Research Nester published a report titled “Butyl Glycol Marketv: Global Demand Analysis & Opportunity Outlook 2036” which delivers detailed overview of the global butyl glycol market in terms of market segmentation by functions, end-user and by region.
Further, for the in-depth analysis, the repsort encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
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The global butyl glycol market is anticipated to grow with a CAGR of ~4% over the forecast period, i.e., 2024-2036. The market is segmented by functions into solvents, and chemical intermediates. Out of these segments, the solvents segment is anticipated to garner the largest revenue by the end of 2036.
The global butyl glycol market is estimated to garner a revenue of ~USD 5 Billion by the end of 2036, up from a revenue of ~USD 4 Billion in 2022. Growing urbanization, increasing demand for paints, and increasing disposable income are some of the major factors estimated to drive the growth of the market.
Geographically, the global butyl glycol market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Amongst these regions, the market in Asia Pacific region is expected to hold the largest revenue by the end of 2036.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Urbanization to Boost Market Growth
Globally, 55% of people lived in cities in 2018, and 68% are expected to do so by 2050.
Urbanization is expanding as more people relocate to metropolitan areas. As a result, there has been an increase in housing demand, which has increased construction activity. The net result of all these variables is anticipated to accelerate market expansion.
However, considered to have toxic nature, manufacturing of eco-friendly products, and stringent government regulations which are expected to operate as key restraint to the growth of global butyl glycol market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global butyl glycol market which includes company profiling of Sadara Chemical Company, Anshika Polysurf Limited, Nippon Nyukazai Co. Ltd., Lotte Chemical, Sasol Limited, Lyondell Basell Industries B.V., Eastman Chemical Company, Asia Pacific Petrochemicals Co Ltd, Dow Chemical Company, BASF SE.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global butyl glycol market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Access our detailed report at:
https://www.researchnester.com/reports/butyl-glycol-market/4660
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