Isopropyl Acetate Market Introduction

  • Isopropyl acetate is an ester (organic compound), which is product of esterification of acetic acid and isopropanol. Isopropyl acetate is a urethane grade, fast evaporating, and mild odor solvent, which is miscible with most common organic solvents and has properties intermediate between ethyl and butyl acetates.
  • Isopropyl acetate is a clear, colorless liquid with a characteristic fruity odor. It is an active solvent for many types of synthetic resins such as cellulose acetate butyrate, nitrocellulose, vinyl copolymers, polyesters, polyamides, acrylics, and alkyds.
  • In terms of application, the global isopropyl acetate market can be segmented into cleaning fluids, coatings, printing inks, cosmetic & personal care, perfumes & fragrances, pharmaceutical, pesticides & insecticides, and others. The coatings segment is expected to expand at a significant pace during the forecast period owing to rise in usage of isopropyl acetate as a raw material in certain paints and coatings.

Key Drivers of Isopropyl Acetate Market?

  • Increase in usage of isopropyl acetate in coatings application is expected to boost the market during the forecast period. Isopropyl acetate possesses various properties such as good solvent activity, desirable evaporation rate, and pleasant odor. These properties enable it to be used in a wide range of coating applications. This is estimated to drive the market during the forecast period.
  • Increase in use of isopropyl acetate as solvent in the production of polymers, resins, oils, and cellulose is projected to boost the consumption of isopropyl acetate. Isopropyl acetate has strong solvency traits for polymers, resins, oils & fats cellulose and can be readily thinned with aliphatic hydrocarbons. It is primarily used as solvent in the paints & coatings industry for wood varnishes, architectural coatings, printing inks, and adhesives. It can replace n-butyl acetate if a coating needs to dry quicker. Additionally, isopropyl acetate is widely used as solvent in aerosol sprays, thinners, sealants, cleaners, fragrance, cosmetics, and personal care products.

Restraints of Isopropyl Acetate Market

  • Side effects associated with isopropyl acetate are restraining the isopropyl acetate market. The odor of isopropyl acetate can be unpleasant and may cause symptoms of central nervous system depression such as nausea, dizziness, and headache at higher concentrations. These side effects increase regulatory restrictions on applications of isopropyl acetate, thereby restraining the market.
  • Dearth of universal directives pertaining to applications of isopropyl acetate is likely to hamper the market in the near future. Every country has different directives and legislations pertaining to the use of isopropyl acetate. Companies find it difficult to comply with these country-wise directives and legislations. This can discourage investment in the isopropylacetate market, thereby hampering the market.
  • Lack of awareness and low rate of adoption of isopropyl acetate in several developed and underdeveloped countries are projected to hamper the market during the forecast period

COVID-19 Impact on Isopropyl Acetate Market

  • The COVID-19 outbreak is hampering the demand for isopropyl acetate in several applications. Numerous governments across the globe enforced lockdowns as a measure to curb the spread of the coronavirus. This resulted in the slowdown and halt in manufacturing operations, restrictions on supply and transport, and infrastructure slowdown, which are adversely affecting the demand for isopropyl acetate.
  • Key players operating in the isopropyl acetate market are primarily tier I and tier II manufacturers and suppliers. Manufacture and supply chain facilities of these manufacturers have spread across various countries in Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Several of these players have halted their production output since the last few months due to the COVID-19 pandemic. The pandemic has negatively impacted the demand and supply chain of isopropyl a??t?t?. Thus, the global isopropyl acetate market is projected to contract in 2020.

Asia Pacific to Hold Major Share of Global Isopropyl Acetate Market?

  • In terms of region, the global isopropyl acetate market can be split into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America
  • In terms of consumption, Asia Pacific is projected to hold significant share of the global isopropyl acetate market during the forecast period. Rapid expansion of paints & coatings, pharmaceutical, and cosmetics & personal care industries in China, Japan, and South Korea is likely to boost the consumption of isopropyl acetate in these countries during the forecast period.
  • The market in North America is also expected to expand at a fast pace during the forecast period owing to an increase in consumption of isopropyl acetate in the paints & coating industry for automotive applications in the U.S. and Canada
  • Europe is expected to hold key share of the global isopropyl acetate market during the forecast period owing to rise in usage of isopropyl acetate in pharmaceutical applications

Prominent Players in Global Isopropyl Acetate Market

Major players operating in the global isopropyl acetate market are adopting various organic and inorganic growth strategies such as joint ventures, mergers & acquisitions, expansion, collaborations, new product launches, strategic alliances, and research and development to increase their regional presence and business operations. Key players operating in the market include:

  • 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.

Research Scope; Global Isopropyl Acetate Market

Global Isopropyl Acetate Market, by Application

  • Cleaning Fluids
  • Coatings
  • Printing Inks
  • Cosmetic & Personal Care
  • Perfumes & Fragrances
  • Pharmaceutical
  • Pesticides & Insecticides
  • Others

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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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Isopropyl Acetate Market

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