According to ChemAnalyst report, “Global n-Propyl Acetate Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2030” Global n-Propyl Acetate market witnessed a strong demand in the past years and is anticipated to achieve a steady CAGR of 4.10% during the forecast period till 2030 owing to its application in the Paints & Coatings, Personal Care & Cosmetics, and Printing Ink end-use industries.

n-propyl acetate is a volatile, colorless, highly flammable liquid which is synthesized by the esterification of acetic acid and 1-propanol. It is miscible with many common solvents, e. g. alcohols, ketones, aldehydes, ethers, glycols and glycol ethers, but it is only sparingly soluble in water. Due to its extensive solvation properties, it finds application in various areas including paints and coatings, flexographic, printing inks, fragrances, cosmetics, food and beverages, pharmaceuticals and others. It is mostly utilised in flexographic and specialty screening prints within the printing industry. It is also utilised as a scent solvent, in aerosol sprays, and in nail care products. As a result of its fragrance being similar of pears, it can also be utilised as a flavour addition. The printing, coatings, lacquers, cosmetic, and flavouring industries are the primary user end markets.

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The primary market driver of the global n-Propyl Acetate market is the solvent industry. Coatings, paints, acrylics, oils, lubricants, waxes, rubber, and plasticizers can all be dissolved in n-Propyl Acetate as a solvent owing to its superior quality and durability which propels the n-Propyl Acetate market. The demand for paints and coatings is expected to increase due to the construction projects and infrastructure development around the world, which will most likely cause the n-Propyl Acetate market to expand in the projected period. Also, the demand of paints, varnishes, and coatings by the automobile sector also contributes finely to the market.

The global n-Propyl Acetate market is segmented based on end-use, sales channel, and region. Based on region, Asia Pacific region dominates the n-Propyl Acetate market. The rapid speed in construction industry which is the major consumer of paints and coatings has resulted in several companies to set up their manufacturing plants in the region thereby increasing the overall capacity in the region. Furthermore, China is leading the charts globally in terms of producing n-Propyl Acetate owing to the presence of abundant raw materials and optimum technology.

Based on the end-use, the global n-Propyl Acetate market is segregated into Paints & Coatings, Personal Care & Cosmetics, Printing Ink and Others. Among these industries, Paints & Coatings is the leading segment and held a market share of roughly 55% in 2022. Because it has the potential to thin a variety of other organic compounds, n-propyl acetate is prominently utilized as a solvent in the production of paints and coatings.

Read Full Report Here: https://www.chemanalyst.com/industry-report/n-propyl-acetate-market-612

According to ChemAnalyst report, “Global n-Propyl Acetate Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2030”, Major players for n-Propyl Acetate globally are BASF SE, Oxea, Dow Chemical Company, Eastman Chemical Company, Solvay S.A., Showa Denko K.K., Sankyo Chem, Sasol, Chang Chun Group, and Others.

“n-Propyl Acetate is a versatile chemical with high solubility in alcohols, ketones, aldehydes, etc. Its high demand from paints and coatings with applications in various industries such as Automotive and Construction industry is likely to drive the market growth in the forthcoming years. Asia Pacific is the biggest consumer of n-Propyl Acetate. Currently, Asia Pacific region leads in terms of consuming n-propyl acetate. The demand for paints & coatings and printing inks is likely to increase in developing nations like China and India due to an increase in construction projects over the forecast period through 2030.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

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