Butyl Glycol Market, By Function (Chemical Intermediate, Solvent, Coalescing Aid, and Plasticizer), By Application (Metal Working Fluid, Paints & Coating, Printing Inks, Polymers & Plastics, and Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI518923 | Publish Date: March 2024 | No. of Pages: 170

Butyl Glycol Market Overview

Butyl Glycol Market was valued at US$ 3.4 Billion in 2024 and is projected to grow at a CAGR of 9.00% to reach US$ 7.5 Billion by 2034.

Butyl glycol, also known as 2-butoxyethanol, is a chemical compound belonging to the glycol ether family. It is a versatile solvent with a wide range of industrial and household applications. It consists of a butyl group (a four-carbon alkyl chain) and an ethylene glycol chain, with an ether linkage in between.

Butyl Glycol Market Dynamics

Increasing Industrialization

The market for butyl glycol may be significantly impacted by growing industrialization. Butyl glycol and other chemicals are frequently in greater demand as companies develop and grow. Increased manufacturing and production activity follow modernization. Butyl glycol is employed in a number of industrial processes, such as the synthesis of chemicals as a solvent and paints and coatings as a coalescing agent. Butyl glycol usage may increase as a result of the increased demand for these procedures.

Restrains:

If butyl glycol is swallowed, breathed, or comes into contact with the skin or eyes, it may be dangerous. Numerous health problems, such as discomfort, respiratory troubles, and more serious consequences at higher exposure levels, might result from it. Breathing in fumes of butyl glycol can cause respiratory issues, such as inflammation of the throat and lungs. Serious health concerns might arise from prolonged exposure to these pollutants.     

Butyl Glycol Market Segmentation

Butyl Glycol Market is segmented based on Component, Installation Type, Connection, Power Rating and Region.

  • Function Insight

On the basis of Function, Butyl Glycol Market is segmented into Chemical Intermediate, Solvent, Coalescing Aid, and Plasticizer.

  • Application Insights

On the basis of Application, Butyl Glycol Market is segmented into Metal Working Fluid, Paints & Coating, Printing Inks, Polymers & Plastics, and Others.

  • Butyl Glycol Market Regional Insights:

On region the Butyl Glycol Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

  • North America market is estimated to witness a significantly high revenue share over the forecast period due to rising investment and funding. Strong industrial activity, particularly in the US, drives the butyl glycol market in North America. Butyl glycol is required for paints, coatings, and adhesives, and this need is influenced by the construction and automobile industries.      
  • Asia Pacific market is estimated to witness a fastest revenue share over the forecast period. The butyl glycol market is expanding rapidly as a result of the fast industrialization of the Asia-Pacific region, especially China and India.   

Butyl Glycol Market  Report Scope:

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Function - Chemical Intermediate, Solvent, Coalescing Aid, and Plasticizer

By Application - Metal Working Fluid, Paints & Coating, Printing Inks, Polymers & Plastics, and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.

Butyl Glycol Market Key Players

The key players operating the Butyl Glycol Market includes, Sasol Ltd., BASF SE, Nippon Nyukazai Co. Ltd., Eastman Chemical Corporation, Sadara Chemical Company, KH Chemicals, Dow Chemical Company, Lyondell Basell Industries N.V., Asia Pacific Petrochemicals Co. Ltd., and Anshika Polsurf Ltd.  

Butyl Glycol Market Key Issues Addressed

The New Launched Product News,

  • In July 2023, INEOS brand-new Propylene Glycol n-Butyl Ethers (PnBs) in Antwerp, following a significant investment at its Antwerp site. Due to their exceptional physical characteristics, PnBs are widely used in a variety of industries. PnBs are used by stakeholders in the building, automotive, and broader industrial sectors, although they are most commonly used by the industrial coating and cleaning businesses.

Butyl Glycol Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Function
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Market Segmentation, By Function, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Chemical Intermediate
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Solvent
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Coalescing Aid
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Plasticizer
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Metal Working Fluid  
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Paints & Coating
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Printing Inks
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Polymers & Plastics
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Function, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Function, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Function, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Function, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Function, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  2. Company Profiles
  • Sasol Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • BASF SE
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Nippon Nyukazai Co. Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Eastman Chemical Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Sadara Chemical Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • KH Chemicals
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Dow Chemical Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Lyondell Basell Industries N.V.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Asia Pacific Petrochemicals Co. Ltd.   
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Anshika Polsurf Ltd.   
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Butyl Glycol Market is segmented into Function, Application and Region.

Butyl Glycol Market is driven by factors like increasing industrialization.

The key players operating the Butyl Glycol Market includes Sasol Ltd., BASF SE, Nippon Nyukazai Co. Ltd., Eastman Chemical Corporation, Sadara Chemical Company, KH Chemicals, Dow Chemical Company, Lyondell Basell Industries N.V., Asia Pacific Petrochemicals Co. Ltd., and Anshika Polsurf Ltd.

Butyl Glycol Market was valued at US$ 3.4 Billion in 2024 and is projected to grow at a CAGR of 9.00% to reach US$ 7.5 Billion by 2034.