Ethoxydiglycol Market Size, Share, Trends, Growth 2030

Ethoxydiglycol Market

Ethoxydiglycol Market By Type [Chemical Grade, Cosmetic Grade, and Pharmaceutical Grade], By Application [Chemical, Cosmetic & Personal Care, Health Care, and Others], And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-6861 Status : Upcoming
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 650.89 Million USD 900.52 Million 4.14% 2022

Description

The global ethoxydiglycol market size was worth around USD 650.89 Million in 2022 and is predicted to grow to around USD 900.52 Million by 2030 with a compound annual growth rate (CAGR) of roughly 4.14% between 2023 and 2030.

Global Ethoxydiglycol Market sizeRequest Free Sample

Global Ethoxydiglycol Market: Overview

Ethoxydiglycol is also referred to as diethylene glycol monoethyl ether. It is a cosmetic-grade solvent and soluble in both oil and water. Ethoxydiglycol is widely utilized in dissolving ingredients to lower its thickness. Also, this solvent is typically used for the manufacturing of skincare products where it functions as an outstanding carrier and solvent. Ethoxydiglycol also functions as a co-solvent or solvent, which can be used in the lipophilic or hydrophilic state owing to its solubility in butylene glycol, water, vegetable oils, propylene glycol, and ethanol. Additionally, it finds a large number of applications ranging from personal hygiene products to fragrances and facial products to shaving products. It effectively distributes ingredients in the product to improve its effectiveness. It is also used to keep the manufactured product well mixed.

Global Ethoxydiglycol Market: Growth Factors

The global ethoxydiglycol market is likely to expand with an exponential growth rate due to the growing utilization of ethoxydiglycol in personal care and cosmetic formulations, as it is a great efficacy booster and solving agent. Also, the personal care and cosmetic sectors have emerged as primary end-users of ethoxydiglycol globally because of its high growth rate. Marketing activities around ethoxydiglycol easily entice customers by sharing the benefits of active elements present in the products. However, the increasing disposable income and purchasing power of the people globally is further spurring the demand for ethoxydiglycol.

Manufacturers are propelling their research and development activities in order to launch innovative products in the market to expand their portfolio and business geographically. Due to the outbreak of the Covid-19 pandemic, the global ethoxydiglycol market has witnessed a downfall in demand due to disruptions in the supply chain and global shutdowns. However, the global ethoxydiglycol market is projected to see a speedy recovery due to the growing awareness among people regarding their health and wellness in the forthcoming years.

Global Ethoxydiglycol Market: Segmentation

The global ethoxydiglycol market can be segmented into application, type, and region.

By application, the market can be segmented into chemical, cosmetic & personal care, health care, and others. The cosmetic & personal care segment accounts for the largest share in the global ethoxydiglycol market due to the growing number of people adopting skincare and other wellness products. Nowadays, both men and women are equally aware of their health and wellness, thereby the segment is expected to see huge growth prospects in the forthcoming years. However, the healthcare segment also holds huge potential for growth prospects in the forthcoming years.

By type, the market can be segmented into chemical grade, cosmetic grade, and pharmaceutical grade. The cosmetic grade segment holds the largest share in the global ethoxydiglycol market due to its high efficacy in skincare formulations.

Ethoxydiglycol Market : Report Scope

Report Attributes Report Details
Report Name Ethoxydiglycol Market Research Report
Market Size in 2022 USD 650.89 Million
Market Forecast in 2030 USD 900.52 Million
Growth Rate CAGR of 4.14%
Number of Pages 215
Key Companies Covered Finetech Industry Limited, Alzo International, Ineos Oxide, LyondellBasell Industries Holdings, Merck KGaA, Eastman Chemical Company, Thermo Fisher Scientific, DowDuPont Inc., and BASF SE
Segments Covered By Type, By Application and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Ethoxydiglycol Market: Regional analysis

Asia Pacific accounts for the largest share in the global ethoxydiglycol market due to the high growth rate of pharmaceutical and personal care sectors in the growing economies like Japan, India, and China. China is the largest pharmaceutical market globally, therefore the combined forces of demographic and economic development along with government stimulus are likely to support the growth of the regional market. Additionally, the high penetration rate of personal care products in India is likely to further develop the regional market.

However, North America is expected to see healthy growth due to the new product launches along with a growing number of startups entering the global ethoxydiglycol market. Also, the presence of prominent market leaders in the region is likely to support the growth of the regional market.

Global Ethoxydiglycol Market: Competitive Players

The global ethoxydiglycol market is led by players like:

  • Finetech Industry Limited
  • Alzo International
  • Ineos Oxide
  • LyondellBasell Industries Holdings
  • Merck KGaA
  • Eastman Chemical Company
  • Thermo Fisher Scientific
  • DowDuPont Inc
  • BASF SE

The global ethoxydiglycol market is segmented as follows:

By Type

  • Chemical Grade
  • Cosmetic Grade
  • Pharmaceutical Grade

By Application

  • Chemical
  • Cosmetic & Personal Care
  • Health Care
  • Others

Global Ethoxydiglycol Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

Ethoxydiglycol, alternatively referred to as diethylene glycol monoethyl ether, is an odorless, transparent liquid. Being a glycol ether, it is a member of a category of solvents that find widespread application across diverse sectors. Within the domain of personal care and cosmetics, ethoxydiglycol functions as a solvent for a diverse range of components, facilitating the formation of cohesive and stable formulations. It is frequently present in hair care products, cosmetics, and hygiene items.

The demand for ethoxydiglycol is highly correlated with cosmetic and personal care industry trends. A growing inclination towards products that necessitate solvents such as ethoxydiglycol has the potential to stimulate market expansion. The market may be affected by regulations governing the use of particular compounds in cosmetics and personal care products. Regulations, whether they are relaxed or strictened, have the potential to impact both the manufacturing and application of ethoxydiglycol.

The global ethoxydiglycol market size was worth around USD 650.89 Million in 2022 and is predicted to grow to around USD 900.52 Million by 2030.

The global ethoxydiglycol market with a compound annual growth rate (CAGR) of roughly 4.14% between 2023 and 2030.

Asia Pacific accounts for the largest share in the global ethoxydiglycol market due to the high growth rate of pharmaceutical and personal care sectors in the growing economies like Japan, India, and China. China is the largest pharmaceutical market globally, therefore the combined forces of demographic and economic development along with government stimulus are likely to support the growth of the regional market.

Some of the significant players in the global ethoxydiglycol market include Finetech Industry Limited, Alzo International, Ineos Oxide, LyondellBasell Industries Holdings, Merck KGaA, Eastman Chemical Company, Thermo Fisher Scientific, DowDuPont Inc., and BASF SE.

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