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%.
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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.
The latest research report published by Fact.MR on the Survey of Isopropyl Acetate Market is intended to offer reliable data on various key factors shaping the growth curve & outlook of Isopropyl Acetate market. This report works as a rich source of information for key entities such as policy makers, end-use industries, investors, and opinion leaders.
The Demand analysis of Isopropyl Acetate Market offers a comprehensive analysis of diverse features, demand, product developments, revenue generation, and sales of Isopropyl Acetate Market across the globe.
A comprehensive estimate of the Demand of Isopropyl Acetate 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 the global average price is also considered in the Survey study of Isopropyl Acetate market.
The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into Sales revenue estimations and projections in the Market Insights of Isopropyl Acetate.
Key stakeholders in Isopropyl Acetate Market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities.
The Market survey of Isopropyl Acetate offers a comprehensive analysis of diverse features, including production capacities analysis &Insights of Isopropyl Acetate Market, demand of Isopropyl Acetate market, product developments, revenue generation, and Size of Isopropyl Acetate Market across the globe.
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.
Key Highlights from the Insights Report of Isopropyl Acetate Market:
- Elaborated scenario of the parent market
- Transformations in the Demand of Isopropyl Acetate market dynamics
- Detailed segmentation of the target market.
- Historical, current and forecast of Isopropyl Acetate market size based on value and volume
- Latest industry developments and Market trends of Isopropyl Acetate
- competitive analysis of Isopropyl Acetate Market
- Strategies adopted by the Isopropyl Acetate market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis on market size of Isopropyl Acetate
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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
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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.
Some Notable Offerings by Fact.MR Report on Isopropyl Acetate market:
- We will provide you an analysis of the extent to which this Outlook of Isopropyl Acetate market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
- We will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
- Also, Outlook of Isopropyl Acetate market research report will help you to identify any trends to forecast growth rates.
- The analyzed report will forecast the general tendency for supply and demand of Isopropyl Acetate market.
Competitive Analysis of Isopropyl Acetate Market:
How Fact.MR Assists in Making Strategic Moves For Isopropyl Acetate Market Manufacturer?
The data provided in the Survey Report of Isopropyl Acetate market offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.
Some of the Isopropyl Acetate Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides:
- Details regarding latest innovations and development in Isopropyl Acetate and how it is gaining customer traction during the forecast period.
- Analysis about the customer demand of the products and how it is likely to evolve in coming years.
- Latest regulations enforced by government bodies and local agencies and their impact on Demand of Isopropyl Acetate Market .
- Insights about adoption of new technologies and its influence on the Isopropyl Acetate market Size.
- Overview of the impact of COVID-19 on Isopropyl Acetate Market and economic disruptions caused by the pandemic.
- Evaluates post-pandemic impact on the Sales of Isopropyl Acetate Market during 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.
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.
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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.
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.
After reading the Market insights of Isopropyl Acetate Report, readers can:
- Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
- Analyze key regions holding significant share of total Isopropyl Acetate market revenue.
- Study the growth outlook of Isopropyl Acetate market scenario, including production, consumption, history and forecast.
- Learn consumption pattern and impact of each end use & supply side analysis of Isopropyl Acetate market .
- Investigate the recent R&D projects performed by each market player & competitive analysis of Isopropyl Acetate Market Players.
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