Press release
The Global Isopropyl Acetate Market Is Slated to Expand at A Steady CAGR of Around 5% Through 2031
Also, increased demand for isopropyl acetate for application in printing inks, personal care ingredients, and pharmaceuticals is set to bolster market growth over the next ten years. Furthermore, ongoing research and innovation for improved chemical composition of isopropyl acetate is expected to complement demand growth.
As per Fact.MR analysis, the global isopropyl acetate market is projected to expand at a steady CAGR of around 5% over the forecast period of 2021 to 2031.
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Key Takeaways from Market Study
• The market is anticipated to add 1.6X value by 2031 as compared to 2021.
• >98% grade isopropyl acetate captures a governing share of the global market, and is set to create US$ 161.5 Mn opportunity over the forecast period
• Printing ink application is the fastest-growing segment, owing to wide application offerings.
• North America is set to dominate market revenue in 2021, but is expected to lose 271.7 BPS in its market share by 2031.
• By function, isopropyl acetate as an intermediate is anticipated to gain around 85.2 BPS over the next ten years.
• The United States, China, France, Germany, Italy and GCC countries are key countries governing the demand for isopropyl acetate.
"Isopropyl acetate to experience high demand for use in personal care products," says a Fact.MR analyst.
Key Market Segments Covered in Report
By Grade
• >98%
•
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