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Butyl glycol Market Analysis- Industry Specific Opportunities and Trends Affecting the Growth
Global Butyl glycol report from Global Insight Services is the single authoritative source of intelligence on Butyl glycol market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.Read more about Butyl glycol market here: https://www.globalinsightservices.com/reports/butyl-glycol-market/
Butyl glycol is a colorless, odorless, somewhat viscous organic compound with the chemical formula CH3(CH2)2OH. It is a member of the alcohol family of compounds and is classified as a diol. Butyl glycol is miscible with water, alcohols, and most organic solvents.
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Market Segmentation
The global butyl glycol market is segmented on the basis of function, end-use industry and region. On the basis of function, the butyl glycol market is segmented into solvents, chemical intermediates, and others. Based on end-use industry the global butyl glycol market is divided into paints & coatings, printing inks, metalworking fluids, electrical & electronics, and others. By region, the market is segmented into North America, Europe, Asia-Pacific and rest of the world.
Key Players
The key players in the global butyl glycol market are Anshika Polysurf Ltd., Asia Pacific Petrochemicals Co Ltd, BASF SF, Dow Chemical Company, Eastman Chemical Corporation, Lotte Chemical Corporation, Lyondellbasell Industries N.V., Nippon Nyukazai Co. Ltd., Sadara Chemical Company, and Sasol.
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Key Drivers
The main drivers of the Butyl Glycol market are the growing demand for alkyd resins and the increasing use of Butyl Glycol in the production of these resins. Alkyd resins are used in a variety of applications, including paints and coatings, adhesives, and plastics. The growing demand for these resins is driving the Butyl Glycol market.
In addition, Butyl Glycol is also used as a solvent in a variety of industries, including the pharmaceutical and cosmetics industries. The growing demand for these industries is also driving the Butyl Glycol market.
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