Butyl glycol is a colourless, hygroscopic, neutral, high-boiling, low-volatility liquid with a mild odour that is used as a solvent and starting material for many reactions. It is also used as a solvent for water-based paints. Butyl glycol belongs to the family of glycol ethers and has the ability to stabilize volatile compounds such as flavors and fragrances. The growth of water-based coatings that use glycol ethers has been one of the the major factor driving the growth of the butyl glycol market. Applications of Butyl glycol is used as a solvent in ink and coating industry and as a solvent in lacquer thinners. Butyl glycol is a low volatility solvent, thus it has the properties to extend the drying time of coatings and to increase their flow properties. It improves the brushability of certain paints and reduces their viscosity along with improvement in the flow of urea and melamine.
This report identifies the global Butyl Glycol market size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to global Butyl Glycol market.
Geographically North America is the largest producer of butyl glycol. Rising population and government’s support for industrialization in developing countries of Asia Pacific are estimated to drive the growth in this region. Asia-Pacific is estimated to witness the highest growth during the forecast period and to hold the highest share in butyl glycol market.
This report segments Butyl Glycol market on the basis of components, vehicle type, and regional market as follows:
- Butyl Glycol Market, by Application: Skin Care, Eye Care, Hair Products, Food & Beverage and Industrial Application
- This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region.
This report identifies all the major companies operating in the Butyl Glycol market. Some of the major companies’ profiles in detail are as follows:
- Eastman Chemicals Co
- BASF AG
- Asia Pacific Petrochemicals Co Ltd
- Dow Chemicals