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.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.
Asia Pacific was the largest consumer for butyl acetate consuming a substantial share of the market over the past few years. The market for butyl acetate in emerging economies such as China has been well-established on account of increasing use of automotive paints and coatings. China also serves as a prominent importer for butyl acetate; hence, the market dynamics in the country are strongly dependent on the exporting regions. European market for butyl acetate is anticipated to witness a slow growth rate as various manufacturers are shifting their focus from Europe to Asia Pacific on account of the wide production-demand gap in the latter region. However, demand for butyl acetate from regions in rest of the world (ROW) is expected to rise significantly, primarily driven by huge investments in Saudi Arabia for establishing butyl acetate manufacturing facilities. The Saudi Arabian government has successfully designed its policies for the purpose of attracting certain large scale chemical companies in the country. In addition, easy availability of raw materials for petrochemicals and strategic location of the country have attracted various companies towards establishing their production units in the country.
In 2019, the market size of Butyl Acetate is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
Report Sample includes:
– Table of Contents
– List of Tables & Figures
– Research Methodology
Get FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-europe-china-united-states-butyl-acetate-2019-2025-328
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Butyl Acetate.
This report studies the global market size of Butyl Acetate, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Butyl Acetate production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
- China National Petroleum Corporation
- Ineos Oxide
- Mitsubishi Chemical
Market Segment by Product Type
- Laboratory Grade
- Industry Grade
Market Segment by Application
- Automotive Industries
- Food and Beverage Industries
- Cosmetic and Adhesive Industries
Key Regions split in this report: breakdown data for each region.
- United States
- European Union
- Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
- To analyze and research the Butyl Acetate status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
- To present the key Butyl Acetate manufacturers, presenting the sales, revenue, market share, and recent development for key players.
- To split the breakdown data by regions, type, companies and applications
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends, drivers, influence factors in global and regions
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Butyl Acetate are as follows:
- History Year: 2014–2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2025
Get the Complete Report & TOC at https://www.24marketreports.com/chemicals-and-materials/global-europe-china-united-states-butyl-acetate-2019-2025-328
276 5th Avenue, New York , NY 10001,United States
International: (+1) 646 781 7170
Follow Us On linkedin :- https://www.linkedin.com/company/24-market-reports