Global 2-Ethoxyethanol Market Size By Product (Industrial Grade, Experimental Class), By Application (Dispersant, Lubricant), By Geographic Scope And Forecast

2-Ethoxyethanol Market Size And Forecast

2-Ethoxyethanol Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2022 to 2030.

An increase in infrastructure in the residential and commercial sectors is one of the important factors contributing to the market growth of 2-Ethoxyethanol. Increased demand for industrial coating along with improved global economic conditions are attracting manufacturers to invest in this market. The Global 2-Ethoxyethanol Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global 2-Ethoxyethanol Market Definition

2-Ethoxyethanol is a solvent that is widely used in commercial and industrial applications. It is also known by the brand Cellosolve or ethyl cellosolve. This clear, colorless, odorless liquid is miscible with water, ethanol, diethyl ether, acetone, and ethyl acetate. Paints and surface coatings, stains, lacquers, inks, and dyes all employ glycol ethers as solvents since they are miscible in polar and nonpolar solutions. Industrial deicing, hydraulic fluids, and cleaning chemicals are among the other applications. 2-Ethoxyethanol was originally utilized in cosmetic products but is no longer used owing to toxicity linked with skin absorption.

Global 2-Ethoxyethanol Market Overview

With the rise in the building and construction industry, 2-ethoxyethanol is used both in the residential, commercial, and industrial sectors. It’s also employed in the metal surface treatment and repair industries. There are a few restraints pertaining to this chemical. It has slight short-term and slight long-term toxicity to aquatic life. Moreover, it can affect you when breathed in or by passing through your skin. It has a high possibility of organ damage and a high risk of exposure.

As the need for an effective alternative for Ethyl Cellosolve has become increasingly apparent, VertecBio has risen to the challenge, of developing ELSOL BCR. A bio-based solvent alternative to Ethyl Cellosolve, this patented blend of bio-based solvent is more efficient in viscosity reduction than Ethyl Cellosolve and is both easy and inexpensive to distill/recycle. It also contains no environmentally hazardous ingredients, no Hazardous Air Pollutants (HAPs), and is manufactured in the United States.

Global 2-Ethoxyethanol MarketSegmentation Analysis

The Global 2-Ethoxyethanol Market is Segmented on the basis of Product, Application, And Geography.

2-Ethoxyethanol Market, By Product

• Industrial Grade• Experimental Class

Based on Product, The market is segmented into Industrial Grade and Experimental Class. It may be used as a solvent for nitrocellulose, lacquer, natural and synthetic resins, and other similar materials, as well as leather colorants, emulsion stabilizers, paint diluents, paint strippers, and textile fibre dyeing agents. It is often used as a precursor in the manufacturing of acetate.

2-Ethoxyethanol Market, By Application

• Solvent• Extracting agent• Dispersant• Lubricant• Other

Based on Application, The market is segmented into Solvent, Extracting agent, Dispersant, Lubricant, and Other. 2-ethoxyethanol has the advantage of being able to dissolve a wide range of chemical substances. Oils, resins, grease, waxes, nitrocellulose, and lacquers will all disintegrate in it. 2-ethoxyethanol is utilized in varnish removers and degreasing solutions because of its feature, which makes it an excellent multi-purpose cleaner.

2-Ethoxyethanol Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, The Global 2-Ethoxyethanol Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest market for industrial cleaning chemicals is North America, followed by the Asia Pacific and Western Europe. The 2-Ethoxyethanol Market is growing due to increased awareness of various cleanliness requirements in the region’s developed economies. Over the last decade, domestic and international investments in important industries such as energy, manufacturing, and construction have constantly increased, which is projected to fuel the 2-Ethoxyethanol Market, rising demand for 2-Ethoxyethyl.

Key Players

The “Global 2-Ethoxyethanol Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Suzhou Sunway Dyes & Chemicals Co. Ltd, Hangzhou Dayangchem Co. Ltd, Gihi Chemicals Co, Chemieliva Pharmaceutical Co, Hangzhou J&H Chemical Co, Jiangsu Hualun Chemical Industry Co, Hubei Jusheng Technology Co, Xiamen Hisunny Chemical Co, Neostar United Industrial Co, Hangzhou Meite Chemical Co, Jinan Haohua Industry Co, Santa Cruz Biotechnology, Haihang Industry Co. Ltd. 

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In May 2021, The Cimex® carpet and hard-floor cleaning products will be manufactured in the United Kingdom again, bringing new investment and employment to the company’s Southampton site.

• In June 2020, in North America, Evonik’s Care Solutions Business Line introduced TOMAKLEEN® G-14, a novel solution for replacing oxygenated solvents in industrial and institutional cleaning solutions.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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