Ethyl Acetate Market – Overview:
The need for organic and economical compounds has
boosted the demand for the market for ethyl acetate. Market reports associated
with the chemicals and materials sector made accessible by Market Research
Future along with published reports on other sectors have been lately put out
along with a report on this industry. The market is anticipated t o grow at an
inspiring CAGR in the forecast period.
The market is favorably driven by the innovations
taking place in the ethanol dehydrogenation process which significantly
changing the quality of the end product. Factors such as rising personal care
concerns and varying lifestyle trends are creating favorable opportunities for
market expansion. The pharmaceutical segment is expected to contribute
favorably due to the mounting usage of ethyl acetate as an extraction agent
which will escalate following a rise in the manufacturing level of medicines in
the forecast period.
Global Key
Players:
ü
INEOS
ü
Carbohim – Wood and Chemical Company
ü
Jubilant Life Sciences Ltd
ü
Celanese Corporation
ü
EniChem
ü
SEKAB
ü
PT. Indo Acidatama Tbk
ü
Chiba Ethyl Acetate Co., Ltd
ü
The Nippon Synthetic Chemical Industry Co., Ltd
ü
Dairen Chemical Corporation
Segmental Analysis:
The Ethyl
Acetate Market is segmented on the basis of application. By
application, the market is segmented into segments such as pharmaceutical, food
& beverage, adhesives & sealants, cosmetics, paints & coatings,
textiles, and others.
Detailed
Regional Analysis:
The market is segmented into regions such as Latin America, North
America, Asia Pacific, Europe, and the Middle East & Africa. Among these
regions, the Asia Pacific region controls the key share of the market owing to
the increasing consumption of ethyl acetate in the pharmaceutical, food &
beverage, textiles, cosmetics, and others. The food & beverages segment
leads the major portion of the market and is expected to carry on its
domination in the market as a flavor enhancer and add diverse flavors to
various products in the industry. The North American region is rising radically
owing to an amplified consumption of ethyl acetate in the decaffeination
process to cut the caffeine content of coffee, cocoa and tea leaves. It is
forecasted that the rising investment in the end-use industries is expected to
direct the market growth through the forecast period. The European market has
also witnessed an outstanding level of growth owing to widespread use of ethyl
acetate in the production of beverages, wines, and others. The Latin American
region is likely to observe a predictable progress in the market owing to the
increasing consumption of ethyl acetate in paints & coatings industries and
textiles to impart aesthetic look and cost-effective nature to the product.
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