Global N-Propyl Acetate Market Size Was 368.52 Million USD In 2017 And It Will Be 584.99 Million USD In 2024
Friday, 15 Nov, 2019
First, the N-Propyl Acetate industry concentration is relatively low; there are many manufacturers in the world. But the number of giants is small.
In the world wide, N-Propyl Acetate manufactures mainly distribute in China and North America. China has the largest production in the world and exports worldwide, like Nuoao Chem and Jiangsu Baichuan, both have large production capacity. As to western countries，the companies production low, and mostly used for local consumption
Second, all manufactures in the world are committed to the improvement of product. International companies have been leading the R&D level in the past. These two years, some Chinese manufactures can almost catch up with the world's leading technology too.
Third, during past five years, in China, N-Propyl Acetate have increased from 96.5 K MT in 2013 to 157.4 K MT in 2017, with a CAGR of 10.28%.
Fourth, just few manufacturers can produce intermediate. And these manufacturers which have complete industrial chain have certain advantages in the cost of raw materials. The entire industry was constrained by intermediates. As the upstream n-propanol industry continues to mature, the local supply rate will continue to increase.
Fifth, we tend to believe this industry now is close to mature, and the consumption increasing degree will show a smooth curve. continuous expansion of several Chinese manufacturers' production plans, market supply will continue to increase, but as downstream demand continues to increase. And the environmental protection requirements are constantly strict so market prices will continue to increase in the next few years, which will help the market expansion of products.