Butyl acetate or butyl ethanoate is defined as an organic compound which is extensively used as a solvent for production of lacquers and other products. It is considered as a flammable colorless liquid which is available in several types of fruits. It is usually applicable as a synthetic fruit flavoring in different food products including cheese, ice creams, candies and baked goods. It is mainly produced by the Fischer esterifaction of acetic acid and butanol isomer with the help of catalytic sulfuric acid. Butyl acetate also acts as a raw material in several end use industries.
MARKET DYNAMICS
The butyl acetate market has witnessed a significant growth owing to factors such as surge in demand for butyl acetate across building and construction and automotive industry. Moreover, growing use of water-based coatings and automotive paints provides a huge market opportunity for the key players operating in the Butyl Acetate market. However, hazardous issues associated with the manufacture of butyl acetate is projected to hamper the overall growth of the butyl acetate market.
MARKET SCOPE
The "Global Butyl Acetate Market Analysis to 2028" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the butyl acetate market with detailed market segmentation by type, application and geography. The global Butyl Acetate market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading butyl acetate market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global butyl acetate market is segmented on the basis of type and application. Based on type, the global butyl acetate market is divided laboratory grade, industry grade and others. Based on applications, the global butyl acetate market is divided automotive industries, food and beverage industries, cosmetic and adhesive industries and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global butyl acetate market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Butyl Acetate market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the butyl acetate market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Butyl Acetate market in these regions.
MARKET PLAYERS
The reports cover key developments in the butyl acetate market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of marketplayers. The marketpayers from butyl acetate market is anticipated to lucrative growth opportunities in the future with the rising demand for butyl acetate in the global market. Below mentioned is the list of few companies engaged in the butyl acetate market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the butyl acetate market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Alfa Aesar GMBH & CO KG
- BASF SE
- Celanese Corporation
- China National Petroleum Corporation
- Eastman Chemical Company
- INEOS Oxide Ltd
- Mitsubishi Chemical
- Sasol Limited
- The Dow Chemical Company
- Yangtze River Acetyls
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