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Global Isopropyl Acetate Market Investigation & Development Trends Analyzed till 2026
Fact.MR
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Market Drivers
With the significant rise in demand for rotogravure inks i.e for magazines, books, newspapers, inserts and catalogues also packaging printing on metal and plastic film the global demand for isopropyl acetate is projected to grow. Moreover, isopropyl acetate is also being used for for flexographic printing inks i.e. for paper, cardboard etc. amongst others especially in Asia Pacific region, thus creating traction in the global market.
The rising demand for coatings in automotive industry is projected to create significant traction in the market. With the rise in vehicle production and demand for highly advanced coating material, the overall isopropyl acetate market is projected to grow significantly over the forecast period.
Isopropyl acetate is an excellent resin solvent with solubility with a number of organic solvents.
Another factor supporting the growth of isopropyl acetate is it is a no-HAP (hazardous air pollutant). The product also complies with the reach regulations thus it is preferably used over a number of specified applications.
Global Isopropyl Acetate Market: Regional Outlook
The global isopropyl acetate market is anticipated to be dominated by Asia Pacific region with significant customer base for paints and coatings industry in the region. Moreover, there has also been a significant demand for coatings in the automotive sector in the region. North America and Europe are also projected to represent significant share in the global isopropyl acetate market owing to the increase in demand from cosmetics and personal care segment. Regions such as Latin America, Middle East and Africa and Japan are projected to hold relatively lower share in the global isopropyl acetate consumption and are projected to register sluggish growth over the forecast period.
Market Restraints
The global major impeding the growth of isopropyl acetate is the use of water based paints and coatings. With advancement in technology, the paints and coatings industry is developing high quality water based paints that have excellent durability, quick drying time and emit less odor. Additionally, after drying, solvent based paints form a film and the hydrocarbon solvents are evaporated; thus, releasing harmful volatile organic compounds in the atmosphere. The water based paints market is foreseen to grow at a healthy CAGR, owing to environmental and other benefits. The legislation is also in support of this trend. As a result, it affects the isopropyl acetate market.
One of the major challenge faced by the global isopropyl acetate market is the use of other solvents which have better solubility and are made from renewable feedstock. Thus affecting the market growth
Market Trends
Conventionally, the use of isopropyl acetate was limited to printing inks and coatings industry. However, over the past few years, there has been an increase in use as fragrance carrier. Moreover, the manufacturers are focusing on developing green processes for the manufacture of isopropyl acetate in order to sustain the market competition.
Global Isopropyl Acetate Market Segmentation
The global isopropyl acetate market can be segmented on the basis of application and region
On the basis of application, the global isopropyl acetate market can be segmented as:
• Cleaning fluids
• Coatings
o Automotive OEM
o Automotive Refinish
o Can and Coil coatings
o General Industrial coatings
o Marine coatings
o Industrial wood coatings
o Other Transportation
• Printing Inks
• Cosmetic/ Personal Care solvent
• Perfumes and Fragrances
• Pharmaceutical
• Pesticides and Insecticides
• Others
Global Isopropyl Acetate Market: Regional Outlook
The global isopropyl acetate market is anticipated to be dominated by Asia Pacific region with significant customer base for paints and coatings industry in the region. Moreover, there has also been a significant demand for coatings in the automotive sector in the region. North America and Europe are also projected to represent significant share in the global isopropyl acetate market owing to the increase in demand from cosmetics and personal care segment. Regions such as Latin America, Middle East and Africa and Japan are projected to hold relatively lower share in the global isopropyl acetate consumption and are projected to register sluggish growth over the forecast period.
To know more about the Isopropyl Acetate Market Trends, Visit the link - https://www.factmr.com/report/588/isopropyl-acetate-market
Global Isopropyl Acetate Market Participants
Some of the market participants identified across the value chain of the global Isopropyl Acetate market are:
• The Dow Chemical Company
• Eastman Chemical Company
• Sigma Aldrich
• Monument Chemical
• Sisco Research Laboratories Pvt. Ltd
• INEOS Oxide
• Pidilite Industries Ltd.
• Kane International Corporation
• SONTARA ORGANO INDUSTRIES
• Zhejiang Jianye Chemical Co., Ltd.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
• Market Dynamics
• Market Size
• Market Segments
• Demand & Supply Trends
• Current Issues and Challenges
• Companies and Competitor Landscape
• Value Chain
• Technology
Regional Segments Analyzed Include
• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Highlights from the Report
• Elaborated scenario of the parent market
• Transformations in the market dynamics
• Detailed segmentation of the target market
• Historical, current and forecast market size based on value and volume
• Latest industry developments and trends
• Competition landscape
• Strategies adopted by the market players and product developments made
• Potential and niche segments, along with their regional analysis
• Unbiased analysis on performance of the market
• Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
Ask our Industry Expert on this Report- https://www.factmr.com/connectus/sample?flag=AE&rep_id=588
About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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