N-Butyl Acetate Market Size Was Valued at USD 1.2 Billion in 2022 and is Projected to Reach USD 1.51 Billion by 2030, Growing at a CAGR of 2.95% From 2023-2030.
N-butyl acetate is a colorless, flammable liquid with a fruity odor, commonly used as a solvent in various industries such as paints, coatings, adhesives, and pharmaceuticals. It is derived from the esterification of butanol with acetic acid, offering excellent solvency properties and low volatility. N-butyl acetate serves as a key ingredient in formulations requiring fast drying, good flow, and high gloss finishes, making it valuable in numerous industrial and commercial applications.
Top Key Players Covered in The Global N-Butyl Acetate Market
DOW (USA), Eastman (USA), Celanese Corporation (USA), OXEA (Germany), BASF (Germany), Carbohim (Russia), Baichuan (China), Handsome (China), Jinyinmeng (China), Sanmu (China), Yankuang (China), Longtian (China), Shiny Chemical (China), Jidong Solvent (China), Chang Chun Petrochemical (Taiwan), Korea Alcohol Industrial (South Korea), PETRONAS (Malaysia), KH Neochem (Japan), and Other Major Players.
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Segmentation:
By Application
- Paints & Coatings
- Adhesives & Sealants
- Chemical Intermediates
- Pharmaceuticals
By End-User
- Automotive
- Construction
- Packaging
- Electronics
By Distribution Channel
- Direct Sales
- Distributors
- Online Retail
Key Industry Development of N-Butyl Acetate Market:
Increasing Demand in Paints and Coatings: N-Butyl Acetate is commonly used as a solvent in paints and coatings due to its high solvency power and low volatility. The growth of the construction and automotive industries has led to a rise in demand for paints and coatings, consequently driving the demand for N-Butyl Acetate.
Shift towards Environmentally Friendly Formulations: With growing environmental concerns, there’s a trend towards using eco-friendly solvents in various applications. N-Butyl Acetate, being relatively low in toxicity and having lower VOC (Volatile Organic Compound) emissions compared to other solvents, is gaining traction as a preferred choice in formulations aiming for environmental sustainability.
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By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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