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Propyl Acetate Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

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Propyl Acetate Market: Overview

Propyl acetate, also known as propyl ethanoate, is an ester. It is clear, colorless liquid commonly used in fragrances and as a flavor additive. Normal propyl acetate (also known as n-propyl acetate or 1-propyl acetate) is an organic compound with the molecular formula C?H??O?. It is formed by the esterification of acetic acid and 1-propanol (known as condensation reaction), often using Fischer–Speier esterification process. In this reaction, sulfuric acid acts as a catalyst and water is produced as a byproduct. Propyl acetate is found in apples. It is a flavoring agent. It belongs to the family of carboxylic acid esters. These are carboxylic acid derivatives in which a carbon atom from the carbonyl group is attached to an alkyl or oaryl moiety through an oxygen atom (forming an ester group). Propyl acetate is used primarily as a solvent for liquid, rotogravure printing inks and flexographic printing inks. Its other applications include coatings, wood lacquers, aerosol sprays, nail care products, cosmetics, and fragrances. The solvency and thinnability of propyl acetate is comparable to ethyl acetate. It dissolves several natural and synthetic resins (for example, cellulose nitrate, acrylates, alkyl resins, plasticizers, waxes, oils, and fats) and is thus an extremely suitable solvent for wood lacquers and industrial finishes.

Propyl Acetate Market: Dynamics and Trends

Propyl acetate is produced by direct esterification of the corresponding alcohol with acetic acid in the presence of sulfuric acid, p-toluenesulfonic acid, methanesulfonic acid, or a strong cationic resin used as a catalyst. 1-propanol can also undergo ester interchange with methyl acetate or ethyl acetate in the presence of a strong cationic exchange resin and produce n-propyl acetate. Propyl acetate is one of the organic solvents, collected in factories all over Japan and analyzed by gas chromatography. In liquid and vapor forms, propyl acetate is flammable. Propyl acetate vapors are explosive. They are heavier than air. They can spread across to long distances and accumulate in low-lying areas. These vapors are stable at recommended temperatures and pressures. Exposure to elevated temperatures can cause propyl acetate to decompose. Propyl acetate is incompatible with alkali metal hydroxides (such as sodium hydroxide), nitric acid, and strong oxidizers. Hence, propyl acetate should not be brought in contact with these compounds. Propyl acetate has medium evaporation rate and it is a non-HAP (hazardous air pollutant) solvent. It promotes flow and leveling in a variety of formulations. The compound is highly flammable with flash point of 14°C and flammability rating of 3. It is highly miscible with all common organic solvents (such as alcohols, ketones, glycols, esters), but has only slight miscibility with water.

Propyl Acetate Market: Segmentation

The propyl acetate market can be segmented by grade (mil spec, reagent & technical grade, agricultural & pharmaceutical grade, and optical grade), by application (food additives & ingredients, solvents, paints & coatings, and others), and by region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

Propyl Acetate Market: Region-wise Outlook

Currently, North America and Europe lead the global propyl acetate market. Asia Pacific and MEA are estimated to be the leading markets for propyl acetate during the forecast period. Government targets and policy support in the two regions are factors likely to drive the propyl acetate market in APAC and MEA.

Propyl Acetate Market: Key Players

Key players operating in the global propyl acetate market include Eastman Chemical Company, DOW Chemical Co. Ltd., and KH Chemicals Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market  

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


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