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

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.

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.

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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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