The Global 2-Ethoxyethanol Market was valued at USD 2.18 Billion in 2024 and is projected to reach USD 2.84 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.1% during the forecast period (2024–2030). This growth is being driven by increasing demand from the paints and coatings industry, rising consumption in electronics manufacturing, and the expanding use of 2-ethoxyethanol as a versatile solvent and coupling agent across multiple industrial sectors.

As global manufacturing and industrial activities intensify, the need for high-performance solvents like 2-ethoxyethanol, known for its effectiveness in dissolving oils, resins, and lacquers, is escalating. In this blog, we profile the Top 10 Companies in the 2-Ethoxyethanol Industry—a mix of chemical giants, specialty manufacturers, and regional leaders shaping the supply and innovation landscape for this essential chemical.

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🔟 1. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: Industrial and Reagent Grade 2-Ethoxyethanol (Ethylene Glycol Monoethyl Ether)

Dow is a global leader in the production of ethylene oxide derivatives, including 2-ethoxyethanol. The company’s extensive manufacturing infrastructure and strong R&D focus allow it to supply high-purity grades for demanding applications in coatings, cleaners, and electronics.

Innovation and Sustainability Initiatives:

• Investment in production process optimization for higher yield and purity
• Development of closed-loop systems to minimize environmental impact
• Commitment to responsible care and product stewardship programs

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9️⃣ 2. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: High-Purity 2-Ethoxyethanol for Industrial and Electronic Applications

BASF is a key European supplier of 2-ethoxyethanol, leveraging its integrated petrochemicals value chain. The company serves a diverse customer base, from automotive paint formulators to industrial cleaning product manufacturers.

Innovation and Sustainability Initiatives:

• Focus on producing solvents with lower VOC (Volatile Organic Compound) profiles where possible
• Strategic partnerships with downstream formulators for application-specific solutions

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8️⃣ 3. LyondellBasell Industries N.V.

Headquarters: Houston, Texas, USA / Rotterdam, Netherlands
Key Offering: 2-Ethoxyethanol, OXSOFT™ EE (Ethoxyethanol)

As one of the world’s largest plastics, chemicals, and refining companies, LyondellBasell is a major producer of ethylene oxide and its derivatives. Their 2-ethoxyethanol is a critical component in their extensive oxy-alcohols product portfolio.

Innovation and Sustainability Initiatives:

• Advanced catalyst technologies for efficient ethylene oxide production
• Global supply chain ensuring reliable delivery to key markets

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7️⃣ 4. INEOS Oxide

Headquarters: Rolle, Switzerland
Key Offering: Ethoxyethanol (EGE) for solvents and chemical intermediates

INEOS Oxide is a leading European producer of ethylene and propylene oxide derivatives. The company operates large-scale production facilities and has a strong market presence, particularly in Europe and Asia.

Innovation and Sustainability Initiatives:

• Continuous improvement of manufacturing efficiency and safety standards
• Development of customized solvent blends for specific industrial applications

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6️⃣ 5. Shell Chemicals

Headquarters: London, United Kingdom
Key Offering: 2-Ethoxyethanol for industrial solvents and chemical synthesis

Shell Chemicals produces 2-ethoxyethanol as part of its broader oxygenated solvents portfolio. The company’s global reach and strong upstream integration provide a competitive advantage in feedstock sourcing.

Innovation and Sustainability Initiatives:

• Research into bio-based routes for glycol ether production
• Focus on circular economy principles in chemical manufacturing

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5️⃣ 6. SABIC (Saudi Basic Industries Corporation)

Headquarters: Riyadh, Saudi Arabia
Key Offering: 2-Ethoxyethanol and other glycol ethers

SABIC is a major global player in the chemicals industry, with significant production capacity for ethylene oxide and its derivatives. The company’s strategic location in the Middle East provides access to cost-advantaged feedstock.

Innovation and Sustainability Initiatives:

• Expansion of specialty chemicals portfolio
• Investment in technologies to reduce carbon footprint of chemical production

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4️⃣ 7. Nippon Shokubai Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: High-Purity 2-Ethoxyethanol for Electronics and Specialty Applications

Nippon Shokubai is a leading Japanese chemical company with expertise in ethylene oxide derivatives. The company is particularly strong in supplying high-purity grades for the electronics industry in the Asia-Pacific region.

Innovation and Sustainability Initiatives:

• Development of ultra-high-purity grades for semiconductor manufacturing
• Focus on environmentally friendly production processes

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3️⃣ 8. India Glycols Limited

Headquarters: Noida, Uttar Pradesh, India
Key Offering: Ethoxyethanol and other glycol ethers

India Glycols is a significant producer of green chemistry-based glycols and a key player in the Asian 2-ethoxyethanol market. The company has a strong focus on bio-based ethylene glycol production, which feeds into its derivative products.

Innovation and Sustainability Initiatives:

• Pioneering bio-route for glycol production from renewable resources
• Expansion of derivative product portfolio to serve growing domestic demand

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2️⃣ 9. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: Specialty and Industrial Grade 2-Ethoxyethanol

Mitsubishi Chemical offers a range of ethylene oxide derivatives, including 2-ethoxyethanol, through its extensive petrochemical operations. The company serves diverse industries with a focus on quality and technical support.

Innovation and Sustainability Initiatives:

• Integration of digital technologies for production optimization
• Commitment to achieving carbon neutrality by 2050

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1️⃣ 10. Recochem Inc.

Headquarters: Montreal, Canada
Key Offering: 2-Ethoxyethanol for Automotive and Industrial Applications

Recochem is a leading North American supplier of chemicals, including 2-ethoxyethanol, with a strong presence in the automotive and industrial sectors. The company specializes in distribution and blending of chemical products.

Innovation and Sustainability Initiatives:

• Development of specialized solvent blends for automotive and aerospace industries
• Focus on safe handling and transportation of chemical products

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2-Ethoxyethanol Market – View in Detailed Research Report

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🌍 Outlook: The Future of 2-Ethoxyethanol is Driven by Specialization and Sustainability

The 2-ethoxyethanol market is experiencing a significant transformation. While traditional industrial applications continue to drive volume, the industry is increasingly focused on high-purity specialty grades and sustainable production methods to meet evolving regulatory and customer demands.

📈 Key Trends Shaping the Market:

• Growing demand for ultra-high-purity grades in electronics and pharmaceutical applications
• Increasing regulatory scrutiny leading to investments in safer handling and emission control technologies
• Shift towards bio-based production pathways for glycol ethers
• Consolidation among manufacturers to achieve economies of scale and broader geographic reach

The companies listed above are not only supplying a critical industrial solvent—they’re driving innovation and sustainability in the global chemical industry.

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2-Ethoxyethanol Market – View in Detailed Research Report