"Innovative Market Solutions to Help Businesses Make Informed Decisions"

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

Region :Global | Report ID: FBI109519 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

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
















By Type

By Application

By Geography


  • Pharma Grade

  • Cosmetics Grade

  • Industrial Grade

  • Paints & Coatings

  • Personal Care & Cosmetics

  • Pharmaceuticals

  • Adhesives

  • Others

  • North America (U.S. and Canada)

  • Europe (Germany, France, Italy, U.K., and the Rest of Europe)

  • Asia Pacific (China, India, Japan, South Korea, and the Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and the Rest of Latin America)

  • Middle East & Africa (GCC, South Africa, and the Rest of the Middle East & Africa)

 

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.





Key Questions Answer REQUEST SAMPLE
Why to Choose Fortune Business Insights SPEAK TO ANALYST
isobutyl acetate market Report
  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Chemicals & Materials Clients
UBS
Citibank
Samsung
LG Chem
Kpmg
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X