Global n

Aug 14, 2023

N-Propyl acetate is an organic compound commonly used as a solvent in various industries. It is a clear, colorless liquid with a fruity odor, and its chemical formula is C5H10O2. N-propyl acetate is produced by the esterification of acetic acid with n-propanol, and its unique properties make it a versatile chemical with widespread applications across different sectors.

The n-Propyl Acetate Market has been witnessing steady growth in recent years due to its growing demand in the manufacturing of paints, coatings, printing inks, and industrial solvents. The compound’s excellent solvency, low toxicity, and strong odor are some of the key factors driving its adoption in various industries.

The global n-propyl acetate market is anticipated to reach a value of US$ 706.3 Million by the end of 2032, as per Future Market Insights (FMI). Demand in the market is predicted to rise at a CAGR of 5.4% owing to consistent growth among diverse industries such as printing, pharmaceutical, and food & beverages. Owing to the characteristic fits of n-propyl acetate as a solvent or chemical intermediate in different processes is bolstering the sales.

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Prominent players are investing in emerging countries from Latin America and South Asia to get an efficient and rapid supply chain advantage over their competitors. Several players are also focusing to develop long-term relationships with their customers for an uninterrupted supply of n-propyl acetate. Meanwhile, other suppliers are focusing on collaborating with e-commerce giants to increase the sales and expand their customer base.

Further, as n-propyl acetate has pleasant odour, it can be used in perfumes and food industry. Also, rising application in printing ink and pharmaceutical industry will improve the sales in the market. On the back of this, the demand in the market is predicted to reach US$ 418.6 Mn by the end of 2022.

“Growing consumption of n-propyl acetate coupled with its increasing adoption as a potential replacement for ethyl acetate in different industries such as pharmaceutical and food is expected to bolster the demand during the projected period,” says an FMI analyst.

Key Takeaways:

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Competitive Landscape

The market of n-propyl acetate is estimated to be a consolidated market, where key players are expected to account for more than 46% share of the market.

Key players are certainly focusing on expanding their production capacity to increase their market presence all over the globe and to gain maximum traction in the market. Further top players are also investing significantly in acquisitions of regional players to reduce competition and gain capacity advantage.

Top Key Companies Profiled in the Market

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N-propyl acetate Market Segmentation

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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