Isopropyl Acetate Market

Isopropyl Acetate Market Analysis by Additives, Intermediates, Plasticizers, and Stabilizers, and by Grade from 2023 to 2033

Analysis of Isopropyl Acetate Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Isopropyl Acetate Market Outlook (2023 to 2033)

The global isopropyl acetate (IPAc) market is estimated to be valued at US$ 407.7 million in 2023 and it is expected to grow at a CAGR of 5.2% to reach US$ 676.9 million by the end of 2033.

The isopropyl acetate market has gained traction all around the globe and is being utilized in several applications, including specialty printing inks, packaging components & inks, automotive OEMs, pharmaceuticals, and others.

It has also been observed that novel isopropyl acetate with advanced innovation and research in the market for isopropyl acetate is anticipated to foster unexplored opportunities with the intervention of additional use cases and applications due to the vibrant nature of the market is poised to provide ample growth opportunities over the forecast period.

Report Attributes


Estimated Market Value (2023E)

US$ 407.7 Million

Forecasted Market Value (2033F)

US$ 676.9 Million

Global Market Growth Rate (2023-2033)

5.2% CAGR

North America Market Share (2023)


East Asia Market Growth Rate (2023-2033)

5.3% CAGR

Europe Market Growth Rate (2023-2033)

5.0% CAGR

Key Companies Profiled

  • DOW
  • EASTMAN Chemical Company
  • Monument Chemical
  • Pidilite Industries Ltd.
  • Sankyo Chemical Co. LTD.

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Historic and Future Path for Isopropyl Acetate Market

In chemistry, isopropyl acetate is known as a chemical compound produced with the esterification reaction between acetic acid and isopropyl alcohol. Isopropyl acetate is gaining traction due to its growing application as a flavoring agent or an additive. It is also used as an intermediate in numerous reactions.

  • Short Term (2023-2026): As rapid advancements taking place in the Pharmaceutical Industry globally, Isopropyl Acetate is therefore demanding large-scale integration based on its properties. Isopropyl Acetate’s versatility and properties fit best for pharmaceutical applications and use. Continuous growth priorities for pharma-grade isopropyl acetate have infused a significant pace to the IPAc market.
  • Medium Term (2026-2029): Periodic research and development in the isopropyl acetate market continue to showcase strong and reliable applications. Market actors across different regions of the globe associated with the production of isopropyl acetate are improvising their research and development bases with further expansion of resources to deliver unmatched capabilities for isopropyl acetate application.
  • Long Term (2029-2033): The market for personal care products remained an epicenter for a wide consumer base scattered across the globe. Positive results for consumption demand have ignited the index of the personal care market. Continuous product innovation and launches thrive on the market potential for a longer-term perspective.

Market Dynamics Overview

“Surge in Petrochemical Production to Open New Fortunes for Isopropyl Acetate”

The petrochemical industry plays a prominent role in the overall growth cycle of countries. Isopropyl acetate is derived from petrochemicals through subsequent stages of refining and synthesis processes and finds prominence in many use cases globally. Many petrochemical products have become important in the chemical industry, and isopropyl acetate has merely elevated this trend.

Over the past few decades, petrochemicals have witnessed positive results and have driven industrial production with a wide array of offerings. Isopropyl acetate is a petrochemical byproduct and is anticipated to exhibit similar growth potential during the coming years. The USA is the leading regional market for petrochemicals and is thus likely to be a leading player in the isopropyl acetate market.

“Soaring Demand for OEM Coatings and Furnishings Infuse Prosperity in Isopropyl Acetate Market”

The growing automotive industry is likely to create a plethora of opportunities for the isopropyl acetate market. Original equipment manufacturers of engines, gearboxes, shafts, and other automobile components look for long-lasting and effective coating materials to deliver reliable products that last a long time. Isopropyl acetate provides enhanced material properties with its introduction in OEM coating materials.

Isopropyl acetate finds prominence in automobile applications with the intervention of furnishing applications and cleansing materials for vehicle bodies. Surging demand for effective furnishing materials and reliable OEM coatings from key manufacturers operating in the market leads to significant demand for improvements in these products down the line, further embellishing the market prospects of isopropyl acetate.

“Requirement of Energy-Intensive Process to Restrain Isopropyl Acetate Market Growth”

Isopropyl acetate compound is formed by an esterification reaction between isopropyl Alcohol and acetic acid. This process consumes a lot of energy, which may not be affordable to most players operating in the market, resulting in lowered production of isopropyl acetate. During the conversion reaction, isopropyl alcohol is often used in excess amounts.

Further, the separation of the byproduct water and recovery of excess IPA consumes a lot of energy and consequently increases the cost of production. During the reaction, water is produced as a byproduct sometimes diluting sulfuric acid, resulting in severe corrosion. These notable factors have lowered the potential of the isopropyl acetate market significantly in the long run.

“Price Variation of Key Raw Materials is Likely to Hamper Market Growth”

Changing raw material pricing and fluctuating petrochemical demand globally has a substantial impact on the consumption and demand for isopropyl acetate during the historical timeframe. The unavailability of key raw materials associated with the production of isopropyl acetate is seen to significantly reflect on the market for isopropyl acetate.

Crude oil pricing has also significantly affected the market for isopropyl acetate. Market players have adopted various significant pricing strategies to overcome these problems, but they have thus far remained unsuccessful. Major petrochemical importers like USA, Mexico, Japan, and others. are dominantly resulting in the changing prices and player’s crucial role in degrading the potential consumer base share with increasing IPAc prices soon.

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Country-wise Insights

Why the US is Projecting High Demand for Isopropyl Acetate?

The Isopropyl acetate market in the US is projected to grow at a CAGR of 5.2% in the forecast period.

The US market holds a prominent automotive industry across the globe. The automotive industry in the US is valued at US$ 104.5 billion and is expected to continue its dominance in the global market. The presence of some of the leading automotive manufacturing companies such as GM Motors, Tesla, and Ford is increasing the demand for isopropyl acetate. Isopropyl acetate coatings are used for OEM, refinishing, can & coil, and other purposes. Such factors fuel the demand for isopropyl acetate.

What Role does China Play in the Expansion of the Isopropyl Acetate Market?

The rising disposable income of people in China enabled consumers to increase their spending on cosmetics and personal care products. The cosmetics industry in China is valued at US$ 60.0 billion and is likely to increase at a steady growth rate due to increasing consumer spending on personal care and cosmetics products.

Isopropyl acetate is widely used as an intermediate compound in the production of cosmetics & personal care products such as bath products, aftershave lotions, make-up, hair, and skincare products.

Category-wise Insights

Which Grade is Likely to Capture Maximum Market Share?

>98% is anticipated to capture the maximum market share in the isopropyl acetate market. >98% is referred as the high purity of isopropyl acetate which generally goes for high-end application requirements. These grades are specially manufactured for pharmaceutical applications. With the growing demand for high-grade from flourishing end-use industries is likely to drive the isopropyl acetate market.

How is Increasing Usage of Personal Care Products Driving Demand for Isopropyl Acetate?

With escalating demand across the globe for the consumption of personal care products, the growth potential of the isopropyl acetate market is high in the long term. 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 skincare products.

The use of such products is increasing due to the growing global consumer base. Growing demand for personal care products to maintain an attractive appearance and personal hygiene is likely to drive the demand in the years to come.

Personal care product manufacturing companies are situated in prominent regional markets around the globe to efficiently observe and profit from ongoing supply chain and network trends. These players are looking towards research and development to deliver increased use cases for isopropyl acetate in the personal care industry.

With increased production capacity globally, the use of isopropyl acetate in perfumes and fragrances finds unique prominence and continuously bolsters the demand in the long run.

Market Titans Key Strategies

Prominent isopropyl acetate market players are SEQENS SPS, Dow, Eastman Chemical Company, INEOS, Monument Chemical, Pidilite Industries Ltd., Sankyo Chemical Co. Ltd

The global market for isopropyl acetate is dominated by a limited set of players operating in the market with full potential and continues filling the voids of demand globally. The limited set of players operating globally closely observe consumer behaviors, market trends, raw material pricing fluctuation, and prominent regions for the establishment of production bases.

Companies have positioned their production bases in prime locations around the globe and strictly adhere to the competitive environment to maintain the growth of the market. Players adopt marketing strategies and different other plans to establish trust among the consumer base.

Similarly, organic and inorganic strategies are seen adopted in the market followed by successful acquisitions to keep the market competitive and proving the best output possible. The market has strong backup from its parent clan of the chemical and petrochemical industry, nevertheless, isopropyl demand is at surge with increased application use cases and continues to portray a similar potential during the long run.

Fact.MR has provided detailed information about the price points of key manufacturers of isopropyl acetate positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

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

- FAQs -

What is the Global Isopropyl Acetate Market Size?

The global isopropyl acetate market is estimated to be valued at US$ 407.7 million in 2023.

How will the Market Perform Over the Forecast Period?

During 2023-2033, consumption of isopropyl acetate is estimated to grow at 5.2% CAGR.

At What Rate Europe Market is Expected to Grow?

The Europe market is anticipated to grow at a CAGR of 5.0% between 2023-2033.

Which Application Holds the Highest Market Share?

Automotive application in the isopropyl acetate market is anticipated to capture the maximum market share.

Which Country Will Grow at the Highest CAGR in the Isopropyl Acetate market?

China is anticipated to grow at the highest CAGR of 5.4% in the forecast period.

Who are the Major Players in the Isopropyl Acetate Market?

SEQENS SPS, DOW, Eastman Chemical Company, INEOS, and Monument Chemical are some of the major players in the isopropyl acetate market.

Isopropyl Acetate Market

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