H1 2023: During H1 2023, the top Asian producers of Butyl Acetate were Baichuan Chemical Industrial Co., Ltd, Jiangmen Handsome Chemical Development, Celanese Singapore Pte Ltd. Geographically, Asia Pacific region held major shares of the Butyl Acetate market in terms of volume across the globe. However, during the first half of 2023, Butyl Acetate prices showed multiple variations in the Asia Pacific region. Prices for butyl acetate in Asian nations increased from January to the middle of February 2023 as manufacturing expenses increased as a result of high feedstock butanol prices. As the construction sector was in full swing, usage in downstream paints & coatings and adhesive usage also rose Butyl acetate's price, on the other hand, started to trend downward in the middle of February 2023. In the Asian markets, the demand for butyl acetate was constantly sluggish. Additionally, the end user sectors placed less orders, which contributed to the Asian market's lower pricing attitude. As butanol and acetic acid prices fell in Asian countries, the production cost was muted. The prices of Butyl Acetate fell continuously in the Asian nations from April – June 2023. This was backed by the hazy demand by the downstream paints & coatings industry in the region.
The Asia Pacific Butyl Acetate market size was roughly 1480 thousand tonnes in 2022 and is expected to grow at a CAGR of 5.33% during the forecast period until 2032.
Many different industries use butyl acetate extensively, including paints and coatings, adhesives, medicines, and textiles. A sizable portion of the butyl acetate market is accounted for by the paints and coatings sector. It is a favoured choice as a solvent in varnishes, paints, and lacquers due to its outstanding solvency and capacity to dissolve a variety of resins and polymers. The demand for butyl acetate in the paints and coatings industry is anticipated to continue growing due to the rising demand for decorative coatings and the expansion of the building sector in various economies. Another significant user of butyl acetate is the pharmaceutical industry. When creating pharmaceutical products including capsules, tablets where it serves as a solvent.
The butyl acetate market is being driven by the rise in water-based paint and coating use in the Asia Pacific region. Throughout the course of the research period, it is also projected that growing demand for butyl acetate from the adhesives and cosmetics industries will fuel market growth. The development of cutting-edge products, such as tert-butyl acetate as a substitute for volatile organic compounds is also projected to open up new opportunities for the market expansion of butyl acetate in the Asian countries. The demand for butyl acetate in the pharmaceutical industry is driven by rising healthcare costs and a rise in the popularity of generic medications. The Butyl Acetate Market is expected to grow at a significant rate over the forecast period and reach a volume of 2370 thousand tonnes by 2032.
Based on region, Asia Pacific is dominating the Butyl Acetate market. In 2022, Asia Pacific held a market share of approximately 56% of the total Butyl Acetate market. Geographically, APAC Butyl Acetate market is divided into China, Japan, Singapore, Malaysia, and Rest of APAC. The demand for paints, coatings, and adhesives is being fueled by the growing population, rising disposable income, and expanding construction and automotive industries, which is driving the demand for butyl acetate as a solvent. Additionally, the greatest market share was held by the butyl acetate market in China, while the fastest-growing market in the Asia-Pacific region was that of India.
Based on the end-user industry, the Asia Pacific Butyl Acetate market is segmented into Paints & Coatings, Pharmaceuticals, Personal Care, Leather Industry, and Others. Paints & Coatings is the leading segment of the Butyl Acetate market with a consumption of 64% in 2022. Another interesting application is seen in the pharmaceutical sector. In the pharmaceutical industry, butyl acetate is mostly used as a solvent or extraction agent.
Major players in the production of Asia Pacific Butyl Acetate are Baichuan Chemical Industrial Co., Ltd, Jiangmen Handsome Chemical Development, Celanese Singapore Pte Ltd., Yankuang Goutai, Shandong Jinyimeng Group Co. Ltd., Weifang Yixing Chemical Sci&Tech Co.,Ltd, Yangtze River Acetyls Co. Ltd. (YARACO), Shiny Chemical Industrial CO.,Ltd., Chang Chun Petrochemical Co., Ltd., and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
This report will be delivered on an online digital platform with one-year subscription and quarterly update.
Objective of the Study:
• To assess the demand-supply scenario of Butyl Acetate which covers production, demand and supply of Butyl Acetate market in the globe.
• To analyse and forecast the market size of Butyl Acetate
• To classify and forecast Asia Pacific Butyl Acetate market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Butyl Acetate market in the globe.
To extract data for Asia Pacific Butyl Acetate market, primary research surveys were conducted with Butyl Acetate manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Asia Pacific Butyl Acetate market over the coming years.
ChemAnalyst calculated Butyl Acetate demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Butyl Acetate. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Butyl Acetate manufacturers and other stakeholders
• Organizations, forums and alliances related to Butyl Acetate distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Butyl Acetate manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Asia Pacific Butyl Acetate market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
1480 thousand tonnes
Market size Volume by 2032
2370 thousand tonnes
Growth Rate
CAGR of 5.33% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity By Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share, Manufacturing Process, Policy and Regulatory Landscape.
Segments covered
By End-Use: (Paints & Coatings, Pharmaceuticals, Personal Care, Leather Industry, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
I am satisfied with overall performance of ChemAnalyst. Weekly updates before the final report were especially helpful and reassuring. Additional requests on the interim and/or final reports were handled in a swift and professional manner
Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
Disruption Tracker
Disruption Tracker reflect the major shutdown on monthly basis which will help you in
tracking the inventory management and smooth functioning of business. Unforeseen shutdowns and disruptions
resulting in a loss of production capacity to impact the bottom line. The capacity tracker provides industries
with a global view of production and consumption capacity loss that reflects the corresponding conversion factors.
It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up
of new capacities. Additionally, it emphasizes how each shutdown—whether due to a maintenance turnaround or a case
of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was Asia Pacific market size of Butyl Acetate in terms of volume in 2022?
Ans:
The Asia Pacific market size of Butyl Acetate has reached approximately 1480 thousand tonnes in 2022.
Q2.
Which industry is leading as a consumer of Butyl Acetate?
Ans:
Paints & Coatings industry is the leading consumer of Butyl Acetate, which consumed roughly 64% of the Asia Pacific Butyl Acetate market in 2022.
Q3.
Do you offer single or multiuser license?
Ans:
Online Access 12 Months – Single User License (Up to 3 users can access the database) Online Access 12 Months – Enterprise License (Up to 10 Users can access the database)
Q4.
Will I get access to the analyst who authored this report?
Ans:
You will have 24/7 access to the analyst during the subscription period.
Our Solutions
Custom Research
We at ChemAnalyst provide tailor-made solutions to our clients based on their requirements which help them in building and expanding their business by developing customized strategy such as sales strategy, GTM Strategy, product portfolio and new product development. Our dedicated team helps clients in getting the best solution for their requirements. We at ChemAnalyst look forward to serving our clients for long term association.
Techno Economic Feasibility Report (TEFR)
ChemAnalyst provide TEFR reports which include market sizing, plant cost (ISBL and OSBL units), financial modelling, covering all the major financial calculations and ratios including production cost, IRR, major technology, licensing fee (if required), and others fixed and variable costs. TEFR reports will help the client to build greenfield project as well as brownfield expansion for a specific geography. Our Team of experts have delivered multiple TEFR reports which help clients in moving ahead of their business competition by grabbing the opportunity and expanding their business portfolio.
Price Benchmarking
Pricing benchmark report provides real-time data perpetuating current market scenarios, in a world that is changing at a rapid pace, having real-time prices is an imperative to make impactful insights and thereby informed decisions. The Price Benchmarking report provides pricing data for an individual market, or group of markets, which can be converted into localized insights and comparable listings. Benchmarking Reports help clients to make informed decisions by construing the data on several filters: region, country, category, grade and subsequently increasing their brand presence. Clients majorly require pricing benchmarks when they opt for a competitive pricing strategy.