Butyl Acetate Price Trend and Forecast

Regional Market Overview

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 Q1 of 2024

Asia

The increasing demand from the downstream industries drove the market dynamics of butyl acetate in Asian countries during the first quarter of 2024. The Chinese market also witnessed a quick depreciation in inventory levels amid the healthy demand from the paints and coatings sector particularly.

Butyl Acetate Price Chart

Butyl Acetate Price Trends and Forecast

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The export volumes from the Chinese and Indian ports, however, declined due to the disruption of the Red Sea route amid the rising number of Houthi attacks. However, the profit margins from the existing number of exports inclined, especially due to the increase in the procurement rates of the European traders. The feedstock industries on the other hand, extended only a limited support to the market, raising the concerns of the traders.

Europe

In the European market, butyl acetate prices remained stable despite the oscillation in the pricing trajectory of its feedstock material, acetic acid. Additionally, the market showcased resilience amid rising interest rates, which constrained downstream consumer purchasing capacities. During the first quarter, the production costs also stayed in the green zone with the stabilization of natural gas and other raw materials.

The major support for the market came in the form of an influx of expensive Asian imports in the region, due to which the sales number of domestic products increased by a significant margin. With the return of consumer confidence in the domestic produce, the traders also noticed a steadiness in the demand-supply equilibrium of the market and a gradual depletion in inventories, favoring the uptrend in the butyl acetate market momentum.

North America

The butyl acetate prices in the first quarter of 2024 showcased a consistent downward trajectory, primarily due to the rise in low-cost imports from China in the region, however, despite some fluctuations in demand from downstream industries affecting overall market growth, short-term expansion in manufacturing activities, particularly fueled by increased demand from the construction sector.

However, the major players, such as Dow, reported a net decrease in sales figures, primarily due to reduced procurement from the paints and coatings industries and fluctuations in the region's economic indicators. Further, the upstream feedstock industries also failed to provide necessary support to the market, eventually leading to a downhill projection of butyl acetate prices in Q1 of 2024.

Analyst Insight

According to Procurement Resource, the price trend of Butyl Acetate is estimated to oscillate amid skeptical movement of the feedstock prices and economy dependent growth of the downstream industries.

Butyl Acetate Price Trend for the October - December of 2023

Asia

The dynamics of feedstock butanol had a significant impact on the price trend of butyl acetate in the fourth quarter of 2023. In China, the cost of raw materials fluctuated throughout the quarter and thus was unable to cause an uptick in the butyl acetate price trend. Further, the downstream industries, such as the construction and polymer sectors, struggled to present a consistent demand for butyl acetate, which, along with the oscillating cost of raw materials, caused month-on-month alterations in the butyl acetate prices.

Europe

The bearish trend in the butyl acetate prices carried on in the fourth quarter, too. The ill consequences of poor growth of the construction industry proved to be a hindrance in the way of the butyl acetate price trend. Additionally, the cost of feedstock acetic acid also took a southward turn and failed to provide any relief to the traders of butyl acetate, and the troubles of the market were well evident in the trend adopted by the butyl acetate price graph.

North America

There was a linear rise in the cost of raw materials required for industrial production of butyl acetate, and despite that, the prices of butyl acetate faced a downfall during the fourth quarter of 2023. It was anticipated that instead of the direct factors, such as equilibria of supply and demand, the auxiliary factors, such as a decline in the cost of crude oil and natural gas, had a major role in dictating the growth rate of the butyl acetate market. Further, the crunch in the supply chains due to the fall in Panama Canal water levels proved to be a headache for the traders.

Analyst Insight

According to Procurement Resource, the price trend of Butyl Acetate are reckoned to be dependent on the zig-zag movement of the demand from end-user industries and the overall cost of production.

Butyl Acetate Price Trend for the July-September of 2023

Asia

Butyl Acetate is synthesized using butanol and acetic acid, so the price trend closely mimic any fluctuations in the former’s market behavior. Since the Chinese industries were trying to open up and scale productions to the pre-COVID levels, the order queries for butyl acetate started to rise and pushed the prices higher on the price index.

A significant rise in the feedstock costs also strengthened the upstream cost support considerably. The rapid and wholesome expansion of economic and industrial activities in the Indian market also supported the butyl acetate price dynamics. Overall, a positive market outlook was observed for butyl acetate during the said period.

Europe

The European market behavior of butyl acetate was the complete opposite of the Asian market trend. Feeble demand from the consumption sector was the fundamental reason behind the depreciating trend. The rising inflation and interest rates were detrimental to individual buying capacities. Further, the transportation hurdles were also responsible for poor price performance. Overall, muted market sentiments were observed.

North America

The American butyl acetate market closely coincided with the European price trend. The dull and feeble demand from the utilizing units negatively impacted the pricing fundamentals. Overall, a cold market outlook was observed during the discussed period.

Analyst Insight

According to Procurement Resource, the Butyl Acetate prices will continue to fluctuate in the coming months, given the mixed consumption patterns.

Butyl Acetate Price Trend for the First Half of 2023

Asia

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 trend 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.

Europe

Like the Asian Butyl Acetate market, downstream demands remained the driving factor for price trend 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 trend continued till the end of the second quarter. Overall muted market sentiments were observed.

North America

The North American Butyl Acetate market exhibited conflicting patterns with the global market trend 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.

Analyst Insight

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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About

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 Details

Report Features Details
Product Name Butyl Acetate
Industrial Uses Food flavoring, lacquer production, polishes, adhesives
Chemical Formula C6H12O2
HS Number 29153300
CAS Number 123-86-4
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


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Production Processes

Butyl acetate is produced via esterification of n-butanol with acetic acid in the presence of strong acidic solids as catalyst.

Methodology

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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