Butyl Glycol Market Size

Butyl Glycol Market size was over USD 4.33 billion in 2024 and is poised to reach USD 6.9 billion by the end of 2037, growing at around 3.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of butyl glycol is assessed at USD 4.46 billion.. The growth of the market can be attributed to the increasing demand for water and solvent-based paints, backed by the growing construction activities along with the rise in spending on construction projects. Water and solvent-based paint are usually used for painting home interiors. Furthermore, rapid growth in the urbanization process coupled with significant migration of people from rural to urban areas also boosting the demand for the construction of new buildings. Therefore, it is also anticipated to increase the demand for water and solvent-based paint, which in turn is expected to boost the butyl glycol market. For instance, according to an analysis of data from the U.S. Census Bureau released today by the Associated Builders and Contractors, national non-residential construction spending grew by approximately 0.7% in July 2022 in the United States. 

Butyl glycol is most frequently employed as a coalescing agent and solvent in water-based paints, varnishes, and inks, where it prolongs drying times and increases product flow. Additionally, it effectively improves the flow of urea, melamine, and phenolic stove coatings. Hence, these factors are also expected to influence market growth over the forecast period. Additionally, the growing inclination of people toward home decor is also anticipated to boost the growth of the market over the forecast period. It was estimated that globally, any average home requires painting every 6 to 10 years, while the actual interval depends on the material and the area.