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Ethyl Acetate Market

Mar 19th 2020 at 11:51 PM

Ethyl Acetate Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2027, at a 5.9% CAGR during a forecast period

Ethyl Acetate Market

Ethyl Acetate Market

 

Ethyl acetic acid is an ester complex which is synthesized from esterification of ethanol and acetic acid in the presence of a strong acid. It is utilized as a solvent for varnishes, finishes, cleaning, and nitrocellulose. Ultra-pure ethyl acetic acid is employed as a nail polish remover and cleaning of electric circuit sheets. Low purity ethyl acetic acid can be utilized in pharmaceuticals, scents, printing inks, and foods. It can be utilized as a solvent for herbicides and in decaffeination of tea and coffee. Ethyl acetic acid is utilized in covering formulations for wood furniture, manufacturing of instruments, mining hardware, farming hardware, and marine equipment.

The scope of the report includes a comprehensive study of global as well as regional markets for Ethyl Acetate with the rationales given for variants in the growth of the industry in certain regions.

The ethyl acetate market is mainly propel by its high demand in key end-use industries. It has uses as an activator and harder in paints and a range of coating formulations such as epoxies, urethanes, cellulosic, acrylics, and vinyl, due to its greater performance, less harmfulness, low odor, and inexpensive. The necessity for ethyl acetate is growing because of its raising applications in coating formulations for wood furniture, manufacturing of instruments, mining hardware, farming hardware, and marine equipment. Among end-use industries, food and beverages industries are highly utilize the ethyl acetate as flavor enhancer, due to this, it held the maximum volume share in the ethyl acetate market in 2018. Increasing requirement of ethyl acetate in food & beverages industries are anticipated to amplify growth of the ethyl acetate market.

Ethyl acetate is utilized in the solvent cast process for making flexible packaging sheets. Flexible packaging is highly versatile, existing in various sizes, low cost, has a long shelf life, and can be recycled and hence, it is extensively employed in the packaging industry. Therefore, growing demand for flexible packaging propels the ethyl acetate market. This trend is anticipated to remain throughout the forecast period, as the demand for flexible packaging is growing due to the emergence of e-commerce and e-retail companies. On the other hand, the inconstancy in raw material costs and long term exposure of ethyl acetic acid causes nose, eye, and throat irritation along with other health-related problems are the factors which impedes the market growth in forecast period.

In Ethyl acetate market report, the End-User Industry segment comprises Artificial Leather, Pharmaceuticals, Printing Inks, Food and Beverage, Packaging and Others. The Food and Beverage sub-segment held a leading shares due to higher utilization of ethyl acetate as flavor enhancer and Flexible packaging. The Application segment is comprises Food & Beverages, Printing Inks, Cosmetics, Paints & Coatings, Adhesives, Pharmaceuticals, Herbicides and Others. The Paints & Coatings sub-segment holds significant share of the market, due to its low toxicity, odorless and increased usage in manufacture of paints, coatings, and varnishes.

Based on regional segment, the Ethyl Acetate Market is sub-segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In terms of profits, Asia Pacific recognized a noticeable share of the Ethyl Acetate Market due to the low production cost of Ethyl Acetate and growth in large-volume exports of Ethyl Acetate by China. The Asia Pacific market is projected to surge at a rapid pace throughout the forecast period. North America and Europe also held a substantial share of the Ethyl Acetate Market and these regions is likely to enlarge at an adequate pace throughout the projected period.

In ethyl acetate market, North America and Asia Pacific are prominent regions in terms of volume. Asia Pacific is estimated to growth at a noteworthy pace in ethyl acetate market during the projected period, in terms of value. The market in Middle East & Africa is projected to grow substantially throughout the forecast period due to the increase in the industrialization and rise in demand for these solvents for production of printing inks, varnishes and protective coatings for applications in industries like building & construction and Printing Inks in the region.

The China, India, Japan, and ASEAN are expected to grow at a considerable pace in ethyl acetate market during the forecast period due to the rise in demand for ethyl acetate in several applications like food & beverage, cosmetics, printing inks, and pharmaceuticals.

The report covers the market leaders, followers and new entrants in the industry with the market dynamics by region. It will also help to understand the position of each player in the market by region, by segment with their expansion plans, R&D expenditure and organic & in-organic growth strategies. For example, in 2018, East Penn Manufacturing Co. announced the opening of its Oelwein Fill, Form, and Finish and Distribution facility. Long term association, strategic alliances, supply chain agreement and M&A activities are covered in the report in detail from 2014 to 2019.

Expected alliances and agreement in forecast period will give future course of action in the market to the readers. More than ten companies are profiled, benchmarked in the report on different parameters that will help reader to gain insight about the market in minimum time.

The objective of the report is to present a comprehensive analysis of the Ethyl Acetate Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by Vehicle. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by Vehicle on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Ethyl Acetate Market dynamics, structure by analyzing the market segments and project the Ethyl Acetate Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Ethyl Acetate Market make the report investor’s guide.

For more information to visit:https://www.maximizemarketresearch.com/market-report/ethyl-acetate-market/41790/


Scope of the Ethyl Acetate Market

Ethyl Acetate Market, By End-User Industry

• Food and Beverage
• Pharmaceuticals
• Printing Inks
• Artificial Leather
• Packaging
• Others
Ethyl Acetate Market, By Application

• Printing Inks
• Adhesives
• Cosmetics
• Paints & Coatings
• Pharmaceuticals
• Food & Beverages
• Herbicides
• Others
Ethyl Acetate Market, By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Ethyl Acetate Market

• Celanese Corporation
• Eastman Chemical Company
• INEOS
• Jubilant Life Sciences
• Lonza
• Sekab Biofuels & Chemicals AB
• PT. Indo Acidatama Tbk
• Solvay
• Merck KGaA
• Shandong Jinyimeng Group Co. Ltd.
• DAICEL CORPORATION
• KAI CO., LTD.
• Sipchem
• SHOWA DENKO K.K.
• Jiangsu SOPO (Group) Co., Ltd.
• Ashok Alco - chem Limited
• Solventis Ltd.
• Kanoria Chemicals & Industries Limited
• Yip's Chemical Holdings Limited
• GODAVARI BIOREFINERIES LTD.
• Sasol Ltd.
• Eastman Chemical Co.
• Sigma-Aldrich Corp.
• Jubilant Life Science Ltd.
• Jinyimeng Group Co. Ltd.
• Wood and Chemicals
• Nippon
• Lee Chang Yung
• Shanghai Wujing

This Report Is Submitted By : Maximize Market Research Company

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