The new report by Expert Market Research titled, ‘Global Butyl Acetate Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global butyl acetate market, assessing the market based on its segments like applications and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2015-2025)

• Forecast CAGR (2020-2025): 4%

The rising usage of automotive paints and water-based coatings are driving the global butyl acetate market growth. Significant growth in the automotive industry is aiding the butyl acetate market for automotive paints. The increased adoption of butyl acetate in the cosmetics and adhesives industry is expected to add to the market growth. It is used as a key ingredient in perfumes and synthetic flavours. The growing food and beverage industry is anticipated to create a demand for butyl acetate. The rising disposable incomes among the consumers are expected to aid the market. The growing research and development activities in the pharmaceutical industry could create new opportunities for the product. These factors are projected to drive the demand for butyl acetate during the forecast period.

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Industry Definition and Major Segments

Butyl acetate, also known as butyl ethanoate, is an organic compound that is primarily used as a solvent in manufacturing processes across various industries. It is used as a flavouring agent in a wide variety of food products such as candy, ice cream, baked goods, and cheeses.

Based on application, the market can be segmented into:

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

The major regional markets for butyl acetate are:

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

Market Trends

Butyl acetate has emerged as a common solvent for the manufacturing of textiles, plastics, and artificial leather. The growing adoption of butyl acetate in the building and construction sector is adding to the growth opportunities for the market. Butyl acetate is being increasingly adopted as a solvent in water-based coatings. The leading players in the butyl acetate industry are investing in R&D activities to develop novel products such as tert-butyl acetate, providing new opportunities for the growth of the market.

Key Market Players

The major players in the market are Dow Chemical Company (BVMF: C1TV34), Eastman Chemical Company (NYSE: EMN), Celanese Corporation (NYSE: CE), BASF SE (ETR: BAS), INEOS Group, Shatabdi Chemicals (P) Ltd., and Solvent Wistol S.A., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviors. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

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