Dipropylene Glycol Methyl Ether Market Overview
Product Overview and Scope of Dipropylene Glycol Methyl Ether
Dipropylene glycol methyl ether is an organic solvent with a variety of industrial and commercial uses. It finds use as a less volatile alternative to propylene glycol methyl ether and other glycol ethers. The commercial product is typically a mixture of four isomers. The product is recognized by other names which are Dipropylene glycol monomethyl ether, Dipropyleneglycol methyl ether, DPGME, and DPM. Chemical Formula for Dipropylene glycol methyl ether is C7H16O3, and its molecular weight is 148.2 g/mol.
DPGME is miscible with water and most organic solvents, making it a versatile solvent. It has a relatively low boiling point and evaporates slowly, which makes it useful in applications requiring longer drying times. The solvent has a high flash point, reducing the risk of flammability. Dipropylene glycol methyl ether is widely used in the industrial sector, primarily as a solvent and coalescent in the formulation of paints, coatings, and inks. It helps in dispersing and dissolving various resins, pigments, and dyes, thereby improving the overall performance and stability of these products. DPGME is an effective cleaning agent and degreaser. It is used in industrial cleaning products, such as metal cleaners, electronics cleaners, and degreasing agents for machinery and equipment. Dipropylene glycol methyl ether finds applications in the formulation of personal care products, including cosmetics, hair care products, and skincare formulations. It acts as a solvent, helping to dissolve and stabilize various ingredients and improve product performance. DPGME is also utilized in a variety of other applications, such as hydraulic fluids, brake fluids, printing inks, textile dyes, and as a chemical intermediate in the production of various chemicals. It is used as a solvent for textile dyes and printing inks, enhancing their solubility and color dispersion. DPGME also serves as a chemical intermediate in the synthesis of various chemicals, including pharmaceuticals and pesticides.
Dipropylene Glycol Methyl Ether Market – Global Industry Analysis
Market Drivers
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Growing demand for organic solvents in the paints and coatings industry
Dipropylene glycol methyl ether is utilized as a solvent in the formulation of paints, and coatings. The growth of the automotive sectors and infrastructure development drive the demand for paints and coatings products. Organic solvents have been used in solvent-based paints, which consist of a binder, pigment particles, additives, and a solvent medium. As environmental considerations become more important, paint and coating manufacturers have increasingly implemented solvent recovery and recycling systems. These systems aim to capture and reclaim solvents used in manufacturing, reducing waste and optimizing resource utilization. For example, in 2021, Germany was ranked first among the leading exporting countries of paints worldwide, accounting for a total value of approximately USD 4.2 billion which was double the value of paint exports from Japan that year. Automotive paints and coatings include paints for passenger cars, light trucks, SUVs, heavy trucks, buses, trailers, and their components. The automotive paints and coatings industry is experiencing significant growth which is primarily driven by increased vehicle production in emerging markets. For example, global automobile production is continually growing globally with South America and the rest of the Asia Pacific growing faster than the more established markets of North America, Europe, and Japan. However, compared to some other organic solvents, dipropylene glycol methyl ether has relatively lower toxicity and lower VOC emissions, making it a preferable choice in wide areas. All these factors contribute to the growth of the dipropylene glycol methyl ether market.
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Global Vehicle Paints Share (%), 2020 |
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Source: Cognitive Market Research |
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Rapid growth in the construction industry
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Increasing Demand for Printing
Global Dipropylene Glycol Methyl Ether Revenue by Regions (2018-2023)
Global Dipropylene Glycol Methyl Ether Revenue and Market Share (%) by Regions (2018-2023)
Global Dipropylene Glycol Methyl Ether Revenue (USD Million) by Regions (2018-2023)
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2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
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North America |
XX |
XX |
XX |
XX |
XX |
XX |
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Europe |
XX |
XX |
XX |
XX |
XX |
XX |
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Asia Pacific |
XX |
XX |
XX |
XX |
XX |
XX |
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Latin America |
XX |
XX |
XX |
XX |
XX |
XX |
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Middle East & Africa |
XX |
XX |
XX |
XX |
XX |
XX |
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Total |
XX |
XX |
XX |
XX |
1,131.7 |
XX |
Global Dipropylene Glycol Methyl Ether market was valued at USD 1,131.7 Million in 2022 and is expected to grow at a CAGR of 4.8% over the forecast period from 2023 to 2030.
Global Dipropylene Glycol Methyl Ether Market Segmentation
Type
- Above 99.5%
- Below 99.5%
Application
- Paints & coatings
- Printing
- Cosmetics & Personal Care
- Others
End-use
- Industrial
- Commercial
Global Dipropylene Glycol Methyl Ether Market Players
- Dow Chemicals
- Monument Chemical
- LyondellBasell Industries Holdings B.V.
- Shell Chemicals
- Hannong Chemicals Inc.
- Yida chemical co. ltd
- Shenzhen Feiyang Frontsea Novelchem Co.Ltd
- Hualun Chemicals
- Jinchangsheng Chemical Technology Co.Ltd
- Tokyo Chemical Industry Co. Ltd.
Dipropylene Glycol Methyl Ether, by Application
By application, the paint and coating segment held the largest market share, in 2022. Dipropylene glycol methyl ether is widely used as a solvent in the formulation of paints, and coatings. It helps dissolve and disperse various resins, pigments, and dyes, improving their viscosity, stability, and performance dipropylene glycol methyl ethers are used to maintain the moist surface of paints, which allows for smoother lapping while removing brush markings, and to increase the flow and leveling qualities of paints. The demand for dipropylene glycol methyl ethers in paints has risen recently as a result of an increase in construction starts worldwide and a favorable infrastructure investment environment.
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Dipropylene Glycol Methyl Ether Market, by Application |
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Source: Cognitive Market Research |
Global Dipropylene Glycol Methyl Ether Manufacturers Profiles/Analysis
Dow Inc.
Dow Inc. Company Basic Information, and Sales Area
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Item |
Description |
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1 |
Company Name |
Dow Inc. |
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2 |
Website |
www.dow.com |
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3 |
Established Date |
1897 |
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4 |
Headquartered |
United States |
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5 |
Market Position/History |
Dow was founded in 1897 by chemist Herbert Henry Dow and is headquartered in Midland, Michigan, U.S. In the 1930s, Dow began producing plastic resins and from 1940 to 1941, Dow built its first plant in Freeport, Texas to produce magnesium extracted from seawater rather than underground brine.
In the course of time, the company acquired several companies such as Rohm & Haas, Nuvosun, Clean Filtration Technology, EniChem S.p.A., and others. In 2016, Dow completed a strategic ownership restructure of Dow Corning and it became a 100% owner Dow Corning’s silicones business. The company operates 214 manufacturing sites in 37 countries and employs around 35,800 people. |
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6 |
Sales Area |
Worldwide |
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7 |
Manufacturing Location |
Americas, Asia Pacific, Europe, Middle East & Africa |
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8 |
Ticker |
NYSE: DOW |
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9 |
No. of Employees |
Around 35,800 employees |
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10 |
Competitors |
Arkema, BASF, Huntsman, PPG Industries, Sealed Air, Westlake, Bayer, Monsanto |
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11 |
CEO |
Jim Fitterling |
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12 |
Ownership Type |
Public |
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13 |
Contact Address |
2211 H.H. Dow Way, Midland, Michigan 48674, United States Tel: (989) 636-1000 |
Business Segment/ Overview:
Dow Inc. is a US-based chemical company. It conducts its operations through six global business operating segments including Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings.
The Packaging & Specialty Plastics operating segment consists of two businesses such as Hydrocarbons & Energy and Packaging and Specialty Plastics. Ethylene, propylene, benzene, Butadiene, Acrylics, bio-based plasticizers, copolymer, elastomers, ethylene copolymer resins, and others.
The Industrial Intermediates & Infrastructure operating segment consists of Industrial Solutions, Polyurethanes & Construction Chemicals. These two segments provide Butyl glycol ethers, VERSENE, Chelants, UCAR Deicing Fluids, Aniline, caustic soda, ethylene dichloride, methylene diphenyl diisocyanate, and many others.
Investment in Research and Development
Research and development costs incurred and charged to income for the fiscal years ended December 31, 2021, and 2020 were USD 857 million and USD 768 million respectively.
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Dow R&D Investment (USD Million) (2020-2021) |
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Source: Cognitive Market Research |
| Dow Net Sales, By Segments (2020-2021) (USD Million) |
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Source: Cognitive Market Research |
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Dow Net Sales, By Region (2020-2021) |
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Source: Cognitive Market Research |
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Business Strategy
Dow has done significant investments in R&D to enhance its product portfolio. For instance, it has expanded its silicone sealant products with the launch of DOWSIL PV Product Line with six silicone-based sealants and adhesives solutions to offer photovoltaic (PV) module assembly materials. The company has planned to make investments over the next several years to enhance competitiveness in the company’s polyurethanes & construction chemicals and industrial solutions businesses.
