North East Asian Butyl Acetate Market Forecast 2018-2023

SOFIA, Bulgaria - Aug. 15, 2019 - PRLog -- According to a recently published report about the North East Asian butyl acetate market, it was equal to 606 thousand tons in 2013. The largest country market within the region was China, which in 2013 accounted for a share of 80% of the total in volume terms. Until 2023, the North East Asian market is forecast to reach around 800 thousand tons, thus growing at a CAGR of about 3.6% per annum in the period 2018-2023. This is a slight slowdown, compared to the growth at a CAGR of around 4% per year, registered in 2013-2017.

The analytical research projects that the North East Asian production of butyl acetate is likely to grow to around 1.1 million tons in the medium term. Similar dynamics of the overall installed production capacities in the region are expected. Their annual average utilization rates are also expected to grow. In addition, the market is forecast to become 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. Another leading trend on the butyl acetate market is linked with usually strong demand during the peak season for solvents. The chemical is predominantly used as a lacquer solvent in automotive paint and surface coatings for wood furniture, as well as for film-formers.

As an overall, the report presents a strategic analysis of the butyl acetate market in North East Asia 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:

•        Dongying Yimeide Chemicals;

•        Foshan Shunde Shunguan Gas Solvent;

•        Guangxi Xintiande Energy;

•        Guangzhou Zhujiang Chemical;

•        Hebei Shijiazhuang Xinyu Sanyang Industrial;

•        Huizhou Shengda Chemical;

•        Jiangmen Handsome;

•        Nanchang Ganjiang Solvent;

•        Shandong Jinyimeng Group;

•        ...

You can find more information about this report here: https://www.wm-strategy.com/catalog/product/view/id/126250/s/north-east-asia-butyl-acetate-market/.