Global Butyl Acetate Market Demand & Forecast Analysis, 2016-2032

Executive Summary : - 

The major types of butyl acetate include n-butyl acetate and isobutyl acetate. The major applications of butyl acetate include paints & coatings, pharmaceuticals, food flavours, electrical & electronics, personal care, plasticizers, and others. n-Butyl acetate is a flavouring ingredient used in many industries and paints & coatings account for the biggest market outlet.

According to Prismane Consulting s global Butyl acetate demand-supply market model, the regional Butyl acetate demand has been influenced by regional economic growth in the building & construction sector, automotive production, OEM and plastics & polymers market while the pricing analytics show that raw materials and feedstock prices have also impacted the overall butyl acetate prices. In terms of regional consumption, Asia-Pacific account for the highest share of around 75%. China is the fastest and largest market in the region as most of the end-use sectors have witnessed significant growth. Globally, the country accounts for almost more than half of the total demand.

The demand growth pattern is expected to be different in each of the region. The Asia-Pacific region is expected to grow at a faster region with countries like China and India witnessing high growth rates. All other mature regions are likely to witness below average growth rates. According to Prismane Consulting s market model, global butyl acetate market is estimated to grow at a CAGR of 3.2% in the long-term forecast till 2025.