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The Asia Pacific butyl glycol market size is expected to grow at a CAGR of 4.70% between 2024 and 2032, driven by the rising demand from various end use sectors such as paints and coatings and printing inks.
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Butyl glycol is a chemical compound which belongs to the organic alcohol family. This colourless, oily, and viscous chemical is procured by reacting ethylene oxide with an alcohol in presence of a catalyst. It has a sweetish odour but can cause extreme irritation in case of contact with skin, eyes, or throat.
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Based on function, the market can be segmented into chemical intermediate, and solvent, among others. On the basis of application, the market can be classified into plastic and polymer, printing inks, paints and coatings, and metal working fluid, among others. The regional markets can be divided into China, Japan, India, ASEAN, and Australia, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Asia Pacific butyl glycol market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
The chemical intermediate segment, based on function, holds a significant share in the Asia Pacific butyl glycol market. As a chemical intermediate, butyl glycol is used as a starting material in the production process of various chemicals such as butyl glycol acetate, which is used to produce various downstream pharma and cosmetic products. In addition, butyl glycol is also used as a chemical intermediate in the production of plasticisers by reacting with phthalic anhydride. In this regard, the increasing demand for plasticisers in the manufacturing process of plastics in order to improve their quality, softness, and elongation, is expected to propel the demand for butyl glycol in the region in the forecast period.
The paints and coatings applications of butyl glycol are expected to witness a steady growth in the forecast period. Butyl glycol exhibits low volatility, which makes it an excellent solvent in the manufacturing of paints and coatings because of the decreased drying time and improved flow. Hence, the growing expansion of the major paints and coating manufacturers across this region is boosting the butyl glycol market in the Asia Pacific. Over the forecast period, the anticipated increase in the investments towards urban development projects and various commercial construction businesses are expected to further fuel the growth of Asia Pacific butyl glycol market.
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BASF SE is one of the world’s largest chemical manufacturing companies which was founded in the year 1865 and is currently headquartered in Mannheim, Germany. The company caters to the demands from various end use sectors by offering industrial solutions, surface technologies, and nutrition and care solutions, among others.
Sasol Limited is a leading chemical and energy services providing company which was founded in the year 1950 and is currently headquartered in Johannesburg, South Africa. The company is known to provide integrated sophisticated technologies in around 22 countries. This company also focusses on providing high-quality chemical solutions while achieving sustainable development goals.
India Glycol Limited is a renowned chemical products manufacturing company which was founded in the year 1983 and is currently headquartered in Uttar Pradesh, India. The company aims at manufacturing specialty industrial products such as natural gums, spirits, industrial gases, and nutraceuticals, among others. The chemical products portfolio of India Glycol Limited include glycols, ethoxylates, and acetates, among others.
Other market players include Nippon Nyukazai Co., Ltd., Asia Pacific Petrochemical Co., Ltd., and Ankshika Polysurf Limited (APL), among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Application |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is expected to grow at a CAGR of 4.70% in the forecast period of between 2024 and 2032.
The large manufacturing base across emerging economies such as India and China, growing expansion of printing ink and paints and coating manufacturing companies in the region, and strong economic growth of various countries, are the major drivers of the market.
The key trends in the Asia Pacific butyl glycol market include the increasing production capacities of major ink and coating producers across emerging economies such as China and the growing usage of butyl glycol as a plasticiser.
Chemical intermediate, and solvent, among others, are the different segments of the market based on function.
Plastic and polymer, printing inks, paints and coatings, and metal working fluid, among others, are the different applications based on which the market has been segmented.
Butyl glycol is popularly used as a solvent to manufacture various downstream products including paints and coatings, plastics, and inks, among others.
Yes, butyl glycol is also known as butyl cellosolve and 2-Butoxyethanol.
Butyl glycol has properties of a surfactant and is used in the manufacturing of household cleaning and industrial products.
China, Japan, India, ASEAN, and Australia, among others, are the major regional markets.
BASF SE, Sasol Limited, India Glycol Limited, Nippon Nyukazai Co., Ltd., Asia Pacific Petrochemical Co., Ltd., and Ankshika Polysurf Limited (APL), among others, are the key market players, according to the report.
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