Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 180.77 Million | USD 330.2 Million | 7.82% | 2022 |
The global amyl acetate market size was worth around USD 180.77 Million in 2022 and is predicted to grow to around USD 330.2 Million by 2030 with a compound annual growth rate (CAGR) of roughly 7.82% between 2023 and 2030.
Amyl acetate is a colorless organic compound having the molecular formula C7H14O2. It smells like a banana and is liquid in nature. Amyl acetate holds electrical resistivity for coating. However, these are manufactured via a fermentation process between alcohol and acetic acid. Also, it is manufactured with the help of an esterification reaction of 1-pentanol and acetic acid. It has low toxicity and can effectively be used in respirators. It is widely available in both synthetic and natural forms. However, it is used to manufacture around 40 artificial flavors, including coffee, apple, and many others.
The global amyl acetate market is likely to surpass $330.2 million with a healthy CAGR of 7.82% during the forecast period. The growing demand for the end-users sector engaging in flavor, fragrance, painting, coating, and similar spaces is likely to boost the growth of the global amyl acetate market. Additionally, amyl acetate is used in the preparation of personal care and cosmetic care products due to its superior qualities, like fruit smell. Also, amyl acetate is widely used as a respirator for detecting flaws in gas. Also, owing to its high solubility, it is more popularly used in varnish applications. Furthermore, amyl acetates are largely utilized in different food applications due to growing awareness regarding their flavoring agent qualities. It is more in used in developed regions globally.
However, market leaders are raising their investments to develop qualitative amyl acetate products, which in turn is likely to scale up the growth of the global amyl acetate market. Additionally, the ongoing technological advancements and research & development activities are likely to further complement market growth. Market leaders are taking several initiatives to strengthen the distribution network and expand their customer base globally. The growing awareness among people regarding its benefits is largely replacing other products. Thereby, the number of applications offered by amyl acetate is growing with time. Therefore, to cater to such surging demand, manufacturers are strategically expanding their production capabilities. The outbreak of the COVID-19 pandemic has significantly affected the growth trajectory of the global amyl acetate market, but with the ease of the pandemic situation, the market is likely to see a speedy recovery in the forthcoming years.
Report Attributes | Report Details |
---|---|
Report Name | Amyl Acetate Market |
Market Size in 2022 | USD 180.77 Million |
Market Forecast in 2030 | USD 330.2 Million |
Growth Rate | CAGR of 7.82% |
Number of Pages | 192 |
Key Companies Covered | Avid Organics Pvt Ltd, Nimble Technologies Pvt Ltd, G.AROCHEM INDUSTRIES, Chemoxy International Ltd, Sisco Research Laboratories Pvt. Ltd., Merck Millipore, and Sigma Aldrich |
Segments Covered | By Types, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global amyl acetate market can be segmented into application, classification, and region.
By application, the market can be segmented into leather polishes, cleaning, flavors & fragrances, paint & coatings, and others.
By classification, the market can be segmented into synthetic and natural. The synthetic segment accounts for the largest share in the global amyl acetate market due to the high adoption rate of synthetic pentanol isomers, largely as flavoring agents. Furthermore, the growing investments by market leaders to develop qualitative amyl acetate products will contribute to the growth of the segment. The natural segment is likely to grow significantly in the forthcoming years with a CAGR of 3.0 % due to the massive adoption rate of natural amyl acetate in different applications in developed regions.
By Type
By Application
Asia Pacific accounts for the largest share in the global amyl acetate market due to the fast-proliferating food sector in the region, along with the frequent product launches by market leaders.
North America is also a leading region in the global market due to the presence of prominent market leaders and growing investments by top-leading players to innovate qualitative products in the region. However, the growing adoption of pentanol isomers in food applications is likely to complement the growth of the regional market during the forecast period.
Some of the significant players in the global amyl acetate market include
FrequentlyAsked Questions
The global amyl acetate market is likely to surpass $67.5 million with a healthy CAGR of 2.7 % during the forecast period. The growing demand for the end-users sector engaging in flavor, fragrance, painting, coating, and similar spaces is likely to boost the growth of the global amyl acetate market.
Some of the significant players in the global amyl acetate market include Avid Organics Pvt Ltd, Nimble Technologies Pvt Ltd, G.AROCHEM INDUSTRIES., Chemoxy International Ltd, Sisco Research Laboratories Pvt. Ltd., Merck Millipore, and Sigma Aldrich.
Asia Pacific accounts for the largest share in the global amyl acetate market due to the fast proliferating food sector in the region, along with the frequent product launches by market leaders.
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