Isobutyl Acetate Market Size, Share & Industry Analysis, By Type (Pharma Grade, Cosmetics Grade, and Industrial Grade), By Application (Paints & Coatings, Personal Care & Cosmetics, Pharmaceuticals, Adhesives, and Others), and Regional Forecast, 2024-2032

The paints & coatings segment primarily drives the isobutyl acetate market. The growth is primarily due to the increasing demand for isobutyl acetate as a solvent in the paints & coatings industry. Isobutyl acetate offers excellent solvency properties, which makes it a best possible ingredient in various paint formulations.

The personal care & cosmetics segment also drives the isobutyl acetate market. Isobutyl acetate is commonly used in personal care and cosmetic products as a solvent and a fragrance ingredient.  However, it is important to note that the use and concentration of isobutyl acetate in these products are regulated to ensure consumer safety.   

• As per the World Paints & Coating Industry Association, Asia Pacific accounted for 35% of the global market share in 2022. Furthermore, China dominates the regional market, which is set to grow at a CAGR of 5.8%. In 2022, China registered a growth of 5.7%. The paints & coatings sales in the country exceeded USD 45 billion.

The isobutyl acetate market is growing, majorly due to the pharmaceuticals segment. Isobutyl acetate is used as a solvent in the pharmaceutical industry, mostly for coating and encapsulating capsules and tablets. In addition, it is used as a flavoring agent in some medicines. The demand for pharmaceutical products worldwide is increasing, which is expected to drive the demand for isobutyl acetate in the upcoming years.

• In 2023, the Asia Pacific region dominated the isobutyl acetate market with approximately 30% of the market share.

By region, the major isobutyl acetate market consumers are China, Japan, and India in the Asia Pacific; the U.S. and Canada in North America; Germany and France in Europe; and Saudi Arabia and the UAE in the Middle East & Africa.

• China increasingly spends on the pharmaceutical industry. As per IQVIA, China is the world’s second largest country by pharmaceutical spending. The country is expected to record an increase volume by 20% in aggregate over five years and the spending is projected to increase by 21%. This is a more modest rate compared to previous years and still focuses on expanding access to novel drugs via the national reimbursement drug list (NRDL).

Key Insights

The report covers the following key insights:

• Key Market Trends

• Regulatory Scenario of the Isobutyl Acetate Market


• Key Developments in the Isobutyl Acetate Market


• Latest Technological Advancements


• Impact of COVID-19 on the Isobutyl Acetate Market

Segmentation

Analysis by Type

By type, the industrial grade segment holds a significant share of the global isobutyl acetate market.

• Isobutyl acetate is crucial in various applications, including paints & coatings, personal care & cosmetics, pharmaceuticals, adhesives, and others to increase the efficiency and property of the product.


• Industrial grade product finds its application in various industries. It has majorly demanded as a solvent in the paints & coatings industry. In this application, it offers an excellent solvency power, good flow, and high gloss characteristics.

Analysis by Application

By application, the paints & coatings segment holds a considerable share of the global isobutyl acetate market.

Isobutyl acetate is also used as a solvent in the production of adhesives, printing inks, and as a cleaning agent in the electronics industry. In the chemical industry, it is used as a raw material for the production of various chemicals such as isobutyl alcohol, isobutyl acrylate, and isobutyl methacrylate. Furthermore, it is used as a flavoring agent in the food industry and as a fragrance enhancer in the cosmetic industry.

Regional Analysis

Asia Pacific region holds a considerable share of the isobutyl acetate market. The Asia Pacific region is the most attractive market for isobutyl acetate owing to the higher production in adhesives and paints & coating industry in China and India. In addition, government policies to increase the production of chemical products are critical factors for market growth in this region.

Top Ten Paint Companies at the Global Level, By Total Sales, 2022

• SHERWIN-WILLIAMS – USD 21.64 billion


• PPG Industries – USD 17.15 billion


• AKZONOBEL - USD 11.9 billion


• NIPPON Paints – USD 9.95 billion


• RPM Inc – USD 7.24 billion


• AXALTA – USD 4.91 billion


• DIAMOND Paints – USD 4.36 billion


• BASF – USD 4.08 billion


• KANSAI Paint – USD 3.81 billion


• Asian Paints – USD 3.56 billion

Key Players Covered

The report includes the profiles of key players such as Dow Chemical Company, OXEA Chemicals, Eastman Chemical Company, Central Drug House, Vizag Chemical, Esters & Solvents LLP, Honeywell, National Analytical Corporation, Vigon International, LLC, and Comet Chemical Company.