[FURL=https://www.industryarc.com/Report/15663/butyl-glycol-market.html]Butyl Glycol Market[/FURL] size is forecast to reach $1.9 Million by 2025, after growing at a CAGR of 3.5% during 2020-2025. The butyl glycol market is anticipated to see a moderate growth despite tight environmental amendments over the near timeframe. Growing information about the adverse procedural events upon continuous exposure to butyl glycol is appearing to decline its jobs. The butyl glycol market, however, is set to represent steady progress against the backdrop of increasing demands for Paints and coating materials across developed countries and target countries, including the US.Key Takeaways
Due to their comparatively lower toxicity and higher evaporation rate, the black listing of e-series glycol ethers by environmental protection agencies in countries like the US and Europe is forcing leading market players to expand the production of p-series glycol ethers. In addition, acquisitions and strategic partnerships are being entered into by new and mature stakeholders to launch polypropylene compounding plants in target countries.
Because of the presence of both the polar and non-polar ends of its molecule, butyl glycol finds its application in the industrial and residential vertical as a cleaning solution product, which can dissolve polar and non-polar materials such as greases and oils.
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Butyl Glycol Market Segment Analysis - Geography
APAC dominated the butyl glycol market share with more than 42.9%, followed by North America and Europe. Over the forecast period, East Asia is estimated to lead the global market for butyl glycol. In countries such as China and India, the quest for highly brush able coatings and coating solutions in construction and residential projects for decorative purposes is intensifying. Low- and middle-income demographics (LMIC) use cleaning solutions containing butyl glycol for household purposes. In addition, China is currently the world's leading producer and consumer of chemicals, making it the nucleus of lucrative butyl glycol market opportunities.
Butyl Glycol Market Drivers
Rise in demand for paints to drive global butyl glycol market
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Butyl Glycol Market. In 2019, the market of butyl glycol has been consolidated by the top five players accounting for xx% of the share. Major players in the Butyl Glycol Market are Eastman Chemicals, LyondellBasell, BASF, Asia Pacific Petrochemicals, Dow Chemicals, Paras Dyes and Chemicals, Beijing East Guangming Chemical, Qingdao San lianxiang Chemical, Parsidan Chemicals, Solvent Ltd, LOTTE CHEMICAL, INEOS, Dow Corning, among others.
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