Paints And Coatings Industry Is Projected To Push Demand For Isopropyl Acetate Market

The latest Fact.MR study on global Isopropyl Acetate market Survey presents an all in all compilation of the historical, current and future outlook of Isopropyl Acetate as well as the factors responsible for Isopropyl Acetate Market growth.

The Report on Isopropyl Acetate Market Sales gives a 360-degree view of market. It provides reliable data on drivers, restraints, challenges, and opportunities and gives a clear idea on the demands and consumption of diverse products/services related to the growth dynamics of Isopropyl Acetate market during the Forecast period of 2021 to 2031

Introduction

Global sales of isopropyl acetate experienced a minor decline in the initial phase of 2020 owing to stringent regulations imposed in Covid-19 crisis throughout the world. As the effect of the disease has come down and the world has learned to manage to deal with the ongoing crisis, situation is stabilizing, encouraging leading as well as new players to focus on recovery.

Growing demand in pharmaceutical industry continues to be a key factor driving demand for isopropyl acetate. The demand for isopropyl acetate in 2021 will be heavily influenced by overall performance of the pharmaceutical industry globally.

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The readability score of the Isopropyl Acetate Market Demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.

The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers.

This Isopropyl Acetate market Survey report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Isopropyl Acetate Industry along with key stakeholders as well as emerging players associated with the manufacturing of product.

Geographical Data Analysis of Isopropyl Acetate Market Survey Research Report Is Based On:

The Isopropyl Acetate Industry Sales study offers a comprehensive analysis on diverse features including production capacities, Isopropyl Acetate demand, product developments, Sales revenue generation and Isopropyl Acetate Market Outlook across the globe.

The market is anticipated to be dominated by Asia Pacific region with significant customer base for paints and coatings industry in the region. Moreover, there has also been a significant demand for coatings in the automotive sector in the region.

North America and Europe are also projected to represent significant share owing to the increase in demand from cosmetics and personal care segment. Regions such as Latin America, Middle East and Africa and Japan are projected to hold relatively lower share and are projected to register sluggish growth over the forecast period.

What insights does the Isopropyl Acetate Market Demand report provide to the readers?

• Market segmentation on the basis of product type, application and region.
• In-depth assessment of Isopropyl Acetate Market Sales Revenues, third-party sources, along with analysis of various growth indicators, and challenges.
• Collaborations, R&D projects, acquisitions, and product launches of each Key player.
• The major countries in each region are mapped according to their Sales revenue contribution to the Isopropyl Acetate
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
• The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the Key players in the Isopropyl Acetate industry.

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What Key Challenges do Isopropyl Acetate Manufacturers Face?

The global major impeding the growth of isopropyl acetate is the use of water based paints and coatings. With advancement in technology, the paints and coatings industry is developing high quality water based paints that have excellent durability, quick drying time and emit less odor.\

Additionally, after drying, solvent based paints form a film and the hydrocarbon solvents are evaporated; thus, releasing harmful volatile organic compounds in the atmosphere. The water based paints market is foreseen to grow at a healthy CAGR, owing to environmental and other benefits. The legislation is also in support of this trend.

One of the major challenges faced by the isopropyl acetate manufacturers is the use of other solvents which have better solubility and are made from renewable feedstock. Thus affecting the market growth

Conventionally, the use of isopropyl acetate was limited to the printing inks and coatings industry. However, over the past few years, there has been an increase in use as a fragrance carrier. Moreover, the manufacturers are focusing on developing green processes for the manufacture of isopropyl acetate in order to sustain competition.

Reasons To Purchase Isopropyl Acetate Market outlookotloo Report: 

–Better extension of trade and auction activities respecting businesses through the delivery of prospective data for the clients.

–Complete understanding of the Sales Outlook Of global Isopropyl Acetate Market.

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–The global Isopropyl Acetate market Demand research report studies the latest global trends, up-to-date and thorough competitive analysis, along with various other key features of the worldwide market.

–The potential future partners, suppliers or affiliates have also skillfully been trained in the report.

– The Key trends Analysis of Isopropyl Acetate Market also provides dynamics that are responsible for influencing the future Sales and Demand of over the forecast period.

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The Isopropyl Acetate Market Sales report also maps the qualitative impact of various factors segments by product type, by vehicle type and by geographies.

Segmentation

On the basis of application, the market can be segmented as:

• Cleaning fluids
• Coatings
  • Automotive OEM
  • Automotive Refinish
  • Can and Coil coatings
  • General Industrial coatings
  • Marine coatings
  • Industrial wood coatings
  • Other Transportation
• Printing Inks
• Cosmetic/ Personal Care solvent
• Perfumes and Fragrances
• Pharmaceutical
• Pesticides and Insecticides
• Others

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Competitive Landscape

Some of the market participants are:

• The Dow Chemical Company
• Eastman Chemical Company
• Sigma Aldrich
• Monument Chemical
• Sisco Research Laboratories Pvt. Ltd
• INEOS Oxide
• Pidilite Industries Ltd.
• Kane International Corporation
• SONTARA ORGANO INDUSTRIES
• Zhejiang Jianye Chemical Co., Ltd.

What’s Driving the Demand for Isopropyl Acetate?

With the significant rise in demand for rotogravure inks i.e for magazines, books, newspapers, inserts and catalogs also packaging printing on metal and plastic film the global demand for isopropyl acetate is projected to grow.

Moreover, isopropyl acetate is also being used for flexographic printing inks i.e. for paper, cardboard, etc. amongst others especially in the Asia Pacific region, thus creating traction in the global market.

The rising demand for coatings in the automotive industry is projected to create significant traction in the market. With the rise in vehicle production and demand for the highly advanced coating material, the overall isopropyl acetate market is projected to grow significantly over the forecast period.

Isopropyl acetate is an excellent resin solvent with solubility with a number of organic solvents.

Another factor supporting the growth of isopropyl acetate is it is a no-HAP (hazardous air pollutant). The product also complies with the reach regulations thus it is preferably used over a number of specified applications.

Isopropyl acetate is an ester, an organic compound that is the product of the condensation of acetic acid and isopropanol. It is a component of some printing inks and perfumes. It is a clear, colorless liquid with a characteristic fruity fragrance.

Isopropyl acetate liquid and vapor are flammable. The product is stable at recommended temperature and pressure. Isopropyl acetate is incompatible with alkali metal hydroxides, such as sodium hydroxide, as well as nitric acid and strong oxidizers.

The paints and coatings industry is witnessing a surge in the use of advanced materials. This could be a factor that could significantly restrain the growth of the global isopropyl acetate market in the forthcoming years. This could be ascribed to the fact that the use of the chemical in paints results in the release of volatile organic compounds (VOCs) in the atmosphere.

However, the growing acceptance of isopropyl acetate as a fragrance carrier and in the automotive industry as a coating agent is expected to supersede the market restraints and aid growth.

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