About the Report
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.
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.
Historical & Future Projections
Over the past half-decade, isopropyl acetate has portrayed absolute growth at a CAGR of 3.6%. This growth has been on the back of exploration of pharmaceutical applications, complemented by broad 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 COVID-19 outbreak partially contracted demand for isopropyl acetate in the second and third quarters of FY2020. Lockdowns across the globe and force majeure of production across key end-use industries such as inks and coatings, paper and textiles, printing inks, and chemicals led to a domino effect on demand for isopropyl acetate market across regions. However, in the fourth quarter of 2020, overall demand witnessed a hike of 4%.
Gathering all the findings for the market over the forecast period, demand is projected to grow in a steady pace in the short-term (2020-2025), while in the medium-term, it is expected to record moderate growth. Overall, the market is projected to expand at a CAGR around 5% through 2031.
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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.
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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Why is the U.S. Showcasing Huge Scope in Isopropyl Acetate Production?
During the historic time frame, isopropyl acetate production in the U.S. escalated with expanded production facilities, increased research laboratories, and ease of local raw material sourcing. Majority of key market players have clustered their production bases in the U.S., and continue to experience strong demand, globally. Increased government spending on chemical synthesis and increasing GVA with heightening index of industrial production are some notable reasons attracting key players to the U.S. North America has occupied a significant market share in the production of isopropyl acetate, driven by the U.S. that occupies more than 90% market share.
Why are European Countries Poised to Increase Consumption of Isopropyl Acetate?
European countries such as Germany, France and Italy are the talk of the town for personal care ingredients. Perfume & fragrance and automotive industries are set to induce strong consumption potential. In addition, these countries continue to portray enormous demand for personal care products, gathering a huge consumer base and opening the door for widened application offerings of isopropyl acetate. Isopropyl acetate has direct application for production of these end-use applications such as aromatic perfumes & fragrances, personal care products, etc.
In a recently published report by Fact.MR, Japan has been highlighted in the top 10 prominent countries, and deep insights about pricing, demand-supply gap, and other factors have been provided.
What are the Key Challenges Faced by Isopropyl Acetate Manufacturers?
In the past, isopropyl acetate manufacturers have been dominated by sparse suppliers for their raw material. This has prominently exposed them to the procurement risks associated in the market, which was an eye opener in 2020 when global trade was muffled. Key raw materials are isopropyl alcohol and acetic acid, which sustained fluctuation in pricing during the historic time frame. This further resulted in increased pricing of isopropyl acetate by key manufacturers to hold their market presence.
How is Increasing Usage of Personal Care Products Driving Demand for Isopropyl Acetate?
Isopropyl acetate offerings are based on its requirement from end-use industries, and similarly goes into application where it fits the best. Personal care products and printing inks are key areas for isopropyl acetate. With escalating demand across the globe for personal care products, the growth potential of the isopropyl acetate market will be high in the long-term with the consumer base scattered across the globe.
Isopropyl acetate is widely used in cosmetics and personal care products such as aftershave lotions, bath products, eye and other makeup products, as well as nail, hair, and skin care products. Consumers are stimulating the growth graph for isopropyl acetate are looking for increased end-product diversification based on improvised chemical composition.
An Adaptive Approach to Modern-day Research Needs
Historical Data Available for
|US$ Mn for Value & KT for Volume|
Key Regions Covered
Key Countries Covered
Key Market Segments Covered
Key Companies Profiled
|Customization & Pricing||
Available upon Request
Key Market Segments Covered in Report
- OEM Coatings
- Architectural Coatings
- Wood Coatings
- Printing Inks
- Packaging Components & Inks
- Personal Care Ingredients
- Cleaning Fluids
- Perfumes & Fragrances
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
Isopropyl Acetate Market- Scope of Report
A recent study by Fact.MR on the isopropyl acetate market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the development of isopropyl acetate.
The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies operating in the isopropyl acetate Market, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including production capacity, demand, product developments, revenue generation, and sales of isopropyl acetate across the globe.
A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of isopropyl acetate during the forecast period. Price point comparison by region with global average price is also considered in the study.
Analysis on Market Size Evaluation
The market has been analyzed for each market segment in terms of volume (Kilo Tons) and value (US$ Mn).
Market estimates at global and regional levels for isopropyl acetate are available in terms of “US$ Mn” for value and in “Kilo Tons” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global isopropyl acetate market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the market during the forecast period.
Country-specific valuation on demand for isopropyl acetate has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value and volume for emerging countries has also been included in the report.
In-depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of isopropyl acetate, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of isopropyl acetate has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolio and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the isopropyl acetate market.
- FAQs -
The global market is consolidated in nature with less players in limited regions. Key players account for 2/3 market share, followed by regional moderate- to large-size players.
>98% isopropyl acetate grade has been occupying maximum share in the market. Based on demand from end-use industries, isopropyl acetate is customized and provided with best-suited materials for various applications.
COVID-19 has had a significant impact on the production and supply chain of isopropyl acetate across regions, as the market stepped on the demand brakes over the period of Q2 and Q3 of the FY2020.
Isopropyl acetate has wide application based on its intermediate function. During chemical synthesis and chemical composition, isopropyl acts as a catalyst.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
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