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Butyl Glycol Market size was valued at USD 3.11 billion in 2019 and is poised to grow from USD 3.23 billion in 2023 to USD 4.14 billion by 2031, growing at a CAGR of 3.6% in the forecast period (2024-2031).

Players in the butyl glycol market can deal with this unpredictability while still meeting the short-term needs of the industry by clearly revising their product portfolio and developing a clear long-term strategy using scenario planning. The winning approaches in the butyl glycol market of the future involve investing in innovation, spotting potential uses, and creating sound business models to provide continuous growth. Leading producers in the worldwide butyl glycol market are working to increase their production capacity to satisfy the soaring demand for butyl glycol by pursuing tactics like acquisitions, mergers, collaborations, and strategic partnerships. 'BASF SE', 'Dow Chemical Company', 'LyondellBasell Industries Holdings BV', 'Eastman Chemical Company', 'Shell Chemicals LP', 'INEOS Group Limited', 'ExxonMobil Corporation', 'Sasol Limited', 'SABIC', 'LG Chem', 'China Petrochemical Corporation (Sinopec)', 'Mitsui Chemicals, Inc.', 'Solvay S.A.', 'PPG Industries, Inc.', 'Akzo Nobel N.V.', 'Huntsman Corporation', 'Arkema S.A.', 'Formosa Plastics Corporation', 'Reliance Industries Limited', 'LANXESS AG'

Rise in call for paints to pressure worldwide butyl glycol market

The market for butyl glycol is seeing an increase in the customization of products to meet the needs of particular applications rather than general product improvement. Further, one of the raw materials used to make a wide range of items, such as polyester fabric for clothing, carpets, upholstery, pillows, and fibre glass, is butyl glycol. These goods are also utilised in the production of other goods, including polyethylene terephthalate. The majority of manufactured goods are recyclable and economical. Because of these qualities, it is a sustainable option, which is fueling a rise in demand for butyl alcohol.

North America held the largest Butyl Glycol Market share. North America has been a distinguished producer and end-person of butyl glycol over the previous couple of years. The U.S. held a prime proportion of the butyl glycol market in North America.

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Global Butyl Glycol Market

Product ID: SQMIG15A2108

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