What is the global market size of Butyl Glycol Market?

Butyl Glycol Market size was valued at USD 3.11 billion in 2021 and is poised to grow from USD 3.23 billion in 2022 to USD 4.14 billion by 2030, growing at a CAGR of 3.6% in the forecast period (2023-2030).

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.

Butyl Glycol Market Report Snapshots

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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. '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 '

Rise in call for paints to pressure worldwide butyl glycol market

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.

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.

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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

Butyl Glycol Market Insights

Butyl Glycol Market Report Snapshots

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