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Amyl Acetate Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Aug 2020 | 83 Views
 
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Amyl Acetate Market Outlook - 2027

Amyl acetate is a colorless liquid organic compound possessing a distinct banana-like odor. Amyl acetate is prepared from the esterification reaction of acetic acid and 1-pentanol. It is widely used in the food & beverage industry as artificial flavoring. Moreover, it is used to cover-up unpleasant odors in certain products such as shoe polish and as warning odor in devices where gases flow such as respirators. Furthermore, amyl acetate has several other applications in different end-user industries; for instance, it is used as a solvent in paints & lacquers, for the manufacture of penicillin, and also in printed and dyed fabrics. 

 

Market scope and structure analysis

                   Report Metric

                                               Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast unit

  Value (USD)

  Segments covered

  Type, Application, Industry Vertical, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and the Middle East & Africa

  Companies covered

Sigma Aldrich, Merck Millipore, Sisco Research laboratories Pvt. Ltd., Chemoxy International Ltd., G. Arochem Industries, Nimble Technologies Pvt. Ltd., and Avid Organics Pvt. Ltd.

 

COVID-19 scenario analysis

  • The outbreak of the COVID-19 pandemic across the globe has impacted the global amyl acetate market to a notable extent.
  • The implementation of nationwide lockdown in several nations has created an economic worldwide slowdown, which negatively impacted the disposable income of the consumers. This resulted in decrease in demand for various products of the major end-user industries such as cosmetics & personal care industry, packaged food & beverages, and paints. The reduction in demand for these products has further severely affected the growth of the global amyl acetate market.
  • China is a major exporter of amyl acetate in the global market. Thus, the complete shutdown of the country has immensely impacted the amyl acetate market growth.    

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The rapid expansion of industries such as the food & beverage, paints & dies, and cosmetics is the major factor driving the demand for amyl acetate across the globe. Owing to the superior qualities such as fruity smell, amyl acetate is extensively used for preparing synthetic flavors of apple and banana and for 40 other complex flavors. Owing to its strong odor and low toxicity, amyl acetate is further used to detect flaws in gas seals used in respirators. It is widely used in application of varnishes, due to its high solubility. 

However, the significant difference in prices of amyl acetate compared to its alternatives may act as a restraining factor of the market. On the contrary, increase in investments by the retailers to rise in manufacturing capacity to develop the distribution networks to bring more customers have significantly contributed toward the growth of the global amyl acetate market.

The Asia-Pacific region accounts for the major part of the global amyl acetate market, owing to rapid industrialization in the emerging economies such as India and China and availability of cheap labor in these regions. Moreover, several countries in the Middle East depend on China for the import of amyl acetate to meet their demand, which propels the market growth.

Key segments covered

                 Segment

                                  Subsegment

  Type

  • Natural
  • Synthetic

  Application

  • Flavoring Agent
  • Solvent
  • Others

  Industry Vertical

  • Paints & Coatings
  • Food & Beverages
  • Healthcare
  • Personal Care
  • Others

 

Key benefits of the report

  • This study presents the analytical depiction of the global amyl acetate industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global amyl acetate market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global amyl acetate market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed market analysis on the basis of competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global amyl acetate market research report:

  • Which are the leading market players active in the global amyl acetate market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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