my country’s isopropyl acetate production continues to increase and market concentration is high

Isopropyl acetate, also known as isopropyl acetate, is an important organic chemical. It appears as a colorless, flammable, fruit-flavored liquid at room temperature and has excellent alkali resistance. Isopropyl acetate has good dissolving ability for a variety of synthetic resins and natural resins. It is not only miscible with most organic solvents such as ether and alcohol, but also miscible with water, so it is also known as the “universal solvent”. Isopropyl acetate is widely used in pesticides, coatings, inks, medicine, chemicals, petroleum and other fields due to its excellent properties.

At present, the production technology of isopropyl acetate in my country is relatively mature and can be roughly divided into alcohol esterification method and propylene addition method. Among them, the alcohol esterification method uses acetic acid and isopropyl alcohol as raw materials, performs an esterification reaction under the action of a catalyst, and then produces high-purity isopropyl acetate through distillation, purification and other processes; the propylene addition method uses acetic acid and Propylene is used as raw material, and isopropyl acetate is directly synthesized under an acidic catalyst. This method greatly improves the production efficiency, but it also produces certain side effects and requires strict control of reaction conditions.

Isopropyl acetate is mostly used in the production of coating solvents, ink printing, dehydrating agents, leather coatings, pesticides, pharmaceuticals and other products. From the perspective of the market structure of isopropyl acetate, pesticides and pharmaceuticals have become the largest application market, accounting for 68.9%; followed by inks, accounting for 15.6%; ranking third is coating solvents, accounting for 20% of the market. 10.2%; leather coating market share is 4.1%; dehydrating agent market share is 1.2%.

According to the “2023-2027 China Isopropyl Acetate Industry Market Status Comprehensive Research and Investment Prospects Forecast Report” released by the Industrial Research Center , with the continuous advancement of my country’s production technology level, the production process of isopropyl acetate has gradually matured, and the production cost has continued to decrease. It has been widely used in many fields such as coatings, inks, medicine, and chemicals, and the market demand has grown steadily. Against this background, my country’s isopropyl acetate output and production capacity have shown a gradual increase. From 2018 to 2022, my country’s isopropyl acetate production increased from 24,700 tons to 32,500 tons, with an average annual compound growth rate of 7.10%; production capacity increased from 38,700 tons to 64,700 tons, with an average annual compound growth rate of 13.71 %.

Industry analysts said that at present, my country’s isoacetate market is highly concentrated, and leading companies are gradually emerging. The largest isopropyl acetate companies in my country mainly include Shenghong Petrochemical, Zhongchuang Chemical, Jianye Chemical, Ruijia New Materials, Kailing Chemical, etc. Among them, Zhongchuang Chemical has the largest market share, accounting for 65.41%; followed by Kailing Chemical, with a market share of 14.72%; and Jianye Chemical, with a market share of 9.17%. In addition, there are many small and medium-sized enterprises in my country’s isopropyl acetate market. These enterprises have relatively weak production technology, aging production equipment, and low market competitiveness. As my country’s larger isopropyl acetate companies gradually expand and their market competitiveness gradually increases, the living space of small and medium-sized enterprises is gradually squeezed, and they will gradually be absorbed or disappear in the future. Market concentration will further increase.