Market Overview:
The global propylene glycol monomethyl ether market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for propylene glycol monomethyl ether in various applications, such as chemical application, coating application, pesticide application, ink application and others. In terms of region, North America is expected to lead the global propylene glycol monomethyl ether market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
A colorless, viscous liquid with a faintly sweet odor. It is used as an antifreeze and in the manufacture of solvents, lacquers, and plastics.
Purity Below 99%:
Purity below 99% is a type of propylene glycol monomethyl ether. It is a colorless liquid with an odor similar to that of paint thinner. Its major applications include blending into biodiesel and mineral oil for use in diesel engines, as antifreeze in refrigerators and freezers, as an additive for gasoline to improve its thermal stability, and as de-icing fluid.
Purity 99-99.5%:
Purity 99.5% and Purity 99-99.5% are two grades of propylene glycol monomethyl ether, which have almost similar properties but slight differences in some aspects like boiling point, flash point, density and so on. The purity level of the product is very important while manufacturing propylene glycol monomethyl ether as it has an effect on its applications such as food & beverages packaging and textile industry among others.
Application Insights:
The chemical application segment led the global propylene glycol monomethyl ether market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to extensive usage as an intermediate chemical in the manufacturing of various chemicals including pesticides, herbicides, plasticsizers for paints and coatings, adhesives and sealants among others.
Coating application was another prominent segment accounting for 23% of the total revenue share in 2017 owing to high product demand as a solvent for coating formulations that are used across several end-use industries such as automotive & transportation (rear window film), construction (household paint) among others.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for a volume share of over 43% in the same year. The region is expected to witness significant growth owing to increasing demand from end-use industries, such as paints & coatings, pesticides and food processing. In addition, rising disposable income levels coupled with rapid urbanization has resulted in an increased demand for consumer goods which will drive PEG monomethyl ether consumption further.
The presence of key manufacturers including Shandong Tianzhan Petrochemical Corporation Ltd., Lanxess AG; Dow Inc.; and Kishida Chemicals Industries Co., Ltd has contributed significantly towards product availability across Asia Pacific region. China is anticipated to be one of the fastest growing markets due to its rapidly expanding chemical industry along with increasing investments by foreign companies such as DuPont (DD) and formosa Plastics Group (FPG). These factors are likely to boost product consumption over the forecast period.
Growth Factors:
- Increasing demand for propylene glycol monomethyl ether in end-use industries such as paints & coatings, adhesives & sealants, and textiles
- Growing demand for propylene glycol monomethyl ether from emerging economies
- Rising investment in research and development activities by key players to develop new products
- Expansion of production capacities by key manufacturers to meet the growing demand for propylene glycol monomethyl ether globally
- increasing application scope of propylene glycol monomethyl ether in various end-use industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Propylene Glycol Monomethyl Ether Market Research Report
By Type
Purity Below 99%, Purity 99-99.5%, Purity Above 99.5%
By Application
Chemical Application, Coating Application, Pesticide Application, Ink Application, Others
By Companies
DowDuPont, Shell, Taimax, BASF, Eastman Chemical, KH Chemicals, LyondellBasell, SKC, DowDuPont
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Propylene Glycol Monomethyl Ether Market Report Segments:
The global Propylene Glycol Monomethyl Ether market is segmented on the basis of:
Types
Purity Below 99%, Purity 99-99.5%, Purity Above 99.5%
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical Application, Coating Application, Pesticide Application, Ink Application, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DowDuPont
- Shell
- Taimax
- BASF
- Eastman Chemical
- KH Chemicals
- LyondellBasell
- SKC
- DowDuPont
Highlights of The Propylene Glycol Monomethyl Ether Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Purity Below 99%
- Purity 99-99.5%
- Purity Above 99.5%
- By Application:
- Chemical Application
- Coating Application
- Pesticide Application
- Ink Application
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Propylene Glycol Monomethyl Ether Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Propylene glycol monomethyl ether is a clear, colorless liquid with a sweet odor. It is used as an additive in food and beverages, as well as in personal care products.
Some of the key players operating in the propylene glycol monomethyl ether market are DowDuPont, Shell, Taimax, BASF, Eastman Chemical, KH Chemicals, LyondellBasell, SKC, DowDuPont.
The propylene glycol monomethyl ether market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Propylene Glycol Monomethyl Ether Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Propylene Glycol Monomethyl Ether Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Propylene Glycol Monomethyl Ether Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Propylene Glycol Monomethyl Ether Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Propylene Glycol Monomethyl Ether Market Size & Forecast, 2020-2028
4.5.1 Propylene Glycol Monomethyl Ether Market Size and Y-o-Y Growth
4.5.2 Propylene Glycol Monomethyl Ether Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Purity Below 99%
5.2.2 Purity 99-99.5%
5.2.3 Purity Above 99.5%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Chemical Application
6.2.2 Coating Application
6.2.3 Pesticide Application
6.2.4 Ink Application
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Propylene Glycol Monomethyl Ether Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Propylene Glycol Monomethyl Ether Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Purity Below 99%
9.6.2 Purity 99-99.5%
9.6.3 Purity Above 99.5%
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Chemical Application
9.10.2 Coating Application
9.10.3 Pesticide Application
9.10.4 Ink Application
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Purity Below 99%
10.6.2 Purity 99-99.5%
10.6.3 Purity Above 99.5%
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Chemical Application
10.10.2 Coating Application
10.10.3 Pesticide Application
10.10.4 Ink Application
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Purity Below 99%
11.6.2 Purity 99-99.5%
11.6.3 Purity Above 99.5%
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Chemical Application
11.10.2 Coating Application
11.10.3 Pesticide Application
11.10.4 Ink Application
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Purity Below 99%
12.6.2 Purity 99-99.5%
12.6.3 Purity Above 99.5%
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Chemical Application
12.10.2 Coating Application
12.10.3 Pesticide Application
12.10.4 Ink Application
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Purity Below 99%
13.6.2 Purity 99-99.5%
13.6.3 Purity Above 99.5%
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Chemical Application
13.10.2 Coating Application
13.10.3 Pesticide Application
13.10.4 Ink Application
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Propylene Glycol Monomethyl Ether Market: Competitive Dashboard
14.2 Global Propylene Glycol Monomethyl Ether Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DowDuPont
14.3.2 Shell
14.3.3 Taimax
14.3.4 BASF
14.3.5 Eastman Chemical
14.3.6 KH Chemicals
14.3.7 LyondellBasell
14.3.8 SKC
14.3.9 DowDuPont
