Butylene Glycol Market is expected to grow at a CAGR of 4%-5% from 2020 to 2025- An exclusive market research report by Lucintel
Lucintel's latest market report analyzed that butylene glycol provides attractive opportunities in cosmetics industry. The butylene glycol market is expected to grow with a CAGR of 4%-5%. In this market, pharmaceutical grade is the largest segment by grade type, whereas cosmetic is largest by application.
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Based on grade type, the butylene glycol market is segmented into pharmaceutical grade and industrial grade. The pharmaceutical grade segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to high-volume demand from various end-use industries such as food, and personal care and cosmetics.
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The Butylene Glycol Market is marked by the presence of several big and small players. Some of the prominent players offering butylene glycol include Kyowa Hakko Europe GmbH, Xinjiang Blue Ridge Tunhe Energy Co., Ltd., Oxea, and Daicel Corporation
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Brandon Fitzgerald
Lucintel
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