Global Butyl Acetate (BAC) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Application;

Paints, Coatings, Chemicals, Pharmaceuticals, Perfumes, and Flavors.

By End-Use Industry;

Automotive & Transportation, Building & Construction, Healthcare, and Food & Beverage.

By Geography;

North America, Europe, Asia Pacific, Middle East Africa, and Latin America.
Report ID: Rn138400095 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Butyl Acetate (BAC) Market (USD Million), 2021 - 2031

In the year 2024, the Global Butyl Acetate (BAC) Market was valued at USD 1,547.59 million. The size of this market is expected to increase to USD 1,659.22 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 1.0%.

The global Butyl Acetate (BAC) market is a significant sector within the chemicals industry, characterized by the production and application of butyl acetate, an ester commonly used as a solvent in a variety of industrial and commercial applications. Butyl acetate, with the molecular formula C6H12O2, is typically produced through the esterification of acetic acid with butanol. It is a colorless, flammable liquid with a pleasant, fruity odor and is widely used in paints, coatings, adhesives, and cleaning products due to its excellent solvent properties.

The BAC market is driven by its widespread utility in multiple industries, including automotive, construction, packaging, and textiles, where it is used primarily as a solvent in coatings, adhesives, and varnishes. Butyl acetate is particularly valued for its high evaporation rate, low toxicity, and ability to dissolve a wide range of organic compounds, making it an ideal choice for applications requiring fast-drying formulations. In the automotive industry, for example, BAC is used in automotive paints, coatings, and finishes, while in the pharmaceutical industry, it serves as a solvent in the production of active ingredients and pharmaceutical formulations.

Geographically, the BAC market is expanding globally, with strong demand in Asia Pacific, North America, and Europe. Asia Pacific, in particular, is a key driver of market growth, supported by the rapid industrialization in countries such as China, India, and Japan. In these regions, the expanding automotive, construction, and textile industries, coupled with a growing consumer base, have significantly contributed to the rise in demand for BAC. The increasing urbanization and industrial development in emerging economies are expected to continue fueling the growth of the BAC market.

The global market is witnessing a trend towards environmentally friendly and sustainable solutions. The demand for low-VOC (volatile organic compound) and eco-friendly solvents is increasing as governments and industries seek to reduce environmental impact. As a result, manufacturers are focusing on innovations in BAC production and formulation that comply with stringent environmental regulations while maintaining product efficiency.

In addition to these factors, the market faces challenges such as price volatility of raw materials, regulatory pressures, and the shift toward alternative solvents. Despite these hurdles, the continued growth of end-use industries and advancements in product development are expected to drive the global Butyl Acetate market forward in the coming years, offering lucrative opportunities for stakeholders across the value chain.

In conclusion, the global butyl acetate market is poised for steady growth, driven by its versatile applications and the expanding demand across diverse industrial sectors. With ongoing innovation and a shift towards sustainability, the BAC market is expected to evolve, presenting new opportunities for growth and profitability.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By Region
  4. Global Butyl Acetate (BAC) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand from End-Use Industries
        2. Rapid Industrialization and Urbanization in Emerging Markets
        3. Growing Focus on Eco-Friendly and Low-VOC Solvents
      2. Restraints
        1. Volatility in Raw Material Prices
        2. Stringent Environmental Regulations
        3. Fluctuating Raw Material Availability
      3. Opportunities
        1. Emerging Applications in Pharmaceuticals and Personal Care
        2. Technological Innovations in BAC Production
        3. Expanding Demand for Coatings and Automotive Applications
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Butyl Acetate (BAC) Market, By Application, 2021 - 2031 (USD Million)
      1. Paints
      2. Coatings
      3. Chemicals
      4. Pharmaceuticals
      5. Perfumes
      6. Flavors
    2. Global Butyl Acetate (BAC) Market, By End-Use Industry, 2021 - 2031 (USD Million)
      1. Automotive & Transportation
      2. Building & Construction
      3. Healthcare
      4. Food & Beverage
    3. Global Butyl Acetate (BAC) Market, By Geography, 2021 - 2031 (USD Million)

      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Dow Chemical Company
      2. Eastman Chemical Company
      3. Celanese Corporation
      4. BASF SE
      5. INEOS Group
      6. Shatabdi Chemicals (P) Ltd.
      7. Solvent Wistol S.A.
  7. Analyst Views
  8. Future Outlook of the Market