Isoamyl Acetate Market is predicted to reach USD 455.27 million at a CAGR of 5.5% during the forecast period

Pune, India, April 2022, MRFR Press Release/Market Research Future has published a Half- Cooked Research Report on the Global Isoamyl Acetate Market.

Market Synopsis

According to the MRFR analysis, The global Isoamyl acetate market was valued at USD 205.50 million in 2020 and is projected to reach USD 455.27 million by 2030 at a CAGR of 5.5%.

Iso amyl acetate is an organic chemical generated when iso amyl alcohol reacts with acetic acid. Iso amyl acetate has a strong, pleasant odour and is low in toxicity, making it ideal for testing the efficiency of gas seals in respirators.

One of the key drivers for the worldwide market is the extensive usage of Isoamyl acetates as a flavour in the production processes in the food & beverages industry. Chemical synthesis using the Fischer esterification method has traditionally been used to produce isoamyl acetate. Another significant driver of the worldwide market is the use of isoamyl acetate in the personal care and cosmetics sector. The worldwide market is expected to be driven by rising production and sales of personal care and cosmetics items due to rising buying power and technological improvements.

The global iso amyl acetate consist of wide range of application such as tastes and fragrances, aircraft, varnishes, cosmetics, wind proofing fabric flying surfaces, and wood frames. The iso amyl acetate market can be divided into natural and synthetic sources of formation. Food and drinks, such as honey, butterscotch, artificial coffee, beverages, and perfumes, are among the uses of iso amyl acetate in the flavouring industry.

Competitive Landscape

The global Isoamyl acetate market is fragmented and consists of many organized and unorganized industry players. The key players in the global Isoamyl acetates market are focusing on growth strategies such as innovation in products and developing technologies on a global level to gain a maximum share of the global market. The key players operating in the global Isoamyl acetate market include Thermo Fisher Scientific, Finetech Industry Limited, Chemoxy International Ltd., Ernesto Ventós, S.A., Merck KGaA, LGC Limited, BASF SE, Dow., ShanDong Fine Chemical, Hubei Jusheng Technology, Xiamen Hisunny Chemical, Haihang Industry, Neostar United Industrial, Zhengzhou YiBang Industry and Commerce, Shanghai Pu-Jie Fragrance, Yancheng China Flavor Chemicals, Aecochem, Hangzhou Dayang Chemical, Gihi Chemicals, Hangzhou JandH Chemical, and Others.

Segmentation

By Application

• Food &Beverages: There has been an increase in the number of fast-food consumers in North America, Asia-Pacific, Europe and other region over the decade owing to the busy lifestyles and rising preference for convenience food products. Since, isoamyl acetate is the crucial ingredient in beverages industry for adding a flavor in food items and majorly used in fast-food industry. Furthermore, key factors driving the growth of food industry is an expansion of modern retailing, urbanization and changing consumer preferences has led to the incorporation of several changes in food & beverages industry.


• Cosmetics: The global cosmetics market has witnessed significant growth in the past years, registering an increased year-on-year growth since 2014. Some of the key drivers of the cosmetics market are the rise of the middle and upper-income classes, the emergence of new consumer targets, including seniors and men, the digital revolution, and e-commerce platforms such as Alibaba, amazaon, and others.


• Textile: Isoamyl acetate is commonly used for wide range of application in various end use industries such as manufacturing artificial silk, perfuming shoe polish; photographic films, leather, or pearls, celluloid cements, bronzing liquids, waterproof varnishes, and metallic paints. Particularly, in textile industry it is used for dying and finishing fabrics.


• Pharmaceutical: The growth of the global isoamyl acetate market is mainly driven by the advancement in technology and expanding pharmaceutical and packaging industries.


• Others: The others segment includes aerospace & defense and other application.

By Region

• North America: The North American market has been divided into the US and Canada. The United States is the biggest consumer of Isoamyl acetate in North America due to the presence of large number of key players in this region. Henceforth, the US is expected to drive regional growth during the assessment period.


• Europe: Europe is a market leader in the personal care and cosmetics industry and one of the leading exporters of personal care and cosmetics products worldwide. The strong demand for quality cosmetic products in the Americas and Asia-Pacific regions is expected to provide lucrative opportunities to the personal care products manufacturers in Europe


• Asia-Pacific: The high growth in the region is attributed to rapid population growth, urbanization, and factors such as the presence of a large number of producers, cheap labor costs, and growing application segments in the region.


• Latin America: The growing product demand in this region is offering optimistic opportunity to various key players.


• Middle East & Africa: The regional market is likely to register significant growth in the upcoming years due to the increasing food & beverages industry in GCC countries like Bahrain, United Arab Emirates, and etc.   


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