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Propyl Acetate Market Report: Trends, Forecast and Competitive Analysis to 2030

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    Report

  • 150 Pages
  • February 2024
  • Region: Global
  • Lucintel
  • ID: 5980258

Propyl Acetate Trends and Forecast

The future of the global propyl acetate market looks promising with opportunities in the paint & coating, printing ink, cosmetic & personal care, food & beverage and pharmaceutical markets. The global propyl acetate market is expected to grow with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are rising usage of nail care products to make a style statement, significant rise in demand for rotogravure inks, as well as, rising application of propyl acetate in personal care products and food flavorings.

Propyl Acetate by Segment

The study includes a forecast for the global propyl acetate by product, application, and region.

Propyl Acetate Market by Product [Shipment Analysis by Value from 2018 to 2030]:

  • Purity≥99.5%
  • Purity≥ 99.0%

Propyl Acetate Market by Application [Shipment Analysis by Value from 2018 to 2030]:

  • Paints & Coatings
  • Printing Ink
  • Cosmetics & Personal Care
  • Food & Beverages
  • Pharmaceuticals
  • Others

Propyl Acetate Market by Region [Shipment Analysis by Value from 2018 to 2030]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of Propyl Acetate Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies propyl acetate companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the propyl acetate companies profiled in this report include:
  • Oxea
  • Dow
  • BASF
  • Eastman
  • Solvay
  • Showa Denko
  • Daicel

Propyl Acetate Market Insights

The publisher forecasts that purity≥ 99.0% is expected to witness the highest growth over the forecast period because of the growing use of these compounds as an intermediate in the production of synthetic and natural resins.

North America will remain the largest region over the forecast period because the propyl acetate's end users in the printing, paint and coating, packaging, and other industries experiencing tremendous growth through partnerships, joint ventures, and ongoing projects.

Features of the Global Propyl Acetate Market

  • Market Size Estimates: Propyl acetate market size estimation in terms of value ($B).
  • Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
  • Segmentation Analysis: Propyl acetate market size by product, application, and region in terms of value ($B).
  • Regional Analysis: Propyl acetate market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different product, application, and regions for the propyl acetate market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape of the propyl acetate market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the growth forecast for propyl acetate market?
Answer: The global propyl acetate market is expected to grow with a CAGR of 6.8% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the propyl acetate market?
Answer: The major drivers for this market are rising usage of nail care products to make a style statement, significant rise in demand for rotogravure inks, as well as, rising application of propyl acetate in personal care products and food flavorings.

Q3. What are the major segments for propyl acetate market?
Answer: The future of the global propyl acetate market looks promising with opportunities in the paint & coating, printing ink, cosmetic & personal care, food & beverage and pharmaceutical markets.

Q4. Who are the key propyl acetate market companies?
Answer: Some of the key propyl acetate companies are as follows:
  • Oxea
  • Dow
  • BASF
  • Eastman
  • Solvay
  • Showa Denko
  • Daicel
Q5. Which propyl acetate market segment will be the largest in future?
Answer: The publisher forecasts that purity≥ 99.0% is expected to witness the highest growth over the forecast period because of the growing use of these compounds as an intermediate in the production of synthetic and natural resins.

Q6. In propyl acetate market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period because the propyl acetate's end users in the printing, paint and coating, packaging, and other industries experiencing tremendous growth through partnerships, joint ventures, and ongoing projects.

Q7. Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.

This report answers the following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the propyl acetate market by product (purity≥99.5% and purity≥ 99.0%), application (paints & coatings, printing ink, cosmetics & personal care, food & beverages, pharmaceuticals, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?


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Table of Contents

1. Executive Summary
2. Global Propyl Acetate Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Propyl Acetate Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Propyl Acetate Market by Product
3.3.1: Purity=99.5%
3.3.2: Purity= 99.0%
3.4: Global Propyl Acetate Market by Application
3.4.1: Paints & Coatings
3.4.2: Printing Ink
3.4.3: Cosmetics & Personal Care
3.4.4: Food & Beverages
3.4.5: Pharmaceuticals
3.4.6: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Propyl Acetate Market by Region
4.2: North American Propyl Acetate Market
4.2.1: North American Propyl Acetate Market by Product: Purity=99.5% and Purity= 99.0%
4.2.2: North American Propyl Acetate Market by Application: Paints & Coatings, Printing Ink, Cosmetics & Personal Care, Food & Beverages, Pharmaceuticals, and Others
4.3: European Propyl Acetate Market
4.3.1: European Propyl Acetate Market by Product: Purity=99.5% and Purity= 99.0%
4.3.2: European Propyl Acetate Market by Application: Paints & Coatings, Printing Ink, Cosmetics & Personal Care, Food & Beverages, Pharmaceuticals, and Others
4.4: APAC Propyl Acetate Market
4.4.1: APAC Propyl Acetate Market by Product: Purity=99.5% and Purity= 99.0%
4.4.2: APAC Propyl Acetate Market by Application: Paints & Coatings, Printing Ink, Cosmetics & Personal Care, Food & Beverages, Pharmaceuticals, and Others
4.5: ROW Propyl Acetate Market
4.5.1: ROW Propyl Acetate Market by Product: Purity=99.5% and Purity= 99.0%
4.5.2: ROW Propyl Acetate Market by Application: Paints & Coatings, Printing Ink, Cosmetics & Personal Care, Food & Beverages, Pharmaceuticals, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Propyl Acetate Market by Product
6.1.2: Growth Opportunities for the Global Propyl Acetate Market by Application
6.1.3: Growth Opportunities for the Global Propyl Acetate Market by Region
6.2: Emerging Trends in the Global Propyl Acetate Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Propyl Acetate Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Propyl Acetate Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Oxea
7.2: Dow
7.3: BASF
7.4: Eastman
7.5: Solvay
7.6: Showa Denko
7.7: Daicel

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Oxea
  • Dow
  • BASF
  • Eastman
  • Solvay
  • Showa Denko
  • Daicel

Methodology

The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:

  • In-depth interviews of the major players in the market
  • Detailed secondary research from competitors’ financial statements and published data
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.

Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.

Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.

 

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