PUBLISHER: Value Market Research | PRODUCT CODE: 1542610
PUBLISHER: Value Market Research | PRODUCT CODE: 1542610
The global demand for Butyl Glycol Market is presumed to reach the market size of nearly USD 1544.56 Million by 2032 from USD 944.25 Million in 2023 with a CAGR of 5.62% under the study period 2024-2032.
Butyl Glycol is also known as BG, 2-butoxyethanol, glycol monobutyl ether and ethylene glycol monobutyl ether. It's a clear, colorless, oily liquid with a mild odor. The molecular formula of Butyl Glycol is C6H14O2, and it is miscible with water and with common organic compounds. It serves as a humectant to hydrate the skin and therefore used as a skin conditioner is cosmetics and also used as a solvent in printing inks and textile dyes.
The growing cosmetics industry coupled with increasing awareness of beauty products because of aggressive advertising is driving the market growth. Increasing usage in paints and coating solutions for decorative purposes in construction and residential projects is again accelerating the market growth. However, short-term exposure to butyl glycol leads to illnesses such as necrosis, and pulmonary edema and long-term exposure may cause chronic diseases such as anorexia, nausea, and anemia is expected to limit the market growth. Whereas, rising investment in the manufacturing sector in emerging economies is likely to provide potential opportunities over the forecast period.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Butyl Glycol. The growth and trends of Butyl Glycol industry provide a holistic approach to this study.
This section of the Butyl Glycol market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Butyl Glycol market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Butyl Glycol market include Sadara Chemical Company, Anshika Polysurf Ltd., Nippon Nyukazai Co. Ltd., Lotte Chemical Corporation, India Glycol Ltd., Sasol Ltd., LyondellBasell Industries N.V., Eastman Chemical Corporation, Dow Chemical Company, BASF SE. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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