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Butyl Glycol Market overview by recent opportunities, growth size, regional analysis and forecasts to 2031
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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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Key Trends
The butyl glycol technology market is driven by the increasing demand for butyl glycol from the paints & coatings industry. Butyl glycol is widely used as a coalescing agent in water-based paints & coatings. It helps in the formation of a continuous film of paint on the surface by promoting the coalescence of the dispersed pigment particles.
The butyl glycol technology market is also driven by the growing demand for butyl glycol from the adhesives & sealants industry. Butyl glycol is used as a plasticizer and coalescing agent in adhesives & sealants. It helps in the easy flow of the adhesive during application and also improves the bonding strength of the adhesive.
The butyl glycol technology market is also driven by the growing demand for butyl glycol from the printing inks industry. Butyl glycol is used as a coalescing agent in printing inks. It helps in the formation of a continuous film of ink on the surface by promoting the coalescence of the dispersed pigment particles.
The butyl glycol technology market is also driven by the growing demand for butyl glycol from the lubricants industry. Butyl glycol is used as an additive in lubricants. It helps in improving the lubricity of the lubricant and also reduces the wear & tear of the machinery. The growing demand for lubricants from the automotive industry is expected to fuel the growth of the butyl glycol technology market during the forecast period.
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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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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