Report ID: UCMIG15E2463
Report ID:
UCMIG15E2463 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global diethylene glycol monobutyl ether acetate market had an estimated value of USD 122.3 million in 2018, and it is projected to experience a steady revenue-based Compound Annual Growth Rate (CAGR) of 3.3% from 2019 to 2025. This growth can be attributed to the compound's wide range of applications in various industries, including paints and coatings, adhesives, and chemical processing. As the demand for eco-friendly and sustainable solvents increases, diethylene glycol monobutyl ether acetate's usage is expected to rise further due to its low volatile organic compound (VOC) content and favorable toxicological profile. Additionally, the rising investments in infrastructure projects and construction activities worldwide are also anticipated to fuel the market's expansion during the forecast period.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialty Chemicals by segment aggregation, the contribution of the Specialty Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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REQUEST FREE CUSTOMIZATIONThe market for Diethylene Glycol Monobutyl Ether Acetate was estimated to be valued at US$ XX Mn in 2021.
The Diethylene Glycol Monobutyl Ether Acetate Market is estimated to grow at a CAGR of XX% by 2028.
The Diethylene Glycol Monobutyl Ether Acetate Market is segmented on the basis of Application, Regional.
Based on region, the Diethylene Glycol Monobutyl Ether Acetate Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The key players operating in the Diethylene Glycol Monobutyl Ether Acetate Market are Eastman Chemical Company, BASF SE, Dow Chemical Company, Shell Chemicals, Huntsman Corporation, Celanese Corporation, INEOS Oxide, LyondellBasell Industries, ExxonMobil Chemical, Mitsubishi Chemical Corporation.
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Report ID: UCMIG15E2463