Dipropylene Glycol Methyl Ether Acetate Market - Global Industry Analysis 2014 2018 and Opportunity Assessment 2019 - 2029
Dipropylene glycol methyl ether acetate Market: Introduction Dipropylene glycol methyl ether acetate is an organic chemical compound with moderate evaporation rate and sweet odor. Dipropylene glycol methyl ether acetate is a clear, colorless to yellow liquid. Dipropylene glycol methyl ether acetate is a propylene oxide-based P-series glycol ether acetate. Dipropylene glycol methyl ether acetate is used as an industrial solvent and coalescing agent. As a solvent, dipropylene glycol methyl ether acetate is dissolved in the resins used for manufacturing various types of surface coatings such as paints, inks, lacquers, among others. Moreover, dipropylene glycol methyl ether acetate is used in making of household and industrial cleaners, Inks, automotive and industrial coatings, among others. The dipropylene glycol methyl ether acetate consumption is primarily driven by the growing p-series glycol consumption across the globe. Several factors such as low toxic and safe for health as compared to other propylene glycol ether remains to contribute in the market growth of dipropylene glycol methyl ether acetate across the globe. Dipropylene glycol methyl ether acetate Market: Dynamics
Market Drivers: Booming Paints & Coatings Industry Anticipated to Drive Dipropylene Glycol Methyl Ether Acetate Demand
Dipropylene glycol methyl ether acetate is widely used as a solvent in the paints and coatings formulation. In the past few years, the paints and coatings industry has registered substantial growth coupled with various end-use industries such as automotive, metal finishing, construction among others. Along with this, demand for paints and coatings across various application such as industrial coatings, metal finishing coatings, and automotive surface finishing coatings, etc. is expected to continuously increase during coming years. Such aspects are expected to pave the way for dipropylene glycol methyl ether acetate market growth in the upcoming years.
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Nowadays, growing demand for cleaners across the industrial and residential sector is expected to lay a strong path for robust dipropylene glycol methyl ether acetate market growth during the forecast period. Some other applications of dipropylene glycol methyl ether acetate such as silkscreen inks, metal finishes are also anticipated to contributing to the dipropylene glycol methyl ether acetate market growth in the near future.
Market Restraints: Toxic Nature and Adverse Effects on Human Health Raising Concerns Over Dipropylene Glycol Methyl Ether Acetate Applications
The short- and long-term exposure to toxic glycol ethers may cause adverse health effects. Inhalation and oral exposure to the glycol ethers can cause severe reproductive disorders too. Such factors are expected to act as challenge for dipropylene glycol methyl ether acetate market growth during the forecast period.
Dipropylene glycol methyl ether acetate Market: Segmentation Global dipropylene glycol methyl ether acetate market can be segmented on the basis of grade, application, end-use, and region. On the basis of function, the dipropylene glycol methyl ether acetate market is segmented into:
Solvent Coalescing Agent Others
On the basis of application, the dipropylene glycol methyl ether acetate market is segmented into:
Inks Paints and Coatings Cleaners Others
On the basis of end-use, the dipropylene glycol methyl ether acetate market is segmented into:
Residential Commercial Industrial
Dipropylene glycol methyl ether acetate Market: Regional outlook From the regional perspective, Europe is estimated to account for a prominent share in the global dipropylene glycol methyl ether acetate market in the coming years, owing to the growing demand for glycol ether together with coatings application across various end-use industries. The Asia Pacific followed by North America is also projected to hold significant share in the global dipropylene glycol methyl ether acetate market during the forecast period. In the Asia Pacific, growing industrialization and residential sector development surge demand for paints, coatings, and cleaners, such aspects are also attributing towards market growth in the upcoming years. Moreover, the Middle East &Africa and Latin America is projected to relatively moderate share as compared to the growth rate.
Those regions expected to witness significant growth in the global dipropylene glycol methyl ether acetate market during the forecast period. Owing to growing automotive production and consumption across the regions are act as a prime factor for market growth of dipropylene glycol methyl ether acetate. Dipropylene glycol methyl ether acetate Market: Market participants Some of the key market participants involved in the dipropylene glycol methyl ether acetate market are as follows:
The Dow Chemical Company Eastman Chemical Corporation BASF SE Abbott India Limited Hefei TNJ Chemical Industry Co.Ltd. India Glycols Limited Shell Chemicals LOTTE Chemical Corporation LyondellBasell Industries N.V. Hangzhou Yunuo Chemical Co., Ltd Jinhua Huayi Chemical Co., Ltd.
To receive extensive list of important regions, ask for TOC here @ https://www.persistencemarketresearch.com/toc/30846 The research report on dipropylene glycol methyl ether acetate presents a comprehensive assessment of the market and contains thoughtful insights, facts, 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 on dipropylene glycol methyl ether acetate provides analysis and information according to market segments such as geographies, application, and industry.