Ethyl Acetate Market Overview:
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Ethyl Acetate Market size was valued at US$ 1.24 Bn. in 2021 and the total Ethyl Acetate revenue is expected to grow by 8.4% from 2022 to 2029, reaching nearly US$ 2.36 Bn.
MMR research analysis provides a unique and detailed report that helps you to perform detailed research on the Ethyl Acetate market and make decisions on the future growth factors. The market report provides an insight into the development of the Ethyl Acetate market through the forecast period.
Within the synopsis report, each phase of the world market is examined in detail. The regional study of the world market will help the readers in gaining an understanding of the developments of the various geographic markets in recent years and moving forward. The analysis also includes a wide-range summary of the dynamics of the world Ethyl Acetate market, such as market influence and market result factors, drivers, threats, constraints, trends, and prospects, alternate styles of analysis, like qualitative and quantitative, also are included within the analysis.
Objectives of the Report:
To give an in detail analysis of the key factors that influence the growth of the Ethyl Acetate market. It also focuses on the key players of the Ethyl Acetate market, to define, describe and analyze the volume, value, shares, market competition, SWOT analysis, PESTAL analysis, and development plans. The report also helps to understand development factors like expansion, acquisition, agreement, etc. in the market.
Dynamics:
Ethyl acetate’s producers believe it to be one of the least harmful chemicals. Even though it is simple to separate in both air and water, it is still useful. With the least amount of toxicological effects possible, the manufacturing processes are carried out in a closed-loop system using sustainable bioenergy.
When making powders, fragrances, and other products, ethyl acetate can be used as a gelling agent. For a few ingredients, ethyl acetate can be used in perfumes. The quick skin dissolution of ethyl acetate, which allows the scent’s aroma to linger on the skin without leaving any unfavourable residue like a slick or alcoholic buildup, is one of the main reasons it is used in perfumes.
Segmentation:
The food and beverage segment is anticipated to expand at a CAGR of 7.1% over the course of the forecast period, according to end-use industry. Due to their low toxicity, pleasant odour, and low price, a variety of food products, including fruits, dairy, meat, and vegetables, are being used more frequently, which can be attributed to the growth prospects.
During the forecast period, the pharmaceutical segment is anticipated to expand at a CAGR of 8.1%. Ethyl acetate is widely used in the pharmaceutical industry despite its low purity; it is also used for purifying and concentrating antibiotics. Solvent extraction has a variety of uses in the pharmaceutical industry due to its flexibility and ability to process materials that are sensitive to heat.
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Key Players:
• Jubilant Pharmova Limited (India)
• Ashok Alco – chem Limited (India)
• Kanoria Chemicals & Industries Ltd. (India)
• GODAVARI BIOREFINERIES LTD. (India)
• Shandong Jinyimeng Group Co. Ltd. (China)
• Jiangsu SOPO (Group) Co., Ltd. (China)
• DAICEL CORPORATION (Japan)
• SHOWA DENKO K.K. (Japan)
• Nippon (Japan)
• KAI CO., LTD. (South Korea)
• Yip’s Chemical Holdings Limited (Hong Kong)
• LCY GROUP (Taiwan)
• PT. Indo Acidatama Tbk (Indonesia)
• Celanese Corporation (US)
• Eastman Chemical Company (US)
• Innospec Inc (US)
• Solventis Ltd (UK)
• INEOS Group Limited (UK)
• Merck KGaA (Germany)
• Arkema Group (France)
• Sekab Biofuels & Chemicals AB (Sweden)
• Sipchem (Switzerland)
• Clarient AG (Switzerland)
• Solvay (Belgium)
• Sasol Ltd. (South Africa)
Regional Analysis:
Based on the regions the market is studied across
- Asia-Pacific (Vietnam, Malaysia, Korea, China, Philippines, Thailand, Indonesia, and India, Japan, Australia).
- Africa and the Middle East (Egypt and GCC Countries).
- North America (Canada, the United States, and Mexico).
- South America (Brazil etc.).
- Europe (France, Italy, Germany, Russia, UK, Turkey, etc.).
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IMPACT of COVID-19 on the Ethyl Acetate Market:
COVID-19 has affected the world with its fast-spreading effects all over the world. It has affected every industry and business except for the medical and health industry which is working 24/7 to stop the spread of COVID-19, they are working hard to save the lives of people. As mentioned before many industries are suffering in this COVId-19 times, Ethyl Acetate market is also one of them. Our team here at the MMR has worked hard to provide solutions to these issues that will help your business.
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