Press release
Demand For Isopropyl Acetate To Witnessed A Hike Of 4% During 2022-2032
The global isopropyl acetate market is slated to expand at a steady CAGR of around 5% through 2031, backed by high demand from personal care and printing industries. Growing consumer demand for personal care products and improving hygiene standards have infused prominence to isopropyl acetate. Burgeoning demand is also being witnessed for isopropyl acetates to be used in printing inks and pharmaceutical applications across the globe. Increasing application along with innovation and advancements in providing exemplary applications has cultivated market penetration globally for isopropyl acetate.To Get In-depth Information View Full Report – https://www.factmr.com/report/588/isopropyl-acetate-market
In a recently published report by Fact.MR, insights regarding key factors fueling market growth have been offered for the next ten years. The report tracks trends in 20+ high-growth countries, with the regions of Asia, North America, and Europe leading the way. The impact of the COVID-19 pandemic has also been detailed in the report, with exhaustive insights into what the years ahead will offer.
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Why Does Bundled Application Reduce Overall Market Risk?
Demand for isopropyl acetate is poised to grow steadily during the forecast period with increased adoption of personal care products and printings inks that depend on isopropyl acetate as a prominent component. Isopropyl acetate bundled use cases have opened the door for wide application offerings, including automotive, architectural coating, wood coatings, printing inks, packaging component & inks, personal care ingredients, pharmaceuticals, cleaning fluids, perfumes & fragrances, and other remarkable applications.
The demand curve for isopropyl acetate in pharma applications and printing inks has been continuously spiking with its increased versatility and chemical composition. For instance, market players offers isopropyl acetate based on specific requirements from end-use. Similar trend is expected to be followed over the medium-run forecast period, as overall chemical applications for isopropyl acetate is estimated to increase. With introduction of innovation and research in isopropyl acetate function, the market is expected to witness robust growth over the forecast period.
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How are Emerging Applications in Pharma Driving Demand for Isopropyl Acetate?
Pharmaceutical application of isopropyl acetate is the bedrock of this market. Pharma grade isopropyl acetate contains high-purity acetate solutions - nearly 99.9% purity. Pharmaceutical companies have joined hands in 2020 to fight together against the COVID-19 pandemic. Widespread application of isopropyl acetate has been seen in the production of hand sanitizers. Companies set up strong production bases to supply hand sanitizers to pharma companies to protect consumers from the novel coronavirus.
With continuous research in pharma application of isopropyl acetate, the market remained open for in-depth penetration of isopropyl use cases and is continuously showcasing strong results. Following the coronavirus pandemic as a base for isopropyl acetate, the pharma industry is likely to remain a major consumer over the coming years
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Key Market Segments Covered in Report
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>98%
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