Global sales of isopropyl acetate experienced a minor decline in the initial phase of 2020 owing to stringent regulations imposed in Covid-19 crisis throughout the world.
As the effect of the disease has come down and the world has learned to manage to deal with the ongoing crisis, situation is stabilizing, encouraging leading as well as new players to focus on recovery.
Growing demand in pharmaceutical industry continues to be a key factor driving demand for isopropyl acetate. The demand for isopropyl acetate in 2021 will be heavily influenced by overall performance of the pharmaceutical industry globally.
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The Isopropyl Acetate market report addresses the below-mentioned queries:
- Why are vendors shifting away from traditional methods of manufacturing Isopropyl Acetate?
- How does the global Isopropyl Acetate market looks like in the next five years?
- Which end use industry is expected to surpass segment by the end of Forecasted period?
- What innovative products are being introduced by the players in the global Isopropyl Acetate market?
- Which regions are showing the fastest market growth?
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Crucial insights in the Isopropyl Acetate market research:
- Underlying macro- and microeconomic factors impacting the growth of the market.
- Basic overview of the Isopropyl Acetate, including market definition, classification, and applications.
- Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
- Adoption trend of Isopropyl Acetate across various industries.
- Important regions and countries offering lucrative opportunities to market stakeholders.
What’s Driving the Demand for Isopropyl Acetate?
With the significant rise in demand for rotogravure inks i.e for magazines, books, newspapers, inserts and catalogues also packaging printing on metal and plastic film the global demand for isopropyl acetate is projected to grow.
Moreover, isopropyl acetate is also being used for for flexographic printing inks i.e. for paper, cardboard etc. amongst others especially in Asia Pacific region, thus creating traction in the global market.
The rising demand for coatings in automotive industry is projected to create significant traction in the market. With the rise in vehicle production and demand for highly advanced coating material, the overall isopropyl acetate market is projected to grow significantly over the forecast period.
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On the basis of application, the market can be segmented as:
- Cleaning fluids
- Automotive OEM
- Automotive Refinish
- Can and Coil coatings
- General Industrial coatings
- Marine coatings
- Industrial wood coatings
- Other Transportation
- Printing Inks
- Cosmetic/ Personal Care solvent
- Perfumes and Fragrances
- Pesticides and Insecticides
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