The global demand for Butyl Glycol Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020- 2026.
Butyl Glycol is also known as BG, 2-butoxyethanol, glycol monobutyl ether and ethylene glycol monobutyl ether. It’s a clear, colorless, oily liquid with a mild odor. The molecular formula of Butyl Glycol is C6H14O2, and it is miscible with water and with common organic compounds. It serves as a humectant to hydrate the skin and therefore used as a skin conditioner is cosmetics and also used as a solvent in printing inks and textile dyes.
The growing cosmetics industry coupled with increasing awareness of beauty products because of aggressive advertising is driving the market growth. Increasing usage in paints and coating solutions for decorative purposes in construction and residential projects is again accelerating the market growth. However, short-term exposure to butyl glycol leads to illnesses such as necrosis, and pulmonary edema and long-term exposure may cause chronic diseases such as anorexia, nausea, and anemia is expected to limit the market growth. Whereas, rising investment in the manufacturing sector in emerging economies is likely to provide potential opportunities over the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of butyl glycol.
The entire butyl glycol market has been sub-categorized into product type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product Type
- Laboratory Grade
- Industry Grade
- Food Additive
This section covers regional segmentation which accentuates on current and future demand for butyl glycol market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Butyl Glycol Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the butyl glycol market include ACRCloud, Audible Magic Corporation, Beatgrid Media B.V., Digimark Corporation, Kantar Media, Microsoft Corporation, mufin, Nuance Communications, Shazam Entertainment, Signalogic, Veriton, Vobile Group Limited and VoiceInteraction SA. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.