Butyl Acetate Market Size Worth USD 1.86 Billion in 2032 | Emergen Research

The global butyl acetate market size was USD 1.32 Billion in 2022 and is expected to register a rapid revenue CAGR of 3.4% during the forecast period. The global market for butyl acetate, a versatile organic ester utilized in various industries such as automotive, construction, paints, coatings, adhesives, and more, is experiencing significant growth driven by multiple factors. Market research indicates that the increasing demand for butyl acetate in automotive coatings and refinishing applications, coupled with the rapid expansion of the construction industry, are primary drivers of market revenue growth.

Butyl acetate, also known as butyl ethanoate, is renowned for its solvency and odor properties, making it an essential ingredient in products where these characteristics are crucial. It finds applications in flavorings, paints, coatings, adhesives, inks, and others, owing to its colorless appearance and pleasant fruity fragrance.

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The expanding utilization of butyl acetate in the construction and automotive sectors, particularly in the production of coatings, lacquers, and varnishes, is significantly contributing to the market's revenue growth trajectory. The global paint and coatings industry, estimated at approximately USD 160 billion in 2021, is projected to exceed USD 235 billion by 2029, further underlining the market's potential.

For instance, leading companies like PPG introduced innovative products like Envirocron PCS P4 powder coatings, catering to various applications in building construction, furniture, and metal surfaces. Such developments address the increasing demand for high-quality finishes, with butyl acetate playing a crucial role as a solvent in paints, coatings, and varnishes production.

Furthermore, the rising need for protective coatings in infrastructure projects such as highways, bridges, and public buildings is fueling demand for butyl acetate. With numerous infrastructure projects underway globally, including high-speed rail lines and other transportation networks, the demand for coatings, paints, and adhesives continues to rise.

However, market growth faces restraints due to high competition from alternative solvents and chemicals. Price-conscious customers in industries like paints, coatings, and adhesives often prioritize cost-effectiveness, posing challenges for butyl acetate market expansion. Additionally, the availability of substitute solvents could potentially hinder market revenue growth.

Segment-wise, the paints and coatings industry accounts for the largest revenue share in the global butyl acetate market. Butyl acetate's versatility as a solvent makes it indispensable in paint formulations, aiding in resin dissolution and improving application qualities. Its compatibility with solvent-based and water-based paints, coupled with its role in reducing Volatile Organic Compounds (VOCs), aligns with environmental standards, driving the adoption of low-VOC paints.

In the pharmaceutical sector, butyl acetate is witnessing steady growth, primarily due to its utility as a solvent in pharmaceutical formulations. From dissolving excipients and Active Pharmaceutical Ingredients (APIs) to enhancing film coatings for tablets and pills, butyl acetate plays a crucial role in pharmaceutical manufacturing.

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Butyl Acetate Top Companies and Competitive Landscape

The global butyl acetate market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective butyl acetate products in the market.

Some of the major companies included in the global butyl acetate market report are:

• BASF SE
• DowDuPont
• Eastman Chemical Company
• Celanese Corporation
• INEOS
• Yangtze River Acetyls
• Mitsubishi Chemical Corporation
• Sasol
• Alfa Aesar
• Sipchem
• Industrials Monfel

Butyl Acetate Latest Industry News

• On 6 August 2021, BASF, the leading German chemical company, along with its Chinese joint venture partner Sinopec, announced to enhance various downstream facilities at its jointly operated Nanjing petrochemical complex, known as BASF-YPC. A significant investment will introduce a Tert-Butyl Acrylate (TBA) unit in Nanjing, expanding BASF's integrated production network referred to as Verbund. This unit will be supplied with on-site produced acrylic acid and isobutene. Notably, this marks the inaugural application of this advanced production technology outside of Germany.

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Butyl Acetate Market Segment Analysis

For the purpose of this report, Emergen Research has segmented the global butyl acetate market on the basis of type, application, end use, and region:

• Type Outlook (Revenue, USD Billion; 2019-2032)
o Normal Butyl Acetate
o Isobutyl Acetate
• Application Outlook (Revenue, USD Billion; 2019-2032)
o Paints
o Coatings
o Chemicals
o Pharmaceuticals
o Perfumes
o Flavors
• End-use Outlook (Revenue, USD Billion; 2019-2032)
o Automotive and Transportation
o Building and Construction
o Healthcare
o Food and Beverage (F&B)
• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey

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