Global Ethyl Acetate Market Size, Status, and Forecast 2029. In-depth research accumulated to offer Latest insights about acute features of the global Ethyl Acetate market. This report provides a detailed overview of key factors in the Ethyl Acetate Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. The impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Ethyl Acetate in a special period. This report also compares the markets of Pre COVID-19 and Post COVID-19. In addition, research considers the impact of COVID-19 on the regional economy.
Global Ethyl acetate Market was valued at USD 3059.79 million in 2021 and is expected to reach USD 4913.77 million by 2029, registering a CAGR of 6.10% during the forecast period of 2022-2029.
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Some of the major players operating in the Ethyl Acetate market
Celanese Corporation (U.S.), Eastman Chemical Company (U.S.), INEOS (U.K.) Jubilant Ingrevia Limited (India), Lonza (Switzerland), Sekab (Sweden), PT. Indo Acidatama Tbk (Indonesia), Solvay (Belgium), Merck KGaA (Germany), Shandong Jinyimeng Group Co. Ltd. (China), DAICEL CORPORATION (Japan), KAI CO., LTD. (South Korea), Sipchem (Saudi Arabia), SHOWA DENKO K.K. (Japan), Jiangsu SOPO (Group) Co., Ltd. (China), Ashok Alco – chem Limited (India), Solventis (U.K.), Kanoria Chemicals & Industries Limited (India), Yip’s Chemical Holdings Limited (China), among others.
Global Ethyl Acetate Market Scope
Application
End-Use Industry
Automotive
Distribution Channel
Drivers
In the pharmaceuticals industry ethyl acetate is used as a medium of extraction in concentration and purification of antibiotics. It is also used as an intermediate in the production of drugs such as sulphamethoxazole, rifampicin, etc. Ethyl acetate-based solvent adhesives exhibit a stronger bond strength and a higher resistance to peeling. Ethyl Acetate has applications as a solvent in inks for flexographic and rotogravure printing. Other applications of ethyl acetate include adhesives, cleaning fluids, coated papers, photographic films and plates, and artificial leather.
The properties such as the low cost, low toxicity, and pleasant odor it is primarily used as solvent or a diluent for applications such as nail varnish removal or an additive in cigarettes will further propel the growth rate of ethyl acetate market. Additionally, the improved economic conditions will also drive market value growth. The various government initiatives and the surging population are other market growth determinants that are projected to bolster the growth of the market.
Ethyl Acetate Market Country Level Analysis
Ethyl Acetate market is analyzed and market size, volume information is provided by country, site location and foundation type as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia Pacific dominates the market in terms of market share and market revenue and will continue to increase its dominance over the forecast period of 2022-2029. Market growth in this region is attributed to the presence of various emerging economies such as China, India, and Indonesia within the region. On the other hand, Europe is estimated to witness lucrative growth over the forecast period of 2022-2029 owing to major automobile manufacturing facilities in the region. Also, major industrial economies such as Germany, France, and United Kingdom are driving the demand for ethyl acetate in the region.
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