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Electronic Grade N Butyl Acetate Market
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Electronic Grade N Butyl Acetate Market

Author: Vineet Pandey - Business Consultant, Report ID - DS1301007, Published - November 2024

Segmented in Type (High Purity, Ultra-High Purity), Application (Semiconductor Manufacturing, Display Panels, PCB Cleaning, Optical Coatings) and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2023 – 2033

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Electronic Grade N Butyl Acetate
Market Outlook

Electronic grade n-butyl acetate, a high-purity solvent essential in electronics manufacturing, is crucial for applications like semiconductor processing, display panels, and PCB cleaning. In 2023, the market for electronic grade n-butyl acetate was valued at approximately USD 548 million, with projections to reach USD 996 million by 2030 and potentially USD 1.6 billion by 2035, growing at a CAGR of 9.2%. This growth is driven by increased demand for advanced electronics and displays, especially in Asia-Pacific, the leading electronics manufacturing hub.


With its high purity levels, electronic grade n-butyl acetate is indispensable in producing high-performance electronic components, where it ensures contaminant-free environments during critical manufacturing processes. The ongoing expansion of the semiconductor and display industries solidifies its role as a core material in modern electronics manufacturing


Market Size Forecast & Key Insights

2018
$548M2023
2028
$1.3B2033

Absolute Growth Opportunity = $773M

The Electronic Grade N Butyl Acetate market is projected to grow from $548.0 million in 2023 to $1.32 billion in 2033. This represents a CAGR of 9.2%, reflecting rising demand across Semiconductor Manufacturing, PCB Cleaning and Display Panels.

The Electronic Grade N Butyl Acetate market is set to add $773 million between 2023 and 2033, with manufacturer targeting Display Panels & PCB Cleaning Application projected to gain a larger market share.

With Growing demand in semiconductor manufacturing, and Rising use in display panel production, Electronic Grade N Butyl Acetate market to expand 141% between 2023 and 2033.

Opportunities in the Electronic Grade N Butyl Acetate Market

Expansion into Emerging Electronics Markets

Emerging economies with growing electronics manufacturing sectors create new demand for high-purity solvents

Development of Eco-Friendly Solvent Variants and Increased Application in Advanced Optics Manufacturing

Innovations in environmentally friendly solvents support regulatory compliance, making electronic grade n-butyl acetate more sustainable

As the demand for precision optics grows, electronic grade n-butyl acetate offers reliable cleaning and coating solutions for optical components

Growth Opportunities in North America and Asia-Pacific

Asia Pacific Outlook

Asia-Pacific, particularly South Korea and China, is a major market for electronic grade n-butyl acetate, driven by demand from display and semiconductor manufacturing. Companies such as Mitsubishi Chemical and LG Chem are leading suppliers

North America Outlook

North America’s demand for electronic grade n-butyl acetate is fueled by its semiconductor and electronics manufacturing sectors. Companies like BASF and Honeywell are key players in this region

North America Outlook

North America’s demand for electronic grade n-butyl acetate is fueled by its semiconductor and electronics manufacturing sectors. Companies like BASF and Honeywell are key players in this region

Asia-Pacific Outlook

Asia-Pacific, particularly South Korea and China, is a major market for electronic grade n-butyl acetate, driven by demand from display and semiconductor manufacturing. Companies such as Mitsubishi Chemical and LG Chem are leading suppliers

Growth Opportunities in North America and Asia-Pacific

Established and Emerging Market's Growth Trend 2024–2033

1

Major Markets : United States, Japan, South Korea, China, Taiwan are expected to grow at 6.7% to 9.7% CAGR

2

Emerging Markets : India, Malaysia, Vietnam are expected to grow at 8.8% to 11.5% CAGR

Market Analysis Chart

The electronic grade n-butyl acetate market is driven by the demand from semiconductor and display industries, though high costs and environmental regulations remain challenges. Opportunities exist in emerging electronics markets, eco-friendly variants, and optics applications

Recent Developments and Technological Advancement

September 2024

BASF launched an eco-friendly variant of electronic grade n-butyl acetate aimed at semiconductor applications

July 2024

Dow Chemical introduced ultra-high purity n-butyl acetate for advanced display manufacturing

April 2024

Mitsubishi Chemical expanded its production facilities in South Korea to meet regional demand

Recent advancements in electronic grade n-butyl acetate emphasize eco-friendly and ultra-high purity solutions. BASF’s eco-friendly variant supports sustainable semiconductor manufacturing, Dow’s high-purity solvent targets displays, and Mitsubishi Chemical’s expansion addresses regional demand

Impact of Industry Transitions on the Electronic Grade N Butyl Acetate Market

As a core segment of the C&M industry, the Electronic Grade N Butyl Acetate market develops in line with broader industry shifts. Over recent years, transitions such as Shift Toward Sustainable Solvent Solutions and Advances in Semiconductor Manufacturing Processes have redefined priorities across the C&M sector, influencing how the Electronic Grade N Butyl Acetate market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Shift Toward Sustainable Solvent Solutions:

Industry efforts to reduce emissions and meet regulatory standards are increasing demand for eco-friendly versions of electronic grade solvents

2

Advances in Semiconductor Manufacturing Processes:

New manufacturing techniques in the semiconductor industry require ultra-high purity solvents, positioning electronic grade n-butyl acetate as a core material

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the C&M industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the C&M industry cascade into the Electronic Grade N Butyl Acetate market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Growing Demand in Semiconductor Manufacturing, and Increased Adoption in PCB and Optical Cleaning

The semiconductor industry relies on ultra-high-purity solvents like electronic grade n-butyl acetate for precise manufacturing, driving market demand
This solvent’s effectiveness in removing contaminants makes it indispensable in PCB cleaning and optical coating, supporting the reliability of electronic components
With the expansion of the OLED and LCD markets, electronic grade n-butyl acetate is also critical in display manufacturing, ensuring high-resolution and defect-free panels

Restraint: High Production Costs Due to Purity Requirements, and Supply Chain Disruptions in Raw Materials

The need for ultra-high purity electronic grade solvents drives up production costs, impacting price sensitivity
Fluctuations in raw material availability, such as butanol, affect the consistent supply of electronic grade n-butyl acetate

Challenge: Environmental Regulations on Solvents

Stringent regulations on solvent emissions and disposal create challenges for manufacturers and limit usage

Supply Chain Landscape

Raw Material Supplier

Acetic acid

Butanol

Solvent Manufacturer

BASF

Dow Chemical

Distributor
Thermo Fisher Scientific / Avantor
End-User
Semiconductor / Electronics / Optics
Raw Material Supplier

Acetic acid

Butanol

Solvent Manufacturer

BASF

Dow Chemical

Distributor

Thermo Fisher Scientific

Avantor

End-User

Semiconductor

Electronics

Optics

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Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Electronic Grade N Butyl Acetate market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Electronic Grade N Butyl Acetate in Semiconductor Manufacturing, PCB Cleaning and Display Panels

Semiconductor Manufacturing

Electronic grade n-butyl acetate is used in semiconductor lithography as a cleaning agent, ensuring contamination-free wafer surfaces. Leading providers include BASF and Dow Chemical

PCB Cleaning

Electronic grade n-butyl acetate effectively cleans printed circuit boards (PCBs) by removing impurities and residue, supporting device reliability. Key players include Honeywell and Kanto Chemical

Display Panels

This solvent is essential in producing LCDs and OLEDs, where it aids in the deposition processes required for high-resolution displays. Companies like Mitsubishi Chemical and LG Chem are notable providers

Electronic Grade N Butyl Acetate vs. Substitutes:
Performance and Positioning Analysis

While alternatives like IPA and ethyl acetate exist, electronic grade n-butyl acetate’s high purity and performance make it essential for precision electronics manufacturing. Despite alternatives, the market is expected to grow due to the increasing demand for high-quality solvents in advanced manufacturing

Electronic Grade N Butyl Acetate
  • Isopropyl Alcohol /
  • Ethyl Acetate /
  • Acetone
    Ultra-High Purity and Strong Solvent Power
    High Production Cost and Environmental Concerns
    Low Cost and Widely Available
    Lower Purity and Performance for Precision Applications

Electronic Grade N Butyl Acetate vs. Substitutes:
Performance and Positioning Analysis

Electronic Grade N Butyl Acetate

  • Ultra-High Purity and Strong Solvent Power
  • High Production Cost and Environmental Concerns

Isopropyl Alcohol / Ethyl Acetate / Acetone

  • Low Cost and Widely Available
  • Lower Purity and Performance for Precision Applications

While alternatives like IPA and ethyl acetate exist, electronic grade n-butyl acetate’s high purity and performance make it essential for precision electronics manufacturing. Despite alternatives, the market is expected to grow due to the increasing demand for high-quality solvents in advanced manufacturing

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Research Methodology

This market research methodology defines the Electronic Grade N Butyl Acetate market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the C&M ecosystem, we analyze Electronic Grade N Butyl Acetate across Semiconductor Manufacturing, Display Panels, and PCB Cleaning Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:


We benchmark competitors such as BASF, Dow Chemical, and Mitsubishi Chemical by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Material Supplier, Solvent Manufacturer, and Distributor. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global C&M revenues to estimate the Electronic Grade N Butyl Acetate segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Raw Material Supplier (Acetic acid, Butanol), Solvent Manufacturer (BASF, Dow Chemical), and Distributor. Our parallel substitute analysis examines Isopropyl Alcohol, Ethyl Acetate, and Acetone, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as BASF, Dow Chemical, and Mitsubishi Chemical, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Electronic Grade N Butyl Acetate market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Electronic Grade N Butyl Acetate Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2024USD 598 million
Revenue Forecast in 2033USD 1.32 billion
Growth RateCAGR of 9.2% from 2024 to 2033
Base Year for Estimation2023
Industry Revenue 2023548 million
Growth OpportunityUSD 773 million
Historical Data2018 - 2022
Growth Projection / Forecast Period2024 - 2033
Market Size UnitsVolume in Units and Market Revenue in USD million
Market Size 2023548 million USD
Market Size 2026713 million USD
Market Size 2028850 million USD
Market Size 20301.01 billion USD
Market Size 20331.32 billion USD
Market Size 20351.58 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredType, Application
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledBASF, Dow Chemical, Mitsubishi Chemical, Honeywell, LG Chem, Kanto Chemical, Daicel Corporation, Showa Denko, Eastman Chemical, Celanese, Thermo Fisher Scientific and Avantor
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Electronic Grade N Butyl Acetate Market Size, Opportunities & Strategic Insights, by Type

4.1High Purity
4.2Ultra-High Purity
Chapter 5

Electronic Grade N Butyl Acetate Market Size, Opportunities & Strategic Insights, by Application

5.1Semiconductor Manufacturing
5.2Display Panels
5.3PCB Cleaning
5.4Optical Coatings
Chapter 6

Electronic Grade N Butyl Acetate Market, by Region

6.1North America Electronic Grade N Butyl Acetate Market Size (Volume and Value), Opportunities, Key Trends & Strategic Insights
6.1.1U.S.
6.1.2Canada
6.2Europe Electronic Grade N Butyl Acetate Market Size (Volume and Value), Opportunities, Key Trends & Strategic Insights
6.2.1Germany
6.2.2France
6.2.3UK
6.2.4Italy
6.2.5The Netherlands
6.2.6Rest of EU
6.3Asia Pacific Electronic Grade N Butyl Acetate Market Size (Volume and Value), Opportunities, Key Trends & Strategic Insights
6.3.1China
6.3.2Japan
6.3.3South Korea
6.3.4India
6.3.5Australia
6.3.6Thailand
6.3.7Rest of APAC
6.4Middle East & Africa Electronic Grade N Butyl Acetate Market Size (Volume and Value), Opportunities, Key Trends & Strategic Insights
6.4.1Saudi Arabia
6.4.2United Arab Emirates
6.4.3South Africa
6.4.4Rest of MEA
6.5Latin America Electronic Grade N Butyl Acetate Market Size (Volume and Value), Opportunities, Key Trends & Strategic Insights
6.5.1Brazil
6.5.2Mexico
6.5.3Rest of LA
6.6CIS Electronic Grade N Butyl Acetate Market Size (Volume and Value), Opportunities, Key Trends & Strategic Insights
6.6.1Russia
6.6.2Rest of CIS
Chapter 7

Competitive Landscape

7.1Competitive Dashboard & Market Share Analysis
7.2Company Profiles (Overview, Financials, Developments, SWOT)
7.2.1BASF
7.2.2Dow Chemical
7.2.3Mitsubishi Chemical
7.2.4Honeywell
7.2.5LG Chem
7.2.6Kanto Chemical
7.2.7Daicel Corporation
7.2.8Showa Denko
7.2.9Eastman Chemical
7.2.10Celanese
7.2.11Thermo Fisher Scientific
7.2.12Avantor