Global Butyl Glycol Market Size to Grow at a CAGR of 3.92% during the forecast period until 2035

NEW YORK - Nov. 16, 2022 - PRLog -- According to ChemAnalyst report, "Global Butyl Glycol Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2035", The Butyl Glycol market is expected to expand and reach approximately 1400 thousand tonnes in 2035 at an expected CAGR of 3.92% in the forecast period.  The Butyl Glycol market is anticipated to expand throughout the projected period with high demand from Paints Coatings & Inks, Intermediate Chemicals, Detergent, Lubricants, and others end-use industries.

Butyl Glycol is a clear liquid synthesized from the reaction of ethylene oxide with an alcohol such as butanol in the presence of a catalyst. This reaction is known as the ethoxylation reaction. Butyl Glycol is miscible with water and other solvents owning up to its application as an industrial solvent. Butyl Glycol has low volatility making it a perfect solvent for the paint industry. Other uses of Butyl Glycol include inks, cleaners, resins, lubricants, drilling and cutting oil, liquid soaps, degreasers, leather protectors, whiteboard cleansers, printing pastes, production of butyl glycol acetate, use as a precursor for producing plasticizers, and more. Butyl Glycol is an important chemical used to synthesize various compounds like acetates, and alcoholates, by undergoing reactions like esterification and oxidation.

Read Full Report Here: https://www.chemanalyst.com/industry-report/butyl-glycol-market-694

The primary driver behind the expansion of the Butyl Glycol market is paints and inks. The excellent miscibility of Butyl Glycol with water and other synthetic chemicals makes it good ingredients in paints, inks, and coatings. In 2021, the Paints, Coatings & Inks industry consumed about 50% of the total Butyl Glycol, and in the future, it is anticipated to dominate the market in the forecast period due to growing industrialization. With the industrialization, the demands for painting and coating of household items, vehicles, automotive body and more will rise in the forecast period. Additionally, the expansion of the Butyl Glycol market is expected to rise due to growing demand for plasticizers and acetates in the forecast period. In addition, the lubricant industry is expected to contribute to the growing Butyl Glycol demand in the forecast period.

Major Players are Dow Chemical Company, Sadara Chemical Company, BASF SE, Sasol Ltd, Ineos oxide, Lyondell basell, PETRONAS Chemicals, and others.