Lucintel Forecasts Butylene Glycol Market to Grow at a CAGR of 4%-5% from 2020 to 2025

According to the recent study the Butylene Glycol Market is projected to grow at a CAGR of 4%-5% from 2020 to 2025. Growth in this market is primarily driven by growing demand for cosmetics and personal care products, changing lifestyle, and increasing demand for using butylene glycol in pharmaceutical industry.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in butylene glycol market by application (cosmetics, polymer, paint and coating, food, and others), grade type (pharmaceutical grade and industrial grade), function (humectant, emollient, stabilizer, intermediate, and solvent), synthesis (natural and synthetic), and region (North America, Europe, Asia Pacific, and Rest of the World).

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“Pharmaceutical grade market is expected to remain the largest segment during the forecast period.”

Based on grade type, the butylene glycol market is segmented into pharmaceutical grade and industrial grade. Lucintel forecasts that the pharmaceutical grade market is expected to remain the largest segment due to high-volume demand from various end-use industries such as food, and personal care and cosmetics.

“Within the butylene glycol market, the cosmetics segment is expected to remain the largest application.”

Based on application the cosmetics segment is expected to witness the highest growth over the forecast period due to increasing consciousness among consumers regarding their personal appearances.

“Asia pacific will dominate the butylene glycol market in near future.”

APAC will remain the largest region and it is also expected to witness the highest growth over the forecast period due to increasing production and demand for personal care products and cosmetics in the region, growing population, increasing per capita expenditure, rapid urbanization, and changing lifestyle.

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Major players of butylene glycol market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Kyowa Hakko Europe GmbH, Xinjiang Blue Ridge Tunhe Energy Co., Ltd., Oxea, and Daicel Corporation are among the major butylene glycol providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/butylene-glycol-market.aspx  or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
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