The isopropyl acetate market refers to the industry that manufactures and supplies isopropyl acetate, a colorless, flammable liquid used as a solvent in various industries. Isopropyl acetate is used in the production of coatings, paints, adhesives, and other products due to its high solvency power, low toxicity, and fast evaporation rate. The market for isopropyl acetate is driven by factors such as increasing demand for coatings and paints in various industries, growing investment in infrastructure development, and rising demand for adhesives and sealants. Additionally, factors such as advancements in manufacturing technologies and increasing awareness of the benefits of using isopropyl acetate in various applications are also contributing to market growth.
Geographically, Asia-Pacific is the largest market for isopropyl acetate, followed by North America and Europe. The market in Asia-Pacific is expected to grow at the highest rate due to factors such as increasing demand for coatings and paints in various industries, growing investment in infrastructure development, and rising demand for adhesives and sealants in emerging economies such as China and India. Overall, the isopropyl acetate market is expected to continue to grow in the coming years as the demand for high-performance solvents increases worldwide, and as manufacturers continue to develop new and innovative products to meet the needs of various industries. Additionally, the increasing focus on sustainability and environmental regulations is expected to drive the demand for isopropyl acetate further.
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Segmentation of Isopropyl Acetate Industry Research
- By Grade :
- >98%
- <98%
- By Function :
- Additive
- Intermediate
- Plasticizers
- Stabilizers
- Others
- By Application :
- Printing Inks
- Automotive
- OEM Coatings
- Refinishes
- Plastics
- Architectural Coatings
- Wood Coatings
- Printing Inks
- Packaging Components & Inks
- Personal care ingredients
- Pharmaceuticals
- Cleaning Fluids
- Perfumes & Fragrances
- Others
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Key Takeaways from Market Study
- The global isopropyl acetate market is projected to grow at 5.2% CAGR and reach US$ 676.9 million by 2033
- The market witnessed a 4.0% CAGR between 2018 to 2022
- US is anticipated to grow at a CAGR of 5.2% between 2023–2033
- North America is likely to represent 24.3% of the isopropyl acetate market share
- East Asia to remain the largest market in the isopropyl acetate market
- China’s isopropyl acetate market is set to grow at a CAGR of 5.4%
Market Frontrunners
- SEQENS SPS
- DOW
- EASTMAN Chemical Company
- INEOS
- Monument Chemical
- Pidilite Industries Ltd.
- Sankyo Chemical Co. LTD.
Key Questions Covered in the Isopropyl Acetate Market Report
- What is the projected value of the Isopropyl Acetate Market in 2023?
- At what rate will the global Isopropyl Acetate Market grow until 2033?
- Which are the factors hampering the growth in the Isopropyl Acetate Market?
- Which region is expected to lead in the global Isopropyl Acetate Market during 2023 to 2033?
- Which are the factors driving the Isopropyl Acetate Market during the forecast period?
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What is the expected market value of the Isopropyl Acetate Market during the forecast period?
