Global n-propyl acetate demand is projected to grow at a healthy CAGR of 4.07% during the forecast period. N-propyl acetate is clear, volatile, mobile liquid which has a characteristic odour that is similar to that of acetone. It is miscible with many common solvents, e. g. alcohols, ketones, aldehydes, ethers, glycols and glycol ethers, but it is only sparingly soluble in water. Major grades of n-propyl acetate include reagent and technical grade, agricultural and pharmaceutical grade, and optical grade. Owing to its properties like high volatility and mild odor, thinnability, it finds application in various areas including paints and coatings, printing inks, cosmetics and personal care, food and beverages, pharmaceuticals and others. Among the above applications, the paints and coatings and printing inks are the major applications for n-propyl acetate. Growing demand for paints and coatings from various industries coupled with the increasing usage in food and beverage industry is expected to drive the demand of n-propyl acetate during the forecast period. Another factor of great significance is that the solvent power and thinnability of n-propyl acetate are comparable to those of ethyl acetate. Owing to this, it dissolves many natural and synthetic resins (e. g. cellulose nitrate, acrylates, alkyd resins, rosin, plasticizers, waxes, oils and fats) and is thus an eminently suitable solvent for wood lacquers and industrial finishes. Moreover, increased production capacity additions including the capacity expansion by Showa Denko are likely to create opportunities in the n-propyl acetate market during the forecast period.
Owing to the impact of COVID-19, n-propyl acetate demand has declined drastically due to nationwide lockdowns and subsequent disruptions in supply chains. However overall good demand growth has been observed in China from the manufacturing sector due to continuation of production activities after the lockdowns.
Region wise, Asia Pacific region holds the major share of global demand for n-propyl acetate due to growing demand for paints and coatings. Increasing population and per capita income in emerging economies is another factor propelling demand growth for n-propyl acetate in Asia Pacific. The growing construction sector which is the major consumer of paints and coatings has led several companies to set up their manufacturing plants in the region thereby increasing the overall capacity in the region. The surging capacities in China and the efforts towards fulfilling domestic demand by domestic supply have boosted the production capacity of n-propyl acetate in Asia Pacific.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
Objective of the Study:
•To assess the demand-supply scenario of n-propyl acetate which covers production, demand and supply of n-propyl acetate market globally.
•To analyse and forecast the market size of n-propyl acetate .
•To classify and forecast global n-propyl acetate market based on technology, end-use and regional distribution.
•To identify drivers and challenges for global n-propyl acetate market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global n-propyl acetate market.
•To identify and analyse the profile of leading players involved in the manufacturing of n-propyl acetate.
Major players for n-propyl acetate globally include BASF SE , Oxea, Dow, DuPont, BASF, Eastman, Solvay, Showa Denko K.K., Sankyo Chem, Daicel, Sasol, Chang Chun Group, Shiny Chem, Nuoao Chem, Jiangsu Baichuan, Nanjing Wujiang, Ningbo Yongshun, Jiangsu Ruijia, Yixing Kaixin and Others.
To extract data for global n-propyl acetate market, primary research surveys were conducted with n-propyl acetate manufacturers, 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 Global n-propyl acetate market over the coming years.
ChemAnalyst calculated n-propyl acetate demand globally by analyzing the historical data and demand forecast which was carried out considering imported n-propyl acetate, prices, materials used for production of n-propyl acetate . 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 and other stakeholders
•Organizations, forums and alliances related to n-propyl acetate distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as n-propyl acetate manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, global n-propyl acetate market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
|
Market, by Grade
|
Reagent and Technical Grade, Agricultural and Pharmaceutical Grade, and Optical Grade
|
|
Market, by Application
|
Paints and Coatings, Printing Inks, Cosmetics and Personal Care, Food and Beverages, Pharmaceuticals
|
|
Market, by Sales Channel
|
Direct Company Sale, Direct Import, Distributors & Traders, Retailers
|
|
Market, by Region
|
North America, APAC, Europe, MEA, South America
|
Available Customizations:
With the given market data, Chemanalyst offers customizations according to a company’s specific needs.
In case you don’t find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com
