Butyl Acetate Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR71359
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The butyl acetate (BAC) market share is expected to increase by 216.77 thousand MT from 2021 to 2025, and the market’s growth momentum will accelerate at a CAGR of 3.25%.

This butyl acetate market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (paints and coatings and others) and geography (APAC, Europe, North America, South America, and MEA). The butyl acetate market report also offers information on several market vendors, including Alfa Aesar, Asia Petrochemicals LLC, BASF SE, Celanese Corp., Dow Inc., Eastman Chemical Co., INEOS Group Holdings SA, Kemikorp, Sasol Ltd., and Thermo Fisher Scientific Inc. among others.

What will the Butyl Acetate Market Size be in 2021?

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Butyl Acetate Market: Key Drivers and Trends

The increase in demand from developing countries is notably driving the BAC market growth, although factors such as high cost of development and quality maintenance may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the butyl acetate industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • The increase in demand from developing countries will fuel the growth of the butyl acetate market size.
  • India, China, Brazil, Mexico, the Philippines, and Indonesia are the key contributors to the global BAC market.
  • Many butyl acetate manufacturers are shifting their facilities to developing countries due to factors such as the easy availability of raw materials and land, cheap labor, low transportation costs, and relaxed government regulations and policies.
  • A significant increase in the consumption of BAC by thriving end-use industries in developing countries will be witnessed during the forecast period.
  • BAC manufacturing companies target emerging markets such as India, Angola, and Brazil. These countries are expected to spend heavily on detergents, personal care, and industrial cleaners. 
  • The increased demand from the construction industry in emerging economies will drive the butyl acetate market growth.
  • The entry of major construction players from Europe in the lucrative Chinese market in recent years has fueled the demand for BAC in the construction industry.
  • BAC manufacturers in the region will benefit from the growth of the construction industry during the forecast period, as BAC has applications in paints and coatings in the construction industry.
  • The population growth in MEA has increased the need for infrastructure development.
  • Events such as the FIFA World Cup 2022 in Qatar will increase the demand for hotels and transportation networks, thereby fostering the market growth for BAC during the forecast period.

This butyl acetate market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Butyl Acetate Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Alfa Aesar
  • Asia Petrochemicals LLC
  • BASF SE
  • Celanese Corp.
  • Dow Inc.
  • Eastman Chemical Co.
  • INEOS Group Holdings SA
  • Kemikorp
  • Sasol Ltd.
  • Thermo Fisher Scientific Inc.

 

This statistical study of the butyl acetate market encompasses successful business strategies deployed by the key vendors. The BAC market is fragmented and the vendors are deploying growth strategies such as increasing their investments in R&D to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The butyl acetate market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Butyl Acetate Market?

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51% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for butyl acetate in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growth of the end-user industries such as construction, automotive, pharmaceutical, and textile industries will facilitate the butyl acetate market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Butyl Acetate Market?

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The butyl acetate market share growth by the paints and coatings segment will be significant during the forecast period. In the paints and coatings industry, butyl acetate is used as a solvent in the production of lacquers and paints, inks, and coatings. Some of its applications include aerosol coatings, architectural coatings, aerospace coatings, automotive protective coatings, auto refinish, coil coatings, commercial and flexographic inks, and wood coatings. The increasing demand for architectural coatings, protective coatings, automotive coatings, industrial coatings, oil coatings, coatings for packaging, wood coatings, and powder coatings is expected to drive the demand for butyl acetate during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the BAC market size and actionable market insights on post COVID-19 impact on each segment.

 

Butyl Acetate Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.25%

Market growth 2021-2025

216.77 th MT

Market structure

Fragmented

YoY growth (%)

3.04

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 51%

Key consumer countries

China, US, India, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

Alfa Aesar, Asia Petrochemicals LLC, BASF SE, Celanese Corp., Dow Inc., Eastman Chemical Co., INEOS Group Holdings SA, Kemikorp, Sasol Ltd., and Thermo Fisher Scientific Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Factors Covered in this Butyl Acetate Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive butyl acetate market growth during the next five years
  • Precise estimation of the butyl acetate market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the BAC industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of BAC market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Paints and coatings - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Alfa Aesar
      • Asia Petrochemicals LLC
      • BASF SE
      • Celanese Corp.
      • Dow Inc.
      • Eastman Chemical Co.
      • INEOS Group Holdings SA
      • Kemikorp
      • Sasol Ltd.
      • Thermo Fisher Scientific Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The butyl acetate market growth will increase by $216.77 thousand MT during 2020-2025.
      The butyl acetate market is expected to grow at a CAGR of 3.25% during 2020-2025.
      Technavio has segmented the butyl acetate market by application (Paints and coatings and Others) and geographic (APAC, Europe, North America, South America, and MEA).
      Alfa Aesar, Asia Petrochemicals LLC, BASF SE, Celanese Corp., Dow Inc., Eastman Chemical Co., INEOS Group Holdings SA, Kemikorp, Sasol Ltd., Thermo Fisher Scientific Inc. are a few of the key vendors in the butyl acetate market.
      APAC will register the highest growth rate of 51.15% among the other regions. Therefore, the butyl acetate market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • China
      • US
      • India
      • Germany
      • France
      The key factors driving the butyl acetate market growth are:
      • Increase in demand from developing countries
      The butyl acetate market vendors should focus on grabbing business opportunities from the paints and coatings segment as it accounted for the largest market share in the base year.
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