H1 2023: In H1 2023, the Asia Pacific region witnessed fluctuations in the Dipropylene Glycol Monomethyl Ether prices. In April 2023, prices witnessed an increase, driven by moderate demand and a surge in feedstock Propylene prices. This uptick was attributed to the strength in upstream Naphtha and sluggish trading activities amid the new year holidays in Chhina. In February, China experienced a price surge fueled by enhanced consumption. Simultaneously, increased feedstock Propylene costs resulted from constrained availability and volatile upstream crude oil prices, exacerbated by heightened sanctions on Russian products. Conversely, prices in India declined due to diminished orders from downstream industries. In March 2023, prices ascended in Asia Pacific region due to reduced production rates amid volatile upstream costs and constrained supply availability. Reflecting on April 2023, DPM prices experienced a marginal increase due to steady demand and initial supply constraints in the first half of the month. Although, DPM supply remained moderate, maintaining stable production rates, but faced subdued inquiries from downstream markets. However, the latter half of April saw improved supplies, attributed to enhanced operational efficiency and reduced feedstock costs, driven by a decline in propylene oxide costs amid fluctuations in crude oil prices. Firm inventory levels resulted from sustained production, yet the decrease in feedstock prices, particularly propylene oxide in the Chinese market, alleviated overall production costs for DPM.
The global Dipropylene Glycol Monomethyl Ether market stood at approximately 92 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 3.2% during the forecast period until 2032.
Dipropylene Glycol Monomethyl Ether has many applications across multiple industries. In the realm of coatings and paints, DPM serves as a crucial solvent, enhancing the formulation's stability, flow, and uniform application. Its excellent solvency makes it a preferred choice in cleaning products, both industrial and household, where it aids in the efficient removal of contaminants. Additionally, DPM finds utility in the inks and printing industry, contributing to ink performance by maintaining optimal viscosity. Adhesives, sealants, and surface coatings benefit from DPM as a solvent, ensuring these products exhibit desired fluidity and adhesion properties. In the electronics industry, DPM plays a role in the manufacturing of electronic components, providing solvency and acting as a carrier fluid. Its applications extend to the textile industry, where it facilitates dyeing and printing processes by effectively dissolving and dispersing dyes. Moreover, DPM is integral to automotive products, including paints, coatings, and cleaning agents, contributing to the overall quality and performance of these materials.
The primary driver of the market's expansion is the surging requirement for Dipropylene Glycol Monomethyl Ether within the Paints & Coatings sector. Dipropylene Glycol Monomethyl Ether (DPM) is used in the production of paints and coatings, offering valuable properties that enhance the performance of these products. As a solvent, DPM plays a crucial role in maintaining the stability and viscosity of paint formulations. Its excellent solvency allows for the effective dispersion of pigments and other additives, ensuring uniform coverage and color consistency in the finished coatings. DPM also contributes to the flow and leveling characteristics of paints, leading to smooth and even application on various surfaces. In the realm of coatings, including industrial coatings and surface finishes, DPM serves as a versatile solvent that aids in achieving the desired film properties. Its compatibility with different resin systems makes it a valuable component in coatings designed for diverse applications, from architectural paints to specialized industrial coatings. Additionally, DPM is known for its low volatility, which contributes to reduced emissions during application and drying processes. Additionally, the electronic industry's reliance on DPM for electronic material production further fuels demand. The formulation of cleaning products, where DPM serves as a crucial component, contributes to market growth, especially with the increasing emphasis on hygiene and cleanliness. Regulatory changes related to environmental standards and safety also impact the market landscape, requiring compliance adjustments. Ongoing innovation, research, and development efforts within the chemical industry contribute to the evolution of DPM applications, while global economic trends remain instrumental in determining overall market health and demand. The global Dipropylene Glycol Monomethyl Ether market is anticipated to reach nearly 127 thousand tonnes by 2032.
Based on region, Asia Pacific region is the biggest consumer of Dipropylene Glycol Monomethyl Ether. The Asia-Pacific region stands as a strategic powerhouse poised to dominate the Dipropylene Glycol Monomethyl Ether (DPM) market. Renowned as a global manufacturing hub, particularly in countries like China and India, the region leverages its robust industrial infrastructure and skilled workforce to produce and consume significant quantities of chemical compounds, including DPM. With thriving end-user industries such as paints and coatings, electronics, and cleaning products, driven by population growth and economic development, the demand for DPM remains consistently high. The region's sustained economic growth fuels industrial activities, establishing it as a key player in the global market. Ongoing strategic investments in research and development, coupled with favorable regulatory environments and efficient global supply chains, further enhance its competitive edge.
Based on the end-user industry, the global Dipropylene Glycol Monomethyl Ether market is divided into Paints & Coatings, Electronics, Chemical Additives, and Others. However, Paints & Coatings industry is the major segment and held approximately 48% of the global Dipropylene Glycol Monomethyl Ether market in 2022.
Major players in the Global Dipropylene Glycol Monomethyl Ether market are Jiangsu Dynamic Chemical, Dow Chemical, Monument Chemical, Eastman Chemicals, and others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Dipropylene Glycol Monomethyl Ether which covers production, demand and supply of Dipropylene Glycol Monomethyl Ether market in the globe.
• To analyse and forecast the market size of Dipropylene Glycol Monomethyl Ether
• To classify and forecast Global Dipropylene Glycol Monomethyl Ether market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Dipropylene Glycol Monomethyl Ether market in the globe.
To extract data for Global Dipropylene Glycol Monomethyl Ether market, primary research surveys were conducted with Dipropylene Glycol Monomethyl Ether manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Dipropylene Glycol Monomethyl Ether market over the coming years.
ChemAnalyst calculated Dipropylene Glycol Monomethyl Ether demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Dipropylene Glycol Monomethyl Ether. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Dipropylene Glycol Monomethyl Ether manufacturers and other stakeholders
• Organizations, forums and alliances related to Dipropylene Glycol Monomethyl Ether distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Dipropylene Glycol Monomethyl Ether manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Dipropylene Glycol Monomethyl Ether market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
92 thousand tonnes
Market size Volume in 2032
127 thousand tonnes
Growth Rate
CAGR of 3.2% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Paints & Coatings, Electronics, Chemical Additives, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
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What was the net market size of Dipropylene Glycol Monomethyl Ether in terms of volume in 2022?
Ans:
The global market size of Dipropylene Glycol Monomethyl Ether had reached approximately 92 thousand tonnes in 2022.
Q2.
Which region is the major consumer of Dipropylene Glycol Monomethyl Ether?
Ans:
Asia Pacific region is the leading consumer of Dipropylene Glycol Monomethyl Ether globally.
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