The escalating growth of paint & coatings and printing & ink industries is anticipated to drive the growth of the glycol acetate market in the forecast period. Increasing demand for eco-friendly and non-toxic waterborne coatings in a variety of industrial applications such as packaging, protective coatings, and others are driving the growth of the glycol acetate market in the forecast period. Better adhesion and low surface tension properties increase the demand for glycol acetate in several industries. The glycol acetate market is estimated to grow but from a smaller base. Increasing industrial applications of waterborne coatings are expected to drive its demand across the globe. Key players in the glycol acetate market are focusing on increasing awareness about their product portfolio, which helps them to enhance their market presence across the globe.
Waterborne Coatings a Bright Spot for the Glycol Acetate Market
Due to increasing awareness about environmental impact, the demand for environment-friendly, green construction is on the rise across the globe. Governments are stepping up efforts to reduce carbon emission from construction activities, which is driving the demand for waterborne coatings. The increasing usage of waterborne latex coatings in the industrial sector will boost the demand for glycol acetate across the globe. The high growth of industrial activities coupled with increasing penetration of printing application of glycol acetate is expected to drive the glycol acetate market growth over the forecast period. Additionally, the widening applications of glycol acetate due to several innovations in various industries are expected to bring future opportunities. The escalating growth of printing ink and packaging industries will also play a part in the growth of the glycol acetate market in the forecast period. As per the demand for modern lifestyle, many innovative and technological advancements are rising in several paint & coatings, which has fueled the application of glycol acetate in several end-use industries.
Factors like increasing consumer awareness towards skin damage and attraction towards products are enabling companies to expand the production of cosmetics and skin care products. The increase in the production capacity leads to amplify the demand for glycol acetate across the globe.
However, the adoption of solvent-based coatings in different end-use industries restraint the growth of the glycol acetate market. The tight supply and fluctuating prices of raw materials might hamper the glycol acetate market growth.
Glycol Acetate Market Segmentation
Global glycol acetate market can be segmented on the basis of type and end-use industry.
On the basis of type, the glycol acetate market can be segmented as:
- Propyl Glycol Acetate
- Butyl Glycol Acetate
On the basis of end-use industry, the glycol acetate market can be segmented as:
- Paints & Coatings
- Printing & Inks
- Cosmetic & Personal Care
Glycol Acetate Market Regional Outlook
Geographically, the global glycol acetate market is segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA. Europe is expected to hold a significant market share by the end of 2029, owing to repair in the construction industry and intensified renovations. Rapid industrialization, cheap labor cost, and a large number of end users are contributing to the speedy growth of East Asia and South Asia markets in the forecast period. North America is projected to showcase moderate growth in the glycol acetate market. Introducing pro-environmental regulations in North American countries is expected to support the growth of the glycol acetate market in the region during the forecast period. Increasing demand from paint & coatings and printing industries, among other sectors, are expected to drive the growth of the glycol acetate market in emerging economies such as China and India. The Middle East and Latin America are expected to hold a lower share as compared to other regions in the global glycol acetate market. The rise in the automotive sector and paint and coatings industry is expected to escalate the growth of the glycol acetate market in the South Asia region.
Glycol Acetate Key Market Players
Manufacturers are employing advanced coating technologies in order to enhance efficiency of waterborne coatings. Players are targeting a wide range of applications, by introducing more advanced coating and pigment technologies. Leading players in the glycol acetate market are mentioned below:
- Dow Chemicals
- Asia Pacific Petrochemical Co., Ltd.
- KH Chemicals
- Dhalop chemicals
- Pure Chemicals Co.
- Tokyo Chemical Inc
- Fortune Chemicals Limited
- Saanvi Corp
- Shell Chemicals
The research report presents a comprehensive assessment of the glycol acetate market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to the glycol acetate market segments such as geographies, application and industry.
The glycol acetate market report covers exhaustive analysis on:
- Glycol Acetate Market Segments
- Glycol Acetate Market Dynamics
- Glycol Acetate Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The glycol acetate market regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Russia)
- East Asia (China, Japan and South Korea)
- South Asia (India, Thailand, Indonesia, Malaysia)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The glycol acetate market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with the glycol acetate market attractiveness as per segments. The report also maps the qualitative impact of various market factors on the glycol acetate market segments and geographies.
The Glycol Acetate Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and Products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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