Global Glycidyl ether Market: Introduction
Glycidyl ethers are commercially available since the late 1940s and are the basic components of epoxy resins. Various types of glycidyl ethers are commercially available that include allyl glycidyl ether, butyl glycidyl ether, naphthyl glycidyl ether and others. These products are used across a number of end-use industries including adhesives & sealants, pharmaceutical, polymers and others. The global glycidyl ether market is expected to witness a single digit CAGR over the forecast period of 2019-2029. Increasing demand for specific types of glycidyl ethers along with significantly growing end-use industries are the major factors providing traction to the market growth over the forecast period. Glycidyl ethers also possess various advantages including improved asset utilization, better yield and new chemical routes among others. However, fluctuating raw material prices along with the presence of alternatives are some of the factors impeding the market growth over the forecast period.
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Steadily growing end-use industries worldwide are providing traction to the glycidyl ether market growth over the forecast period
Steadily growing end-user industries, such as pharmaceutical, polymers, adhesives and sealants etc. wave towards high adoption of glycidyl ethers for various applications, such as pharmaceutical intermediate, silane coupling, reactive diluent etc. As per The Association of the British Pharmaceutical Industry (ABPI), the global pharmaceutical R&D spending over 2007 to 2016 was recorded to be around US$ 1.36 trillion that is forecasted to increase with an annual investment of US$ 181 Billion by the end of 2022. Moreover, rising plastic production across the globe creates wide adoption pool for glycidyl ether. According to Plastics Europe, the global plastics production stood at 335 million tons in 2016 that has further hiked to 348 million tons in 2017. Asia held over 50% of the global plastics production in 2017. Moreover, growing demand for adhesives and sealants from automotive, paints & coatings industry tend to increase the adoption of glycidyl ethers that in turn drives the market growth over the forecast period.
Segmentation analysis of Glycidyl ether Market
The global glycidyl ether market is bifurcated into two major segments that are type, application and end-use industry.
On the basis of type, the global glycidyl ether market is divided into:
- Allyl glycidyl ether
- Butyl Glycidyl ether
- Naphthyl glycidyl ether
- 1,6-Hexanediol diglycidyl ether
- Aliphatic glycidyl ethers
On the basis of application, the global glycidyl ether market is divided into:
- Pharmaceutical intermediate
- Silane coupling
- Reactive diluent
- Monomer modifier
- Cellulose ether modifier
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On the basis of end-use industry, the global glycidyl ether market is divided into:
- Adhesives & sealants
Based on region, the global glycidyl ether market is segmented as:
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa (MEA)
Glycidyl ether Market: Regional Outlook
The global glycidyl ether market is segmented into six regions, including North America, Latin America, Europe, East Asia, South Asia & Oceania and Middle East & Africa (MEA). Among the above-mentioned regions, East Asia and South Asia accounted for a majority of the market share under the global glycidyl ether market owing to high adoption of Glycidyl ether within polymer and pharmaceutical industry.
In addition, presence of a majority of the key players along with increasing production capacities of glycidyl ether is also driving the regional glycidyl ether market. Furthermore, Europe is projected to showcase moderate growth in the global glycidyl ether market. Moreover, North America is expected to hold significant market share till 2028 owing to well-established pharmaceutical industry coupled with presence of various key players of the glycidyl ether market.
Key players of Glycidyl ether Market
Prominent players in the global glycidyl ether market are SACHEM Inc., Evonik Industries AG, Dow Chemical, P&G Chemicals, Anhui Xinyuan Chemical, Shijiazhuang Xin Yu Chemical etc. The glycidyl ether market consists of well-diversified global and regional players with global vendors ruling the market.
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