Global Butyl Acetate Market, 2013-2023
Butyl acetate is widely used as a solvent for lacquers, since it provides good flow and brush resistance in film-coating resins such as cellulose nitrate, cellulose acetate butyrate, ethyl cellulose, polystyrene, and methyl methacrylate resins. It is also largely used as a solvent in the manufacture of plastics, textiles, artificial leathers, as an ingredient for perfumes & synthetic flavors, and as an extractant for oils & pharmaceuticals. Butyl acetate also serves as a raw material in certain coating, cosmetic and adhesive industries.
The global butyl acetate market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global butyl acetate market is growing at a fast pace and increasing its geographical footprint rapidly. The global butyl acetate market is valued at US $ xx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xx million dollars by the end of 2023 in value.
The demand for butyl acetate has been swelling consistently, aggressively during peak season for solvents. In addition to that, increasing usage of water-based coatings by the building and constructing industry as well as growing demand for automotive paints are also reflecting positively on the market.
Over exposure to butyl acetate causes irritation to human body. Hence various health organizations have been involved in continuously monitoring the exposure levels. Increasing R&D activities towards developing innovative products such as tetra-butyl acetate as a substitute to volatile organic compounds are expected to provide new opportunities for the growth of the market
The global globalbutyl market constitutes of large number of international and national market players. Some of the primary market players in the industry include The Dow Chemical Company, BASF SE, Celanese Corporation, Eastman Chemical Company, INEOS Oxide Ltd, and Yangtze River Acetyls are some of the key companies currently ahead of the curve in the global butyl acetate market. .
The research process includes the market segmentation of the global butyl acetate market, identifying the growth determinants of every market segment and market forecasts. The primary source from the supply side includes industry experts, CEOs, vice president, directors, and key executives of various industry players. The primary source from demand side includes marketing manager and experts from various application industries. Market Krystal held more than 40 interviews for this study, details of which are mentioned:
By company type: Manufacturers (40%), Suppliers (20%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)
By geography: North America (25%), Asia (40%), Europe (20%), Rest of the World (15%)
By designation: Top level (40%), Operation level (20%), Mid-level (40%)