All updated as on -
The size of the butyl glycol market was estimated at USD 3.18 billion in 2022 and is anticipated to rise to USD 4.19 billion by 2030, rising at a CAGR of 4.6% over the forecast period (2023-2030).
The butyl glycol market is expected to develop moderately despite impending environmental restrictions. It appears that occupational exposure to butyl glycol is having a detrimental effect as more data become available. However, the butyl glycol market is anticipated to have steady expansion due to the growing demand for paints and coating materials in developed and target countries, including the US. The industry will keep using the multiple butyl glycol applications because the demand is anticipated to soar over the next five years.
Unprecedented changes have been brought about in the chemical industry by the COVID-19 pandemic. Given that it works with the production and distribution of necessities including fertilizers, plastics, packaging materials, specialty chemicals, and other chemicals, the chemical industry is one of the most significant economic sectors. The chemical industry has been greatly impacted by COVID-19, which has also seriously affected the supply chains for raw materials and finished goods. Additionally, Covid-19 has significantly altered consumer spending habits, which has reduced the market for chemicals. The construction, automotive, and industrial sectors' abrupt collapse has been managed by the paints and coatings business.
The demand for butyl glycol to be utilized in the production of water-based paint and coatings is rising as the paint and coatings industry expands globally. The focus of major manufacturers is the creation of technology solutions that are specifically tailored to meet business needs. The availability of butyl glycol substitutes could further hamper the growth of the global butyl glycol market.
The use of strict government regulations and expensive raw materials can impede the global market for butyl glycol. Because it is hazardous, butyl glycol is included under Neath the Toxics Release Inventory (TRI). Long-term exposure to butyl glycol may also result in a number of chronic illnesses, including nausea, anorexia, anemia, and harmful reproductive problems. Short-term exposure may also result in pulmonary edema or necrosis. For the duration of the forecast period, it is anticipated that rising environmental safety developments, the production of high-quality and environmentally friendly products, advancing technology, and the reformulation of current products will restrain the global butyl glycol market.
Butyl glycol is expected to experience a slight fall in demand despite a significant increase in demand due to its detrimental effects on humans when exposed. Among industrial workers, chronic illnesses like nausea, renal damage, and liver damage have been noted. Regulators are also implementing changes to restrict the use and import of butyl glycol and its parent chemical in order to solve this issue. Throughout the course of the projection period, it is anticipated that the creation of high-quality, environmentally friendly products, rising technologies, and the reformulation of new products would all have a detrimental effect on the global butyl glycol market.
Instead of general product enhancement, the butyl glycol market is seeing a growth in product customization to fit the needs of specific applications. Butyl glycol is also a raw ingredient used to create a variety of products, including polyester fabric for garments, carpets, upholstery, pillows, and fiber glass. Additionally, these products are used in the manufacture of other products, such as polyethylene terephthalate. Most produced things are affordable and recyclable. These advantages make it a sustainable choice, which is driving up demand for butyl alcohol.
Report Coverage
Global Butyl Glycol research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Butyl Glycol report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Butyl Glycol competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Butyl Glycol market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Butyl Glycol market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Butyl Glycol market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BASF SE, Dow Chemical Company, LyondellBasell Industries Holdings BV, Eastman Chemical Company, Shell Chemicals LP, INEOS Group Limited, ExxonMobil Corporation, Sasol Limited, SABIC, LG Chem, China Petrochemical Corporation (Sinopec), Mitsui Chemicals, Inc., Solvay S.A., PPG Industries, Inc., Akzo Nobel N.V., Huntsman Corporation, Arkema S.A., Formosa Plastics Corporation, Reliance Industries Limited, LANXESS AG
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Butyl Glycol market based on the below-mentioned segments:
Global Butyl Glycol Market, By Type
Solvent
Coalescing Aid
Chemical Intermediate
Plasticizer
Global Butyl Glycol market, By Application
Paints
Coatings
Printing Inks
Metal Working Fluid
Polymer & Plastics
Others
Global Butyl Glycol market, Regional Analysis
The butyl glycol market is expected to develop moderately despite impending environmental restrictions. It appears that occupational exposure to butyl glycol is having a detrimental effect as more data become available. However, the butyl glycol market is anticipated to have steady expansion due to the growing demand for paints and coating materials in developed and target countries, including the US. The industry will keep using the multiple butyl glycol applications because the demand is anticipated to soar over the next five years.
Unprecedented changes have been brought about in the chemical industry by the COVID-19 pandemic. Given that it works with the production and distribution of necessities including fertilizers, plastics, packaging materials, specialty chemicals, and other chemicals, the chemical industry is one of the most significant economic sectors. The chemical industry has been greatly impacted by COVID-19, which has also seriously affected the supply chains for raw materials and finished goods. Additionally, Covid-19 has significantly altered consumer spending habits, which has reduced the market for chemicals. The construction, automotive, and industrial sectors' abrupt collapse has been managed by the paints and coatings business.
The demand for butyl glycol to be utilized in the production of water-based paint and coatings is rising as the paint and coatings industry expands globally. The focus of major manufacturers is the creation of technology solutions that are specifically tailored to meet business needs. The availability of butyl glycol substitutes could further hamper the growth of the global butyl glycol market.
The use of strict government regulations and expensive raw materials can impede the global market for butyl glycol. Because it is hazardous, butyl glycol is included under Neath the Toxics Release Inventory (TRI). Long-term exposure to butyl glycol may also result in a number of chronic illnesses, including nausea, anorexia, anemia, and harmful reproductive problems. Short-term exposure may also result in pulmonary edema or necrosis. For the duration of the forecast period, it is anticipated that rising environmental safety developments, the production of high-quality and environmentally friendly products, advancing technology, and the reformulation of current products will restrain the global butyl glycol market.
Butyl glycol is expected to experience a slight fall in demand despite a significant increase in demand due to its detrimental effects on humans when exposed. Among industrial workers, chronic illnesses like nausea, renal damage, and liver damage have been noted. Regulators are also implementing changes to restrict the use and import of butyl glycol and its parent chemical in order to solve this issue. Throughout the course of the projection period, it is anticipated that the creation of high-quality, environmentally friendly products, rising technologies, and the reformulation of new products would all have a detrimental effect on the global butyl glycol market.
Instead of general product enhancement, the butyl glycol market is seeing a growth in product customization to fit the needs of specific applications. Butyl glycol is also a raw ingredient used to create a variety of products, including polyester fabric for garments, carpets, upholstery, pillows, and fiber glass. Additionally, these products are used in the manufacture of other products, such as polyethylene terephthalate. Most produced things are affordable and recyclable. These advantages make it a sustainable choice, which is driving up demand for butyl alcohol.
Report Coverage
Global Butyl Glycol research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Butyl Glycol report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Butyl Glycol competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Butyl Glycol market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | BASF SE, Dow Chemical Company, LyondellBasell Industries Holdings BV, Eastman Chemical Company, Shell Chemicals LP, INEOS Group Limited, ExxonMobil Corporation, Sasol Limited, SABIC, LG Chem, China Petrochemical Corporation (Sinopec), Mitsui Chemicals, Inc., Solvay S.A., PPG Industries, Inc., Akzo Nobel N.V., Huntsman Corporation, Arkema S.A., Formosa Plastics Corporation, Reliance Industries Limited, LANXESS AG |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Butyl Glycol Market from 2021 to 2030.
- Market Forecast for Butyl Glycol Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Butyl Glycol competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Butyl Glycol
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Butyl Glycol market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Butyl Glycol market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BASF SE, Dow Chemical Company, LyondellBasell Industries Holdings BV, Eastman Chemical Company, Shell Chemicals LP, INEOS Group Limited, ExxonMobil Corporation, Sasol Limited, SABIC, LG Chem, China Petrochemical Corporation (Sinopec), Mitsui Chemicals, Inc., Solvay S.A., PPG Industries, Inc., Akzo Nobel N.V., Huntsman Corporation, Arkema S.A., Formosa Plastics Corporation, Reliance Industries Limited, LANXESS AG
Primary Target Market
- Market Players of Butyl Glycol
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Butyl Glycol market based on the below-mentioned segments:
Global Butyl Glycol Market, By Type
Solvent
Coalescing Aid
Chemical Intermediate
Plasticizer
Global Butyl Glycol market, By Application
Paints
Coatings
Printing Inks
Metal Working Fluid
Polymer & Plastics
Others
Global Butyl Glycol market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive butyl glycol market market research and competitor analysis for your business to help you develop more profound insights into the butyl glycol market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the butyl glycol market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.