Butyl Acetate Market Research Report – Global Forecast till 2027

Butyl Acetate Market: Information by Application (Paints, Coatings, Chemicals, Pharmaceuticals, Perfumes, Flavors), End-Use Industry (Automotive & Transportation, Building & Construction, Healthcare, Food & Beverage), and Region — Global Forecast till 2027

ID: MRFR/CnM/6108-HCR | February 2021 | Region: Global | 140 pages

Global Butyl Acetate Market Synopsis:


Butyl acetate consumption was about 1.2 million tons in 2013 and reached to 1.42 million tons in 2017. The global butyl acetate market is expected to register a CAGR of 3.2% during the forecast period, 2018–2023.


Butyl acetate is a colorless, flammable liquid with a fruity odor. It is typically used to dissolve other substances including nitrocellulose. It is found naturally in food products and can also be produced chemically. It is a low viscosity liquid mainly used as a solvent in various end-use industries.


Butyl acetate is commonly used to produce flavors used in the food processing industry to impart the desired flavor to the food and beverages. With an evaporation rate of 1, it provides quick-drying lacquer conditions. It is also used as a solvent in the manufacturing of paints and coatings. It acts as a basic film-forming material, which results in better finishing in paints, coatings, and nail polish, among others. Additionally, the use of butyl acetate in the production of road marking materials, sealants, adhesives, and architectural coatings is increasing its demand in the construction industry.


Furthermore, butyl acetate also finds applications in the manufacturing of printing inks, auto plastics, automobile parts, automobile coatings, and auto refinishing. Also, butyl acetate is used in the manufacturing of packaging components for the food packaging industry. Thus, with the growth of the automotive & transportation, construction, and food & beverage industries, the demand for butyl acetate is expected to increase in the coming years.


In industrial applications such as industrial coatings, maintenance, and protective coatings, the use of butyl acetate is increasing with the growth of the industrial sector. Additionally, one of its major uses is in cosmetics and perfumes. It is used to impart fragrance in perfumes, while in cosmetics it acts as a binding agent in the production process. The growing use of cosmetics and perfumes across the globe is expected to fuel the growth of the global butyl acetate market. However, the hazardous issues such as overexposure to workers, which may cause lungs and kidney problems, during the production of butyl acetate are expected to restrain the growth of global butyl acetate market during the forecast period.


.Global Butyl Acetate Market, by Application, 2017 (%)


Butyl Acetate Market


Source: MRFR Analysis


Segmental Analysis:


The global butyl acetate market has been segmented on the basis of application, end-use industry, and region.


On the basis of application, the global butyl acetate market has been classified into paints, coatings, pharmaceutical, perfumes, flavors, printing inks, and others.


By end-use industry, the global butyl acetate market has been divided into automotive & transportation, building & construction, healthcare, cosmetics, food & beverage, and electrical & electronics.


Regional Analysis:


Global butyl acetate market has been spanned across five regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.


Asia-Pacific accounted for the largest share of the global butyl acetate market in 2017. The growth of end-use industries such as automotive, construction, and paints & coatings, are expected to boost the growth of the butyl acetate market in Asia-Pacific.


The North American market held the second-largest share of the global butyl acetate market in 2017. The increasing application of butyl acetate in cosmetics and pharmaceuticals and the growth of these industries in North America due to the increasing use of butyl acetate for flavoring in food & beverage industry is expected to fuel the growth of the regional market during the forecast period.


The European market is witnessing rapid growth in the automotive and construction sectors, which is projected to fuel the demand for butyl acetate and drive the growth of the regional market during the forecast period.


The Latin American market is observing tremendous growth in the healthcare and food & beverage industries. The growth of these industries is expected to boost the growth of the butyl acetate market in the region.


The Middle East & African market is expected to witness sluggish growth in the global butyl acetate market during the forecast period. This is attributed to the growing construction industry in the region.


Market Players:


BASF SE (Germany), DowDuPont (US), Eastman Chemical Company (US), Celanese Corporation (US), INEOS (US), Yangtze River Acetyls (China), Mitsubishi Chemical Corporation (Japan), Sasol (South Africa), Alfa Aesar (US), Sipchem (Saudi Arabia), Industrias Monfel, SA (Mexico), Merck KGaA (Germany), and Kai Co., Ltd. (South Korea) are some of the key players operating in the global market.


Intended Audience:



  • Manufacturers and Producers of Butyl Acetate

  • Traders and Distributors of Butyl Acetate

  • Raw Material Suppliers

  • Nationalized Laboratories

  • Research and Development Organizations



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   CAGR 3.2% (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Basis of application, end-use industry, and region.
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   BASF SE (Germany), DowDuPont (US), Eastman Chemical Company (US), Celanese Corporation (US), INEOS (US), Yangtze River Acetyls (China), Mitsubishi Chemical Corporation (Japan), Sasol (South Africa), Alfa Aesar (US), Sipchem (Saudi Arabia), Industrias Monfel, SA (Mexico), Merck KGaA (Germany), and Kai Co., Ltd. (South Korea)
  Key Market Opportunities   Guiding the growth of the market includes the rising R&D activities to develop innovative products, such as tert-butyl acetate.
  Key Market Drivers

  • Increased use of water-based coatings and automotive paints is expected to be the major driving factor.
  • Growing demand for butyl acetate in cosmetic products and adhesives is also expected to contribute

    		•


    Frequently Asked Questions (FAQ) :

    The outlook of the global butyl acetate market looks very promising.

    butyl acetate market is estimated to register 3.2% CAGR during the forecast period (2018-2023).

    On the basis of end-use industry, the building & construction segment dominates the global butyl acetate market.

    Asia Pacific holds the largest share in the global butyl acetate market, followed by North America and Europe, respectively.

    DowDuPont (US), BASF SE (Germany), Eastman Chemical Company (US), INEOS (US), Celanese Corporation (US), Yangtze River Acetyls (China), Sasol (South Africa), Mitsubishi Chemical Corporation (Japan), Alfa Aesar (US), Industrias Monfel, SA (Mexico), Sipchem (Saudi Arabia), Kai Co., Ltd. (South Korea), and Merck KGaA (Germany), are some of the major players operating in the butyl acetate market.

    TABLE OF CONTENTS

    1 Executive Summary

    2 Market Introduction

    2.1 Market Definition

    2.2 Scope of the Study

    2.3 List of Assumptions

    2.4 Markets Structure

    3 Market Research Methodology

    3.1 Research Process

    3.2 Primary Research

    3.3 Secondary Research

    3.4 Market Size Estimation

    3.5 Forecast Model

    4 Market Dynamics of Global Butyl Acetate Market

    4.1 Introduction

    4.2 Drivers

    4.3 Restraints

    4.4 Opportunities

    4.5 Challenges

    4.6 Trends/Technology

    5 Market Factor Analysis of Global Butyl Acetate Market

    5.1 Supply Chain Analysis

    5.1.1 Raw Material Suppliers

    5.1.2 Manufacturers/Producers

    5.1.3 Distributors/Retailers/Wholesalers/E-Commerce

    5.1.4 End User

    5.2 Porter’s Five Forces Analysis

    5.2.1 Threat of New Entrants

    5.2.2 Bargaining Power of Buyers

    5.2.3 Bargaining Power of Suppliers

    5.2.4 Threat of Substitutes

    5.2.5 Intensity of Competitive Rivalry

    6. Global Butyl Acetate Market, by Application

    6.1 Introduction

    6.2 Paints & Coatings

    6.2.1 Market Estimates & Forecast, 2020−2027

    6.2.2 Market Estimates & Forecast, by Region, 2020−2027

    6.3 Pharmaceutical

    6.3.1 Market Estimates & Forecast, 2020−2027

    6.3.2 Market Estimates & Forecast, by Region, 2020−2027

    6.4 Perfumes

    6.4.1 Market Estimates & Forecast, 2020−2027

    6.4.2 Market Estimates & Forecast, by Region, 2020−2027

    6.5 Flavors

    6.5.1 Market Estimates & Forecast, 2020−2027

    6.5.2 Market Estimates & Forecast, by Region, 2020−2027

    6.6 Printing Inks

    6.6.1 Market Estimates & Forecast, 2020−2027

    6.6.2 Market Estimates & Forecast, by Region, 2020−2027

    6.7 Others

    6.7.1 Market Estimates & Forecast, 2020−2027

    6.7.2 Market Estimates & Forecast, by Region, 2020−2027

    7. Global Butyl Acetate Market, by End-Use Industry

    7.1 Introduction

    7.2 Automotive & Transportation

    7.2.1 Market Estimates & Forecast, 2020−2027

    7.2.2 Market Estimates & Forecast, by Region, 2020−2027

    7.3 Building & Construction

    7.3.1 Market Estimates & Forecast, 2020−2027

    7.3.2 Market Estimates & Forecast, by Region, 2020−2027

    7.4 Healthcare

    7.4.1 Market Estimates & Forecast, 2020−2027

    7.4.2 Market Estimates & Forecast, by Region, 2020−2027

    7.5 Cosmetics

    7.5.1 Market Estimates & Forecast, 2020−2027

    7.5.2 Market Estimates & Forecast, by Region, 2020−2027

    7.6 Food & Beverages

    7.6.1 Market Estimates & Forecast, 2020−2027

    7.6.2 Market Estimates & Forecast, by Region, 2020−2027

    7.7 Electronics & Electrical

    7.7.1 Market Estimates & Forecast, 2020−2027

    7.7.2 Market Estimates & Forecast, by Region, 2020−2027

    8. Global Butyl Acetate Market, by Region

    8.1 Introduction

    8.2 North America

    8.2.1 Market Estimates & Forecast, 2020−2027

    8.2.2 Market Estimates & Forecast, by Application, 2020−2027

    8.2.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.2.4 US

    8.2.4.1 Market Estimates & Forecast, 2020−2027

    8.2.4.2 Market Estimates & Forecast, by Application, 2020−2027

    8.2.4.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.2.5 Canada

    8.2.5.1 Market Estimates & Forecast, 2020−2027

    8.2.5.2 Market Estimates & Forecast, by Application, 2020−2027

    8.2.5.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.3 Europe

    8.3.1 Market Estimates & Forecast, 2020−2027

    8.3.2 Market Estimates & Forecast, by Application, 2020−2027

    8.3.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.3.4 Germany

    8.3.4.1 Market Estimates & Forecast, 2020−2027

    8.3.4.2 Market Estimates & Forecast, by Application, 2020−2027

    8.3.4.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.3.5 France

    8.3.5.1 Market Estimates & Forecast, 2020−2027

    8.3.5.2 Market Estimates & Forecast, by Application, 2020−2027

    8.3.5.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.3.6 Italy

    8.3.6.1 Market Estimates & Forecast, 2020−2027

    8.3.6.2 Market Estimates & Forecast, by Application, 2020−2027

    8.3.6.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.3.7 Spain

    8.3.7.1 Market Estimates & Forecast, 2020−2027

    8.3.7.2 Market Estimates & Forecast, by Application,2020−2027

    8.3.7.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.3.8 UK

    8.3.8.1 Market Estimates & Forecast, 2020−2027

    8.3.8.2 Market Estimates & Forecast, by Application,2020−2027

    8.3.8.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.3.9 Russia

    8.3.9.1 Market Estimates & Forecast, 2020−2027

    8.3.9.2 Market Estimates & Forecast, by Application,2020−2027

    8.3.9.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.3.10 Poland

    8.3.10.1 Market Estimates & Forecast, 2020−2027

    8.3.10.2 Market Estimates & Forecast, by Application, 2020−2027

    8.3.10.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.3.11 Rest of Europe

    8.3.11.1 Market Estimates & Forecast, 2020−2027

    8.3.11.2 Market Estimates & Forecast, by Application, 2020−2027

    8.3.11.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.4 Asia-Pacific

    8.4.1 Market Estimates & Forecast, 2020−2027

    8.4.2 Market Estimates & Forecast, by Application, 2020−2027

    8.4.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.4.4 China

    8.4.4.1 Market Estimates & Forecast, 2020−2027

    8.4.4.2 Market Estimates & Forecast, by Application, 2020−2027

    8.4.4.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.4.5 India

    8.4.5.1 Market Estimates & Forecast, 2020−2027

    8.4.5.2 Market Estimates & Forecast, by Application, 2020−2027

    8.4.5.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.4.6 Japan

    8.4.6.1 Market Estimates & Forecast, 2020−2027

    8.4.6.2 Market Estimates & Forecast, by Application, 2020−2027

    8.4.6.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.4.7 Australia & New Zealand

    8.4.7.1 Market Estimates & Forecast, 2020−2027

    8.4.7.2 Market Estimates & Forecast, by Application, 2020−2027

    8.4.7.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.4.8 Rest of Asia-Pacific

    8.4.8.1 Market Estimates & Forecast, 2020−2027

    8.4.8.2 Market Estimates & Forecast, by Application, 2020−2027

    8.4.8.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.5 Middle East & Africa

    8.5.1 Market Estimates & Forecast, 2020−2027

    8.5.2 Market Estimates & Forecast, by Application, 2020−2027

    8.5.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.5.4 GCC

    8.5.4.1 Market Estimates & Forecast, 2020−2027

    8.5.4.2 Market Estimates & Forecast, by Application, 2020−2027

    8.5.4.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.5.5 Israel

    8.5.5.1 Market Estimates & Forecast, 2020−2027

    8.5.5.2 Market Estimates & Forecast, by Application, 2020−2027

    8.5.5.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.5.6 North Africa

    8.5.6.1 Market Estimates & Forecast, 2020−2027

    8.5.6.2 Market Estimates & Forecast, by Application, 2020−2027

    8.5.6.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.5.7 Turkey

    8.5.7.1 Market Estimates & Forecast, 2020−2027

    8.5.7.2 Market Estimates & Forecast, by Application, 2020−2027

    8.5.7.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.5.8 Rest of Middle East & Africa

    8.5.8.1 Market Estimates & Forecast, 2020−2027

    8.5.8.2 Market Estimates & Forecast, by Application, 2020−2027

    8.5.8.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.6 Latin America

    8.6.1 Market Estimates & Forecast, 2020−2027

    8.6.2 Market Estimates & Forecast, by Application, 2020−2027

    8.6.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.6.4 Brazil

    8.6.4.1 Market Estimates & Forecast, 2020−2027

    8.6.4.2 Market Estimates & Forecast, by Application, 2020−2027

    8.6.4.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.6.5 Argentina

    8.6.5.1 Market Estimates & Forecast, 2020−2027

    8.6.5.2 Market Estimates & Forecast, by Application, 2020−2027

    8.6.5.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.6.6 Mexico

    8.6.6.1 Market Estimates & Forecast, 2020−2027

    8.6.6.2 Market Estimates & Forecast, by Application, 2020−2027

    8.6.6.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    8.6.7 Rest of Latin America

    8.6.7.1 Market Estimates & Forecast, 2020−2027

    8.6.7.2 Market Estimates & Forecast, by Application, 2020−2027

    8.6.7.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

    9. Company Landscape

    9.1 Introduction

    9.2 Market Strategy

    9.3 Key Development Analysis (Expansion/Merger & Acquisitions/Joint Venture/New Product Development/Agreement/Investment)

    10. Company Profiles

    10.1 BASF SE

    10.1.1 Company Overview

    10.1.2 Financial Updates

    10.1.3 Product/Business Segment Overview

    10.1.4 Strategy

    10.1.5 Key Developments

    10.1.6 SWOT Analysis

    10.2 DowDuPont

    10.2.1 Company Overview

    10.2.2 Financial Updates

    10.2.3 Product/Business Segment Overview

    10.2.4 Strategy

    10.2.5 Key Developments

    10.2.6 SWOT Analysis

    10.3 Eastman Chemical Company

    10.3.1 Company Overview

    10.3.2 Financial Updates

    10.3.3 Product/Business Segment Overview

    10.3.4 Strategy

    10.3.5 Key Developments

    10.3.6 SWOT Analysis

    10.4 Celanese Corporation

    10.4.1 Company Overview

    10.4.2 Financial Updates

    10.4.3 Product/Business Segment Overview

    10.4.4 Strategy

    10.4.5 Key Developments

    10.4.6 SWOT Analysis

    10.5 INEOS

    10.5.1 Company Overview

    10.5.2 Financial Updates

    10.5.3 Product/Business Segment Overview

    10.5.4 Strategy

    10.5.5 Key Developments

    10.5.6 SWOT Analysis

    10.6 Yangtze River Acetyls

    10.6.1 Company Overview

    10.6.2 Financial Updates

    10.6.3 Product/Business Segment Overview

    10.6.4 Strategy

    10.6.5 Key Developments

    10.6.6 SWOT Analysis

    10.7 Mitsubishi Chemical Corporation

    10.7.1 Company Overview

    10.7.2 Financial Updates

    10.7.3 Product/Business Segment Overview

    10.7.4 Strategy

    10.7.5 Key Developments

    10.7.6 SWOT Analysis

    10.8 Sasol

    10.8.1 Company Overview

    10.8.2 Financial Updates

    10.8.3 Product/Business Segment Overview

    10.8.4 Strategy

    10.8.5 Key Developments

    10.8.6 SWOT Analysis

    10.9 Alfa Aesar

    10.9.1 Company Overview

    10.9.2 Financial Updates

    10.9.3 Product/Business Segment Overview

    10.9.4 Strategy

    10.9.5 Key Developments

    10.9.6 SWOT Analysis

    10.10 Sipchem

    10.10.1 Company Overview

    10.10.2 Financial Updates

    10.10.3 Product/Business Segment Overview

    10.10.4 Strategy

    10.10.5 Key Developments

    10.10.6 SWOT Analysis

    10.11 Industrias Monfel, SA

    10.11.1 Company Overview

    10.11.2 Financial Updates

    10.11.3 Product/Business Segment Overview

    10.11.4 Strategy

    10.11.5 Key Developments

    10.11.6 SWOT Analysis

    10.12 Merck KGaA

    10.12.1 Company Overview

    10.12.2 Financial Updates

    10.12.3 Product/Business Segment Overview

    10.12.4 Strategy

    10.12.5 Key Developments

    10.12.6 SWOT Analysis

    10.13 Kai Co., Ltd.

    10.13.1 Company Overview

    10.13.2 Financial Updates

    10.13.3 Product/Business Segment Overview

    10.13.4 Strategy

    10.13.5 Key Developments

    10.13.6 SWOT Analysis

    11. Conclusion

    LIST OF TABLES

    Table 1 Global Butyl Acetate Market: by Region, 2020−2027

    Table 2 North America: Butyl Acetate Market, by Country, 2020−2027

    Table 3 Europe: Butyl Acetate Market, by Country, 2020−2027

    Table 4 Asia-Pacific: Butyl Acetate Market. by Country, 2020−2027

    Table 5 Middle East & Africa: Butyl Acetate Market, by Country, 2020−2027

    Table 6 Latin America: Butyl Acetate Market, by Country, 2020−2027

    Table 7 Global Butyl Acetate Application Market, by Regions, 2020−2027

    Table 8 North America: Butyl Acetate Application Market, by Country, 2020−2027

    Table 9 Europe: Butyl Acetate Application Market, by Country, 2020−2027

    Table10 Asia-Pacific: Butyl Acetate Application Market, by Country, 2020−2027

    Table11 Middle East & Africa: Butyl Acetate Application Market, by Country, 2020−2027

    Table12 Latin America: Butyl Acetate Application Market, by Country, 2020−2027

    Table 13 Global Butyl Acetate End-Use Industry Market, by Regions, 2020−2027

    Table14 North America: Butyl Acetate End-Use Industry Market, by Country, 2020−2027

    Table15 Europe: Butyl Acetate End-Use Industry Market, by Country, 2020−2027

    Table16 Asia-Pacific: Butyl Acetate End-Use Industry Market, by Country, 2020−2027

    Table17 Middle East & Africa: Butyl Acetate End-Use Industry Market, by Country, 2020−2027

    Table18 Latin America: Butyl Acetate by End-Use Industry Market, by Country, 2020-2027

    Table19 Global Application Market, by Region, 2020−2027

    Table20 Global End-Use Industry Market, by Region, 2020−2027

    Table21 North America: Butyl Acetate Market, by Country, 2020−2027

    Table22 North America: Butyl Acetate Market, by Application, 2020−2027

    Table23 North America: Butyl Acetate Market, by End-Use Industry, 2020−2027

    Table24 Europe: Butyl Acetate Market, by Country, 2020−2027

    Table25 Europe: Butyl Acetate Market, by Application, 2020−2027

    Table26 Europe: Butyl Acetate Market, by End-Use Industry, 2020−2027

    Table27 Asia-Pacific: Butyl Acetate Market, by Country, 2020−2027

    Table28 Asia-Pacific: Butyl Acetate Market, by Application, 2020−2027

    Table29 Asia-Pacific: Butyl Acetate Market, by End-Use Industry, 2020−2027

    Table30 Middle East & Africa: Butyl Acetate Market, by Country, 2020−2027

    Table31 Middle East & Africa: Butyl Acetate Market, by Application, 2020−2027

    Table32 Middle East & Africa: Butyl Acetate Market, by End-Use Industry, 2020−2027

    Table33 Latin America: Butyl Acetate Market, by Country, 2020−2027

    Table34 Latin America: Butyl Acetate Market, by Application, 2020−2027

    Table35 Latin America: Butyl Acetate Market, by End-Use Industry, 2020−2027

    LIST OF FIGURES

    FIGURE 1 Global Butyl Acetate Market Segmentation

    FIGURE 2 Forecast Research Methodology

    FIGURE 3 Five Forces Analysis of Global Butyl Acetate Market

    FIGURE 4 Value Chain of Global Butyl Acetate Market

    FIGURE 5 Share of Global Butyl Acetate Market in 2020, by Country

    FIGURE 6 Global Butyl Acetate Market, 2020−2027,

    FIGURE 7 Global Butyl Acetate Market Size, by Application, 2020

    FIGURE 8 Share of Global Butyl Acetate Market, by Application, 2020−2027

    FIGURE 9 Global Butyl Acetate Market Size, by End-Use Industry, 2020

    FIGURE10 Share of Global Butyl Acetate Market, by End-Use Industry, 2020−2027