The global demand for N-Propyl Acetate Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
N-propyl acetate, also known as propyl ethanoate or 1-propyl acetate, is a chemical compound widely employed as a solvent and is an ester. N-propyl acetate is a chemical compound with the molecular formula C5H10O2. N-propyl acetate is basically obtained by the Fischer-Speier esterification process of 1-propanol and acetic acid. In the preparation of Normal propyl acetate, water is formed as a byproduct and sulfuric acid is used as a catalyst. N-propyl acetate is a flavouring agent and is also found in apples. N-propyl acetate is used as a rotogravure printing ink, solvent for liquid, and flexographic printing inks. It is also incorporated in coatings, aerosol sprays, wood lacquers, cosmetics, nail care products, and fragrances.
Market Dynamics
Demand for N-propyl acetate is expected to grow globally at a healthy rate in the forthcoming years owing to the prominent growth in the need for rotogravure inks, especially for books, magazines, inserts, newspapers, and catalogues. The thin texture, mild odour, and good solvency nature of N-propyl acetate drive its adoption in printing ink & coating purposes. Additionally, the N-propyl acetate application in food flavourings and personal care products is increasing at an alarming rate. The growing need for coatings in the automotive industry is expected to significantly boost the N-propyl acetate market. Furthermore, due to its optimum fragrance properties, the N-propyl acetate market is booming over the forecast period. The food & beverage producers significantly include this chemical compound in their products as a flavouring agent. The Food and Drug Administration approved N-propyl acetate as a food additive for human consumption and has also impacted the growth of the N-propyl acetate market globally.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of n-propyl acetate. The growth and trends of n-propyl acetate industry provide a holistic approach to this study.
Market Segmentation
This section of the n-propyl acetate market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- N-Propyl Acetate ‰¥ 99.5%
- N-Propyl Acetate ‰¥ 99.0%
By Application
- Paints & Coatings
- Printing Ink
- Cosmetics And Personal Care
- Food & Beverages
- Pharmaceuticals
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the N-Propyl Acetate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global N-Propyl Acetate Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the n-propyl acetate market include Oxea, Dow, BASF, Eastman, Solvay, Showa Denko K.K., Daicel, Sasol, Chang Chun Group, Shiny Chem, Handsome Chemical, Zhejiang Jianye, Nanjing Wujiang, Jiangsu Baichuan, Ningbo Yongshun, Jiangsu Ruijia, Yixing Kaixin. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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