Diethylene Glycol Monobutyl Ether Acetate Market Dynamics and Competitive Scenario through 2031

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Diethylene Glycol Monobutyl Ether Acetate: Introduction

• Diethylene glycol monobutyl ether acetate (2-(2-Butoxyethoxy) ethanol) is an absorbent consisting of high boiling point. It helps improve the co2 solubility, as it is rich in carbonyl and ether groups. Diethylene glycol monobutyl ether acetate is produced by the reaction of ethylene oxide and n-butanol with an alkalic catalyst.
• Diethylene glycol monobutyl ether acetate is a high boiling glycol ether acetate that is used as a solvent in oil, resins, and printing ink industries owing to its high stability. It is also used as selective solvent in separation of alcohols and ketones by distillation. Rise in demand for printing inks is anticipated to positively impact the diethylene glycol monobutyl ether acetate market in the near future.

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Key Drivers and Restraints of Global Diethylene Glycol Monobutyl Ether Acetate Market

• The diethylene glycol monobutyl ether acetate market has been developing significantly of late. This can be primarily ascribed to the high performance and increasing recognition of diethylene glycol monobutyl ether acetate as a solvent across the globe. Diethylene glycol monobutyl ether acetate plays an important role in addressing several issues associated with co2 solubility and stability under fire conditions. Rise in usage of diethylene glycol monobutyl ether acetate in commercial printing inks and as process solvent is expected to propel the diethylene glycol monobutyl ether acetate market during the forecast period.
• Growth in demand for industrial coatings is anticipated to create significant opportunities for the diethylene glycol monobutyl ether acetate market. Rise in industrialization across the globe is a key factor that is driving the industrial coatings market. This, in turn, is estimated to boost the global demand for diethylene glycol monobutyl ether acetate during the forecast period.

Diethylene Glycol Monobutyl Ether Acetate: Application Segment

• In terms of application, the global diethylene glycol monobutyl ether acetate market can be segmented into detergents & cleaners, inks, chemical intermediates, surface coatings, and others
• The inks segment is expected to account for significant share of the global diethylene glycol monobutyl ether acetate market during the forecast period. It is anticipated to be followed by the surface coatings segment.
• The detergents & cleaners segment is likely to expand at a rapid pace during the forecast period, due to the expansion of the household care industry around the globe

Diethylene Glycol Monobutyl Ether Acetate: End-use Segment

• In terms of end-use, the global diethylene glycol monobutyl ether acetate market can be divided into paints, medical, chemical, electronics, and others
• The paints segment is estimated to expand at a rapid pace during the forecast period. It is projected to be followed by the chemical segment.

Covid-19 Impact on Diethylene Glycol Monobutyl Ether Acetate Market

• On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.
• Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
• Manufacture of various consumer goods and other products across the globe has come to a halt due to the unavailability of raw materials, shortage of labor, etc. This is projected to hamper the diethylene glycol monobutyl ether acetate market.

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North America to Dominate Diethylene Glycol Monobutyl Ether Acetate Market

• In terms of region, the global diethylene glycol monobutyl ether acetate market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• North America dominated the global diethylene glycol monobutyl ether acetate market in 2020. This trend is anticipated to continue during the forecast period owing to the high consumption of diethylene glycol monobutyl ether acetate, especially in the U.S. The diethylene glycol monobutyl ether acetate market in Europe is anticipated to expand at a rapid pace owing to the increase in demand for industrial chemicals in Germany and France.