360 MARKET UPDATES Report provides a 360-degree overview of the global Ethyl Acetate Market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Report Title: “Global Ethyl Acetate Market – Segmented by Application, End-User and Geography – Growth, Trends, and Forecast (2018 – 2023)”
Global “Ethyl Acetate Market” is expected to register a CAGR of approximately 5.8% during the forecast period of (2018 – 2023). Also, Ethyl Acetate Market report provides the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Ethyl Acetate Analysis.
Ethyl Acetate market Report provides a 360-degree overview of the global Ethyl Acetate market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Ethyl Acetate Market Report Covers Leading Manufacturers: BP, Celanese Corporation, Daicel Corporation, Dhampur Sugar Mills Ltd., Eastman Chemical Company, Ercros (Euro Chlor), Godavari Biorefineries, Gujarat Narmada Valley Fertilizers & Chemicals Ltd., INEOS Group Limited, Jiangsu Sopo (Group) Co., Ltd., Jinyimeng Group Co. Ltd., Jubilant Life Science, Korea Alcohol Industrial Co., Ltd., Laxmi Enterprise, LCY Chemical Corp., Merck KGaA, Nippon Gohsei Co. Ltd., Rhodia S.A. (Solvay), Sasol Limited, Showa Denko(SDK), Sipchem, Wuxi Baichuan Chemical Industrial Co., Ltd.
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The global ethyl acetate market is estimated to witness a CAGR of 5.8% during the forecast period. Asia-Pacific is expected to lead the market in both production as well as consumption during this period. Increasing investments and strong growth in the end-user industries, such as food & beverage, paints & coatings, cosmetics, pharmaceutical, plastics, packaging, etc. in the region is expected to drive the market
Growing Demand for Flexible Packaging
Flexible packaging has established itself as the most sought after form in the packaging industry, owing to the benefits, such as greater flexibility, comparatively low cost, light weight of the products, different sizes, shelf life, and ease of recycling. All such benefits of flexible packaging have been increasing its application in various industries. In the past few years, it has been noticed that industries have started preferring flexible packaging, to rigid packaging. Ethyl acetate is used as solvent for high-resolution printing inks and laminated adhesives in all kind of flexible packaging and plastic films, owing to its fast evaporating properties. Therefore, the rising demand for flexible packaging is driving the demand for ethyl acetate market. The trend is expected to continue during the forecast period, as the demand for flexible packaging has been increasing with the emerging e-commerce and e-retail business.
Food & Beverage serves as the Largest End-user
Among various end-user industries, food & beverage is expected to dominate the demand for ethyl acetate, owing to its wide application as flavor enhancer in the food & beverage industry. It is extensively used for providing various flavors, such as pineapple, bananas, strawberries, and others, to food products. Strong growth of food & beverage industry, especially in Asia-Pacific because of increasing trend of online food deliveries and e-retail business in the region, is projected to drive the demand for ethyl acetate market during the forecast period.
Asia-Pacific to Dominate the Market
Asia-Pacific is expected to dominate the market during the forecast period, followed by Europe and North America. Asia-Pacific has become one of the attractive markets for investment, owing to the presence of emerging economies, such as China, India, Indonesia, etc., in the region. The industries, such as food & beverage, pharmaceutical, plastics, paints & coatings, packaging, and automotive, have been witnessing substantial investments and have also been attracting foreign investments into the sectors. With growth in such industries, the demand for ethyl acetate is projected to increase noticeably in the region. Besides this, the demand for ethyl acetate in other regions, like Europe, Middle-East & Africa, and others, is expected to be driven by the growth in demand from food & beverage, automotive, pharmaceutical and other industries in the region.
Major Players – INEOS Group Limited, Celanese Corporation, Eastman Chemical Company, Jiangsu Sopo (Group) Co., Ltd. and Jinyimeng Group Co. Ltd, amongst others.
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Reasons to Purchase Ethyl Acetate Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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