Global Butyl Acetate Market, By Application (Paints & Coatings, Pharmaceuticals, Perfumery & flavours, Plasticizers, Electricals and Others), End Use Industry (Automotive, Homebuilding and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Butyl Acetate Market
The butyl acetate market is expected to witness market growth at a rate of 3.4% in the forecast period of 2021 to 2028 and is expected to reach USD 3,308.8 billion by 2028. Data Bridge Market Research report on butyl acetate market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the interest in car paints is escalating the growth of butyl acetate market.
Butyl acetate is broadly utilized as a solvent for lacquers, since it offers a good flow and brush resistance in film-coating resins including cellulose acetate butyrate, cellulose nitrate, polystyrene, ethyl cellulose and methyl methacrylate resins. It is also mostly utilized as a solvent in the manufacture of textiles, plastics, artificial leathers, as an ingredient for synthetic flavours & perfumes, and as an extractant for oils & pharmaceuticals. Butyl acetate is usually utilized as a synthetic fruit flavouring in specific food products including ice creams, cheese, candies, and baked goods.
Major factors that are expected to boost the growth of the butyl acetate market in the forecast period are the rise in the utilization of water-based coatings by the building and constructing industry. Furthermore, the increase in the need for butyl acetate in cosmetic products and adhesives is further anticipated to propel the growth of the butyl acetate market. Moreover, the increasing need for automotive paints is further estimated to cushion the growth of the butyl acetate market. On the other hand, the rise in the health concerns related to the hazardous usage of butyl acetate is further projected to impede the growth of the butyl acetate market in the timeline period.
- In addition, the growing of research and development activities towards advancing innovative products such as tert-butyl acetate as a substitute to volatile organic compounds (VOCs) will further provide potential opportunities for the growth of the butyl acetate market in the coming years. However, the growing demand to constantly monitor the exposure level might further challenge the growth of the butyl acetate market in the near future.
This butyl acetate market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the butyl acetate market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Butyl Acetate Market Scope and Market Size
The butyl acetate market is segmented on the basis of application and end use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of application, the butyl acetate market is segmented into paints & coatings, pharmaceuticals, perfumery & flavours, plasticizers, electricals and others.
- On the basis of End Use Industry, the butyl acetate market is segmented into automotive, homebuilding and others.
Butyl Acetate Market Country Level Analysis
The butyl acetate market is analysed, and market size, volume information is provided by country, application and end use industry as referenced above.
The countries covered in the butyl acetate market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the butyl acetate market due to the rise in the usage of automotive paints and coatings. Furthermore, the occurrence of major key players and being a protuberant importer for butyl acetate will further boost the growth of the butyl acetate market in the region during the forecast period. Middle East is projected to observe significant amount of growth in the butyl acetate market due to the rise in the efforts by the governments to appeal various petrochemical and chemical companies. Moreover, the growing investments for establishing butyl acetate manufacturing facilities is further anticipated to propel the growth of the butyl acetate market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Butyl Acetate Market Share Analysis
The butyl acetate market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the butyl acetate market.
The major players covered in the butyl acetate market report are BASF SE, Dow, Petroliam Nasional Berhad (PETRONAS), Eastman Chemical Company, Celanese Corporation, INEOS, Yangtze River Acetyls Co Ltd, Thermo Fisher Scientific, Yip’s Chemical Holdings Limited, Alfa Aesar, Mitsubishi Chemical Holding Corporation, Sasol Limited, Solventis, Shatabdi Chemicals (P) Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (M.E.A.), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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