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The global butyl acetate market is expected to grow at a CAGR of 3.80% in the forecast period of 2024-2032.
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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.
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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.
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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.
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:
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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global butyl acetate market is projected to grow at a CAGR of 3.80% between 2024 and 2032.
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.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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