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) - Trends, Analysis and Forecast till 2034

Butyl Glycol Market was valued at USD 3.4 Billion in 2024 and is projected to grow at a CAGR of 9.00% to reach USD 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.

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 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:

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.

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.  

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.