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The global glycol ethers market is majorly being driven by its end-use industries. The end-use industry is significantly dominated by the paints and coating sector, accounting for nearly half of the global demand for glycol ethers. E-series has been the leading type of glycol ethers over the last few years. P-series, however, is expected to witness a higher demand as compared to e-series in the coming years.
The global glycol ethers market supply is led by the Asia Pacific region and is followed by the European Union and North America. The largest and fastest-growing market for glycol ethers is the Asia Pacific due to increasing construction activities, which is driving the increased demand for paints and coatings and household care products. The automobile industry in the region is also driving the demand for glycol ethers within the region, thus aiding the global market as well.
In June 2017, Sadara Chemical company announced the manufacturing of butyl glycol ether, which would meet the commercial demand of the product, especially from overseas markets like the Asia Pacific. In June 2018, The Dow Chemical Company (NYSE: DOW), one of the key players in the glycol ether market, announced their investments on the expansion of their glycol ethers capacity to meet the increasing demand for the product. The capacity expansion is likely to enable the company to double its current output capacity, thus, aiding the growth of the market in the coming years.
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The major key players in the global glycol ethers market include Dow Chemical Company, Jiangsu Dynamic Chemical Co., Ltd., LyondellBasell Industries N.V., INEOS, BASF SE, Shell Chemical LP, Eastman Chemical Company, Sasol, and Oxiteno, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.
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