Ethylene Glycol Monoethyl Ether Acetate (CAC) Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 1.8 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The global Ethylene Glycol Monoethyl Ether Acetate (CAC) market was valued at approximately USD 3.5 billion in 2022. The market is projected to witness a compound annual growth rate (CAGR) of around 5.2% from 2023 to 2030. This growth is driven by the increasing demand for ethylene glycol monoethyl ether acetate in various applications, including coatings, paints, and cleaning products. The expanding automotive and construction industries are key contributors to the market's expansion, as this chemical is widely used for its solvent properties and effectiveness in formulation processes.
Opportunities within the Ethylene Glycol Monoethyl Ether Acetate market are poised to increase with the rise in demand for environmentally friendly and high-performance solvents. Emerging markets, particularly in Asia-Pacific and Latin America, are expected to experience significant growth due to industrialization and urban development. The growing emphasis on sustainability and regulatory compliance is leading to innovations in product formulations, enhancing market potential. Additionally, the trend towards optimizing manufacturing processes to improve efficiency and reduce environmental impact presents further opportunities for market expansion.
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Eastman Chemical
Jiangsu Dynamic Chemical
Jiangsu Hualun
Jiangsu Yida Chemical
Jiangsu RuiJia Chemical
India Glycols Limited (IGL)
SANKYO CHEMICAL
Jiangsu Yinyan Specialty Chemicals
Yancheng Super Chemical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Ethylene Glycol Monoethyl Ether Acetate (CAC) Market
Paints & Coatings
Printing Inks
Surface Cleaning Agent
Chemical Reagent
Others
Based on Types the Market is categorized into Below types that held the largest Ethylene Glycol Monoethyl Ether Acetate (CAC) market share In 2023.
99.0%
99.5%
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Ethylene Glycol Monoethyl Ether Acetate (CAC) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Ethylene Glycol Monoethyl Ether Acetate (CAC) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Ethylene Glycol Monoethyl Ether Acetate (CAC) Market, By Type
6. Global Ethylene Glycol Monoethyl Ether Acetate (CAC) Market, By Application
7. Global Ethylene Glycol Monoethyl Ether Acetate (CAC) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Ethylene Glycol Monoethyl Ether Acetate (CAC) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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