USD 3.12 billion
Butyl Glycol Market Size, Share, Growth Analysis, By Function (Solvent, Coalescing Aid), By Application (Paints and Coatings, Printing Inks), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2108 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
67
|Figures:
75
Butyl Glycol Market Insights
Global Butyl Glycol Market size was valued at USD 3.12 billion in 2022 and is poised to grow from USD 3.23 billion in 2023 to USD 4.29 billion by 2031, growing at a CAGR of 3.6% during the forecast period (2024-2031).
Despite restrictive environmental changes in the near future, a moderate growth in the butyl glycol market is predicted. As more evidence becomes available, it seems as though butyl glycol exposure is having a negative impact on occupations. However, given the rising demand for paints and coating materials in developed and target nations, including the US, the butyl glycol market is expected to see stable growth. The industry will continue to use the numerous butyl glycol applications, since demand is expected to increase dramatically over the following five years.
US Butyl Glycol Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Solvent
Fastest Growth
Solvent
Growth Rate
3.6% CAGR
Global Butyl Glycol Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Butyl Glycol Market Segmental Analysis
Global Butyl Glycol Market is segmented by function, application and region. Based on function, the market is segmented into solvent, coalescing aid, chemical intermediate and plasticizer. Based on application, the market is segmented into paints and coatings, printing inks, metal working fluid, polymer & plastics and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Butyl Glycol Market Analysis by Function
The global butyl glycol market is divided into solvent, coalescing aid, chemical intermediate, and plasticizers based on function. The solvent segment is anticipated to develop at a strong CAGR during the assessment period. The market demand for butyl glycol is being driven by an increase in its use as a solvent in the manufacturing of disinfectants, rust removers, and other household and industrial cleaning products. A second factor supporting the segment's rise is the soaring need for high miscibility solvents across the quickly growing agriculture pesticide industry.
Butyl Glycol Market Analysis by Application
Industrial Application section has been the number one market for butyl glycol for decades at significant CAGR rate. By performing as a chemical precursor withinside the formation of butyl glycol acetate, the printing enterprise harnesses butyl glycol as a solvent for strong point printing inks and ball factor pen pastes. Butyl glycol serves as a coupling agent for gravure, silk screen, and flexographic printing resins and dyes in water-borne inks. It reverses the evaporation fee of the inks and, via way of means of countering floor tension, improves wettability. Furthermore, butyl glycol’s excessive solvency gives proper viscosity manipulate for first-class impressions and decreased ink clogging at the screen. Because of the presence of each polar and non-polar results in its molecule, butyl glycol unearths its use withinside the commercial and home vertical as a cleansing answer component, that may get rid of polar and non-polar substances which includes greases and oils. Moreover, butyl glycol is included into fracking answers for hydraulic fracturing to save you congealing in petroleum oil fields because of its surfactant properties.
Global Butyl Glycol Market By Function, 2021 (%)
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Butyl Glycol Market Regional Insights
North America held the largest global Butyl Glycol Market share. North America has been a distinguished producer and end-person of butyl glycol over the previous couple of years. The U.S. held a prime proportion of the butyl glycol market in North America.
The butyl glycol market in Asia Pacific is envisioned to sign in the most increase fee in the course of the forecast period. The market in international locations consisting of China, India, and Indonesia is envisioned to increase at a excessive fee in the course of the forecast period. Rising industrialization and improvement of infrastructure are key elements riding the market withinside the region. Developing international locations with low- and middle-earnings human beings use cleansing answers with butyl glycol for residence cleansing applications. Germany is projected to represent a prime proportion of the butyl glycol market in Europe in the course of the forecast period
Global Butyl Glycol Market By Geography, 2021-2028
- Largest
- Fastest
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Butyl Glycol Market Dynamics
Butyl Glycol Market Driver
- Rise in call for paints to pressure worldwide butyl glycol market
The increase of the worldwide paint & coatings enterprise is growing the call for butyl glycol to be used in water-primarily based totally paint and coating manufacturing. The improvement of custom designed technological answers primarily based totally on commercial necessities is the point of interest of main manufacturers. The availability of butyl glycol replacements might also additionally bog down the worldwide butyl glycol market.
The worldwide market for butyl glycol can be hindered with the aid of using stringent authorities’ rules and risky uncooked fabric prices. Butyl glycol is, due to its poisonous nature, indexed beneath Neath the Toxics Release Inventory (TRI). Short-time period butyl glycol publicity might also additionally cause pulmonary edoema or necrosis, while long-time period publicity might also additionally cause numerous persistent conditions, such as nausea, anorexia, anaemia, and detrimental reproductive disorders. Increasing developments in environmental safety, the manufacture of excellent and environmentally pleasant merchandise, upcoming technology and the reformulation of recent merchandise are projected to limitation the worldwide market for butyl glycol for the duration of the forecast period.
Butyl Glycol Market Restraint
- Due to its harmful effects on humans when exposed, butyl glycol is anticipated to witness a minor decline in demand despite great expansion in demand. Chronic ailments include nausea, kidney impairment, and liver damage have been recorded in industrial employees. In order to address this problem, regulators are also enacting modifications that limit the usage and import of butyl glycol and its parent chemical. The development of high-quality, environmentally friendly products, emerging technology, and the reformulation of new products are all predicted to have a negative impact on the worldwide butyl glycol market throughout the course of the forecast period.
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Butyl Glycol Market Competitive Landscape
Players in the butyl glycol market can deal with this unpredictability while still meeting the short-term needs of the industry by clearly revising their product portfolio and developing a clear long-term strategy using scenario planning. The winning approaches in the butyl glycol market of the future involve investing in innovation, spotting potential uses, and creating sound business models to provide continuous growth. Leading producers in the worldwide butyl glycol market are working to increase their production capacity to satisfy the soaring demand for butyl glycol by pursuing tactics like acquisitions, mergers, collaborations, and strategic partnerships.
Butyl Glycol Market Top Player's Company Profiles
- Sadara Chemical Company
- Anshika Polysurf Ltd.
- Nippon Nyukazai Co. Ltd.
- Lotte Chemical Corporation
- Sasol Ltd.
- Lyondell Basell Industries N.V.
- Eastman Chemical Corporation
- Asia Pacific Petrochemicals Co. Ltd
- Dow Chemical Company
- BASF SE
Butyl Glycol Market Recent Developments
- In June 2022, Sadara Chemical Co., a joint project via way of means of Saudi Aramco and the Dow Chemical Co., has introduced the overall operation of its ethylene oxide and propylene oxide pipeline transportation system.
- In June 2022, according to the South Korean Yonhap News Agency, Lotte Chemical Corp. revealed it is exploring building an electrolyte solvent factory in the Lake Charles region to support its battery components business.
Butyl Glycol Key Market Trends
- The market for butyl glycol is seeing an increase in the customization of products to meet the needs of particular applications rather than general product improvement. Further, one of the raw materials used to make a wide range of items, such as polyester fabric for clothing, carpets, upholstery, pillows, and fibre glass, is butyl glycol. These goods are also utilised in the production of other goods, including polyethylene terephthalate. The majority of manufactured goods are recyclable and economical. Because of these qualities, it is a sustainable option, which is fueling a rise in demand for butyl alcohol.
Butyl Glycol Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our butyl glycol market analysis, the market is anticipated to have steady expansion due to the increased demand for paints and coating materials in developed and target countries, like the US. A growth in its use as a solvent in the production of disinfectants, rust removers, and other household and industrial cleaning goods is what is driving the market demand for butyl glycol. The rapidly expanding agriculture pesticide industry's enormous demand for high miscibility solvents is another reason driving the segment's growth.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 3.12 billion |
| Market size value in 2031 | USD 4.29 billion |
| Growth Rate | 3.6% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Butyl Glycol Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Butyl Glycol Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Butyl Glycol Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Butyl Glycol Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Butyl Glycol Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Butyl Glycol Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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