The North American Butyl Acetate Market Is Forecast to Grow at a CAGR of 1.5% Per Year in 2018-2023

SOFIA, Bulgaria - Aug. 8, 2019 - PRLog -- According to a recently published report about the North American butyl acetate market, it was equal to 171 thousand tons in 2013. The largest country market within the region was the United States, which in 2013 accounted for a share of 81% of the total in volume terms. Until 2023, the North American market is forecast to reach around 210 thousand tons, thus growing at a CAGR of about 1.5% per annum in the period 2018-2023. This is a slight slowdown, compared to the growth at a CAGR of around 2.9% per year, registered in 2013-2017.

The analytical research projects that the North American production of butyl acetate is likely to stabilize at around 210 thousand tons in the medium term with no major changes. Similar dynamics of the overall installed production capacities in the region and their annual average utilization rates are also expected. In addition, the market is forecast to remain relatively balanced in terms of supply and demand, also showing moderately mixed dynamics in the medium term.

Consumption of butyl acetate in surface coatings depends heavily on construction activity, automotive production, as well as on refinish activity. In fact, the market has been growing in recent years due to the active construction and automotive production. The US paints and coatings demand, which usually peaks in the spring, is important to butyl acetate producers, so demand within that market defines to a larger extend the demand levels of butyl acetate.

As an overall, the report presents a strategic analysis of the butyl acetate market in North America and a forecast for its development in the medium term. It provides a comprehensive overview of the market, its dynamics, structure, characteristics, main players, production capacities, trends, prices, production, imports, exports, growth and demand drivers, and all other important factors, influencing its development.

The research report has been prepared using the unique Williams and Marshall Strategy's methodology, including a blend of qualitative and quantitative data. The information comes from official sources and insights from market experts (representatives of the main market participants), gathered by semi-structured interviews. This report will allow its readers to quickly and cost–effectively get a strategic analysis and gain competitive intelligence about the market and to track market data, including size, value, segmentation, forecasts, dynamics and structure – past, present and future.

The report includes information on the following companies:
•        Dow Chemical;
•        Eastman Chemical;
•        Oxea;
•        Monfel.
You can find more information about this report here: https://www.wm-strategy.com/catalog/product/view/id/126249/s/north-america-butyl-acetate-market/.