Butyl Glycol Market to Reach USD 1226.28 Mn by 2029, emerging at a CAGR of 5 percent and forecast 2023-2029

Butyl glycol, often known as 2-butoxyethanol, is an enjoyable ether-like chemical compound. Other names for it include butyl ether and ethylene glycol. It is a low-cost, non-flammable substance that is utilized in a wide range of industrial and domestic applications. The chemical has limited surface-active properties and can potentially be used as a solvent due to its non-volatile nature and low cost.

Butyl Glycol Market Overview: 

Butyl Glycol Market Research Report investigated the current status of definitions, classifications, applications, and the industrial chain structure. The research provides impartial professional commentary on the present market state, prior market performance, production and

consumption rates, demand and supply ratios, and forecast income generation predictions. The Butyl Glycol market study also includes information on the leading businesses participating in the Butyl Glycol sector strategic goals and company growth objectives. Mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand marketing, and product launches are among the tactics considered in the research. To summarise what has previously been said, the study provides a comprehensive picture of the Butyl Glycol sector in both global and regional markets.

Butyl Glycol Market Size was valued at US$ 871 Mn. in 2022. Global Butyl Glycol Market size is estimated to grow at a CAGR of 5% over the forecast period.

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COVID-19 Impact on Butyl Glycol market:

The COVID-19 epidemic has had a significant impact on the global Butyl Glycol industry. Butyl Glycol Production facilities have been halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led in a significant and extended drop in production utilisation, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Butyl Glycol market to decelerate in 2020. The negative impact of COVID-19 on the Butyl Glycol market, on the other hand, is expected to be brief, and the sector is expected to revive fast by early 2021, owing to robust demand for Butyl Glycol .

Butyl Glycol Market Drivers:

Butyl Glycol is a raw material used to make a variety of items, including polyester fibers for garments, carpets, upholstery, pillows, and fiberglass. These materials are also used in the manufacture of polyethylene terephthalate and other products. The vast majority of things manufactured are recyclable and cost-effective. Because of these properties, it is a long-term choice, resulting in increased demand for butyl glycol.



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Butyl Glycol Market Segmentation: 

by Application

Chemical Intermediate
by End-User

Paints and Coatings
Printing Inks
Electrical and Electronics

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Key Players:

The study includes a thorough examination of the Butyl Glycol market and presence in various industries and countries. By doing a detailed geographical examination of the industry, the research analyst hopes to uncover hidden development potential that may be used by firms in various regions of the world. Butyl Glycol Market research gives precise information that helps market participants to compete successfully with their most important competitors in terms of growth, sales, and other critical factors. Significant market components such as market Drivers and obstacles are distinguished from critical development prospects and industry trends in the research study.
1. Anshika Polysurf Ltd. (India)
2. Nippon Nyukazai Co. Ltd. (Japan)
3. Sasol Ltd. (South Africa)
4. Lyondell Basell Industries N.V. (Netherlands)
5. Eastman Chemical Corporation (U.S.)
6. Asia Pacific Petrochemicals Co Ltd (Thailand)
7. Dow Chemical Company (U.S.)
8. BASF SE (Germany)
9. INEOS (U.K)
10. Solventis Ltd (U.K.)
11. Lotte Chemical Corporation
12. KH Chemicals
13. Paras Dyes and Chemicals (India)
14. Beijing East Guangming Chemical (China)
15. Qingdao San lianxiang Chemical (China)

Regional Analysis:

The region section of the research additionally covers important market influencing factors and changes in market regulation that have an influence on the market present and future trends. Some of the primary elements utilized to analyse the market scenario for various locales are new sales, replacement sales, national demography, regulatory activities, and import-export tariffs. Furthermore, while offering forecast analysis of national data, the existence and availability of global brands, as well as the challenges they face owing to strong or weak competition from local and domestic brands, as well as the impact of sales channels, are considered.

Key Questions Answered in the Butyl Glycol Market Report are: 

  • What is Butyl Glycol ?
  • What is the expected CAGR of the Butyl Glycol market during the forecast period?
  • Which region held the largest Butyl Glycol market share in 2022? 
  • What are the major drivers of the Butyl Glycol Market?
  • What are the Butyl Glycol Market segments?
  • What factors are expected to challenge the market growth during the forecast period?

Key Offerings:

  • A detailed market overview
  • Market Share, Size & Forecast by Revenue | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by segments and sub-segments
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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