The N-Propyl Acetate market size is projected to be worth at US$ 440.2 million in 2023. The market is likely to reach US$ 744.83 million by 2033. The market is further expected to surge at a CAGR of 5.40% during the forecast period 2023 to 2033.
Key Market Trends and Highlights
Attributes | Key Insights |
---|---|
N-Propyl Acetate Market Estimated Size in 2023 | US$ 440.2 million |
Projected Market Value in 2033 | US$ 744.83 million |
Value-based CAGR from 2023 to 2033 | 5.40% |
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Historical Value in 2018 | US$ 380.2 million |
---|---|
Historical Value in 2022 | US$ 418.6 million |
Market Estimated Size in 2023 | US$ 440.2 million |
Projected Market Value in 2033 | US$ 744.83 million |
The scope for n-propyl acetate rose at a 4.70% CAGR between 2018 and 2022. The global market for n-propyl acetate is anticipated to grow at an astronomical CAGR of 5.40% from 2023 to 2033.
Short term Analysis of the N-Propyl Acetate Market from 2018 to 2022
2022 | US$ 418.6 million |
---|---|
2018 | US$ 380.2 million |
Experiencing rapid growth, the n-propyl acetate sector surged from US$ 380.2 million in 2018 to US$ 418.6 million in 2022, primarily driven by
Mid term Analysis of N-Propyl Acetate Market from 2023 to 2027
2023 | US$ 440.2 million |
---|
Sustaining its growth trajectory, the market is forecasted to increase from US$ 440.2 million in 2023, driven by increased demand attributed to
Long term Analysis of the N-Propyl Acetate Market from 2027 to 2033
2033 | US$ 744.83 million |
---|
The market is expected to grow to US$ 744.83 million by 2033. The increased adoption of n-propyl acetate is expected due to
The below table showcases revenues in terms of the top five leading countries, spearheaded by the ASEAN and India.
Forecast CAGRs from 2023 to 2033
ASEAN | 7.20% |
---|---|
India | 6.90% |
United States | 5.00% |
Germany | 4.80% |
Italy | 4.50% |
The ASEAN n-propyl acetate market showcases a promising trajectory, anticipated to surge at a notable CAGR of 7.20% through 2033.
The India n-propyl acetate market, surging at a commendable CAGR of 6.90% through 2033, presents a canvas of promising opportunities.
In the United States, the n-propyl acetate market experiences a surge at a steady CAGR of 5.00% through 2033, driven by numerous promising factors.
Germany n-propyl acetate market is likely to experience a surge at a steady CAGR of 4.80% through 2033.
The n-propyl acetate sector in Italy is projected to experience a CAGR of 4.50% up to the year 2033.
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Category | Market Share in 2023 |
---|---|
Food Grade | 75.8% |
Solvent | 78.4% |
Food grade n-propyl acetate is the preferred segment, projected to maintain a robust market share of 75.8% by 2023. This dominance owes to stringent regulatory standards mandating safe, non toxic additives in food and beverage industries. Its versatility as a solvent in flavorings, food additives, and essence extraction fortifies its significance.
Its ecofriendly nature and low toxicity propel its demand in food related applications, fostering consumer confidence. As health consciousness surges and regulatory adherence intensifies, the food grade segment anticipates sustained growth, symbolizing purity, safety, and commitment to quality standards in the n-propyl acetate market.
The solvent segment emerges as the eminent force, projected to commandeer a formidable 78.4% market share in the n-propyl acetate domain by 2023. This dominance arises from its multifaceted utility across diverse industries like coatings, printing inks, adhesives, and chemical processes.
With exceptional solvency power and low toxicity, n-propyl acetate is preferred, replacing conventional options due to stringent environmental regulations. Its efficacy in paint formulations and its eco friendly attributes accelerate its adoption. As industries pivot towards sustainable practices, the Solvent segment remains pivotal, embodying versatility, efficiency, and environmental consciousness in the n-propyl acetate market landscape.
The n-propyl acetate market presents a dynamic landscape with key players striving for market dominance. Companies like Eastman Chemical Company, INEOS, and Oxea GmbH hold significant shares due to their robust product portfolios and global presence. Emerging players such as Celanese Corporation and KH Neochem Co., Ltd. are gaining traction by focusing on product innovation and strategic collaborations.
Factors such as increasing demand from coatings, printing inks, and chemical industries fuel competition. Technological advancements and a shift towards eco friendly solutions are reshaping strategies, compelling companies to invest in sustainable production methods. The competitive nature of the market fosters innovation, driving continuous growth and evolution.
Product Portfolio:
Attribute | Details |
---|---|
Estimated Market Size in 2023 | US$ 440.2 million |
Projected Market Valuation in 2033 | US$ 744.83 million |
Value-based CAGR 2023 to 2033 | 5.40% |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | Value in US$ million |
Key Regions Covered |
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Key Market Segments Covered |
|
Key Countries Profiled |
|
Key Companies Profiled |
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The n-propyl acetate market is expected to reach US$ 440.2 million in 2023.
The n-propyl acetate market is set to expand by a CAGR of 5.40% by 2033.
The n-propyl acetate industry is forecast to reach US$ 744.83 million by 2033.
ASEAN is likely to be the top performing market, surging at a CAGR of 7.20% through 2033.
Food Grade is the preferred segment, expected to hold a market share of 75.8% through 2023.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Grade
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Grade, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Grade, 2024 to 2034
5.3.1. Industrial/Technical Grade (<99%)
5.3.2. Pharmaceutical/Food Grade (>99%)
5.4. Y-o-Y Growth Trend Analysis By Grade, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Grade, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2024 to 2034
6.3.1. Solvent
6.3.2. Flavouring Agent
6.3.3. Others
6.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-Use Industry
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End-Use Industry, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End-Use Industry, 2024 to 2034
7.3.1. Chemical
7.3.2. Pharmaceutical
7.3.3. Paint & Coatings
7.3.4. Printing Ink
7.3.5. Food & Beverages
7.3.6. Agrochemical
7.4. Y-o-Y Growth Trend Analysis By End-Use Industry, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By End-Use Industry, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. East Asia
8.3.5. South Asia
8.3.6. Oceania
8.3.7. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Grade
9.2.3. By Application
9.2.4. By End-Use Industry
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Grade
9.3.3. By Application
9.3.4. By End-Use Industry
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Argentina
10.2.1.4. Rest of Latin America
10.2.2. By Grade
10.2.3. By Application
10.2.4. By End-Use Industry
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Grade
10.3.3. By Application
10.3.4. By End-Use Industry
10.4. Key Takeaways
11. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. Italy
11.2.1.3. France
11.2.1.4. UK
11.2.1.5. Spain
11.2.1.6. Russia
11.2.1.7. BENELUX
11.2.1.8. Rest of Europe
11.2.2. By Grade
11.2.3. By Application
11.2.4. By End-Use Industry
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Grade
11.3.3. By Application
11.3.4. By End-Use Industry
11.4. Key Takeaways
12. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.2. By Grade
12.2.3. By Application
12.2.4. By End-Use Industry
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Grade
12.3.3. By Application
12.3.4. By End-Use Industry
12.4. Key Takeaways
13. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Thailand
13.2.1.3. Malaysia
13.2.1.4. Indonesia
13.2.1.5. Rest of South Asia
13.2.2. By Grade
13.2.3. By Application
13.2.4. By End-Use Industry
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Grade
13.3.3. By Application
13.3.4. By End-Use Industry
13.4. Key Takeaways
14. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. Australia
14.2.1.2. New Zealand
14.2.2. By Grade
14.2.3. By Application
14.2.4. By End-Use Industry
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Grade
14.3.3. By Application
14.3.4. By End-Use Industry
14.4. Key Takeaways
15. MEA Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC
15.2.1.2. Rest of MEA
15.2.2. By Grade
15.2.3. By Application
15.2.4. By End-Use Industry
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Grade
15.3.3. By Application
15.3.4. By End-Use Industry
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2023
16.1.2.1. By Grade
16.1.2.2. By Application
16.1.2.3. By End-Use Industry
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2023
16.2.2.1. By Grade
16.2.2.2. By Application
16.2.2.3. By End-Use Industry
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2023
16.3.2.1. By Grade
16.3.2.2. By Application
16.3.2.3. By End-Use Industry
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2023
16.4.2.1. By Grade
16.4.2.2. By Application
16.4.2.3. By End-Use Industry
16.5. Argentina
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2023
16.5.2.1. By Grade
16.5.2.2. By Application
16.5.2.3. By End-Use Industry
16.6. Germany
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2023
16.6.2.1. By Grade
16.6.2.2. By Application
16.6.2.3. By End-Use Industry
16.7. Italy
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2023
16.7.2.1. By Grade
16.7.2.2. By Application
16.7.2.3. By End-Use Industry
16.8. France
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2023
16.8.2.1. By Grade
16.8.2.2. By Application
16.8.2.3. By End-Use Industry
16.9. UK
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2023
16.9.2.1. By Grade
16.9.2.2. By Application
16.9.2.3. By End-Use Industry
16.10. Spain
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2023
16.10.2.1. By Grade
16.10.2.2. By Application
16.10.2.3. By End-Use Industry
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2023
16.11.2.1. By Grade
16.11.2.2. By Application
16.11.2.3. By End-Use Industry
16.12. BENELUX
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2023
16.12.2.1. By Grade
16.12.2.2. By Application
16.12.2.3. By End-Use Industry
16.13. China
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2023
16.13.2.1. By Grade
16.13.2.2. By Application
16.13.2.3. By End-Use Industry
16.14. Japan
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2023
16.14.2.1. By Grade
16.14.2.2. By Application
16.14.2.3. By End-Use Industry
16.15. South Korea
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2023
16.15.2.1. By Grade
16.15.2.2. By Application
16.15.2.3. By End-Use Industry
16.16. India
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2023
16.16.2.1. By Grade
16.16.2.2. By Application
16.16.2.3. By End-Use Industry
16.17. Thailand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2023
16.17.2.1. By Grade
16.17.2.2. By Application
16.17.2.3. By End-Use Industry
16.18. Malaysia
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2023
16.18.2.1. By Grade
16.18.2.2. By Application
16.18.2.3. By End-Use Industry
16.19. Indonesia
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2023
16.19.2.1. By Grade
16.19.2.2. By Application
16.19.2.3. By End-Use Industry
16.20. Australia
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2023
16.20.2.1. By Grade
16.20.2.2. By Application
16.20.2.3. By End-Use Industry
16.21. New Zealand
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2023
16.21.2.1. By Grade
16.21.2.2. By Application
16.21.2.3. By End-Use Industry
16.22. GCC Countries
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2023
16.22.2.1. By Grade
16.22.2.2. By Application
16.22.2.3. By End-Use Industry
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Grade
17.3.3. By Application
17.3.4. By End-Use Industry
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. OQ Chemicals GmbH
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. Solvay
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. BASF SE
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. Sasol
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. DOW chemicals
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. Eastman Chemical company
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. SHOWA DENKO K.K.
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. Tokyo Chemecial Industries
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. Jiangsu Baichuan High-tech New Materials Co., Ltd.
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy
18.1.10. Shiny chemical Industries Co. Ltd
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.10.5.2. Product Strategy
18.1.10.5.3. Channel Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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