Diethylene Glycol Monobutyl Ether Market Size Worth $232.7 Million by 2025: Grand View Research, Inc.

SAN FRANCISCO, Jan. 13, 2020 /PRNewswire/ -- The global diethylene glycol monobutyl ether market size is projected to reach USD 232.7 million by 2025, expanding at a revenue-based CAGR of 3.9%, according to a new report by Grand View Research, Inc. Increasing demand for the product in paints, coatings, inks, and cleaning agents is likely to augment market growth.

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Key suggestions from the report:

  • Cleaning agent application dominated the global market with a revenue share of 53.4% in 2018 owing to growing hygienic practices and high demand for industrial cleaners globally
  • Paints, coatings, and inks application is anticipated to witness a CAGR of 4.3%, in terms of revenue, owing to rising demand for solvents in order to manufacture paints and coatings with low drying time
  • Asia Pacific dominated the diethylene glycol monobutyl ether market with a volume share of 42.1% in 2018 owing to presence of large cleaning products and paints and coating manufacturing companies
  • Europe is expected to exhibit a growth rate of 3.5%, in terms of volume, over the forecast period. According to the International Association for Soaps, Detergents and Maintenance Products (AISE), there are currently over 175 companies in Europe that formulate cleaners and detergents. This has paved way for high consumption of DEGBE in cleaners and detergents across the region
  • Paints and coatings manufacturers prefer DEGBE as it is suitable for manufacturing ecofriendly and non-hazardous low volatile organic compound (VOC) emission paints

Read 90 page research report with ToC on "Diethylene Glycol Monobutyl Ether Market Size, Share & Trends Analysis Report By Application (Paints, Coatings, & Inks, Cleaning Agents), By Region (North America, Europe, APAC, Central & South America, MEA), And Segment Forecasts, 2019 - 2025" at: https://www.grandviewresearch.com/industry-analysis/diethylene-glycol-monobutyl-ether-market

Diethylene glycol monobutyl ether can remove both water-insoluble greases and oils and water-soluble oils. This characteristic is expected to majorly drive the consumption of DEG monobutyl ether by companies engaged in formulating cleaning agents. Companies such as Procter and Gamble Company conducted several in-house tests based on the concentration of diethylene glycol monobutyl ether in hard surface cleaners and its subsequent effect on human health. As cited by the U.S. National Library of Medicine National Institutes of Health, the tests concluded that the exposure to DEG monobutyl ether within permissible levels at ambient room conditions is safe.

The product has substantial amount of consumption in paints, coatings, and inks manufacturing. It is broadly utilized as coalescent in formulating latex paints and paints for architectural applications. Latex paints dominate the paints industry followed by oil-based paints. Increased construction spending in emerging countries is expected to trigger the demand for paints and coatings in the building and construction sector, which in turn is expected to augment market growth.

Diethylene glycol monobutyl ether has limited evidence of severe human health hazard, however, it is observed that the ingestion of the chemical can cause severe health issues such as rapid heartbeat and breathing, low blood pressure, and muscle pain. Owing to these factors, multiple state laws have been stated for the disposal of the product. However, they are not stringent as the product can be recycled for reuse.

Grand View Research has segmented the global diethylene glycol monobutyl ether market on the basis of application and region:

  • Diethylene Glycol Monobutyl Ether Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
    • Paints, Coatings, & Inks
    • Cleaning Agents
    • Other Applications
  • Diethylene Glycol Monobutyl Ether Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K.
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
    • Central & South America
      • Brazil
    • Middle East & Africa
      • Saudi Arabia

Find more research reports on Paints, Coatings & Printing Inks Industry, by Grand View Research:

  • Diethylene Glycol Monoethyl Ether Market – Global diethylene glycol monoethyl ether market size was estimated at USD 374.9 million in 2018 and is expected to witness a CAGR of 5.3% from 2019 to 2025.
  • Optical Coatings Market – Global optical coatings market size was valued at USD 14.0 billion in 2018 and is expected to register a CAGR of 9.1%.
  • Protective Coatings Market – global protective coatings market size was estimated at USD 30.16 billion in 2018 and is expected to register a CAGR of 7.7%.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc.

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