Butyl Glycol Market is set for a Rapid Growth and is Expected to Reach USD 1018 Million by 2026

Zion Market Research has published a new report titled “Butyl Glycol Market: by Function (Solvent, Coalescing Acid, Chemical Intermediate, and Plasticizer) and by Application (Paints and Coatings, Printing Inks, Metal Working Fluids, Plastic & Polymer, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2026.” According to the report, the Butyl Glycol market accounted for USD 793 Million in 2018 and is expected to reach USD 1018 Billion by 2026, growing at a CAGR of around 2.86% between 2019 and 2026.

Glycol ethers originated to be used in the early 1930s and some have been in general use for nearly 45-50 years. Butyl glycol ether is extensively used in the surface coatings industry as a solvent, a property regulator coalesce, a flow improver in water-based paints, and viscosity improver for alkyd resins. It can be applied in industrial cleaners, printing inks, household, hydraulic fluids, and cosmetics, agricultural formulations and cutting oils. Butyl glycol forms a varied family of more than 30 solvents that commonly dissolve in both water and oil. Conventionally, a distinction is made between two main groups of glycol ethers: the E series and the P series, which derive from the name of the chemical substance that serves as a starting point for their production (ethylene and propylene, respectively). In each series, different derivatives have been developed to provide the properties of solubility, volatility, compatibility and inflammability that are required for different uses.

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On the basis of function, the butyl glycol market has into a solvent, chemical intermediate, coalescing acid, and plasticizer. The solvent segment is anticipated to dominate the market share over the horizon. The printing industry is combining butyl glycol, which acts as a chemical intermediate in the formation of butyl glycol acetate as a solvent for specialty printing inks and ballpoint pen pastes. The compound also serves as a coupling agent for resins and dyes in water-based inks for flexographic printing, gravure, and silkscreen. Butyl glycol reverses the evaporation rate of the inks and also enhances wettability by countering surface tension. Additionally, the high solvency of the compound offers good control over viscosity for quality impressions and lowered ink clogging in the screen. Dyes and printing inks utilize butyl glycol as a primary solvent in solvent-based printing inks. As this compound is widely used as a solvent in many verticals, rising demand for solvents is anticipated to drive the butyl glycol market.

In terms of application, the global butyl glycol market is classified into metalworking fluids, paints and coatings, plastic & polymer printing inks, and others. In the global butyl glycol market, paints and coatings segment is expected to dominate for the largest market share over the forecast period. Butyl glycol is moderately used in the paints & coatings industry owing to its more effective nature in drying applications. Moreover, increasing construction activities and residential buildings have propelled the demand for paints and coatings, which further caters to the demand for butyl glycol.

Some key players in operating in the butyl glycol market are 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, and BASF SE. This report segments the global butyl glycol market as follows:

Global Butyl GlycolMarket: Function Segment Analysis

• Solvent
• Coalescing Acid
• Chemical Intermediate
• Plasticizer

Global Butyl GlycolMarket: Application Segment Analysis

• Paints and Coatings
• Printing Inks
• Metal Working Fluids
• Plastic & Polymer
• Others

Global Butyl GlycolMarket: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa

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