Isopropyl Acetate Market | 2031 Insights | Updates
The Isopropyl Acetate Market is expected to register a CAGR of 5.6% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Function (Additive, Intermediate, Plasticizers, and Others). The report further presents an analysis based on the End-Use Industry (Paints and Coatings, Automotive, Printing Inks, Printing Inks, Pharmaceuticals, Furniture, and Others). The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Isopropyl Acetate Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Isopropyl Acetate Market Segmentation
Function- Additive
- Intermediate
- Plasticizers
- Paints and Coatings
- Automotive
- Printing Inks
- Printing Inks
- Pharmaceuticals
- Furniture
Strategic Insights
Isopropyl Acetate Market Growth Drivers- Rising Demand for Isopropanol Driven by Health and Hygiene Awareness: Isopropyl acetate, or IPA, is a multifunctional solvent used in many industries-coatings, pharmaceuticals, cosmetics, food processing. Increasing market demand for IPA in the coatings industry due to booming sectors of construction, automotive, and industry forms one key major driver of the market.
- Isopropanol's Crucial Role in Healthcare and Pharmaceutical Industries: With isopropyl acetate biodegradable features and low toxicity, its demand is expected to more increase due to the trend towards environment-friendly and safer chemical alternatives. Regulatory bodies across the world, including EPA and REACH in the EU, have established varied policies that encourage the adoption of less hazardous chemicals thereby helping the growth of the IPA market.
- Expanding Industrial Production and Need for High-Quality Solvents: The pharmaceutical industry is increasingly using isopropyl acetate for formulation and as a solvent in the manufacture of medicinal products. IPA also finds use in the cosmetic and skincare industry as the consumer demand for more innovative, of superior quality beauty products is rising very rapidly. Increased usage in the pharmaceuticals and personal care markets are likely to take the market.
- Sustainable Production of Isopropyl Acetate: The increased attention to renewable feedstocks such as those derived from biomass or ethanol to produce isopropyl acetate contributes a great deal to its production. The response of the industry into greener production routes because of the growing focus on sustainability in chemical manufacturing counters pressure from the consumers and regulation.
- Rising Demand for Eco-Friendly Coatings: The primary drivers of the growth in demand for paints, coatings, and adhesives have been the major consumers of IPA-its consumers-overseas-while the global shift towards urbanization and infrastructural development has increased the demand for such products, along with phenomenal growth in industrialization and construction activities taking place in emerging markets like Asia-Pacific and Latin America, the trend toward high-performance and eco-friendly coatings.
- Innovations in Solvent Recovery: Current advancements in recoveries of solvents such as IPA through distillation and membrane filtration improved the maximization efficiencies of the usage of IPA in many industries. This innovation cuts down on wastage while saving on operational costs with the overall profitability of the business using IPA as the solvent. This makes the usage of the IPA more attractive to industries, making use of it in a better, cost-effective, and more sustainable manner.
- Growth in Emerging Economies: Isopropyl acetate market has great potential in the emerging economies of the Asia-Pacific region, Latin America, and Africa. With the growth of industrialization and infrastructural development in these regions, there will be an increase in demand for IPA. The consumer base for pharmaceuticals, cosmetics, and coatings is also on the rise in these regions. Companies which expand into these regions will reap the opportunities of unexplored market potential and increased demand for more eco-friendly solvents.
- Isopropyl Acetate in Drug Formulations and Vaccines: Isopropyl acetate will be further used as solvent in the manufacturing of pharmaceuticals. That kind of manufacturing is going to grow opportunities in health care. Health care is going to increase around the world, especially in regions where their populations are aging fast and the associated health care needs are shifting. IPA will be more widely used as a solvent in drug formulations and in making vaccines and other medicine items.
- Isopropyl Acetate in Food and Beverage Industry: In addition, isopropyl acetate is a flavoring agent for food and beverages. As consumers increasingly seek novel, natural flavors, so do opportunities for the usage of IPA in this market. Plant-based food trends and clean label initiatives are similarly positioning IPA as a necessary component for natural and organic formulations of foods.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Isopropyl Acetate Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Isopropyl Acetate Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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Frequently Asked Questions
Rise in demand for solvents in paints and coatings is expected to be the key market trend.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
On the basis of geography, the isopropyl acetate market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
The major factors driving the isopropyl acetate market are:
1. Expanding Pharmaceutical and Personal Care Applications.
2. Shift Toward Green and Eco-friendly Solvents.
Dow Inc, Eastman Chemical Co, Honeywell International Inc, Solventis Group, Seqens SPS, INEOS Group Ltd, SANKYO CHEMICAL CO LTD, Monument Chemical, SHINKO ORGANIC CHEMICAL INDUSTRY LTD, and Tokyo Chemical Industry Co Ltd
The Isopropyl Acetate Market is estimated to witness a CAGR of 5.6% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Isopropyl Acetate Market - By Function
1.3.2 Isopropyl Acetate Market - By Application
1.3.3 Isopropyl Acetate Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ISOPROPYL ACETATE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. ISOPROPYL ACETATE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ISOPROPYL ACETATE MARKET - GLOBAL MARKET ANALYSIS
6.1. ISOPROPYL ACETATE - GLOBAL MARKET OVERVIEW
6.2. ISOPROPYL ACETATE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. ISOPROPYL ACETATE MARKET - REVENUE AND FORECASTS TO 2028 - FUNCTION
7.1. OVERVIEW
7.2. FUNCTION MARKET FORECASTS AND ANALYSIS
7.3. ADDITIVES
7.3.1. Overview
7.3.2. Additives Market Forecast and Analysis
7.4. PLASTICIZERS
7.4.1. Overview
7.4.2. Plasticizers Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. ISOPROPYL ACETATE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. COATINGS
8.3.1. Overview
8.3.2. Coatings Market Forecast and Analysis
8.4. PRINTING INKS
8.4.1. Overview
8.4.2. Printing inks Market Forecast and Analysis
8.5. COSMETIC AND PERSONAL CARE
8.5.1. Overview
8.5.2. Cosmetic and personal care Market Forecast and Analysis
8.6. PERFUMES AND FRAGRANCES
8.6.1. Overview
8.6.2. Perfumes and fragrances Market Forecast and Analysis
8.7. PHARMACEUTICAL
8.7.1. Overview
8.7.2. Pharmaceutical Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. ISOPROPYL ACETATE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Isopropyl Acetate Market Overview
9.1.2 North America Isopropyl Acetate Market Forecasts and Analysis
9.1.3 North America Isopropyl Acetate Market Forecasts and Analysis - By Function
9.1.4 North America Isopropyl Acetate Market Forecasts and Analysis - By Application
9.1.5 North America Isopropyl Acetate Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Isopropyl Acetate Market
9.1.5.1.1 Canada Isopropyl Acetate Market by Function
9.1.5.1.2 Canada Isopropyl Acetate Market by Application
9.1.5.2 Mexico Isopropyl Acetate Market
9.1.5.2.1 Mexico Isopropyl Acetate Market by Function
9.1.5.2.2 Mexico Isopropyl Acetate Market by Application
9.1.5.3 US Isopropyl Acetate Market
9.1.5.3.1 US Isopropyl Acetate Market by Function
9.1.5.3.2 US Isopropyl Acetate Market by Application
9.2. EUROPE
9.2.1 Europe Isopropyl Acetate Market Overview
9.2.2 Europe Isopropyl Acetate Market Forecasts and Analysis
9.2.3 Europe Isopropyl Acetate Market Forecasts and Analysis - By Function
9.2.4 Europe Isopropyl Acetate Market Forecasts and Analysis - By Application
9.2.5 Europe Isopropyl Acetate Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Isopropyl Acetate Market
9.2.5.1.1 Germany Isopropyl Acetate Market by Function
9.2.5.1.2 Germany Isopropyl Acetate Market by Application
9.2.5.2 France Isopropyl Acetate Market
9.2.5.2.1 France Isopropyl Acetate Market by Function
9.2.5.2.2 France Isopropyl Acetate Market by Application
9.2.5.3 Italy Isopropyl Acetate Market
9.2.5.3.1 Italy Isopropyl Acetate Market by Function
9.2.5.3.2 Italy Isopropyl Acetate Market by Application
9.2.5.4 United Kingdom Isopropyl Acetate Market
9.2.5.4.1 United Kingdom Isopropyl Acetate Market by Function
9.2.5.4.2 United Kingdom Isopropyl Acetate Market by Application
9.2.5.5 Russia Isopropyl Acetate Market
9.2.5.5.1 Russia Isopropyl Acetate Market by Function
9.2.5.5.2 Russia Isopropyl Acetate Market by Application
9.2.5.6 Rest of Europe Isopropyl Acetate Market
9.2.5.6.1 Rest of Europe Isopropyl Acetate Market by Function
9.2.5.6.2 Rest of Europe Isopropyl Acetate Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Isopropyl Acetate Market Overview
9.3.2 Asia-Pacific Isopropyl Acetate Market Forecasts and Analysis
9.3.3 Asia-Pacific Isopropyl Acetate Market Forecasts and Analysis - By Function
9.3.4 Asia-Pacific Isopropyl Acetate Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Isopropyl Acetate Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Isopropyl Acetate Market
9.3.5.1.1 Australia Isopropyl Acetate Market by Function
9.3.5.1.2 Australia Isopropyl Acetate Market by Application
9.3.5.2 China Isopropyl Acetate Market
9.3.5.2.1 China Isopropyl Acetate Market by Function
9.3.5.2.2 China Isopropyl Acetate Market by Application
9.3.5.3 India Isopropyl Acetate Market
9.3.5.3.1 India Isopropyl Acetate Market by Function
9.3.5.3.2 India Isopropyl Acetate Market by Application
9.3.5.4 Japan Isopropyl Acetate Market
9.3.5.4.1 Japan Isopropyl Acetate Market by Function
9.3.5.4.2 Japan Isopropyl Acetate Market by Application
9.3.5.5 South Korea Isopropyl Acetate Market
9.3.5.5.1 South Korea Isopropyl Acetate Market by Function
9.3.5.5.2 South Korea Isopropyl Acetate Market by Application
9.3.5.6 Rest of Asia-Pacific Isopropyl Acetate Market
9.3.5.6.1 Rest of Asia-Pacific Isopropyl Acetate Market by Function
9.3.5.6.2 Rest of Asia-Pacific Isopropyl Acetate Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Isopropyl Acetate Market Overview
9.4.2 Middle East and Africa Isopropyl Acetate Market Forecasts and Analysis
9.4.3 Middle East and Africa Isopropyl Acetate Market Forecasts and Analysis - By Function
9.4.4 Middle East and Africa Isopropyl Acetate Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Isopropyl Acetate Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Isopropyl Acetate Market
9.4.5.1.1 South Africa Isopropyl Acetate Market by Function
9.4.5.1.2 South Africa Isopropyl Acetate Market by Application
9.4.5.2 Saudi Arabia Isopropyl Acetate Market
9.4.5.2.1 Saudi Arabia Isopropyl Acetate Market by Function
9.4.5.2.2 Saudi Arabia Isopropyl Acetate Market by Application
9.4.5.3 U.A.E Isopropyl Acetate Market
9.4.5.3.1 U.A.E Isopropyl Acetate Market by Function
9.4.5.3.2 U.A.E Isopropyl Acetate Market by Application
9.4.5.4 Rest of Middle East and Africa Isopropyl Acetate Market
9.4.5.4.1 Rest of Middle East and Africa Isopropyl Acetate Market by Function
9.4.5.4.2 Rest of Middle East and Africa Isopropyl Acetate Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Isopropyl Acetate Market Overview
9.5.2 South and Central America Isopropyl Acetate Market Forecasts and Analysis
9.5.3 South and Central America Isopropyl Acetate Market Forecasts and Analysis - By Function
9.5.4 South and Central America Isopropyl Acetate Market Forecasts and Analysis - By Application
9.5.5 South and Central America Isopropyl Acetate Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Isopropyl Acetate Market
9.5.5.1.1 Brazil Isopropyl Acetate Market by Function
9.5.5.1.2 Brazil Isopropyl Acetate Market by Application
9.5.5.2 Argentina Isopropyl Acetate Market
9.5.5.2.1 Argentina Isopropyl Acetate Market by Function
9.5.5.2.2 Argentina Isopropyl Acetate Market by Application
9.5.5.3 Rest of South and Central America Isopropyl Acetate Market
9.5.5.3.1 Rest of South and Central America Isopropyl Acetate Market by Function
9.5.5.3.2 Rest of South and Central America Isopropyl Acetate Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ISOPROPYL ACETATE MARKET, KEY COMPANY PROFILES
11.1. SEQENS SPS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DOW
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. EASTMAN CHEMICAL COMPANY
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. INEOS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MONUMENT CHEMICAL
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SANKYO CHEMICAL CO LTD
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SHINKO ORGANIC CHEMICAL INDUSTRY LTD
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. CHOICE ORGANCHEM
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. A. B. ENTERPRISES
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. N SHASHIKANT CO.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Seqens SPS
2.DOW
3.Eastman chemical company
4.Ineos
5.Monument chemical
6.Sankyo chemical co ltd
7.Shinko organic chemical industry ltd
8.Choice organchem
9.A. B. enterprises
10.N shashikant co.
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- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
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The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
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Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
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We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.