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PET stretch blow molding machines produce bottles for juices, water, soda, detergents, soda bottles and several other products by stretching pre-forms in both the axel direction and the hoop direction.

The PET stretch blow molding machines market is expected to witness a sluggish growth that is mainly driven by the large consumer base of the beverage industry demanding bottles produced by PET stretch blow molding machines.

According to a new research report by Future Market Insights titled ‘PET Stretch Blow Molding Machines Market: Global Industry Analysis 2017 – 2027 and Opportunity Assessment 2021 – 2031,’ the global PET stretch blow molding machines market is expected to grow at a CAGR of 2.2% during the forecast period. The global PET stretch blow molding machines market was valued at over US$ 600 Mn in 2017 and is expected to reach a valuation in excess of US$ 715 Mn by the end of 2031.

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PET Stretch Blow Molding Machines Market: Trends and Opportunities

Rising demand for stretch blow molded products across various industries has increased the demand immensely for PET stretch blow molding machines. Manufactures are increasing their investments on design and development of energy efficient

PET stretch blow molding machines with a large number of blowing cavities and feed lines. Manufacturers are producing PET stretch blow molding machines compatible with various end user needs such as the ability to manufacture products withstanding high temperature or pasteurization process and self-collapsible containers.

Also, for the longer run production cycle, two step PET stretch blow molding machines are proving to be more economical over single step PET stretch blow molding machines.

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PET Stretch Blow Molding Machines Market: Segmental Highlights Based on region, China is expected to dominate the global PET stretch blow molding machines market with a projected market value of more than US$ 200 Mn by the end of 2031, growing at a CAGR of 3.1% during the forecast period. The APEJ regional market is also expected to witness a similar CAGR during the forecast period. Based on technology type, single step leads the market with estimated market revenue of over US$ 450 Mn by the end of 2031. However two step technologies is expected to grow at a higher CAGR than single step during the forecast period. On the basis of orientation type, rotary leads in terms of revenue, whereas linear dominates the market with a higher CAGR during the forecast period. On the basis of end use, the personal care and cosmetics industry dominates the global market with an expected growth at a CAGR of 2.5%. However, the beverages industry is anticipated to hold the maximum market valuation of over US$ 260 Mn by the end of 2031. PET Stretch Blow Molding Machines Market: Competitive Landscape

This research report presents the competitive landscape of the PET stretch blow molding machines market with a complete profile of all the leading players in the industry. Some of the top companies profiled in the report are Krones AG, Sacmi Imola S.C., Nissei ASB Machine Co., Ltd., SMI S.p.A., Guangzhou Tech-Long Packaging Machinery Co., Ltd., KENPLAS Industry Ltd., W. Amsler Equipment Inc., Zhejiang Huangyan Lingma Plastic Machinery Co., Ltd. Etc.

About Packaging Division at Future Market Insights

The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help

According to a study by Future Market Insights (FMI), the   pharmaceutical unit dose packaging market   is expected to experience a shift in the way it operates as manufacturers focus on increasing productivity through automation system integration. According to the report, the market will exceed $26.1 billion by 2021 and record double-digit YoY growth between 2020 and 2021.

A dynamic shift from manual to automatic packaging lines, in turn, is expected to be a cost-effective proposition in the long run by increasing process efficiency and reducing reliance on manpower. The growing demand for prefilled syringes for vaccination programs is expected to be a key trend that will positively impact the pharmaceutical unit dose packaging market.

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Automated packaging lines are also capable of multitasking, handling multiple stages of the packaging process, such as forming, filling, sealing and labeling, in a single step. Designers of packaging line automation systems prioritize human-machine interface (HMI) design to streamline processes. This improved HMI can make it simpler for operators and managers to access information related to a specific packaging production line.

The above trend is expected to be supported by the increasing availability of biotech products with specific requirements for packaging such as prefilled syringes and disposable vials. Vials and prefilled syringes are the two most common forms of pharmaceutical unit dose packaging that are generally preferred in clinical research and diagnostic centers.

Vials and blisters have been identified as the most prominently used products in the pharmaceutical unit dose packaging market. Manufacturers are running strong vial production facilities in anticipation of demand for global COVID-19 vaccine supplies. Therefore, the segment is expected to expand 5.7 times its present value during the forecast period.

Key implications of the pharmaceutical unit dose packaging market

• Pharmaceutical unit dose packaging sales will surge at a CAGR of 14.7% between 2021 and 2031.
• The presence of several major players allowed the US to account for more than 87% of North American sales in 2021.
• Increase in R&D initiatives to enable the UK to grow more than 15% year-over-year in 2021
• Soaring health spending is fueling demand in Germany and France.
• Growing demand for vaccination with COVID-19 boosts sales in China, Japan and South Korea

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 “Some of the leaders are aiming to strengthen their production facilities to meet the growing demand for vials and prefilled syringes to help with COVID-19 immunization,” said an FMI analyst.

Pharmaceutical Unit Capacity Packaging Market Players Focused on Geographical Expansion

According to FMI analysis, some of the major manufacturing companies in the pharmaceutical industry are targeting expansion, especially in remote areas where medical needs are not being met. The demand for small packaging solutions such as blisters is quite high in this region. In addition, drug unit dose delivery strategies include using bulk repackaging systems and some manual repackaging machines to take some medications in bulk and repackage them into single or unit doses.

Cost savings are a major benefit of topically repackaging pharmaceuticals into unit doses using high-volume automated repackaging systems. Unit Dose Solutions, Inc., Safecor Health, and Almac Group are active participants in repackaging services.

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Impact of COVID-19 on the pharmaceutical unit dose packaging market

The global pharmaceutical unit dose packaging market is expected to witness impressive growth amid the rise of the second wave of the COVID-19 pandemic. This is mainly due to the strong demand for pharmaceuticals, pharmaceuticals and vaccines from diagnostic centers, hospitals and other healthcare institutions, which constitute the major consumers of unit dose packaging for pharmaceuticals.

Blisters and vials will continue to attract significant investment from investors in oral and injectable pharmaceutical unit dose packaging end uses. According to FMI analysis, global adoption of unit-dose packaging for pharmaceuticals will surge nearly 3.0-fold during 2021-2031.

QR codes and RFID tags are already being used by pharmaceutical unit-dose packaging manufacturers to ensure safe transportation of vaccines. The market is witnessing rapid growth in the use of automation and robotics. Pfizer, Inc., for example, has adopted a new technology to package doses of vaccine to be shipped from the United States. It is called “Ecoplat Plus” in ROBOPAC USA. This is a turntable with state-of-the-art technology that uses stretch film, wrapping turntables to ensure increased efficiency due to durability, strength and ease of use, including optimum safety of the product.

Pharmaceutical Unit Capacity Packaging Market Landscape

UDG Healthcare plc, West Pharmaceutical Services, Inc., Schott AG, SGD SA, Stevanato Group Spa, Klockner Pentaplast Group, Amcor plc, Gerresheimer AG, Berry Global, Inc., Comar LLC, Constantia Flexibles Group GmbH, Nipro Corporation, Catalent, Inc., Becton, Dickinson and Company, Adelphi Healthcare Packaging, Winpak Ltd., Pacific Vial Manufacturing Inc., Sonoco Products Company, WestRock Company, and AptarGroup, Inc. are the major players in the pharmaceutical unit dose packaging market. Tier 3 players of the market share 75-85% of the global pharmaceutical unit dose packaging market. In conclusion, major players contribute nearly 15-25% of global demand.

The global packaging industry has witnessed spectacular gains in recent years, with numerous innovations and technological advancements acquiring precedence. Specific emphasis is laid on sustainability and ensuring the prevalence of a circular economy. Credible gains have been accrued with respect to reducing municipal solid waste generation.

As per an OECD report, total share of landfilled municipal solid waste has reduced from 61% in 1995 to 42% in 2017. Most of this was generated as a consequence of heightened paper consumption across the packaging industry. Thus, market players are emphasizing on incorporating recycled paper packaging solutions to aid in the circular economy endeavor.

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Future Market Insights provides an exhaustive yet unbiased analysis of the global paper cores market in its recently published research report, incorporating historical analysis from 2015-2019 and future assessment for the decade 2020-2030.

Key Takeaways Recycled paperboard to generate lucrative opportunities, reaching US$ 1.4 Bn by 2020-end High uptake likely across the paper & polyester segment, reaching almost 2,100 Mn unit sales by 2025  By diameter, 230 mm & above paper cores to remain the lynchpin through 2030 Hygiene & tissue paper applications to surge in the short-run, owing to high demand for hygiene products due to the pandemic crisis Global paper cores market likely to expand at a value CAGR worth 4.9% through 2030 East Asia to emerge as the most lucrative paper cores market, with China pivoting growth

“Manufacturers are increasingly foraying into emerging economies, attributed to increasing purchasing power amongst consumers which as heightened e-commerce prospects, leading to high need for robust packaging solutions,” comments the FMI analyst.

Explore the complete paper core market report with 105 illustrative figures, 90 data tables, and the table of contents. Also find detailed market segmentation on https://www.futuremarketinsights.com/askus/rep-gb-5317

COVID-19 Impact Analysis

As the world nears the closure of 2020, industry leaders are optimistic about a post-pandemic recovery scenario. With the initiation of inoculation procedures across the UK by pharmaceutical giant Pfizer, analysts are hopeful of the vaccine being available on a large-scale basis in upcoming months.

With up to 4 million administrations expected by the end of December 2020, healthcare experts anticipate robust antibody protection which would permit people to people contact without the risk of being infected. All these developments are a welcome news for the global packaging industry.

Already, the packaging industry is witnessing a resurgence, with consumers relying on virtual platforms to make purchases of essential goods, particularly healthcare and hygiene products. Sustained demand for instant foods and beverages is also likely to stimulate need for paper core packaging solutions, allowing the market to embark on a consistent growth path.

Competitive Landscape

The global paper cores market is highly fragmented, with Tier-3 players accounting for 75% of the global market share. Some of the players profiled include Advanced Paper Tube, Inc., YAZOO MILLS Inc., Smurfit Kappa Group, Sonoco Products Company and CPPC Public Co. Ltd. among others.

Owing to the highly competitive nature of the landscape, market players are relying on multiple expansion strategies to consolidate their foothold. Some of the strategies include capacity expansion, strategic collaborations with other players and research institutions and technological developments to further innovative product launches.

More Insights on FMI’s Paper Cores Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global paper cores market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the paper cores market on the basis of material type (kraft board- virgin, recycled and paperboard- virgin, recycled), diameter (23 mm – 76 mm, 77 mm – 152 mm, 153 mm – 229 mm, 230 mm & above), end use (paper & polyester, electronic, textile, construction and beverages packaging), application (winding and re-winding, decoration & specialty paper, hygiene & tissue paper and printing & coating) across seven regions.

About Packaging Division at Future Market Insights

The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help

Future Market Insights, in its incisive study on the mining lubricants market, opines that the market is slated for 3.4% growth through the forecast period (2022-2030). Growing investments in Asia Pacific are likely to offset subdued growth in key markets, with coal and iron ore mining sector driving demand.

Manufacturers are working on product differentiation strategies to develop lubricants that have prolific anti-friction properties, high pressure additives and the correct anti-wear agents. Sharper profit margins are underpinned by lubricants used in equipment such as coal crawler excavators.

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Key Takeaways of Mining Lubricants Market Study

• The mining lubricants market is slated to reach US$ 2.98 Bn by 2030
• High performing lubricants and greases are growing in demand as covid-19 tightens operating costs
• Coal mining largest application avenue, accounting for over 50% mining lubricants market share
• Open pit mining is heightening the adoption of loaders, roof bolters, draglines and haul trucks thus boosting demand for lubricants
• Bio-based lubricants pipped as a log-term solution, but current market dynamics in favor of synthetic variants

For mining companies, operational and maintenance costs account for a significant share. Increasing awareness among companies about the proper usage of lubricants has decreased the maintenance cost of equipment. Moreover, it has also helped companies to avoid unexpected shutdowns”, says an FMI analyst.

Mining Lubricants Market – Competition Landscape

Technological advancements in lubricants is acting as a catalyst for mining lubricants market players to move up the value chain. The mining lubricants marketplace remains moderately fragmented, with Shell, Exxonn Mobil and Chevron as the traditional triumvirate. With size of mining equipment undergoing a seismic shift, manufacturers are strategizing to come out with differentiated offerings that lower maintenance costs.

• Schaeffer, a privately held US company specializing in heavy duty lubricants, has demonstrated the capability of extending working time of mining equipment by several hours. Besides this, the company’s lubricants create a highly durable shield thus reducing metal-to-metal contact and friction
• Total, on the other hand, closely collaborates with its mining company clients, advising them on correct lubricant storage solutions. It recommends the first in, first out approach thus reducing costs on obsolete inventories by as much as 6% – 19%
• Exxon Mobil, in the year 2021, expanded its refinery at Singapore for better upgradation of Group II lubricants stock to remain competitive in the market

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COVID-19 Impact on Mining Lubricants

In the first quarter of 2022, lubricant players have bore the brunt of the COVID-19 crisis as the virus rampaged across China, Europe and North America. Many had to fully or partially shut down operations. Sales of lubricants were down by as much as 70%-75% in Asia Pacific. Industry experts predict a gloomy outlook for the near term as it will take a few quarters for the market to come back to normalcy.

With lockdowns in force in Europe, Asia and North America, there has been a cessation in mining activity. Consumption of lubes has dropped and many lube refiners are being forced to cut down their throughput by at least 20%-30%.

The daily global oil demand is also set to shrink by a few million barrels leaving an unpleasant residual impact on the mining lubricants market. The use of inventories to meet pending demand and cash reserves will help lubricant manufacturers to sail through this turbulent time in the short-term.

Want to Know More?

Future Market Insights has published a market research report on the Mining lubricants market that contains global industry analysis for 2015–2021 and opportunity assessment for 2022–2030. The report provides insightful analysis of the Mining lubricants market through four different segments- product type, source, application, and region.

The Mining lubricants market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world, along with a detailed overview of the parent market.

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:
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Future Market Insights,
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Website: https://www.futuremarketinsights.com

 

Precipitated silica is witnessing increased traction from various end-use industries such as automobiles, cosmetics, construction, electronics, and agriculture. Investment in infrastructure, coupled with increasing disposable income will further the demand of precipitated silica used in manufacturing paints, coatings, cosmetics, and oral care products. Global precipitated silica market revenues will reach US$ 5.9 Bn by 2029 supported by a staggering growth rate of over 9% between 2019 and 2029. Market players are focusing on capacity expansion and product innovation to exploit the versatility of precipitated silica (SiO₂). Developing regions of the world are expected to lead demand generation by the end of forecast period.

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Key Takeaways of Precipitated Silica Market Study

• Cosmetics lead end-use industries in terms of demand generation with a market share of more than 21%.
• Electronic end-uses present the most lucrative growth opportunities with a growth-wise market share of more than 19% during the forecast period.
• Rubber will lead segmentation based on application type, on the back of surging demand for green tires from the automotive industry.
• Precipitated silica products have found immense utilization in personal care, particularly in oral care products that treat tooth sensitivity. This segment is expected to provide remunerative opportunities.
• North America is leading with a market share of more than 29% followed by Latin America which garners a market share of 23%.
• Japan proves to be the future frontier for precipitated silica manufacturers with an astounding growth rate of more than 13% throughout the forecast period.

“Precipitated silica will witness exponential growth on back of surging infrastructure and automotive demand in developing economies. Manufacturers stand to gain from research and development into innovative applications of the product. Major players are making an effort to establish market dominance by investing in capacity expansion.”-FMI Analyst

Rubber Industry to Increase Market Demand

Propelling mass-adoption of precipitated silica, the rubber industry will influence growth trends during the forecast period. This is attributed to beneficial applications of precipitated silica in increasing road grip and reducing rolling friction. Promoting fuel efficiency, precipitated silica induced tires are referred to as green tires. Green tires have garnered increasing traction on the back of eco-friendly production trends in automotive industry. Consumer trends such as increase in disposable income and awareness of skin friendly cosmetics will generate demand from cosmetics end-use industry. Oral care is another lucrative opportunity that market players are capitalizing with the help of research and development in medical aplications.

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Who is Winning?

The global precipitated silica market is fragmented. Major players in the market are investing in capacity expansion and innovative production processes. Important market players that shape the precipitated silica market are Evonik Industries AG, PPG Industries Inc., W.R. Grace & Co., Tosoh Silica Corporation, Solvay SA, Huber Engineered Materials, and Oriental Silica Corporation.

Precipitated Silica Market Segmentation

The global Precipitated Silica market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

By End – Use Industry

• Automobiles
• Cosmetics
• Electronics
• Agriculture
• Others

By Application

• Rubber
• Personal Care
• Fishing Boats
• Food
• Coating & Inks
• Adhesives & Sealants
• Others

Region

• North America
• Latin America
• Europe
• APEJ
• Japan
• Oceania
• Middle East & Africa

Feel free to ask your queries at https://www.futuremarketinsights.com/ask-question/rep-gb-11073

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:
Corporate Headquarter
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Website: https://www.futuremarketinsights.com

 

High boiling point and good solvent power of 2-ethylhexyl acetate maket it a popular solvent in the formulation of paints and coatings. Through continuous exploration of its properties, 2-ethylhexyl acetate is finding application in spray coatings and dip-coating technologies. Thus, rising demand for paints & coatings, globally, is anticipated to fuel the demand for 2-ethylhexyl acetate.

The global 2-ethylhexyl market is expected to witness decent growth at a CAGR of 4.6% over the forecast period of 2022–2029, and reach a valuation of US$ 312.2 Mn by 2029.

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Key Takeaways of 2-Ethylhexyl Acetate Market Study

• Purity ≥ 99% is observed to be most-preferred grade type in the market, owing to increasing demand for high-quality products and tightening regulatory scenario.
• 2-ethylhexyl acetate is used as a brightener in leather processing, and as an additive in fragrance formulation. Increasing consumption of cosmetic & personal care products is estimated to drive the demand for 2-ethylhexyl acetate as a performance chemical. However, the slow growth of the leather industry can have a negative impact on the market.
• 2-ethylhexyl acetate is also used as a solvent in printing and screen inks. The demand for 2-ethylhexyl acetate is expected to rise, owing to increased consumption of printing inks in the packaging industry.
• Emerging economies such as India, China, and Mexico are estimated to witness lucrative growth. The positive outlook for the automotive industry and growth of the paints & coatings industry are major factors offering growth opportunities for the 2-ethylhexyl acetate market in these countries.

“2-ethylhexyl acetate is effectively being used as an alternative to conventional solvents, which have relatively higher levels of volatile organic components (VOCs). Increasing regulations regarding VOC components will propel the demand for 2-ethylhexyl acetate in the foreseeable future.”

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2-Ethylhexyl Acetate Market: Competition Analysis

The global 2-ethylhexyl acetate market is significantly consolidated, with only a few leading market participants accounting for a high market share. Adoption of integrated business models for controlling the procurement of raw material and supply chain network is one of the key strategies adopted by leading market players. Continuous product & technological innovation and development of customized solutions are few of the key trends being observed in the market. Some of the key players identified in the 2-ethylhexyl acetate market are Chemoxy International Ltd., BASF SE, Polynt SpA, and Eastman Chemical Company, among others.

How will the market shape up?

Rapid industrialization across the globe and growing consumption of paints & coatings for both, decorative and protection purposes, will drive the demand for 2-ethylhxyl acetate as an industrial solvent. Apart from this, 2-ethylhexyl acetate is also estimated to witness rise in demand as an additive in cleaners and fragrance formulation. Shifting trend towards the adoption of water-borne coatings or high-solid coatings might hamper market growth in the foreseeable future.

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What does the report offers?

The recent market study published by Future Market Insights offers conclusive analysis on the global 2-ethylhexyl acetate market, and delivers noteworthy insights through organized market research. The report offers in-depth market analysis of historical performance from 2014 to 2021 and opportunity assessment for 2022–2029. The market study provides comprehensive insights on different aspects of the 2-ethylhexyl acetate market based on purity, application, and end use, across the targeted seven regions.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:
Corporate Headquarter
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Website: https://www.futuremarketinsights.com

 

 

Growing preference for propyl acetate over ethyl acetate in several end-use industries, especially in the printing ink industry, is expected to boost its demand in the coming years. A clear, colorless liquid that has distinguishable acetate odor of pears, and is highly flammable, propyl acetate finds application across diverse industries due to its superior solvent and fragrance properties.

According to a recent research report published by Future Market Insights, the propyl acetate market is expected to experience a CAGR of 6.9% during the forecast period of 2022-2029.

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Several end-use industries prefer propyl acetate over ethyl acetate due to its cost effectiveness and excellent solvent properties. This is prompting manufacturers to lay more emphasis towards the production of propyl acetate as compared to ethyl acetate.

Key Takeaways of Propyl Acetate Market Study

• High purity (i.e. +99%) propyl acetate is the dominant segment, as manufacturers from several end-use industries of propyl acetate prefer high purity to ensure improved performance of end products.
• Propyl acetate is gaining traction over conventional ethyl acetate in flexography printing, Propyl acetate, on an average, is 30% more economical in terms of solvent consumption, while reducing ink usage by an average of 20%. Retardants such as ethoxy propanol are not required for propyl formulation. This offers considerable advantages when printing food product packaging, significantly reduces scrap percentage, and improves process stability.
• Substantial demand is anticipated for propyl acetate from the pharmaceutical industry, as it is a well-known fragrance agent for several personal care products. Propyl acetate is widely used in the fragrance, cosmetic, and personal care industry. In fragrances and personal care products, manufacturers often use n-propyl acetate as a flavoring agent. Flavor library of the Flavor Extract Manufacturers Association (FEMA) states that, it has notes of celery, floral, pear, and red fruit.

Propyl Acetate Market: Competitive Landscape

The global propyl acetate market is moderately fragmented, due to the availability of raw materials required for the manufacturing of propyl acetate, especially at the regional level, and presence of local manufacturers in domestic as well as international markets. Key manufacturers such as Dow Chemical Company, BASF SE, OXEA GmbH, Eastman Chemical Company, and SHOWA DENKO K.K. account for around 28% of the overall market share. North America and East Asia are anticipated to account for a significant share of the global propyl acetate market, owing to significant growth in printing ink industry and increasing preference for propyl acetate over ethyl acetate.

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Propyl Acetate Market Taxonomy

The global propyl acetate market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Purity

• Purity ≥ 99%
• Purity < 99%

Application

• Coatings & Printing Inks
• Chemical Intermediates
• Food Flavourings
• Personal Care Products
• Others

End Use

• Chemicals
• Pharmaceuticals
• Food & Beverages
• Others

Region

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Middle East & Africa
• Oceania

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Looking for More Information?

The research report analyzes the total sales of propyl acetates on the basis of volume (tons) and value (US$ Mn). The report contains a competition analysis section that includes market structure analysis, tier structure analysis, competition development, and other crucial information about global and regional players in the propyl acetate market. Opportunities in the market are projected on the basis of factors such as printing ink industry growth, food industry outlook, pharmaceutical industry overview, and expansion in production capacity by manufacturers around the world.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:
Corporate Headquarter
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Website: https://www.futuremarketinsights.com