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Global Butyl Acetate Market Report and Forecast 2023-2028

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    Report

  • 165 Pages
  • September 2023
  • Region: Global
  • Expert Market Research
  • ID: 5889231
According to the report the global butyl acetate market is projected to grow at a CAGR of 3.8% between 2023 and 2028. Aided by the escalating demand in key end-use industries such as coatings, adhesives, and pharmaceuticals, the market is expected to grow significantly by 2028.

Butyl acetate, an organic compound and an ester of butanol and acetic acid, has cemented its position as a versatile solvent in a myriad of industrial applications. It is colourless, has a characteristic fruity odour, and is highly miscible with other organic solvents. Beyond its role as a solvent, butyl acetate is also utilised in the synthesis of various chemicals, acting as a crucial intermediary substance in chemical manufacturing.

The prime driver behind the butyl acetate market growth is the burgeoning demand in the coatings industry, particularly for automotive and architectural applications. Butyl acetate is an integral component in the formulation of lacquers, owing to its fast evaporation rate and exceptional dissolving properties. It lends durability and a smooth finish to coatings, features that are particularly valued in the automotive and construction sectors. As these industries witness global growth, propelled by rising income levels and urbanisation, the demand for high-quality coatings-and by extension, butyl acetate-is set to rise.

In the realm of adhesives and sealants, butyl acetate serves as a critical solvent and formulation agent. As per the butyl acetate market analysis, the booming packaging industry, especially for food and e-commerce sectors, requires efficient adhesives that are both robust and safe. Butyl acetate’s superior adhesive properties and relatively low toxicity make it an ideal ingredient for this application.

Moreover, the pharmaceutical sector has also exhibited a growing affinity for butyl acetate, using it as a solvent in the production of antibiotics and other medications. With the advent of new pharmaceutical formulations and growing healthcare needs, particularly in emerging economies, the butyl acetate market is receiving an additional thrust.

Another factor influencing the butyl acetate market outlook is the increasing trend of using green and sustainable chemicals. Butyl acetate, due to its relatively low VOC (Volatile Organic Compound) emissions, is considered an environmentally friendly solvent. This factor gives it a competitive edge over other conventional solvents that are subject to stringent environmental regulations.

Market Segmentation

The market can be divided based on application and region.

Market Segmentation

  • Paints and Coatings
  • Pharmaceuticals
  • Perfumery
  • Food Flavours
  • Cosmetics
  • Plasticisers
  • Electricals
  • Others

Market Segmentation

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global butyl acetate market. Some of the major players explored in the report are as follows:
  • Dow Chemical Company
  • Eastman Chemical Company
  • Celanese Corporation
  • BASF SE
  • INEOS Group
  • Shatabdi Chemicals (P) Ltd.
  • Solvent Wistol S.A.
  • Others

About the Publisher

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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Butyl Acetate Market Analysis
8.1 Key Industry Highlights
8.2 Global Butyl Acetate Historical Market (2018-2022)
8.3 Global Butyl Acetate Market Forecast (2023-2028)
8.4 Global Butyl Acetate Market by Application
8.4.1 Paints and Coatings
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Pharmaceuticals
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Perfumery
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Food Flavours
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Cosmetics
8.4.5.1 Historical Trend (2018-2022)
8.4.5.2 Forecast Trend (2023-2028)
8.4.6 Plasticisers
8.4.6.1 Historical Trend (2018-2022)
8.4.6.2 Forecast Trend (2023-2028)
8.4.7 Electricals
8.4.7.1 Historical Trend (2018-2022)
8.4.7.2 Forecast Trend (2023-2028)
8.4.8 Others
8.5 Global Butyl Acetate Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
9 North America Butyl Acetate Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Butyl Acetate Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Butyl Acetate Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Butyl Acetate Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Butyl Acetate Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Dow Chemical Company
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Eastman Chemical Company
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Celanese Corporation
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 BASF SE
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 INEOS Group
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Shatabdi Chemicals (P) Ltd.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Solvent Wistol S.A.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Butyl Acetate Market: Key Industry Highlights, 2018 and 2028
2. Global Butyl Acetate Historical Market: Breakup by Application (USD Billion), 2018-2022
3. Global Butyl Acetate Market Forecast: Breakup by Application (USD Billion), 2023-2028
4. Global Butyl Acetate Historical Market: Breakup by Region (USD Billion), 2018-2022
5. Global Butyl Acetate Market Forecast: Breakup by Region (USD Billion), 2023-2028
6. North America Butyl Acetate Historical Market: Breakup by Country (USD Billion), 2018-2022
7. North America Butyl Acetate Market Forecast: Breakup by Country (USD Billion), 2023-2028
8. Europe Butyl Acetate Historical Market: Breakup by Country (USD Billion), 2018-2022
9. Europe Butyl Acetate Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Asia Pacific Butyl Acetate Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Asia Pacific Butyl Acetate Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Latin America Butyl Acetate Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Latin America Butyl Acetate Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Middle East and Africa Butyl Acetate Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Middle East and Africa Butyl Acetate Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. North America Historical Price Trends and Forecast 2018-2028
17. Europe Historical Price Trends and Forecast 2018-2028
18. Asia Pacific Historical Price Trends and Forecast 2018-2028
19. Latin America Historical Price Trends and Forecast 2018-2028
20. Middle East and Africa Historical Price Trends and Forecast 2018-2028
21. Global Butyl Acetate Market Structure

Companies Mentioned

  • Dow Chemical Company
  • Eastman Chemical Company
  • Celanese Corporation
  • BASF SE
  • INEOS Group
  • Shatabdi Chemicals (P) Ltd.
  • Solvent Wistol S.A.

Methodology

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Table Information