Overview:The global butyl acetate market has been segmented on the basis of application, end-use industry, and region.By application, the global butyl acetate market has been classified into paints & coatings, pharmaceutical, perfumes, flavors, printing inks, and others.
The use of butyl acetate in the production of paints & coatings is increasing as it offers waterproof coatings as well as acts as a solvent for the preparation of paints and coatings.
Additionally, paints and coatings are used in the packaging and automotive industries due to their unique properties such as good evaporation rate and excellent protection offered by it.
The rapid growth of the construction industry is also expected to fuel the growth of the global butyl acetate market.On the basis of end-use industry, the global butyl acetate market has been divided into automotive & transportation, building & construction, healthcare, cosmetics, food & beverage, and electrical & electronics.
Among these, the building & construction industry held the largest share of the global butyl acetate market in 2017 and is expected to witness significant growth during the review period.
Furthermore, butyl acetate is used in spray paintings, lacquer coatings, glue manufacturing, and paint mixing, which contributes to its increasing use in the construction industry.Market players:Some of the major players operating in the global butyl acetate market are BASF SE (Germany), DowDuPont (US), Eastman Chemical Company (US), Celanese Corporation (US), INEOS (US), Yangtze River Butyl Acetate (China), Mitsubishi Chemical Corporation (Japan), Sasol (South Africa), Alfa Aesar (US), Sipchem (Saudi Arabia), Industrias Monfel, SA (Mexico), Merck KGaA (Germany), and Kai Co., Ltd. (South Korea).