Butyl Glycol Market, Global Outlook and Forecast 2024-2030
The global Butyl Glycol Market was valued at US$1,225 million in 2024 and is projected to reach US$1,725 million by 2030, at a CAGR of 5.9% during the forecast period.
Key Trends and Developments
Increased Demand in Construction and Coatings:
The construction sector's recovery post-COVID-19 has significantly boosted the demand for butyl glycol, particularly in waterborne coatings and paints. These applications benefit from butyl glycol's properties, such as improved drying time and excellent solvency.
For instance, the coatings segment held a significant market share in 2021 and is expected to grow at a CAGR of 3.4% through 2027, driven by rising residential and commercial construction projects globally.
Regulatory Changes:
A significant regulatory update in 2023 reclassified butyl glycol as "toxic by inhalation" within the European Union. This change has prompted manufacturers to explore safer alternatives and adapt their production processes to comply with stricter safety standards.
The reclassification is expected to impact demand in certain regions, particularly in Europe, where regulatory compliance is stringent.
Price Fluctuations:
In 2024, butyl glycol prices experienced volatility due to seasonal fluctuations, high inventory levels, and feedstock constraints. For example, prices in Saudi Arabia dropped to USD 1,440/MT in Q2 2024, reflecting these market dynamics.
Despite these fluctuations, the market is expected to stabilize as supply chains recover and demand grows in key sectors like agriculture and chemicals.
Sustainability Focus:
The growing emphasis on sustainability has led to increased interest in environmentally friendly alternatives to butyl glycol. For example, Kuraray's MMB (methyl methoxy butanol) is being promoted as a safer and more sustainable substitute.
The global key manufacturers of Butyl Glycol include Eastman Chemicals, LyondellBasell, BASF, Asia Pacific Petrochemicals, Dow Chemicals, Paras Dyes and Chemicals, Beijing East Guangming Chemical, Dow Corning and Parsidan Chemicals, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
This report aims to provide a comprehensive presentation of the global market for Butyl Glycol, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Butyl Glycol. This report contains market size and forecasts of Butyl Glycol in global, including the following market information:
We surveyed the Butyl Glycol manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Butyl Glycol Market, by Type, 2019-2023, 2024-2030 ($ Millions) & (K MT)
Global Butyl Glycol Market Segment Percentages, by Type, 2022 (%)
Global Butyl Glycol Market Segment Percentages, by Application, 2022 (%)
Global Butyl Glycol Market Segment Percentages, By Region and Country, 2022 (%)
The report also provides analysis of leading market participants including:
Chapter 1: Introduces the definition of Butyl Glycol, market overview.
Chapter 2: Global Butyl Glycol market size in revenue and volume.
Chapter 3: Detailed analysis of Butyl Glycol manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Butyl Glycol in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Butyl Glycol capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
Table of Content:
1 Introduction to Research & Analysis Reports
1.1 Butyl Glycol Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Butyl Glycol Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Butyl Glycol Overall Market Size
2.1 Global Butyl Glycol Market Size: 2022 VS 2030
2.2 Global Butyl Glycol Revenue, Prospects & Forecasts: 2018-2030
2.3 Global Butyl Glycol Sales: 2018-2030
3 Company Landscape
3.1 Top Butyl Glycol Players in Global Market
3.2 Top Global Butyl Glycol Companies Ranked by Revenue
3.3 Global Butyl Glycol Revenue by Companies
3.4 Global Butyl Glycol Sales by Companies
3.5 Global Butyl Glycol Price by Manufacturer (2018-2023)
3.6 Top 3 and Top 5 Butyl Glycol Companies in Global Market, by Revenue in 2022
3.7 Global Manufacturers Butyl Glycol Product Type
3.8 Tier 1, Tier 2 and Tier 3 Butyl Glycol Players in Global Market
3.8.1 List of Global Tier 1 Butyl Glycol Companies
3.8.2 List of Global Tier 2 and Tier 3 Butyl Glycol Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type - Global Butyl Glycol Market Size Markets, 2022 & 2030
4.1.2 E Series
4.1.3 P Series
4.2 By Type - Global Butyl
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