Ethyl Acetate Market is Projected to Grow at a CAGR of 4.50% by 2030 - ChemAnalyst
According to ChemAnalyst report, “Ethyl Acetate Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, Ethyl Acetate market has witnessed a considerable growth as it reached 3.2 million tonnes in 2020 and is expected to grow a healthy global CAGR of 4.50% in the forecast period. Continuously growing demand of Ethyl Acetate for the production of various coating formulations such as urethanes, epoxies, cellulosics, acrylics, vinyl, and others by the paints and coatings industry is likely to boost the global Ethyl Acetate market over the next ten years. The production of Ethyl Acetate is highly related with safety concerns on the human health before it can be further manufactured, which further enhances the compliance standards.
Read Full Report Here @ https://www.chemanalyst.com/industry-report/ethyl-acetate-market-632
Ethyl Acetate is an organic ester compound having the molecular formula C4H8O2. It is a flammable and colorless liquid, which has the characteristic of a sweet fruity smell. Ethyl Acetate, as also known as Ethyl Ethanoate, is an important commodity chemical used in various industrial and commercial applications. Ethyl Ethanoate is primarily used as solvents and diluents for cleaning mixtures, paints, coatings, varnishes, adhesives, lacquers and perfumes. It is extensively used as a component of nail polish removers and lacquer thinners. In laboratories, solvent of Ethyl Acetate is commonly used in thin-layer and column chromatography. Ethyl Ethanoate is manufactured by two methods including esterification of Ethanol and Acetic acid, and catalytic condensation of Acetaldehyde with Alkoxides. Although, in fruits it occurs naturally, where it is responsible for the taste and smell of the fruit.
Read Free Sample Report Online @ https://www.chemanalyst.com/ChemAnalyst/RequestForm
The global Ethyl Acetate market on the basis of end-use industries can be segmented into paints and coatings, food and beverages, automotive, construction, packaging, and others. Global demand of Ethyl Acetate is dominated by the paints and coatings industry as it is widely used in paints and coatings as an activator and hardener. Exponentially rising demand of Ethyl Acetate by the paints and coatings industry is likely to bolster in the forecast period as well due to increasing construction activities across the globe. Increasing demand of Ethyl Acetate in the food and beverage industry is expected to rise in the near future as it is acceptable for food applications like artificial flavor enhancer in confectionery items and decaffeinating tea and coffee. In emerging economies, the initiatives of government for the construction of commercial buildings, including hotels and resorts, are augmenting the demand for floor coatings, which will further boost the global market of Ethyl Acetate in upcoming years. Rising demand of Ethyl Acetate solvents by the packaging industries to manufacture flexographic and rotogravure inks, will fuel the global Ethyl Acetate market in the next few years. Owing to the robust demand of Ethyl Acetate by the pharmaceutical industry is expected to drive the global market of Ethyl Acetate in the future.
The outbreak of COVID-19 had a negative impact on the global Ethyl Acetate market. Several industries including paint and coatings, construction, printing, packaging, aerospace, and others were drastically affected due to interruptions in the global supply chain. There was a severe decline in the sales and demand of Ethyl Acetate solvents as many production units halted their operations during the first half of 2020. Once the restrictions imposed by the leading authorities are uplifted, major end-user industries including paints and coating and flexible packaging, will accelerate the demand of Ethyl Acetate around the world by the end of the year.
Among different regions, Asia Pacific region holds the major share of the global demand of Ethyl Acetate. Rapidly growing urbanization and income levels in populous countries like China and India, is driving the dominance of global Ethyl Acetate market in the Asia Pacific region and is forecasted to grow significantly until 2030. Rising construction activities in the Asia Pacific region will further augment the demand of Ethyl Acetate in the future. Expansion of major end-user industries including automotive, flexible packaging, paints and coatings is another factor driving the demand of Ethyl Acetate in the Asia Pacific region.
Key Players:
- Celanese Corporation
- Eastman Chemical Company
- INEOS Capital Limited.
- Jubilant Life Sciences Limited
- Sipchem
- Lonza
- Sekab
- Indo Acidatama Tbk.
- Solvay
- Merck KGaA
- Shandong Jinyimeng Group Co. Ltd.
- DAICEL CORPORATION, KAI CO., LTD., and Others.
“Rapidly growing demand for Ethyl Acetate by the flourishing paints and coatings industry as well as flexible packaging industry across the globe is likely to boost the global Ethyl Acetate market in the forecast period until 2030. Initiatives of the government for the construction of commercial buildings and building of smart cities in the Asia Pacific region, will further augment the market growth of Ethyl Acetate in the next few years. As China is the world's largest producer of automobiles, rising demand of Ethyl Acetate solvents by the automotive industry will flourish the global Ethyl Acetate market in upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
Report Scope:
In this report, Ethyl Acetate market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute | Details |
Market size volume in 2020 | 3.2 million tons |
Growth Rate | CAGR of 4.50% from 2021 to 2030 |
Base year for estimation | 2020 |
Historic Data | 2015 – 2019 |
Forecast period | 2022 – 2030 |
Quantitative units | Demand in tons and CAGR from 2021 to 2030 |
Report coverage | Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends |
Segments covered | 1.By End-Use (Paint and Coatings, Food and Beverage, Pharmaceuticals, Automotive, Packaging, and Others) 2.By Application (Adhesives, Paints and Coatings, Pigments, Process Solvents, Cleaning Mixtures and Others) 3.By Sales Channel (Direct Company Sale, Direct Import, Distributors & Traders) |
Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
Country scope | United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina |
Key companies profiled | Celanese Corporation, Eastman Chemical Company, INEOS Capital Limited., Jubilant Life Sciences Limited, Lonza, Sekab, PT. Indo Acidatama Tbk., Solvay, Merck KGaA, Shandong Jinyimeng Group Co. Ltd., DAICEL CORPORATION., KAI CO., LTD., Sipchem., and Others. |
Customization scope | Free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
TABLE OF CONTENTS:
- Global Ethyl Acetate Market Outlook, 2015-2030
- Capacity, By Volume
- By Company
- Production, By Volume
- By Company
- Operating Efficiency
- By Company
- Capacity, By Volume
- Global Ethyl Acetate Demand Outlook, 2015-2030, By Volume
- By End use
- By Application
- By Region
- By Company
- North America Ethyl Acetate Market Outlook, 2015-2030
- Capacity, By Volume
- By Country
- Production
- By Country
- Operating Efficiency
- By Country
- Capacity, By Volume
- North America Ethyl Acetate Demand Outlook, 2015-2030, By Volume
- By End use
- By Application
- By Country
View Full TOC @ https://www.chemanalyst.com/industry-report/ethyl-acetate-market-632
Browse Related Reports
Adhesives Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Form, Type, Application, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030
https://www.chemanalyst.com/industry-report/adhesives-market-105
Coating Additives Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030
https://www.chemanalyst.com/industry-report/coating-additives-market-562
About Us
ChemAnalyst is a leading provider of chemical commodity prices in more than 12 countries since from last 4 Years. The company has emerged as a preferred pricing supplier amongst Procurement Managers and Strategy Professionals globally who wants to track near real time prices of chemicals on its interactive dashboard. Unlike most of its competitors such as ICIS, IHS & S&P Platts the company doesn’t believe in delivering prices in PDF reports. The company has developed proprietary algorithm based online subscription platform in which users can track years of historical prices of more than 250 chemical commodities. In addition, since it’s all online, the users cannot just compare prices across multiple countries but also with other commodities and play with the data by generating multiple graphs to find out amazing insights. The users get access to grade wise CIF, CFR & Ex Works prices at multiple ports in each country.
ChemAnalyst also provides market analysis for more than 1000+ chemical commodities such as Production, Demand, Supply, Plant Operating Rate, Imports, Exports, Suppliers, Customers and much more. The company has created online interactive dashboard in which customers can access all this data instantly with a click of a button. The users will not only be able to analyse historical data for past years but will also get to analyse short term and long-term forecasts for coming years. With the access to local field teams, the company can provide high quality reliable market analysis data for more than 20 countries.
ChemAnalyst is a one stop solution for all the data related needs. We at ChemAnalyst are committed to assist customers worldwide with their data and insights needs using our comprehensive online platform.
For more information, please visit us at www.chemanalyst.com
Contact Us:
Nilesh Vishwakarma
B-44 Sector-57 Noida,
National Capital Region
Tel: 0120-4523948
Mob: +91-8882336899
Email: info@chemanalyst.com
%20Slurries%20Market.jpg)
Comments
Post a Comment