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Global Butyl Acetate Market: By Application: Paints and Coatings, Pharmaceuticals, Perfumery, Food Flavours, Cosmetics, Plasticisers, Electricals, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Butyl Acetate Market Outlook

The global butyl acetate market is expected to grow at a CAGR of 3.8% in the forecast period of 2023-2028.

 

Butyl Acetate Market

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Significant Demand from the Asia Pacific Region to Aid the Growth of Butyl Acetate Industry Growth

The market growth of butyl acetate is supported by the significant demand from the Asia Pacific region in the recent years. Over the recent years, the Asia Pacific region has been a significant consumer of butyl acetate. Emerging countries such as China have a substantial market for the product owing to the rising use of automotive paints and coatings. China is also an important importer of butyl acetate, which makes its highly dependent on the exporting regions. North America and Europe are the major regions for the production and export of butyl acetate. Regions like the Middle East are expected to acquire a significant market share of the butyl acetate owing to the rising efforts by their governments to attract several petrochemical and chemical companies.

 

Butyl Acetate Market by Application

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Butyl Acetate: Market Segmentation

Butyl acetate, variously known as butyl ethanoate, is an organic compound that is mainly used as a solvent for manufacturing lacquers and other products. The product is a flammable, colourless liquid, which is found in various types of fruits. It is a commonly used as a synthetic fruit flavouring in a variety of food products such as ice creams, cheese, candies, and baked goods.

On the basis of application, the market is divided into:

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Butyl Acetate Market by Region

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Rising Use of Automotive Paints and Water-Based Coatings to Aid the Market Growth of Butyl Acetate

The market for butyl acetate is driven by the rising use of automotive paints and water-based coatings, globally. Furthermore, the increasing demand for butyl acetate from the cosmetics industry and for adhesives is also expected to propel the market growth over the forecast period. In addition, the rising R&D activities to develop innovative products such as tert-butyl acetate as a substitute for volatile organic compounds (VOCs) is expected to offer new opportunities for the market growth of butyl acetate. However, the market is expected to be hindered by the growing health concerns associated with the hazardous use of butyl acetate. Also, over exposure to this compound causes irritation to the human body, which might also adversely affect the market growth.

 

Key Industry Players in the Global Butyl Acetate Market

The report gives a detailed analysis of the following key players in the global butyl acetate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

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

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region
Breakup by Application Paints and Coatings, Pharmaceuticals, Perfumery, Food Flavours, Cosmetics, Plasticisers, Electricals, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Dow Chemical Company, Eastman Chemical Company, Celanese Corporation, BASF SE, INEOS Group, Shatabdi Chemicals (P) Ltd., Solvent Wistol S.A., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    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    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Pharmaceuticals
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Perfumery
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Food Flavours
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Cosmetics
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2018-2022)
            8.4.5.3    Forecast Trend (2023-2028)
        8.4.6    Plasticisers
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2018-2022)
            8.4.6.3    Forecast Trend (2023-2028)
        8.4.7    Electricals
            8.4.7.1    Market Share
            8.4.7.2    Historical Trend (2018-2022)
            8.4.7.3    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    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Europe
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Asia Pacific
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Latin America
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Middle East and Africa
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2022)
            8.5.5.3    Forecast Trend (2023-2028)
9    North America Butyl Acetate Market Analysis
    9.1    United States of America
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022)
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022)
        9.2.3    Forecast Trend (2023-2028)
10    Europe Butyl Acetate Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022)
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022)
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022)
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022)
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Butyl Acetate Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022)
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022)
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022)
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022)
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022)
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Butyl  Acetate Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022)
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022)
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022)
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Butyl Acetate Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022)
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022)
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022)
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022)
        13.4.3    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

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operations Involved
2    Project Requirements and Cost Analysis
    2.1    Land, Location, and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Raw Materials
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investments

 

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

Key Questions Answered in the Report

The global butyl acetate market is projected to grow at a CAGR of 3.8% between 2021 and 2026.

The major drivers of the industry, such as rising disposable incomes, rising use of automotive paints and water-based coatings, increasing demand from developing regions, and growing technological advancements, are expected to aid the market growth.

The key trend guiding the growth of the market includes the rising R&D activities to develop innovative products, such as tert-butyl acetate.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading application segments in the market are paints and coatings, pharmaceuticals, perfumery, food flavours, cosmetics, plasticisers, and electricals, among others.

The major players in the industry are Dow Chemical Company, Eastman Chemical Company, Celanese Corporation, BASF SE, INEOS Group, Shatabdi Chemicals (P) Ltd., and Solvent Wistol S.A., among others.

Analyst Review

The global butyl acetate market attained a value of USD 14.84 billion in 2020, driven by the growing use of automotive paints and water-based coatings. Aided by the rising R&D activities, the market is expected to witness a moderate growth in the forecast period of 2023-2028, growing at a CAGR of 3.8%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on application, the market is segmented into paints and coatings, pharmaceuticals, perfumery, food flavours, cosmetics, plasticisers, and electricals, among others. The major regional markets for butyl acetate are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Dow Chemical Company, Eastman Chemical Company, Celanese Corporation, BASF SE, INEOS Group, Shatabdi Chemicals (P) Ltd., and Solvent Wistol S.A., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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