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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Butyl Acetate Market size was valued at US$ 14.24 billion in 2022, growing at a CAGR of 3.6% from 2023 to 2029. The global market provides a detailed overview of the market and that can be segmented by application and end-user. By application, the butyl acetate market has been segmented into the paint & coating industry, cosmetic & pharmaceutical industry, perfumes & flavor industry, and others. The cosmetic & pharmaceutical industry segment is likely to be the largest and fastest-growing segment in terms of application. On the basis of end-users, the market is segregated into automotive and home building. The automotive held a considerable market share during the forecast period.
Study Period
2024-2030Base Year
2023CAGR
3.6%Largest Market
Asia-PacificFastest Growing Market
MEA
Regulations that limit the use of volatile organic solvents in the manufacture of a range of products, increased demand for butyl acetate in cosmetic products and adhesives, expanding use of water-based coatings and automotive paints, and increased R&D efforts to generate novel products are some key factors fueling the market growth.
Due to the increased use of automotive paints and coatings, Asia-Pacific dominates the butyl acetate industry. Additionally, the existence of significant key players and the region's prominence as a butyl acetate importer would support the expansion of the butyl acetate market in the region throughout the estimation period. Middle Eastern governments are increasing their efforts to persuade different chemical and petrochemical businesses, which is expected to result in notable growth in the butyl acetate market. Furthermore, it is expected that increasing expenditures in the construction of butyl acetate production facilities would fuel the region's butyl acetate market expansion in the upcoming years.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 14.24 billion |
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Market CAGR |
3.6% |
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By Application |
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By End User |
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By Region |
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The butyl acetate market is projected to expand at a CAGR of 3.6% during the forecast period
The major players in the global butyl acetate market are OXEA, BASF SE, Celanese Corporation, China National Petroleum Corporation, Eastman Chemical Company, INEOS Oxide Ltd, Dow Chemical Company, Sasol Limited and Yangtze River Acetyls.
Asia-Pacific is the fastest-growing region for the butyl acetate market
| 1. Executive Summary |
| 2. Global Butyl Acetate Market Introduction |
| 2.1. Global Butyl Acetate Market - Taxonomy |
| 2.2. Global Butyl Acetate Market -Definitions |
| 2.2.1. By Application |
| 2.2.2. By End User |
| 2.2.3. By Region |
| 3. Global Butyl Acetate Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Butyl Acetate Market Dynamic Factors - Impact Analysis |
| 3.6. Global Butyl Acetate Market - Competition Landscape |
| 4. Global Butyl Acetate Market Analysis, 2018-2022 and Forecast, 2023-2029 |
| 4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Butyl Acetate Market, By Application 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.1. Paint & Coating Industry |
| 5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Cosmetic & Pharmaceutical Industry |
| 5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Perfumes & Flavor Industry |
| 5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Others |
| 5.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6. Global Butyl Acetate Market, By End User, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.1. Automotive |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Home Building |
| 6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global Butyl Acetate Market Forecast, By Region, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Butyl Acetate Market - Opportunity Analysis Index, By Application, End User, and Region, 2023-2029 |
| 8. North America Butyl Acetate Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.1. By Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Paints & Coatings Industry |
| 8.1.2. Cosmetics & Pharmaceutical Industry |
| 8.1.3. Perfumes & Flavor Industry |
| 8.1.4. Others |
| 8.2. End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1. Automotive |
| 8.2.2. Home Building |
| 8.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Butyl Acetate Market - Opportunity Analysis Index, By Application, End User, and Country, 2023-2029 |
| 8.5. North America Butyl Acetate Market Dynamics - Trends |
| 9. Europe Butyl Acetate Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 9.1. Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Paints & Coatings Industry |
| 9.1.2. Cosmetics & Pharmaceutical Industry |
| 9.1.3. Perfumes & Flavor Industry |
| 9.1.4. Others |
| 9.2. End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Food & Beverages |
| 9.2.2. Medicinal Products |
| 9.2.3. Chemicals |
| 9.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Rest of Europe |
| 9.4. Europe Butyl Acetate Market - Opportunity Analysis Index, By Application, End User, and Country, 2023-2029 |
| 9.5. Europe Butyl Acetate Market Dynamics - Trends |
| 10. Asia-Pacific Butyl Acetate Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 10.1. Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Paints & Coatings Industry |
| 10.1.2. Cosmetics & Pharmaceutical Industry |
| 10.1.3. Perfumes & Flavor Industry |
| 10.1.4. Others |
| 10.2. End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Automotive |
| 10.2.2. Home Building |
| 10.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. China |
| 10.3.2. India |
| 10.3.3. Japan |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Butyl Acetate Market - Opportunity Analysis Index, By Application, End User, and Country, 2023-2029 |
| 10.5. Asia-Pacific Butyl Acetate Market Dynamics - Trends |
| 11. Latin America Butyl Acetate Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 11.1. Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Paints & Coatings Industry |
| 11.1.2. Cosmetics & Pharmaceutical Industry |
| 11.1.3. Perfumes & Flavor Industry |
| 11.1.4. Others |
| 11.2. End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Automotive |
| 11.2.2. Home Building |
| 11.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America Butyl Acetate Market - Opportunity Analysis Index, By Application , End User, and Country, 2023-2029 |
| 11.5. Latin America Butyl Acetate Market Dynamics - Trends |
| 12. Middle East and Africa Butyl Acetate Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 12.1. Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Paints & Coatings Industry |
| 12.1.2. Cosmetics & Pharmaceutical Industry |
| 12.1.3. Perfumes & Flavor Industry |
| 12.1.4. Others |
| 12.2. End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Automotive |
| 12.2.2. Home Building |
| 12.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA Butyl Acetate Market - Opportunity Analysis Index, By Application, End User, and Country, 2023-2029 |
| 12.5. MEA Butyl Acetate Market Dynamics - Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Storage Type Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. OXEA |
| 13.2.2. BASF SE |
| 13.2.3. Celanese Corporation |
| 13.2.4. China National Petroleum Corporation |
| 13.2.5. Eastman Chemical Company |
| 13.2.6. INEOS Oxide Ltd |
| 13.2.7. Dow Chemical Company |
| 13.2.8. Sasol Limited |
| 13.2.9. Yangtze River Acetyls |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.