Electronic Grade N Butyl Acetate Market
The market for Electronic Grade N Butyl Acetate was estimated at $548 million in 2023; it is anticipated to increase to $1.01 billion by 2030, with projections indicating growth to around $1.58 billion by 2035.
Report Summary
Market Data
Methodology
Table of Contents
Global Electronic Grade N Butyl Acetate Market Outlook
Revenue, 2023
$548M
Forecast, 2033
$1.32B
CAGR, 2024 - 2033
9.2%
The Electronic Grade N Butyl Acetate industry revenue is expected to be around $653.5 million in 2024 and expected to showcase growth with 9.2% CAGR between 2024 and 2033. 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 Key Insights
- 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.
- BASF, Dow Chemical, Mitsubishi Chemical are among the leading players in this market, shaping its competitive landscape.
- U.S. and Japan are the top markets within the Electronic Grade N Butyl Acetate market and are expected to observe the growth CAGR of 6.7% to 9.7% between 2023 and 2030.
- Emerging markets including India, Malaysia and Vietnam are expected to observe highest growth with CAGR ranging between 8.8% to 11.5%.
- Transition like Shift Toward Sustainable Solvent Solutions is expected to add $39 million to the Electronic Grade N Butyl Acetate market growth by 2030.
- 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
Emerging economies with growing electronics manufacturing sectors create new demand for high-purity solvents
Growth Opportunities in North America and Asia-Pacific
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, 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
Market Dynamics and Supply Chain
01
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
02
Restraint: High Production Costs Due to Purity Requirements, and Environmental Regulations on Solvents
The need for ultra-high purity electronic grade solvents drives up production costs, impacting price sensitivity
Stringent regulations on solvent emissions and disposal create challenges for manufacturers and limit usage
03
Opportunity: Increased Application in Advanced Optics Manufacturing and Development of Eco-Friendly Solvent Variants
As the demand for precision optics grows, electronic grade n-butyl acetate offers reliable cleaning and coating solutions for optical components
Innovations in environmentally friendly solvents support regulatory compliance, making electronic grade n-butyl acetate more sustainable
04
Challenge: Supply Chain Disruptions in Raw Materials
Fluctuations in raw material availability, such as butanol, affect the consistent supply of electronic grade n-butyl acetate
Supply Chain Landscape
1
Raw Material Supplier
Acetic acidButanol
2
Solvent Manufacturer
BASFDow Chemical
3
Distributor
Thermo Fisher ScientificAvantor
4
End-User
SemiconductorElectronicsOptics
1
Raw Material Supplier
Acetic acidButanol
2
Solvent Manufacturer
BASFDow Chemical
3
Distributor
Thermo Fisher ScientificAvantor
4
End-User
SemiconductorElectronicsOptics
Use Cases of Electronic Grade N Butyl Acetate in Semiconductor Manufacturing & PCB Cleaning
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
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
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
Optical Coatings : It is utilized in optical coatings to produce clear and defect-free layers for precision optics. Notable suppliers include Daicel Corporation and Showa Denko
Recent Developments
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
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
Impact of Industry Transitions on the Electronic Grade N Butyl Acetate Market
As a core segment of the Bulk & Commodity Chemicals 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 Bulk & Commodity Chemicals 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.
01
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
02
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