Propyl Acetate Market
Propyl Acetate Market

Report ID: SQMIG15E3076

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Propyl Acetate Market Size, Share, and Growth Analysis

Propyl Acetate Market

Propyl Acetate Market By Application (Paints and Coatings, Adhesives and Sealants), By End Use Industry (Automotive, Construction), By Grade, By Distribution Channel, By Viscosity, By Region - Industry Forecast 2026-2033


Report ID: SQMIG15E3076 | Region: Global | Published Date: December, 2025
Pages: 188 |Tables: 67 |Figures: 65

Format - word format excel data power point presentation

Propyl Acetate Market Insights

Global Propyl Acetate Market size was valued at USD 2.2 billion in 2024 and is poised to grow from USD 2.32 billion in 2025 to USD 3.53 billion by 2033, growing at a CAGR of 5.4% during the forecast period (2026-2033). 

The automotive sector remained a major adopter of PC-based automation, leveraging advanced control systems to improve production efficiency and flexibility. Various industries such as automotive, packaging, building and construction, and electronics drive the market growth by demanding high-quality solvents in coatings, inks, adhesives, and chemical formulations. The paints & coatings segment accounted for the largest share among the applications in 2024, mainly driven by strong growth in automotive refinishing, industrial coatings, and architectural coatings. North America and Europe continued to enjoy steady growth due to the technological advancement of eco-friendly solvents, increasing usage of low-VOC coatings, and more investments in advanced manufacturing systems. This, in turn, is driving demand for highly purified propyl acetate in coatings and specialized chemical uses.

Flexible packaging, digital printing, and automotive refinishing continue to drive consumption. In spite of these factors, the market faces some challenges in the form of volatility in raw material prices and tight regulation with respect to VOC emissions. The market remains resilient because of such factors. Strategic partnerships among manufacturers of solvents, resin producers, and companies involved in downstream chemicals are likely to strengthen innovation, improve regional penetration, and achieve long-term growth in the global propyl acetate market.

How is Artificial Intelligence Enhancing Propyl Acetate Market?

Artificial Intelligence is, more and more, reshaping global Propyl Acetate Market strategies in order to improve production efficiency while enhancing process safety and supporting sustainable manufacturing and accelerating product development. One key application of AI has to do with process optimization whereby machine learning models analyze temperature, pressure, catalyst behavior, and distillation parameters to optimize esterification and purification stages.

AI is increasingly playing a transforming role in quality control, via the processing of real-time spectroscopic data to auto-detect impurities, control solvent composition, and maintain strict product specifications demanded by coatings and pharmaceutical-grade applications. Other major developments are in supply chain and demand forecasting, where AI models assess the consumption patterns across coatings, packaging, automotive, and electronics industries for efficient inventory management and raw material procurement.

The AI-driven green chemistry simulations are also enabling manufacturers to develop low-VOC variants of solvents by modeling reaction pathways and catalyst efficiencies, together with environmental impact outcomes. These innovations are accelerating the transition toward environmentally compliant formulations combined with efficient chemical production. With AI integrated into production, quality assurance, and supply-chain operations, the propyl acetate industry will move toward smarter, safer, and more sustainable manufacturing practices that improve competitiveness and ensure long-term market growth.

Market snapshot - 2026-2033

Global Market Size

USD 1.5 Billion

Largest Segment

Paints and Coatings

Fastest Growth

Adhesives and Sealants

Growth Rate

4.8% CAGR

Propyl Acetate Market ($ Bn)
Country Share for North America Region (%)

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Propyl Acetate Market Segments Analysis

Global Propyl Acetate Market is segmented by Application, End Use Industry, Grade, Distribution Channel, Viscosity and region. Based on Application, the market is segmented into Paints and Coatings, Adhesives and Sealants, Pharmaceuticals, Cosmetics and Personal Care and Food and Beverages. Based on End Use Industry, the market is segmented into Automotive, Construction, Electronics, Packaging and Furniture. Based on Grade, the market is segmented into Industrial Grade, Food Grade and Pharmaceutical Grade. Based on Distribution Channel, the market is segmented into Direct Sales, Distributors, Retailers and Online Platforms. Based on Viscosity, the market is segmented into Low Viscosity, Medium Viscosity and High Viscosity. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.  

Which Component Dominates the Propyl Acetate Market and Which is Gaining Importance?

According to the global propyl acetate market analysis, paints and coatings leading, due to the fact that it is widely used as a fast-evaporating, low-toxicity solvent in automotive refinishing, architectural coatings, and industrial paints. Its excellent solvency, compatibility with multiple resin systems, and strong demand from expanding construction and automotive sectors considerably enhance its propyl acetate market penetration, and overall revenue contribution.

According to the global propyl acetate market outlook, in the same segment, Adhesives and Sealants is the fastest-growing subsegment, driven by rising applications of propyl acetate in high-performance bonding formulations for packaging, furniture, electronics assembly, and construction materials. Propyl acetate adoption has been accelerating with industries moving toward stronger, cleaner, and faster-drying adhesive systems; hence, this subsegment is positioned to drive future growth and the long-term sector outlook.

Which End-Use Industry Represents the Largest Market and Which is Growing Most Rapidly?

According to the global propyl acetate market trends, the automotive segment leads due to heavy consumption of propyl acetate in premium paints, refinishing solutions, cleaners, and adhesive formulations. Since the industry continuously demands fast-evaporating, low-VOC solvents, which improve coating performance by yielding superior finishes, the sector share and contribution toward overall revenue stand significantly increased.

According to the global propyl acetate market forecast, within the same segment, the fastest-growing subsegment is Electronics, driven by increased use of propyl acetate in precision cleaning, semiconductor processes, and electronics-grade coatings where high purity and rapid drying are necessary. Thus, with accelerating miniaturization, PCB manufacturing, and advanced device production around the world, propyl acetate adoption is increasing rapidly, turning the segment into a key driver for future growth and the overall long-term industrial outlook.

Propyl Acetate Market By Application (%)

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Propyl Acetate Market Regional Insights

How North America Is Leading the World Standard for Residue Test Compliance?

According to the global propyl acetate regional forecast, the North America in 2024 owing to its strong regulatory framework, large infrastructure for chemical manufacturing, and rigorous standards related to coatings, adhesives, pharmaceutical applications, and food packaging. The governments in both the US and Canada have strict VOC, purity, and safety regulations through the EPA, FDA, and OSHA. These require regular purity profiling, solvent stability testing, and chromatography-based quality checks by manufacturers and testing laboratories. The region has invested heavily in automated distillation units, solvent purification systems, gas chromatography (GC), and digital traceability platforms to ensure high-purity propyl acetate across industries such as automotive coatings, printing inks, and industrial cleaning. The continuous innovations in low-VOC coating technologies, bio-based solvent production, and sustainable packaging chemicals continue to keep North America at the global forefront in both areas of solvent compliance and export capabilities.

Propyl Acetate Market in United States

According to the propyl acetate market regional analysis, the United States is the leading consumer and producer in the region due to strong demand from automotive refinishing, industrial coatings, and flexible packaging segments. Laboratories and chemical companies use advanced GC-MS technologies, automated batch distillation, and solvent stabilization technologies to meet federal purity and VOC standards. Rising investments in low-odor, fast-evaporating solvents and eco-friendly formulations are enabling smooth exports to Europe and Asia.

Propyl Acetate Market in Canada

Canada continues to exhibit strong demand on account of its well-established wood coatings, printing ink, and pharmaceutical industries. Purity management, tracing of solvents, and VOC-compliant formulation continue to be the focus of the country, meeting U.S. and EU standards. Laboratories are increasingly using rapid solvent screening kits, portable GC devices, and cloud-based reporting platforms to enhance quality assurance to ensure more transparent export documentation.

How Europe Is Leading the Way in Propyl Acetate Through Trade and Sustainability Regulations?

In 2024, Europe had the second-largest share in the propyl acetate industry trends, driven by the EU's stringent REACH regulations, Green Deal initiatives, and carbon-reduction policies. Strong consumer demand for low-VOC paints, eco-friendly adhesives, and sustainable printing inks is accelerating the use of high-purity, bio-based, and water-blendable propyl acetate. European chemical producers are investing in bio-derived propyl acetate production routes, continuous distillation technology, and solvent recycling systems in order to maintain regulatory compliance and support intra-EU trade. High-performance, fast-drying solvents that meet EU eco-label criteria are increasingly sought by printing and packaging industries.

Propyl Acetate Market in Germany

Increasing adoption of propyl acetate was noted in Germany in 2024 for its dominating industries such as automotive, machinery, and specialty chemicals. Deploying high-resolution GC, solvent stability analyzers, and automated quality-control systems, accredited laboratories certify propyl acetate for coating, plastic, and ink formulations. Export-oriented manufacturers rely on rapid quality verification tools and digital documentation systems to meet strict EU regulatory expectations.

Propyl Acetate Market in United Kingdom

The UK had stable demand coming from furniture coatings, printing inks, and pharmaceuticals. In the post-Brexit period, trade alignment with EU chemical standards resulted in further purity, VOC, and hazard-compliance requirements. Laboratories therefore needed to invest in portable analytical kits, automated purity-tracking systems, and cloud-based reporting tools to maintain competitive export capabilities and support the rising domestic demand for sustainable solvents.

Propyl Acetate Market in France

According to the global propyl acetate market regional outlook, France, in 2024, saw higher demand owing to strong growth in the cosmetics, food packaging, and coatings industries. The national regulators have tightened monitoring of solvent purity and environmental impact, which stimulated laboratories to extend GC-MS testing capacity. Meanwhile, an organic formulation and natural-origin solvent trend shift continues to stimulate the demand for high-quality and low-toxicity propyl acetate.

Why Is Asia-Pacific Emerging as the Fastest-Growing Hub for Propyl Acetate?

Asia-Pacific was the fastest-growing propyl acetate market regional forecst, driven by rapid expansion in automotive manufacturing, textile coatings, electronics assembly, and flexible packaging production. Governments across China, India, Japan, and South Korea strengthened chemical safety rules and aligned local solvent standards with those of the EU and U.S. Affordable solvent analysis tools, expanded distillation capacity, and increasing foreign investment in chemical manufacturing have transformed Asia-Pacific into a global hub for high-volume and export-oriented propyl acetate production.

Propyl Acetate Market in Japan

Japan recorded growth due to its advanced electronics, automotive coatings, and cosmetic industries. The manufacturers consequently adopted precision distillation, solvent purification, and high-grade GC-MS in order to meet the high domestic purity expectations. Strong consumer preference for low-odor, high-performance solvents also fueled the demand for high-purity propyl acetate.

Propyl Acetate Market in South Korea

South Korea, with its strong packaging, electronics, and automotive supplies industries, expanded the use of propyl acetate in 2024. It invested in rapid solvent testing kits, GC-based purity systems, and digital traceability tools to enable fast export certification, improving compliance with global standards.

Propyl Acetate Market By Geography
  • Largest
  • Fastest

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Propyl Acetate Market Dynamics

Propyl Acetate Market Drivers

Growing Demand for High-Performance Coatings and Printing Inks

  • One of the key drivers in the market is the growing demand for quick-evaporating, low-VOC solvents in automotive refinishing, industrial coatings, and packaging inks. In 2024, the transition toward environmentally friendly coating systems greatly influenced the surge in global propyl acetate market growth.

Shift Towards Green Chemistry & Bio-Based Solvents

  • With increasing environmental awareness, manufacturers are using bio-derived propyl acetate in coatings, adhesives, and cleaning products. Investment in bio-based production technologies is driving the revenue trajectory of the market.

Propyl Acetate Market Restraints

Stringent VOC Regulations & Environmental

  • Restrictions The manufacturing of solvents faces a tough situation due to tighter restrictions on VOC emissions from paints and coatings. Increased regulatory pressure reduced market penetration in certain applications requiring ultra-low emissions in 2024.

Competition from Alternative Solvents

  • Competitors include ethyl acetate, isopropyl acetate, and ketone-based solvents, which remain widely used due to their lower cost or higher drying rates. These options may reduce the scope for propyl acetate in specific industrial areas.

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Propyl Acetate Market Competitive Landscape

The competitive landscape of the global Propyl Acetate Market in 2024 is characterized by large petrochemical and specialty solvent producers competing against regional manufacturers who are focusing on high-purity and sustainable grades of solvents. The large international players include Eastman Chemical Company, ExxonMobil Chemical, Shell Chemicals, Celanese Corporation, and Dow Inc., having big Market Shares based on integrated access to upstream feedstocks, extensive reach through their distribution networks, as well as key partnerships with major coatings, ink, and adhesives formulators. These factors driving competition include product purity, VOC-compliance profiles, cost-efficiency, supply security, and green/sustainable production credentials. Major downstream user industries such as paints & coatings, printing inks, adhesives, pharmaceuticals, and flexible packaging seek consistent solvent quality with low-odor, fast-evaporation properties and regulatory conformity to low-VOC and food-contact grades that will shape market growth dynamics. Regional producers in the Asia-Pacific and Middle East are aggressively adding capacity to improve local market penetration in high-volume applications and export markets.

  • BioSolvix (founded in 2022, Netherlands) BioSolvix manufactures a bio-based propyl acetate from renewable feedstocks through green esterification processes. In 2024, BioSolvix scaled up pilot production of fermentation-derived propyl acetate with equivalent evaporation and solvency properties to petrochemical grades, targeting eco-conscious coatings and adhesive formulators.
  • SolvAnalytics (Founded 2021, US) SolvAnalytics supplies distillation and purification plants with real-time solvent quality monitoring and batch traceability software. Through the integration of GC fingerprinting with cloud reporting, their platform certifies VOC and impurity specifications for export customers. In 2024, they signed pilots with two medium propyl acetate producers in Asia.

Top Player’s Company Profiles

  • OQ Chemicals 
  • Dow Inc. 
  • BASF SE 
  • Eastman Chemical Company 
  • Solvay S.A. 
  • Resonac Holdings Corporation 
  • Daicel Corporation 
  • Sasol Limited 
  • Chang Chun Group 
  • Shiny Chemical Industrial Co., Ltd. 
  • Handsome Chemical Group 
  • Zhejiang Jianye Chemical Co., Ltd. 
  • Nanjing Wujiang Chemical Co., Ltd. 
  • Jiangsu Baichuan High-tech New Materials Co., Ltd. 
  • Laxmi Organic Industries Ltd. 
  • Kanto Chemical Co., Inc. 
  • Sankyo Chemical Co., Ltd. 
  • Junsei Chemical Co., Ltd. 
  • Smolecule Inc. 
  • Ningbo Yongshun Chemical Co., Ltd.

Recent Developments In Propyl Acetate Market

  • March 2024 – Eastman Expands Propyl Acetate Capacity in Asia: The company announced an expansion of capacity in Southeast Asia to better supply coatings and printing ink manufacturers. This expansion targets the region's growing packaging and automotive repaint segments, with goals to improve global supply security and reduce lead times.
  • June 2024, Celanese Introduces Low-VOC Solvent Blends Celanese developed a product line of fast-evaporating solvent blends including propyl acetate, optimized for low-VOC automotive coatings and industrial applications, based on emerging regulatory trends and customer needs for high-solvency, low-odor formulations.
  • September 2024 - BioSolvix completes pilot for bio-derived propyl acetate, BioSolvix scaled a demonstration plant producing bio-derived propyl acetate with promising solvent power and lifecycle GHG reductions, drawing interest from sustainable coatings manufacturers in Europe.

Propyl Acetate Key Market Trends

Propyl Acetate Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis the global propyl acetate market share and identifies the expansion of paints & coatings, digital printing inks, adhesives & sealants, and flexible packaging are the primary growth. Bio-derived solvents, VOC regulation alignment, and solvent-recycling initiatives have reoriented the priorities in market strategy and product development. The large integrated chemical players hold the dominant market share, due to feedstock access and distribution networks.

However, agile regional producers and bio-based start-ups are increasing market penetration by offering differentiated, sustainable grades. Raw material price volatility (propanol, acetic acid feedstocks), very tight VOC limits, and alternative solvents competition (ethyl acetate, isopropyl acetate, ketones, and water-borne systems substitutes) make up the potential risks to market growth in the near-term. Despite headwinds, the propyl acetate market outlook is expected to remain positive through the forecast horizon; this will be driven by packaging growth, coatings demand, and increasing uptake of sustainable solvent variants. Capacity expansions and bio-based adoption will be key to the long-term market forecasts and regional market share shifts.

Report Metric Details
Market size value in 2024 USD 2.2 billion
Market size value in 2033 USD 3.53 billion
Growth Rate 5.4%
Base year 2024
Forecast period 2026-2033
Forecast Unit (Value) USD Billion
Segments covered
  • Propyl Acetate Market
    • Paints and Coatings
    • Adhesives and Sealants
    • Pharmaceuticals
    • Cosmetics and Personal Care
    • Food and Beverages
  • End Use Industry
    • Automotive
    • Construction
    • Electronics
    • Packaging
    • Furniture
  • Grade
    • Industrial Grade
    • Food Grade
    • Pharmaceutical Grade
  • Distribution Channel
    • Direct Sales
    • Distributors
    • Retailers
    • Online Platforms
  • Viscosity
    • Low Viscosity
    • Medium Viscosity
    • High Viscosity
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • OQ Chemicals 
  • Dow Inc. 
  • BASF SE 
  • Eastman Chemical Company 
  • Solvay S.A. 
  • Resonac Holdings Corporation 
  • Daicel Corporation 
  • Sasol Limited 
  • Chang Chun Group 
  • Shiny Chemical Industrial Co., Ltd. 
  • Handsome Chemical Group 
  • Zhejiang Jianye Chemical Co., Ltd. 
  • Nanjing Wujiang Chemical Co., Ltd. 
  • Jiangsu Baichuan High-tech New Materials Co., Ltd. 
  • Laxmi Organic Industries Ltd. 
  • Kanto Chemical Co., Inc. 
  • Sankyo Chemical Co., Ltd. 
  • Junsei Chemical Co., Ltd. 
  • Smolecule Inc. 
  • Ningbo Yongshun Chemical Co., Ltd.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Propyl Acetate Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Propyl Acetate Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Propyl Acetate Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Propyl Acetate Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Propyl Acetate Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Propyl Acetate Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQs

Global Propyl Acetate Market size was valued at USD 1.5 Billion in 2023 and is poised to grow from USD 1.6 Billion in 2024 to USD 2.6 Billion by 2032, growing at a CAGR of 4.8% during the forecast period (2025–2032).

The competitive landscape of the global Propyl Acetate Market in 2024 is characterized by large petrochemical and specialty solvent producers competing against regional manufacturers who are focusing on high-purity and sustainable grades of solvents. The large international players include Eastman Chemical Company, ExxonMobil Chemical, Shell Chemicals, Celanese Corporation, and Dow Inc., having big Market Shares based on integrated access to upstream feedstocks, extensive reach through their distribution networks, as well as key partnerships with major coatings, ink, and adhesives formulators. These factors driving competition include product purity, VOC-compliance profiles, cost-efficiency, supply security, and green/sustainable production credentials. Major downstream user industries such as paints & coatings, printing inks, adhesives, pharmaceuticals, and flexible packaging seek consistent solvent quality with low-odor, fast-evaporation properties and regulatory conformity to low-VOC and food-contact grades that will shape market growth dynamics. Regional producers in the Asia-Pacific and Middle East are aggressively adding capacity to improve local market penetration in high-volume applications and export markets. 'Eastman Chemical Company', 'ExxonMobil Chemical', 'Shell Chemicals', 'Celanese Corporation', 'Dow Inc', 'BASF SE (solvent business lines/partners)', 'INEOS regional solvent production', 'PetroChina / Sinopec (Asia manufacturing and distribution)', 'LyondellBasell', 'Sabic'

One of the key drivers in the market is the growing demand for quick-evaporating, low-VOC solvents in automotive refinishing, industrial coatings, and packaging inks. In 2024, the transition toward environmentally friendly coating systems greatly influenced the surge in global propyl acetate market growth.

Localized Capacity Builds to Reduce Logistics & Price Volatility: Producers in Asia and the Middle East are investing in local capacity to reduce dependence on long-haul shipments and mitigate raw-material price swings, a development which improves regional Market Penetration and supply security for formulators.

How North America Is Leading the World Standard for Residue Test Compliance?

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Sensata3x.webp
SENSEAIR3x.webp
Soft Bank Group3x.webp
SYSMEX3x.webp
TERUMO3x.webp
TOYOTA3x.webp
UNDP3x.webp
Unilever3x.webp
YAMAHA3x.webp
Yokogawa3x.webp

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