Global Butyl Acetate Market Growth 2023-2029

Global Butyl Acetate Market Growth 2023-2029

Butyl acetate, also known as butyl ethanoate is an organic compound which is majorly used as a solvent for manufacturing lacquers and other products. It is a flammable colorless liquid which is found in various types of fruits. Butyl acetate is commonly used as a synthetic fruit flavoring in certain food products such as cheese, ice creams, candies and baked goods. It is primarily manufactured by the Fischer esterifaction of acetic acid and butanol isomer in the presence of catalytic sulfuric acid. Butyl acetate also serves as a raw material in certain coating, cosmetic and adhesive industries. Various isomers of butyl acetate are produced in the industry such as sec-butyl acetate, tert-butyl acetate and isobutyl acetate. 

LPI (LP Information)' newest research report, the “Butyl Acetate Industry Forecast” looks at past sales and reviews total world Butyl Acetate sales in 2022, providing a comprehensive analysis by region and market sector of projected Butyl Acetate sales for 2023 through 2029. With Butyl Acetate sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Butyl Acetate industry.

This Insight Report provides a comprehensive analysis of the global Butyl Acetate landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Butyl Acetate portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Butyl Acetate market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Butyl Acetate and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Butyl Acetate.

The global Butyl Acetate market size is projected to grow from US$ 1290.7 million in 2022 to US$ 1555 million in 2029; it is expected to grow at a CAGR of 1555 from 2023 to 2029.

The global market for butyl acetate has witnessed a significant growth over the past few years, primarily driven by the growing demand in the Asia Pacific region. Production facilities of the compound are primarily concentrated in North America and Europe, which also serve as the major exporting regions. Developed regions such as the Middle East is anticipated to gain significant share in the butyl acetate industry on account of increasing efforts by their governments to attract various petrochemical and chemical companies. 

This report presents a comprehensive overview, market shares, and growth opportunities of Butyl Acetate market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Laboratory Grade
Industry Grade
Others

Segmentation by application
Automotive Industries
Food and Beverage Industries
Cosmetic and Adhesive Industries
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
BASF
China National Petroleum Corporation
Eastman
Ineos Oxide
Mitsubishi Chemical
Sasol
Dow

Key Questions Addressed in this Report

What is the 10-year outlook for the global Butyl Acetate market?

What factors are driving Butyl Acetate market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Butyl Acetate market opportunities vary by end market size?

How does Butyl Acetate break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.