Propylene Glycol Methyl Ether Acetate Market To Reach USD 646.2 Million By 2027
Market Summary Increasing demand for propylene glycol methyl ether acetate in the online retailing business coupled with high investments in R&D of propylene glycol methyl ether acetate are fueling the market growth. Market Size – USD 392.4 Million in 2018, Market Growth - CAGR of 5.7%, Market Trends – Increase in demand for propylene glycol methyl ether acetate in the paints & coatings applications. The Global Propylene Glycol Methyl Ether Acetate Market is forecast to reach USD 646.2 Million by 2027, according to a new report by Reports and Data. The Propylene Glycol Methyl Ether Acetate is a colorless, flammable, water soluble industrial and commercial chemical and a ptype glycol alcohol with ether-like odor. Further key findings from the report suggest : • Chemical intermediate segment is measured to gain a market revenue of USD 121.5 Million by 2027 and the CAGR is forecasted to be 5.6% in the forecast period. Propylene glycol methyl ether acetate is utilized as the chemical intermediate with polyesters, epoxies, and acrylics, among other type of resins. • Europe would reach a market share of 20.5% by 2027 and would grow at a CAGR of 5.1% in the forecast period. Germany has the highest number of valuable players in this region, while France is the fastest-growing market in Europe. www.reportsanddata.com
Key Players: Dow Chemical Company, Royal Dutch Shell PLC, Exxon Mobil Corporation, BASF SE, Tokuyama Corporation, LCY Chemical Corp., OXEA GmbH, JXTG Holdings, Inc., LG Chem Ltd., Sasol Limited, and ISU Chemical. Segmentation: • End-Use Outlook (Revenue: USD Million; Volume: Kilo Tons; 2016-2027), End-Use, Direct Solvent, Chemical Intermediate, Surface Adherent, Pesticides, Chemical Reagents, Others •
Sales Channel Outlook (Revenue: USD Million; Volume: Kilo Tons; 2016-2027), Online Retailing, Offline Retailing
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Applications Outlook (Revenue: USD Million; Volume: Kilo Tons; 2016-2027), Industrial Use, Paints and Coatings, Electronics Industry, Printing Inks, Others
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Regional Propylene Glycol Methyl Ether Acetate Market (Regional Output, Demand & Forecast by Countries):• North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
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Major highlights of the report: • An all-inclusive evaluation of the parent market • The evolution of significant market aspects • Industry-wide investigation of market segments • Assessment of the market value and volume in the past, present and forecast years • Market share evaluation • Study of niche industrial sectors • Tactical approaches of the market leaders • Lucrative strategies to help companies strengthen their position in the market
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