[Online Quarterly Update]n-Propyl Acetate is anticipated to grow at a healthy CAGR of 5.6 percent during the forecast period. n-Propyl Acetate is a colourless liquid used majorly as a solvent in different industries and plays an important role in chemical industries. It is a solvent used in foods and additives to flavour them and many other fragrance-based materials. The product finds its application in printing, mainly used in flexographic and screen-printing inks. Furthermore, owing to its wide application in the cosmetics and fragrance industry, Global n-Propyl Acetate Market is set to witness healthy gains in the coming years. Enrichment in the income and growing awareness of self-grooming in the country is propelling the cosmetic industry substantially. This exponential growth in the cosmetic industry is driving the global propyl acetate market on a large scale. Round the clock workstyle in the corporate is gaining huge importance in the use of perfumes and another fragrance and the perfume industry was close to INR 20 Billion in the financial year 2019, which is expected to grow at a CAGR of 50 percent by the year 2020. This rise in the use of fragrances and perfumes is expected to boost the n-Propyl Acetate market demand in the country. However, 50 to 60 percent of the share for this product goes to paint and coating industries while remaining is invested into the Pharmaceuticals and the Resins industry. Since the product finds its major use in the cosmetics industry, therefore rising use of nail care products is likely to push the n-Propyl Acetate market demand to new heights in India. Not just that, in the printing industry, it gains a special use in Flexography. All such factors are expected to couple the demand for n-Propyl Acetate in the country.
Years Considered for this Report:
Historical Years: 2013 – 2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021 – 2030
Objective of the Study:
• The primary objective of the study was to evaluate and forecast n-Propyl Acetate capacity, production,
demand, inventory, and demand – supply gap in India.
• To categorize n-Propyl Acetate demand based on end use, region and sales channel.
• To study trade dynamics and company share in India n-Propyl Acetate market.
• To identify major customers of n-Propyl Acetate in India.
• To evaluate and forecast n-Propyl Acetate pricing in India n-Propyl Acetate market.
• To identify and profile major companies operating in India n-Propyl Acetate market.
• To identify major news, deals and expansion plans in India n-Propyl Acetate market.
In this report, India n-Propyl Acetatemarket has been segmented into following categories:
Since there is no production of n-Propyl Acetate in India, it is imported majorly from Qingdao Kaimeiter International Trade Co. (China), Haofei Chemical (China), Brenntag (USA), ITPAC(Taiwan).
The staggering growth in the population has propelled the demand for daily use products. The use of cosmetics, pharmaceuticals, paints, and solvents is exponentially rising. The rise in the demand in the end-use industry is expected to shoot the demand for n-Propyl Acetate in the country. However, the prices of the product have witnessed a steep decline. The main reason behind the decline in the price, instead of satisfactory demand is considered to be because of the decline in the price of the feedstock or the raw material. The price of n-Propyl Acetate observed a decline of 3.33 percent during the fourth quarter of FY 2019.
To extract data for India n-Propyl Acetatemarket, primary research surveys were conducted with n-Propyl Acetatemanufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for India N-Propyl Acetate market over the coming years.
ChemAnalyst calculated n-Propyl Acetatedemand in India by analyzing the historical data and demand forecast was carried out considering Propanol and Acetic Acid prices. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• n-Propyl Acetate manufacturers, suppliers and other stakeholders
• Organizations, forums and alliances related to n-Propyl Acetate distribution
• Government bodies such as regulating authorities and policy makers
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as n-Propyl Acetatemanufacturers, distributors n-Propyl Acetate Importers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
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