The global n-propyl acetate market is anticipated to reach a value of US$ 706.3 Mn by the end of 2032, as per Future Market Insights (FMI). Demand in the market is predicted to rise at a CAGR of 5.4% owing to consistent growth among diverse industries such as printing, pharmaceutical, and food & beverages. Owing to the characteristic fits of n-propyl acetate as a solvent or chemical intermediate in different processes is bolstering the sales. Prominent players are investing in emerging countries from Latin America and South Asia to get an efficient and rapid supply chain advantage over their competitors. Several players are also focusing to develop long-term relationships with their customers for an uninterrupted supply of n-propyl acetate. Meanwhile, other suppliers are focusing on collaborating with ecommerce giants to increase the sales and expand their customer base. Further, as n-propyl acetate has pleasant odour, it can be used in perfumes and food industry. Also, rising application in printing ink and pharmaceutical industry will improve the sales in the market. On the back of this, the demand in the market is predicted to reach US$ 418.6 Mn by the end of 2022. Obtain Sample Copy of Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-10926 “Growing consumption of n-propyl acetate coupled with its increasing adoption as a potential replacement for ethyl acetate in different industries such as pharmaceutical and food is expected to bolster the demand during the projected period,” says an FMI analyst. Key Takeaways: The global market of n-propyl acetate is projected to witness a CAGR of magnitude 5.4% during the period of 2022 and 2032. Significant development in the end-use industries – chemical, pharmaceuticals, paints & coatings, and food & beverages in the AsiaPacific region is anticipated to remain one of the prominent markets for npropyl acetate in the forecast period. By Grade type, pharmaceutical/food grade (>99%) is expected to account for the largest share, about 75% of the overall market size. By Application, the consumption of n-propyl acetate as a solvent is expected to grow at a CAGR of 5.3% over the forecast period. By End-Use, the printing ink industry is expected to remain a key consumer of n-propyl acetate, the segment is further anticipated to witness a consumption rate of about 6.1% n-propyl acetate in terms of value.
n-Propyl Acetate Market Global Industry Overview and Competitive Landscape till 2032
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