What is Ethyl Acetate?
Ethyl Acetate is an organic compound which is also known as ethyl ethanoate. It is usually found as clear or transparent liquid with a sweet fruity smell. It is produce by using ethanol and acetic acid as primary components. The compound is said to be highly flammable and volatile. The market of ethyl acetate is expected to grow fuelled by rising demand from end user industries such as food and beverages industry which uses it to make food additive solvents. Although the recent pandemic led to disruption in supply chains and high demand simultaneously, resulting in sharp surge of ethyl acetate prices in markets such as Asia, Europe and elsewhere. The harmful effects of ethyl acetate on direct contact with humans, acts as a hindrance to the growth of the market. Geographically, Asia Pacific is expected to be leading market of ethyl acetate.
The market study is broken down, by Application (Adhesives and Sealants, Paints and Coatings, Pigments, Solvents, Intermediates and Others) and major geographies with country level break-up.
Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Celanese Corporation (United States), Ineos Group Ltd. (United Kingdom), Eastman Chemical Company, DAICEL CORPORATION (Japan), Sasol Ltd. (South Africa), Linde plc (Ireland), Sipchem (Saudi Arabia), Jubilant Pharmova Limited (India), Jiangsu Sopo Co. Ltd. (China) and Showa Denko K.K. (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Wuxi Baichuan Chemical Industrial Co. Ltd. (China), Sekab (Sweden) and IOL Chemicals and Pharmaceuticals Ltd. (India).
AdvanceMarketAnalytics has segmented the market of Global Ethyl Acetate market by Type, Application and Region.
On the basis of geography, the market of Ethyl Acetate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel , the sub-segment i.e. Direct will boost the Ethyl Acetate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Powder will boost the Ethyl Acetate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Food and Beverage will boost the Ethyl Acetate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2019, Celanese Corporation, a US based Speciality Materials and Chemicals Company announced increase in prices of Ethyl Acetate in Europe by around Eur 110 per ton. This may be because of rising demand of ethyl acetate in the market.
- Ethyl Acetate Faced Sharp Surge in Prices by 40-45% due to Supply Chain Disruptions and Sudden Increase in Demand, in Recent Pandemic
- Increasing Demand in Food and Beverages Industry owing to its Applications as Food Solvent Additive and Artificial Flavour Enhancer
- Growth of Flexible Packaging Industry
- Coatings Application of Ethyl Acetate Presents Excellent Opportunities
- Rising Stringent Regulations on Resins, and Adhesives
- Water based Coating’s Rise in Popularity
- Harmful Impacts on Direct Contact Associated with Ethyl Acetate such as Eye Irritation
Key Target AudienceEthyl Acetate Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Celanese Corporation (United States), Ineos Group Ltd. (United Kingdom), Eastman Chemical Company, DAICEL CORPORATION (Japan), Sasol Ltd. (South Africa), Linde plc (Ireland), Sipchem (Saudi Arabia), Jubilant Pharmova Limited (India), Jiangsu Sopo Co. Ltd. (China) and Showa Denko K.K. (Japan) etc.
2. What would be the Market Size of Ethyl Acetate Market by 2026?
Analysts at AMA estimates Ethyl Acetate Market to reach USDXXX by 2026.
3. Can we have customized study for Ethyl Acetate Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.