Global Diethylene Glycol Monobutyl Ether Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Diethylene Glycol Monobutyl Ether Market” is an upcoming report by MarketResearch.biz. The global diethylene glycol monobutyl ether market segmentation allows for deeper understanding and thought, to decisively assess, analyze, and study. Besides revenues for segments, global, regional, and country-wise, market revenue segmentation will be compiled in a fastidious manner for clear flow and understanding. The analysis will be conducted using expert opinions and inputs, as well as thorough primary and secondary research efforts to determine various aspects of the diethylene glycol monobutyl ether market. The global diethylene glycol monobutyl ether market report will be segmented on the basis of application, and region.
Diethylene glycol (DEG) monobutyl ether is an organic compound, one of several glycol ether solvents. It is a flammable colorless liquid with a high boiling point and a low odor, and is soluble in ethanol, ethyl ether, acetone, and benzene. It is mainly used as a solvent for varnishes and paints in the chemical industry, household detergents, textile processing, and brewing chemicals. Diethylene glycol monobutyl ether is manufactured using ethylene oxide as one of the key components.
The increasing consumption of this product in the formulation of coatings and paints, and as institutional cleaners is expected to contribute to market growth over the coming years. The rise in construction spending, especially in emerging economies is projected to further precipitate the demand for coatings and paints, which, in turn, will positively contribute to the global diethylene glycol monobutyl ether market growth.
Rapidly growing textile industry, backed by continuous technological advancements such as – the advent of geotextiles, waterproof and breathable textiles, development of smart textiles, and antimicrobial medical textiles is a market that is expeditiously growing. This increase in product demand has made way for innovative dyeing techniques and formulations. There is very limited evidence of any severe health hazards caused by DEG monobutyl ether. It also aids in the promotion of uniform and rapid penetration of dyes.
Segmentation, in terms of application, is as follows – paints, coatings & inks, cleaning agents, and other applications. Its application in the paints, coatings and inks segment is expected to account for sizable market revenue share. The implementation of diethylene glycol (DEG) monobutyl ether as a component in the cleaning agents segment will expand at a high CAGR over the forecast period.
This product is widely used in the manufacture of printing inks, lacquers, stamp-pads, chelating agents, pH regulators, surfactants, solvents, and solubilizers, etc. This vast range of applications is expected to further increase consumption of this product in the foreseeable future.
The diethylene glycol monobutyl ether market in North America is fueled by the use of this product in detergents, the pharmaceutical industry and in cleaning agents. This region registered the maximum consumption of institutional and industrial cleaners, followed by market in China in 2017. There are several prominent ongoing projects for infrastructural development such as the O’Hare Airport Expansion Project, Sound Transit 3 project, and the California high-speed rail (CAHSR or CHSR) construction project which will contribute to steady market growth in the region over the foreseeable future.
Although Europe has stringent regulations, the increasing adoption of diethylene glycol monobutyl ether in cleaning agents is expected to influence market growth in this region. In Latin America, Brazil accounts for a majority of the regional market share followed by Argentina and Columbia.
Global Market Segmentation:
Global market segmentation, by Application:
- Paints, Coatings, & Inks
- Cleaning Agents
- Other Applications
Global market segmentation, by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- Eastman Chemical
- TCI Chemicals
- India Glycols
- Advance Petrochemicals Ltd.
- The Dow Chemical Company
- Petronas Chemicals
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