Worldwide Propylene Glycol Methyl Ether Acetate Industry to 2027 - Impact of COVID-19 on the Market - ResearchAndMarkets.com

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The "Propylene Glycol Methyl Ether Acetate - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Propylene Glycol Methyl Ether Acetate estimated at US$381.9 Million in the year 2020, is projected to reach a revised size of US$451.9 Million by 2027, growing at a CAGR of 2.4% over the analysis period 2020-2027. Solvent, one of the segments analyzed in the report, is projected to grow at a 2.9% CAGR to reach US$133.1 Million by the end of the analysis period.

After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cleaners segment is readjusted to a revised 2.2% CAGR for the next 7-year period. This segment currently accounts for a 20.8% share of the global Propylene Glycol Methyl Ether Acetate market.

The U.S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 4.6% CAGR for the Period of 2020-2027

The Propylene Glycol Methyl Ether Acetate market in the U. S. is estimated at US$103.3 Million in the year 2020. The country currently accounts for a 27.05% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$90.1 Million in the year 2027 trailing a CAGR of 4.6% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.5% and 1.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.1% CAGR while Rest of European market (as defined in the study) will reach US$90.1 Million by the year 2027.

Metal Finishing Segment Corners a 12% Share in 2020

In the global Metal Finishing segment, USA, Canada, Japan, China and Europe will drive the 2.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$34.5 Million in the year 2020 will reach a projected size of US$41 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$61.5 Million by the year 2027, while Latin America will expand at a 3.8% CAGR through the analysis period. The publisher brings years of research experience to this 7th edition of our report. The 194-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others

  • BASF SE

  • Chang Chun Group

  • DowDuPont, Inc.

  • Eastman Chemical Company

  • Jiangsu Baichuan High-tech New Materials Co., Ltd.

  • Jiangsu Dynamic Chemical Co., Ltd.

  • KH Neochem Co., Ltd.

  • LyondellBasell Industries NV

  • Manali Petrochemicals Limited

  • Royal Dutch Shell PLC

  • Shiny Chemical Industrial Co., Ltd.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares

  • Propylene Glycol Methyl Ether Acetate Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 44

For more information about this report visit https://www.researchandmarkets.com/r/30lpho

View source version on businesswire.com: https://www.businesswire.com/news/home/20200708005468/en/

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