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The study segments Propylene Glycol Ethers industry in light of major classification such as product type, potential markets, application, and end-user.
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Propylene Glycol Ethers Market To Reach USD 6.34 Billion By 2027 www.reportsanddata.com sales@reportsanddata.com
Market Summary The global propylene glycol ethers market is forecast to reach USD 6.34 Billion by 2027, according to a new report by Reports and Data. The Propylene Glycol Ethers is a colorless, volatile, water soluble industrial and commercial chemical and p-series glycol ether, produced from the formulation of propylene oxide and alcohol. Paints, inks, synthetic resin, varnishes, and rubber adhesives are some of its chemical applications. The continuous expansion of the paint & coatings, varnishes, dyes, inks, toners, anti-freezers and coolants are expected to drive the demand throughout the forecast period. Direct & Intermediate solvent, chemical reagent, coalescing agent, and other processing aids are some of its widely used end-usages. Growing demand for consumer electronic products are harnessing the growth of this market substantially.
Our Approach Market Summary Further key findings from the report suggest Propylene glycol ether is used as a direct solvent and are widely used in the chemical formulations of various compound. Industrial cleaner, toner and coating solvents of electronics appliances, and anti-freezing agents in the engine are some of its end-use applications. The direct solvent is forecasted to reach a market share of 34.5% by 2027 growing with a rate of 6.3% during the period 2019 – 2027. Growing penetration of the online retailing businesses for the chemicals and materials especially in the emerging nations in Asia Pacific, are helping the market grow broadening the outreach in the areas where the offline vendors are unavailable. Also non-involvement of the distributors in the supply chain model, the profit margin is way more than that of the offline retailing. The online retailing is expected to gain a market share of 34.1% by 2027. Chemical intermediate segment is measured to gain a market revenue of USD 186.9 Billion by 2027 and the CAGR is forecasted to be 5.5% in the forecast period. Propylene glycol ethers is utilized as the chemical intermediate in the processing of Propylene glycol monomethyl ether (PM), Dipropylene glycol monomethyl ether (DPM), Tripropylene glycol monomethyl ether (TPM), and others. Request for a sample of this research report @ https://www.reportsanddata.com/sample-enquiry-form/2447
Our Approach Market Summary Key participants include The Dow Chemical Company, Royal Dutch Shell PLC, Eastman Chemical Company, BASF SE, Manali Petrochemicals Limited, LCY Chemical Corp., OXEA GmbH, JXTG Holdings, Inc., LG Chem Ltd., Sasol Limited, and ISU Chemical. For the purpose of this report, Reports and Data have segmented the global Propylene Glycol Ethers market on the basis of the end-use, sales channel, applications, and region: End-Use Outlook (Revenue: USD Billion; Unit: Kilo Tons 2016-2027) Direct Solvent Chemical Intermediate Coalescing Agent Pesticides Chemical Reagents Others Sales Channel Outlook (Revenue: USD Billion; Unit: Kilo Tons 2016-2027) Online Retailing Offline Retailing
Our Approach Market Summary Applications Outlook (Revenue: USD Billion; Unit: Kilo Tons 2016-2027) Industrial Use Paints and Coatings Electronics Industry Automotive Use Others Regional Outlook (Revenue: USD Billion; Unit: Kilo Tons 2016-2027) North America Europe Asia Pacific MEA Latin America Order Now: https://www.reportsanddata.com/checkout-form/2447
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