A new report published by Transparency Market Research anticipates that the global diethylene glycol monomethyl ether market will witness staggering growth during the forecast period i.e., 2018-2026 owing to the emergence of its wide-ranging applications across all industries.

The global diethylene glycol monomethyl ether market is witnessing technological advancements as companies are constantly striving to develop new and better methods to manufacture these chemicals. This coupled with the development of new processes for the manufacturing of diethylene glycol monomethyl ether is estimated to propel the market in the next few years.

Diethylene glycol monomethyl ether is a product derived from ethylene oxide and methanol. Chemically, it is also known as methyl glycol or 2-hydroxy-2-methoxy-diethyl ether. Commercially, it is known as methyl carbitol. Diethylene glycol monomethyl ether is a solvent, which is excellent for applications in various resins and pastes. It is a non-volatile solvent and hence, used only in special lacquer formulations. It is employed principally in nitrocellulose lacquers so as to improve characteristics of lacquers. It can be easily stabilized with the use of small quantities of additives such as 2, 6-ditert-butyl-4-methyl phenol.

Based on the applications, the diethylene glycol monomethyl ether market is segmented into solvents, de-icing additives, deactivators & stabilizers, coupling agents, and others. Out of these, the solvents segment dominates the market, owing to heavy use of diethylene glycol monomethyl ether as a solvent in various applications in developing economies such as India and China.

In terms of end-user industry, the diethylene glycol monomethyl ether market is split into paints & coatings, textile, petrochemicals, agriculture, and others. The paints & coatings segment dominates the market due to excellent properties of diethylene glycol monomethyl ether as a solvent in paint and coatings.

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