Global n-Propyl Ester of Acetic Acid Market Size By Product (Purity≥99.5%, Purity≥ 99.0%), By Application (Paints And Coatings, Printing Ink), By Geographic Scope And Forecast

n-Propyl Ester of Acetic Acid Market Size And Forecast

n-Propyl Ester of Acetic Acid Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the year 2021-2028.

n-propyl alcohol could be used as a special solvent for phenylamine printing ink, it can be applied to the printing of polyolefin and polyamide film which act as the major growth key driver of the n-Propyl Ester of Acetic Acid Market. The Global n-Propyl Ester of Acetic Acid Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global n-Propyl Ester of Acetic Acid Market Definition

N-propyl acetate is an organic compound with a molecular formula of C5H10O2. It is a clear, colorless ester that has a detectable acetate odor, is majorly flammable, highly miscible with all prime organic solvents but only slightly miscible in water. The primary and most common method for chemically manufacturing n-propyl acetate is the direct esterification of 1-propanol and acetic acid which are heated in the presence of a strong acid, such as sulfuric or methane sulfonic acid. An alternate method involves the ester interchange of 1-propanol with ethyl acetate. Furthermore, N-propyl acetate should be stored in a tightly-closed container in a cool, dry, well-ventilated place away from direct sunlight, heat, sources of ignition, and incompatible materials such as strong oxidizers, acids, and bases.

Therefore, containers that have been opened should be carefully resealed and stored in an upright position to avoid leakage. Moreover, N propyl acetate is primarily used as a solvent in the manufacture of paints and coatings because of its ability to thin many other organic compounds. It has the power to dissolve a wide range of resins, which also makes it highly suitable as a solvent for wood lacquers and industrial finishes. N propyl acetate is broadly used in the printing industry, mainly for flexographic and screen-printing inks. Also, it is used as a solvent in perfumes and is found as an ingredient in aerosol sprays, nail care products, and cosmetics. It is used as an intermediate in the organic chemistry of pharmaceutical compounds. It is also used as a flavoring additive on account of its fruity odor, which is similar to pears.

Global n-Propyl Ester of Acetic Acid Market Overview

The N-Propyl alcohol is the raw material to produce acetic acid acetate which is printing ink for green and environmental food. In addition, it is also the main material of pesticide raw materials such as propylamine, bromopropane, dipropyl amine, cleaning agent bromopropane, and ethanediol monopropyl ether. As a kind of favorable solvent, n-propyl alcohol could be used as a special solvent for phenylamine printing ink. Especially, it can be applied to the printing of polyolefin and polyamide film which act as the major growth key driver of the n-Propyl Ester of Acetic Acid Market.

Propyl acetate has a medium evaporation rate and it is a non-HAP (hazardous air pollutant) solvent. It promotes flow and leveling in a variety of formulations. The compound is highly flammable with a flashpoint of 14°C and a flammability rating of 3 which acts as the major restrain of the n-Propyl Ester of Acetic Acid Market and diminishes its growth in the market. It is highly miscible with all common organic solvents (such as alcohols, ketones, glycols, esters), but has only slight miscibility with water.

Furthermore, propyl acetate is one of the organic solvents, collected in factories all over Japan and analyzed by gas chromatography. Therefore, in liquid and vapor forms, propyl acetate is flammable. They can spread across long distances and accumulate in low-lying areas. These vapors are stable at favored temperatures and pressures. Exposure to elevated temperatures can cause propyl acetate to decompose. Propyl acetate is incompatible with alkali metal hydroxides (such as sodium hydroxide), nitric acid, and strong oxidizers. Hence, propyl acetate should not be brought in contact with these compounds.

Global n-Propyl Ester of Acetic Acid Market Segmentation Analysis

The Global n-Propyl Ester of Acetic Acid Market is segmented on the basis of Product, Application, and Geography.

n-Propyl Ester of Acetic Acid Market, By Product

• Purity≥99.5%
• Purity≥ 99.0%

Based on Product, the market is segmented into Purity≥99.5% and Purity≥ 99.0%. The Purity≥99.5% segment holds the big market share. It is formed by the esterification of acetic acid and 1-propanol, often via Fischer–Speier esterification, with sulfuric acid as a catalyst and water produced as a byproduct.

n-Propyl Ester of Acetic Acid Market, By Application

• Paints & Coatings
• Printing Ink
• Cosmetics and Personal Care
• Food & Beverages
• Pharmaceuticals
• Others

Based on Application, the market is segmented into Paints & Coatings, Printing Ink, Cosmetics and Personal Care, Food & Beverages, Pharmaceuticals, and Others. The Paints & Coating segment holds the big market share. Owing to its ability to thin many other organic compounds. It has the power to dissolve a wide range of resins, which also makes it highly suitable as a solvent for wood lacquers and industrial finishes.

n-Propyl Ester of Acetic Acid Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Regional Analysis, the Global n-Propyl Ester of Acetic Acid Market is classified into North America, Europe, Asia Pacific, and Rest of the world. The North America and Europe region is expected to witness the highest CAGR during the forecast period. This is primarily due to the rise in disposable income in these countries, and the growth in urbanization.

Key Players

The “Global n-Propyl Ester of Acetic Acid Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Showa Denko, Oxea, Eastman, Dow, BASF, Shiny Chem, Sasol, Daicel, Nuoao Chem, and Chang Chun Group.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• In 2020, BASF had announced to close the acquisition of Solvay’s polyamide (PA 6.6) business. The transaction broadens BASF’s polyamide capabilities with innovative and well-known products such as Technyl.
• In 2020, Oxea had announced to change its corporate name to OQ Chemicals as a token of its final integration into the newly formed energy company OQ.
• In 2019, Eastman had announced to Acquires Marlotherm from Sasol. The Marlotherm heat transfer fluids manufacturing assets are located in Germany and related formulations, intellectual property, and customer contracts.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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