In the first half of 2023, the Asian Butyl Acetate market showed mixed price sentiments. Initially, prices rose due to increased demand from downstream coatings and adhesive industries, while supplies were limited after Covid restrictions were lifted. However, as production ramped up and inventories leveled, demand normalized and eventually declined, causing prices to downturn. In Europe, similar trends were observed, with downstream demands driving prices until excess supplies led to a decline. North America, on the other hand, experienced consistently inclined prices due to stable demands and positive feedstock costs. Overall, the global market fluctuated, with North America standing out with inclined price patterns.
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Definition
Butyl Acetate is a chemical compound with the molecular formula C6H12O2. It is an ester formed from butanol (a four-carbon alcohol) and acetic acid. This colorless liquid has a pleasant fruity odor, making it valuable as a solvent in various industries, including paints, coatings, and inks. Butyl Acetate's low volatility and good solubility in other chemicals make it an ideal choice for these applications. Additionally, it serves as a flavoring agent in the food industry and finds use in the production of perfumes and artificial fruit essences.
Key Details About the Butyl Acetate Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Butyl Acetate in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Butyl Acetate Price chart, including India Butyl Acetate price, USA Butyl Acetate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Butyl Acetate Price Trend:
Butyl Acetate is widely employed in key industrial applications due to its versatile properties. As a solvent, it is extensively used in the production of paints, coatings, and inks, where its low volatility and high solubility make it effective. Additionally, it finds application as a flavoring agent in the food industry and contributes to the manufacturing of perfumes and artificial fruit essences. Its widespread use across various sectors showcases its importance in the industrial world.
Key Players:
- Dow Chemical Company
- BASF SE
- INEOS Group
- Solvent Wistol S.A.
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