GITNUX MARKETDATA REPORT 2024

Butyl Acetate Industry Statistics

The Butyl Acetate industry is projected to experience steady growth in the coming years due to increasing demand from various end-use sectors such as paints, coatings, and adhesives.

With sources from: grandviewresearch.com, gminsights.com, globalmarketestimates.com, imarcgroup.com and many more

Statistic 1

The global Butyl Acetate market size was valued at USD 4.36 billion in 2020.

Statistic 2

It is projected to expand at a CAGR of 4.5% from 2021 to 2028.

Statistic 3

China was the largest producer of Butyl Acetate, accounting for 39% of global production in 2019.

Statistic 4

The use in Cosmetics & Toiletries industry accounted for 35.3% of Butyl Acetate consumption in 2020.

Statistic 5

Butyl Acetate production in the Asia Pacific is estimated to increase by 6.8% CAGR from 2021 to 2028.

Statistic 6

Europe held a significant volume share exceeding 20% in 2020.

Statistic 7

The demand in the paints and coatings industry is expected to grow at a CAGR of 3.5% between 2021 and 2028.

Statistic 8

The market size of Butyl Acetate in the United States in 2021 is estimated to be USD 922.1 million.

Statistic 9

It is estimated that Latin America accounted for 7.9% of the global demand in 2020.

Statistic 10

Pharmaceutical applications are expected to grow by 5.4% CAGR from 2021 to 2028.

Statistic 11

The UAE and Brazil are the fastest growing market for Butyl Acetate in the Middle East and Latin America, respectively.

Statistic 12

By 2028, the Butyl Acetate market is projected to reach up to USD 5.1 billion.

Statistic 13

The industrial sector is likely to possess a moderate growth rate of 3.9% in the following years.

Statistic 14

The India Butyl Acetate market grew at a CAGR of 5.4% during 2014-2019.

Statistic 15

Japan, India, and South Korea accounted for a substantial share of over 40% in the Asia Pacific market in 2020.

Statistic 16

The Middle East and Africa accounted for only 5.7% of the global demand in 2020.

Statistic 17

Food & beverages industry is likely to continue its steady growth with a CAGR of 4.5% during 2021-2028.

Statistic 18

The raw materials for Butyl Acetate, such as acetic acid, were traded at an average of USD 409 per ton in 2019.

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In this post, we will explore key statistics and insights surrounding the global Butyl Acetate industry. From market size figures and production dynamics to regional trends and future projections, these data points offer a comprehensive overview of the evolving landscape within this sector. Let’s delve into the numbers that shape the Butyl Acetate market.

Statistic 1

"The global Butyl Acetate market size was valued at USD 4.36 billion in 2020."

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Statistic 2

"It is projected to expand at a CAGR of 4.5% from 2021 to 2028."

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Statistic 3

"China was the largest producer of Butyl Acetate, accounting for 39% of global production in 2019."

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Statistic 4

"The use in Cosmetics & Toiletries industry accounted for 35.3% of Butyl Acetate consumption in 2020."

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Statistic 5

"Butyl Acetate production in the Asia Pacific is estimated to increase by 6.8% CAGR from 2021 to 2028."

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Statistic 6

"Europe held a significant volume share exceeding 20% in 2020."

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Statistic 7

"The demand in the paints and coatings industry is expected to grow at a CAGR of 3.5% between 2021 and 2028."

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Statistic 8

"The market size of Butyl Acetate in the United States in 2021 is estimated to be USD 922.1 million."

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Statistic 9

"It is estimated that Latin America accounted for 7.9% of the global demand in 2020."

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Statistic 10

"Pharmaceutical applications are expected to grow by 5.4% CAGR from 2021 to 2028."

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Statistic 11

"The UAE and Brazil are the fastest growing market for Butyl Acetate in the Middle East and Latin America, respectively."

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Statistic 12

"By 2028, the Butyl Acetate market is projected to reach up to USD 5.1 billion."

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Statistic 13

"The industrial sector is likely to possess a moderate growth rate of 3.9% in the following years."

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Statistic 14

"The India Butyl Acetate market grew at a CAGR of 5.4% during 2014-2019."

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Statistic 15

"Japan, India, and South Korea accounted for a substantial share of over 40% in the Asia Pacific market in 2020."

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Statistic 16

"The Middle East and Africa accounted for only 5.7% of the global demand in 2020."

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Statistic 17

"Food & beverages industry is likely to continue its steady growth with a CAGR of 4.5% during 2021-2028."

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Statistic 18

"The raw materials for Butyl Acetate, such as acetic acid, were traded at an average of USD 409 per ton in 2019."

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Interpretation

The Butyl Acetate industry is experiencing significant growth, with projections indicating a continuous expansion in various regions and sectors. China leads as the largest producer, while the Asia Pacific region is expected to see a substantial increase in production. Different industries such as Cosmetics & Toiletries, paints and coatings, and pharmaceuticals are driving the demand for Butyl Acetate. With a steady rise in market size and key players emerging in different markets, the global Butyl Acetate market is poised for continued growth, reaching up to USD 5.1 billion by 2028.

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