Get the latest insights on price movement and trend analysis of Butyl Acetate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Butyl Acetate Price Trend for the H1 of 2023
The Asian Butyl Acetate market observed mixed price sentiments during the first half of 2023. The market had a positive start in the first half of Q1 2023 as market offtakes from the downstream coatings and adhesive industries rose. At the same time, the supplies were still curtailed as the production facilities were trying to revive after the Covid restrictions were lifted.
But as the production ramped up, inventories started leveling up, while the demands started normalizing and eventually declined. The price trends took a downturn by the end of the first quarter and continued till the middle of the second quarter. Prices tried to rebound at the end of Q2, but low demands dominated over other factors. Overall, the market remained fluctuating during the said period.
Like the Asian Butyl Acetate market, downstream demands remained the driving factor for price trends in the first two quarters of 2023. Q1 started positively, with high demands and substantial procurements from the downstream industries.
But as the upstream facilities improved, the supply chains were restored, and the freight costs decreased, excess supplies started piling, given the falling demand by the end of Q1 2023. These declining trends continued till the end of the second quarter. Overall muted market sentiments were observed.
The North American Butyl Acetate market exhibited conflicting patterns with the global market trends as the prices were on an inclining trajectory for most of the first half of 2023. Demands were consistent and stable and showed occasional rises, and feedstock prices, too, provided positive cost support. Some temporary deviations owing to regional imbalances were observed. However, overall inclined price patterns were observed for the region.
According to the Procurement Resource, the Butyl Acetate prices are expected to continue fluctuating in the upcoming months, with market demands continuing to be the driving factor controlling the Butyl Acetate market behavior.
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Butyl Acetate is a colourless liquid with a sweet banana-like odour. It is a low-viscosity volatile liquid but is flammable. It is used in manufacturing lacquers and paints.
|Product Name||Butyl Acetate|
|Industrial Uses||Food flavoring, lacquer production, polishes, adhesives|
|Synonyms||Acetic Acid N-Butyl ester, 1-Acetoxybutane, Butyl ethanoate|
|Molecular Weight||116.16 g/mol|
|Supplier Database||Dow Chemical Company, BASF SE, INEOS Group, Solvent Wistol S.A.|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Butyl acetate is produced via esterification of n-butanol with acetic acid in the presence of strong acidic solids as catalyst.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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