The European Butyl Acetate Market Projected to Reach 315 Thousand Tons by 2023

SOFIA, Bulgaria - Aug. 13, 2019 - PRLog -- According to a recently published report about the European butyl acetate market, it was equal to 230 thousand tons in 2013. The largest country market within the region was Germany, which in 2013 accounted for a share of 30% of the total in volume terms. Until 2023, the European market is forecast to reach around 315 thousand tons, thus growing at a CAGR of about 2.3% per annum in the period 2018-2023. This is a slight slowdown, compared to the growth at a CAGR of around 4.6% per year, registered in 2013-2017.

The analytical research projects that the European production of butyl acetate is likely to grow to around 230 thousand tons in the medium term. Upward dynamics of the overall installed production capacities in the region are also expected. Their annual average utilization rates are expected to remain similar. In addition, the market is forecast to remain relatively unbalanced in terms of supply and demand, also showing moderately upwards 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. The chemical is predominantly used as a lacquer solvent in automotive paint and surface coatings for wood furniture, as well as for film-formers such as epoxies, urethanes, cellulose acetate butyrate, nitrocellulose, polyesters, vinyl copolymers and acrylic resins. In addition, there has been interest in corporate restructurings. In 2016, the European Commission approved the acquisition of certain chemical assets belonging to Celanese Corporation by INEOS Europe AG.

As an overall, the report presents a strategic analysis of the butyl acetate market in Europe 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:
•        Basf;
•        Celanese;
•        Oxea;
•        Solvent Wistol.

You can find more information about this report here: https://www.wm-strategy.com/catalog/product/view/id/126232/s/europe-butyl-acetate-market/.