Rockville, MD -- (SBWIRE) -- 12/21/2018 -- Isopropyl Acetate Introduction

Isopropyl acetate is an ester, which is produced as a result of an esterification reaction between isopropanol and acetic acid. Its chemical formula is C7H14O2. Isopropyl acetate is a colorless chemical with fruity odor, with a low flash point of 40°F, which makes it a fast-evaporating solvent.

Isopropyl acetate is a highly inflammable organic compound, thereby its applications are regulated with a set of handling rules. Though isopropyl acetate is moderately soluble in water, it exhibits high solubility for paints, lacquers, plastics, inks, and perfumes.

End-user industries in the isopropyl acetate market use isopropyl acetate as a solvent in oils & fats, plastics, and cellulose. Stakeholders in the isopropyl acetate market supply isopropyl acetate to a wide range of end-user industries, such as cleaners, coatings, printing, and pharmaceuticals.

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Isopropyl Acetate Market Dynamics

The recent developments in the isopropyl acetate market are mainly attributed to the increasing use of isopropyl acetate in the printing ink industry. Isopropyl acetate is commonly used in flexographic inks and rotogravure inks, which are broadly used in commercial printing processes.

Furthermore, stakeholders in the isopropyl acetate market are banking on the versatile applications of isopropyl acetate in a vast range of end-user industries to boost its global sales. Isopropyl acetate finds multifold industrial applications, such as pharmaceutical chemicals, paints & coatings, automotive coatings, and personal care ingredients.

However, as isopropyl acetate is a highly flammable solvent and improper handling of the chemical can have hazardous effects on the human health. Thereby, manufacturers in the isopropyl acetate market need to comply with safety regulations and guidelines developed by regulatory bodies such as the Occupational Safety and Health Administration (OSHA).

Additionally, increasing use of water-based chemicals in the paints & coatings industry is impeding the growth of the isopropyl acetate market. Growing awareness about the negative impact of the use of isopropyl acetate on the environment is boosting the water-based paints & coatings, which is hampering the demand for isopropyl acetate in various end-use industries.

Nevertheless, growing demand for isopropyl acetate as a fragrance carrier is likely to remain among the most popular trends in the isopropyl acetate market in the upcoming years. In addition, leading manufacturers in the isopropyl acetate market are focusing on adopting environmentally friendly manufacturing processes to reduce the environmental footprint of isopropyl acetate and improve its sales in the near future.

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Competitive Landscape

Some of the leading stakeholders in the isopropyl acetate market assessed and featured in the report include:

The Dow Chemical Company
Eastman Chemical Company
Sigma Aldrich
Monument Chemical
Sisco Research Laboratories Pvt. Ltd
INEOS Oxide
Pidilite Industries Ltd.
Kane International Corporation
SONTARA ORGANO INDUSTRIES
Zhejiang Jianye Chemical Co., Ltd.
The isopropyl acetate market is highly competitive as its demand has been high across a wide range of industrial applications.

A majority of leading stakeholders in the isopropyl acetate market, such as Eastman Chemical Company and The Dow Chemical Company, announced to have increased prices of isopropyl acetate in North American and Latin American regions. Also, the Dow Chemical Company recently declared force majeure on supplying isopropyl acetate in North America and Latin America due to unanticipated production issues.

Isopropyl Acetate Market: Regional Outlook

The isopropyl acetate markets in developed regions such as North America and Europe are likely to undergo relatively slower growth than isopropyl acetate markets in emerging nations in the upcoming years.

Due to the presence of stringent regulations and rising prices of isopropyl acetate in the North American region, the market for isopropyl acetate may register relatively sluggish growth in the foreseeable future. The demand for isopropyl acetate is expected to remain significantly high across the automotive coatings industry in the Asia Pacific region.

The global market for isopropyl acetate is expected to envisage healthy growth with the widening range of industrial applications of isopropyl acetate as a fragrance carrier. The ever-growing industrial sectors, such as cosmetics & personal care and paints & coatings, are expected to drive the growth of the isopropyl acetate market in the upcoming years.

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