Market Overview:

Ethyl Acetate Market is used in diverse applications, which is capable of offering quick evaporating nature, flavor, and fragrance, and extended shelf life to the final product. Thus, they are used in various applications such as food & beverage, pharmaceutical, cosmetics, textiles, paints & coatings, adhesives & sealants, and others. The global ethyl acetate market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major share of the global market and is projected to continue leading owing to the increasing consumption of ethyl acetate in food & beverage, pharmaceutical, cosmetics, textiles, and others. It is estimated that the food & beverage segment is set to observe the highest CAGR in the market due to the growing use of the product in flavored candy, baked food, gum, and others. Moreover, the increasing demand for ethyl acetate in cosmetics, pharmaceutical, and paints & coatings sectors have propelled the market to witness a rapid growth during the forecast period. These factors have led to China, India, and Japan to be the major players of this region.

The North American market is expected to grow at a higher CAGR due to extensive consumption of ethyl acetate in decaffeination process of coffee, tea leaves, and cocoa. The U.S., Canada, and Mexico have achieved a significant place in the market due to the growing investments in the end-use industries. Therefore, the growing demand for ethyl acetate as a solvent, intermediates and cleansing agents in the major sectors are estimated to drive the market during the forecast period.

A notable development is achieved in Europe due to the growing demand for ethyl acetate in cosmetics, adhesives & sealants, paints & coatings, sectors, and others. The rapid urbanization coupled with changing lifestyles have propelled the market to witness a higher growth. Thus, countries such as Germany, the U.K, and Italy are the major contributors to this market.

A considerable development is predicted in the Latin American region such as in Brazil, Uruguay, and Argentina due to the growing consumption of the product in paints & coatings, adhesives & sealants, textiles and pharmaceutical sectors. Moreover, a rapid development is estimated in the Middle East & African region such as Qatar, the U.A.E, and others due to increasing demand for ethyl acetate in major industries. 

Segmentation

The global Ethylacetate is segmented into the application. On the basis of the application, the market is further segregated into food & beverage, pharmaceutical, cosmetics, textiles, paints & coatings, adhesives & sealants, and others.

Competitive Analysis

Some of the well-known players operating in the global ethyl acetate market are INEOS (Switzerland), Carbohim – Wood and Chemical Company (U.S.), Jubilant Life Sciences Ltd (India), Celanese Corporation (U.S.), EniChem (Italy), SEKAB (Sweden), PT. Indo Acidatama Tbk (Indonesia), Chiba Ethyl Acetate Co., Ltd (China), The Nippon Synthetic Chemical Industry Co., Ltd (Japan), and Dairen Chemical Corporation (Taiwan) among others.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

Related Report:

https://www.marketresearchfuture.com/reports/cobalt-market-6549

https://www.marketresearchfuture.com/reports/overhead-cranes-market-8265

https://www.marketresearchfuture.com/reports/cosmetics-personal-care-ingredients-market-3889

https://www.marketresearchfuture.com/reports/thermochromic-material-market-8285