Innovation Benchmarking in Butyl Acetate (BAC) Market
The
market for butyl acetate (BAC or butac), which primarily is a
colorless flammable liquid ester with fragrance, is flourishing on
the back of the prosperity of its various end-use industries such as
building and construction and automotive. In addition to that, butyl
acetate is now frequently used as synthetic fruit flavoring agent for
the manufacturing of food products such as cheese, ice creams, bakery
products, and candles. It also is used as a raw material for the
production of cosmetics, industrial adhesives, and certain coating.
Consequently, as each of these industries touch new peaks in the near
future, the demand in the global butyl acetate market is anticipated
to increment at a notable CAGR during the forecast period of 2017 to
2025.
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Report Overview @
This
report on the global butyl acetate market is a comprehensive
assessment of the current potential and future prospects as far as
demand is concerned, providing figurative evaluations and
estimations, projecting aspects that the vendors of this market must
concentrate on to earn maximum profits. The report comprises of an
executive summary on how the demand has evolved in the global butyl
acetate market and where it is headed, in-depth analysis of factors
that will define the demand during the aforementioned forecast
period, segmentations, regional and country-wide demand assessment,
and a dedicated chapter on the competitive landscape, wherein several
prominent vendors have been analyzed for their product portfolio,
market share, business strategies, and geographical presence. The
report aspires to act a reliable business tool for its targeted
audiences such as manufacturers of butyl acetate, suppliers and
distributors, research organizations, and government agencies.
Global
Butyl Acetate Market: Trends and Opportunities
The
demand for butyl acetate has been swelling consistently, aggressively
during peak season for solvents. In addition to that, increasing
usage of water-based coatings by the building and constructing
industry as well as growing demand for automotive paints are also
reflecting positively on the market. A number of cosmetic products
and adhesives are now also produced using butyl acetate, which is
further providing traction to the market. Butyl acetate is now a
common solvent for the manufacturing of textiles, plastics,
artificial leathers, as an extractant for oils & pharmaceuticals
and as an ingredient for perfumes & synthetic flavors. On the
other hand, hazardous issues pertaining to the production of butyl
acetate and the need to continuously monitor the exposure level are
obstructing the market from attaining its true potential.
Application-wise,
the butyl acetate market can be segmented into pharmaceuticals,
paints and coatings, plasticizers, perfumery and flavors, electrical,
and others, whereas end use bifurcation of the market can be done
into the industries of homebuilding and automotive.
Global
Butyl Acetate Market: Regional Analysis
Asia
Pacific, driven by the emerging economy of China, is currently the
most lucrative region in the BAC market. There are a number of
prominent producers of butyl acetate who hail from China and are
gaining strong demand from prospering building and constructing
industry in the region. As far as the U.S. butyl acetate market is
concerned, the Hurricane Harvey has caused significant damage that in
turn is expected to provide momentum as transportation logistics
improve in the near future. Over in the European region, a number of
companies are expected to recover the demand since the end of
thanksgiving and Christmas holidays in the near year 2018.
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Global
Butyl Acetate Market: Competitive Landscape
The
Dow Chemical Company, BASF SE, BASF-PETRONAS, Celanese Corporation,
Eastman Chemical Company, INEOS Oxide Ltd, and Yangtze River Acetyls
are some of the key companies currently ahead of the curve in the
global butyl acetate market.
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Email: sales@transparencymarketresearch.com
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