Butyl Glycol Market Segmentation:
Functions Segment Analysis
The global butyl glycol market is segmented and analyzed for demand and supply by functions into solvents, plasticizers, and chemical intermediates. Out of these sub-segments, the solvents segment is anticipated to garner the largest revenue by the end of 2035, backed by the growing usage of butyl glycol solvents of pesticides and fungicides in the fields to protect crops from weeds, insects, and several fungal diseases. About a billion pounds of chemical solvents are applied to crops in the US each year, including fruits, nuts, and vegetables. Furthermore, butyl glycol is also used at a higher scale as a solvent in water-based inks, paints, and others owing to its bi-functional nature. For instance, in 2018, more than 3 million tons of printing ink were utilized across the globe.
End-user Segment Analysis
The global butyl glycol market is also segmented and analyzed for demand and supply by end-user into paints & coatings, printing inks, metalworking fluids, automotive, oil & gas, and electrical & electronics. Among these, the oil & gas segment is expected to garner a significant share. Butyl glycol is used in the oil & gas industry to eliminate the formation of hydrates that can result in pipeline blockage. Pipelines are used to provide gas in urban areas, for instance, nearly 200 miles of interstate natural gas pipeline are used to deliver gas in the United States to consumers. Furthermore, butyl glycol is also used to decrease the inlet and outlet of the gas flow from the pipelines.
Our in-depth analysis of the global market includes the following segments:
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By Functions |
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By End-User |
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