The global butyl glycol market size was worth around USD 920.4 million in 2023 and is predicted to grow to around USD 1,427.84 million by 2032 with a compound annual growth rate (CAGR) of roughly 5.00% between 2024 and 2032.
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Butyl glycol is a member of the glycol ether family and is hygroscopic, neutral, and colorless. It can be employed as a starting material in numerous chemical reactions as a solvent. For example, it is employed as a solvent for water-based pigments. It is also employed as a solvent in the ink and coating industry, as well as in varnish thinners. The demand for global butyl glycol market value is being accelerated by the growing number of water-based coatings that employ glycol ethers as a solvent. Nevertheless, the market’s expansion may be impeded by the growing apprehensions regarding the toxicity of butyl glycol.
The report encompasses the estimation and analysis of the global and regional butyl glycol market. The research provides a comprehensive assessment of the market, including emerging trends, opportunities, competitiveness, and industry-validated market numbers. The report includes substantial data from 2018 to 2022 and a revenue forecast from 2024 to 2032, based on USD million.
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The Global Butyl Glycol Market is segmented based on product, application and region
Global Butyl Glycol Market: Product Segment Analysis
● Solvent
● Coalescing Acid
● Chemical Intermediate
● Plasticizer
Global Butyl Glycol Market: Application Segment Analysis
● Paints and Coatings
● Printing Inks
● Metal Working Fluids
● Plastic & Polymer
● Others
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The Global Butyl Glycol market profiles key players such as:
● Sadara Chemical Company
● Anshika Polysurf Ltd.
● Nippon Nyukazai Co. Ltd.
● Lotte Chemical Corporation
● India Glycol Ltd.
● Sasol Ltd.
● LyondellBasell Industries N.V.
● Eastman Chemical Corporation
● Dow Chemical Company
● BASF SE
Recent advancements in the butyl glycol market
Expandions, investments, and the establishment of new production facilities are among the most recent developments by prominent participants in the global butyl glycol market. In July 2019, BASF SE disclosed its intention to expand its butylamine capacity in Nanjing, China. Additionally, in June, Eastman Chemical Company disclosed its intention to allocate over 65 million USD to the expansion of its manufacturing facility in Louisiana, United States. In May, Lotte Chemical also inaugurated a shale gas-based ethylene production facility in the United States.
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