The global propyl acetate market size is expected to reach a valuation of US$ 418.6 Mn by the end of 2022. Sales of propyl acetate are likely to expand at a CAGR of 5.4% from 2022 to 2032. The global market is projected to top a valuation of US$ 706.3 Mn by the end of 2032. Growing demand for propyl acetate from the printing ink industry as a slow evaporation solvent is anticipated to drive the market during the projected period.

Propyl Acetate is a chemical compound used as a solvent and an example of an ester. This clear, colorless liquid is known by its characteristic odor of pears. Due to this fact, it is commonly used in fragrances and as a flavor additive. It is formed by the esterification of acetic acid and 1-propanol (known as a condensation reaction), often
via Fischer–Speier esterification, with sulfuric acid as a catalyst and water produced as a byproduct. Propyl Acetate mainly used as solvent in printing inks, especially in flexographic and special screen printing inks, also used as a safe and pro-environment solvent for food package printing ink industry and used in PTA(purified tereph-thalic acid) industry. With strong ability to dissolve many natural and synthetic resins (e.g. cellulose nitrate, acrylates, alkyd resin) Coatings for automotive and plastic Solvents for cosmetics and personal care, for fragrances.

Propyl acetate, which is also known as propyl ethanoate, is an ester of acetic acid and n-propanol. It is a clear, colorless liquid with a characteristic odor of peers and raspberry. Propyl acetate is miscible with a wide variety of typical solvents, including alcohols, ketones, aldehydes, and glycol ethers, although in water it is only sparingly soluble. Additionally, due to the presence of higher alkanes, it offers a slow rate of evaporation when used as an industrial solvent. Owing to these characteristics, propyl acetate is primarily implemented as a solvent for liquid, flexographic, and rotogravure printing inks. In the cosmetics industry, it is used to make aerosol sprays, nail care products, cosmetics, and fragrances.

The growth of the propyl acetate market is primarily driven by the printing ink industries. Globally, these industries consume up to a one-third portion of the propyl acetate and are expected to soar the demand in the forecast period. The market for propyl acetate is directly impacted by expansion in the printing ink sector. The printing industry uses propyl acetate extensively as a solvent, mostly for flexographic and screen printing inks. It can thin a variety of different organic compounds, making it a useful solvent for this sector of the economy.

Particularly in emerging economies such as China and India, need for inks for paper media and packaging is surging. The conventional ethyl acetate solvent in flexographic printing consumes more solvent, more ink, and requires flame retardants which hikes the printing costs. However, with the use of propyl acetate, high-quality flexography printings can be achieved with the consumption of 33% lesser solvent and 25% lesser ink which subsequently turns down the printing cost. Thus, due to these improved benefits over ethyl acetate, propyl acetate is quickly replacing it in the printing ink sector and will continue its growth in the forecast period.