Ethoxydiglycol Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Ethoxydiglycol Market Analysis
The global ethoxydiglycol market is estimated to witness a healthy growth, at an estimated CAGR of over 3%, over the forecast period. The major factor driving the growth of the market studied is growing demand from cosmetics industry.
- Health hazards in a variety of animal species are projected to hamper the market's growth in the coming years.
- Excellent solubilizing properties is also likely to augment the market growth in the future.
- Asia-Pacific region is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.
Ethoxydiglycol Market Trends
This section covers the major market trends shaping the Ethoxydiglycol Market according to our research experts:
Increasing Demand from Personal Care Industry
- Cosmetics and personal care are one of the major applications of ethoxydiglycol. Ethoxydiglycol is used in cosmetics and personal care formulations as a solubilizer and efficacy booster. It enhances skin penetration of cosmetic actives and helps repair split ends of damaged hairs.
- With the increasing number of new beauty products and the concern for good appearance, has led to the significant rise in the market for beauty products and cosmetics. The Asia-Pacific region has become the largest consumer and producer of ethoxydiglycol. The production has reached high levels, and the region has become a significant hub for exporting cosmetics and personal care products to developed nations, such as the United States.
- The market in the countries, such as South Korea and Indonesia, are expected to witness a rapid rise in the demand for personal care products, due to growth in the cosmetics market.
- The global skin care market is expected to grow at an average rate of around 5% annually. The industry has witnessed a shift from demand from older consumers to a growing younger consumer base. People are increasingly becoming more self-aware about themselves has hence started using skin care at an increasingly young age in order to delay the signs of aging.
- Owing to all these factors, the market for ethoxydiglycol is likely to grow across the world during the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific dominated the global market with a share of more than 45%. With growing personal care and pharmaceutical industries in the countries like China, India, Japan, and South Korea, the consumption of ethoxydiglycol is increasing in the region.
- China, one of the largest pharmaceutical markets in the world, is not yet mature. The combined forces of economic and demographic development, government stimulus, enhanced health awareness among the public, market consolidation, and improved R&D capabilities may help the country in maturing into a sophisticated market within the next decade.
- At present, penetration of personal care products in India is comparatively lower when compared to developed or even other developing economies. However, improving economic environment and increasing purchasing power of the Indian population is expected to increase the adoption of personal care products in the country.
- According to a report published by the Ministry of Economy and Industry, the beauty and personal care (BPC) industry in the country is expected to reach more than USD 10 billion by 2021, at an estimated growth rate of 5%-6% annually. The personal care and cosmetics sector in India is expected to register continuous growth, with increasing shelf space in retail stores and boutiques in India.
- Due to all such factors, the market for ethoxydiglycol in the region is expected to have a steady growth during the forecast period.
Ethoxydiglycol Industry Overview
The ethoxydiglycol market is partially consolidated in nature. Some of the major players in the market include Dow, Eastman Chemical Company, Merck KGaA, Gattefosse, and Thermo Fisher Scientific, among others.
Ethoxydiglycol Market Leaders
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Dow
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Eastman Chemical Company
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Merck KGaA
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Gattefosse
*Disclaimer: Major Players sorted in no particular order
Ethoxydiglycol Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Growing Demand from Cosmetics Industry
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4.1.2 Excellent Solubilizing Properties
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4.1.3 Other Drivers
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4.2 Restraints
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4.2.1 Health Hazards in a Variety of Animal Species
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4.2.2 Other Restraints
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4.3 Industry Value-Chain Analysis
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4.4 Porters Five Force Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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4.5 Price Analysis
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5. MARKET SEGMENTATION
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5.1 End-user
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5.1.1 Cosmetics and Personal Care
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5.1.2 Industrial Cleaners
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5.1.3 Pharmaceuticals
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5.1.4 Flavor and Fragrances
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5.1.5 Paints and Coatings
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5.1.6 Other End-users
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5.2 Geography
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5.2.1 Asia-Pacific
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5.2.1.1 China
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5.2.1.2 India
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5.2.1.3 Japan
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5.2.1.4 South Korea
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5.2.1.5 Rest of Asia-Pacific
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5.2.2 North America
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5.2.2.1 United States
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5.2.2.2 Canada
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5.2.2.3 Mexico
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5.2.3 Europe
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5.2.3.1 Germany
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5.2.3.2 United Kingdom
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5.2.3.3 Italy
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5.2.3.4 France
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5.2.3.5 Rest of Europe
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5.2.4 South America
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5.2.4.1 Brazil
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5.2.4.2 Argentina
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5.2.4.3 Rest of South America
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5.2.5 Middle-East and Africa
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5.2.5.1 Saudi Arabia
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5.2.5.2 South Africa
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5.2.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Alzo International Inc.
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6.4.2 BASF SE
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6.4.3 Dow
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6.4.4 Eastman Chemical Company
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6.4.5 FINETECH INDUSTRY LIMITED
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6.4.6 Gattefosse
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6.4.7 INEOS
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6.4.8 LyondellBasell Industries Holdings B.V.
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6.4.9 Merck KGaA
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6.4.10 Thermo Fisher Scientific
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Ethoxydiglycol Industry Segmentation
The global ethoxydiglycol market report includes:
| End-user | |
| Cosmetics and Personal Care | |
| Industrial Cleaners | |
| Pharmaceuticals | |
| Flavor and Fragrances | |
| Paints and Coatings | |
| Other End-users |
| Geography | |||||||
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Ethoxydiglycol Market Research FAQs
What is the current Ethoxydiglycol Market size?
The Ethoxydiglycol Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Ethoxydiglycol Market?
Dow, Eastman Chemical Company , Merck KGaA and Gattefosse are the major companies operating in the Ethoxydiglycol Market.
Which is the fastest growing region in Ethoxydiglycol Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Ethoxydiglycol Market?
In 2024, the Asia Pacific accounts for the largest market share in Ethoxydiglycol Market.
What years does this Ethoxydiglycol Market cover?
The report covers the Ethoxydiglycol Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Ethoxydiglycol Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Ethoxydiglycol Industry Report
Statistics for the 2024 Ethoxydiglycol market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Ethoxydiglycol analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
