Dublin, Feb. 11, 2025 (GLOBE NEWSWIRE) — The “Methoxy Propyl Acetate Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2035F” report has been added to ResearchAndMarkets.com’s offering.
Global Methoxy Propyl Acetate Market was valued at 428.22 Thousand Tonnes in 2024 and is expected to reach 499.93 Thousand Tonnes by 2035 with a CAGR of 1.42% during the forecast period.
The Global Methoxy Propyl Acetate Market is experiencing significant growth due to its widespread use in various industrial applications, including coatings, paints, cleaning products, and cosmetics. The increasing demand for paints and coatings, particularly in the automotive, construction, and industrial sectors, has been a major driver for the market. These industries utilize Methoxy Propyl Acetate to improve the drying time and quality of their products, boosting the overall demand for this chemical compound.
Moreover, the growing trend of urbanization, coupled with rising disposable incomes, has spurred the demand for consumer goods such as personal care products and household cleaning items. Methoxy Propyl Acetate is increasingly being incorporated into formulations for these products, as it offers enhanced performance and sustainability. Its ability to serve as an alternative to more toxic solvents aligns with the growing shift toward environmentally friendly chemicals.
In July 2024, Elementis, a prominent supplier of specialty chemicals for paints, coatings, and industrial aqueous applications, announced a major advancement in the coatings industry with the expansion of its NiSAT (Non-Ionic Synthetic Associative Thickeners) technology production in China. This strategic move is designed to deliver enhanced performance and eco-friendly solutions to the Chinese architectural market and beyond. The decision to expand NiSAT technology production in China underscores Elementis’s commitment to innovation, sustainability, and growth within the Asian architectural sector. This expansion introduces a range of eco-label compliant products, setting new standards for environmental responsibility and performance in the industry.
Geographically, North America and Europe are significant contributors to the Global Methoxy Propyl Acetate Market, driven by well-established manufacturing industries and strict environmental regulations that promote the use of safer, low-toxicity solvents. The Asia-Pacific region, particularly China and India, is expected to witness substantial growth, owing to the rapid expansion of industrial activities and increased adoption of methoxy propyl acetate in manufacturing processes.
Key Market Drivers
- Growing Demand from Paints and Coatings Industry
- Increasing Adoption in the Automotive Sector
- Surge in Demand for Eco-Friendly Solvents
Key Market Challenges
- Volatility in Raw Material Prices and Supply Chain Disruptions
- Competition from Alternative Solvents and Substitutes
Key Market Trends
- Growth in the Personal Care and Household Products Market
- Rising Urbanization and Infrastructure Development
- Technological Advancements in Solvent Formulations
Asia-Pacific (APAC) is the most dominant region in the Global Methoxy Propyl Acetate Market. This dominance is primarily driven by rapid industrialization, growing manufacturing sectors, and increased demand from key end-use industries such as paints and coatings, printing inks, and electronics. The region’s economic growth, particularly in countries like China, India, and Japan, has spurred demand for high-performance solvents like methoxy propyl acetate across various sectors. China, as the world’s largest producer and consumer of chemicals, plays a pivotal role in driving market growth in the APAC region.
The construction and automotive industries in China are among the largest consumers of methoxy propyl acetate, with paints and coatings playing a critical role in infrastructure development and vehicle manufacturing. India’s growing middle class and expanding industrial base further contribute to the increasing demand for such solvents. The APAC region is also a hub for electronic manufacturing, especially in countries like South Korea and Japan, where the demand for specialized chemicals for electronics applications is high.
Additionally, the region benefits from a large network of chemical producers and distributors, ensuring that methoxy propyl acetate is readily available across diverse markets. The favorable manufacturing environment, coupled with the availability of low-cost labor and raw materials, makes the APAC region a dominant force in the methoxy propyl acetate market. The ongoing urbanization, infrastructure development, and expanding industrial activities are expected to continue propelling market growth in this region.
Key Players Profiled in the Methoxy Propyl Acetate Market
- LyondellBasell Industries Holdings B.V.
- Eastman Chemical Company
- Shinko Organic Chemical Industry Ltd.
- Jiangsu Baichuan High-tech New Materials Co. Ltd.
- KH Neochem Co. Ltd.
- Shell PLC
- BASF SE
- Dow Inc.
- Jiangsu Hualun Chemical Co. Ltd.
- Jiangsu Ruijia Food Ingredient Co. Ltd.
Report Scope
Methoxy Propyl Acetate Market, By End-Use:
- Paints & Coatings
- Printing Inks
- Electronics
- Others
Methoxy Propyl Acetate Market, By Sales Channel:
Methoxy Propyl Acetate Market, By Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Key Attributes
| Report Attribute | Details |
| No. of Pages | 182 |
| Forecast Period | 2024-2035 |
| Estimated Market Value in 2024 | 428.22 Thousand Tonnes |
| Forecasted Market Value by 2035 | 499.93 Thousand Tonnes |
| Compound Annual Growth Rate | 1.4% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/ogwt6n
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- Methoxy Propyl Acetate Market
