Detailed Regional Analysis
The market is segmented into regions such as Latin America,
North America, Asia Pacific, Europe, and the Middle East & Africa. Among
these regions, the Asia Pacific region controls the key share of the market
owing to the increasing consumption of Ethyl Acetate Market in the
pharmaceutical, food & beverage, textiles, cosmetics, and others. The food
& beverages segment leads the major portion of the market and is expected
to carry on its domination in the market as a flavor enhancer and add diverse
flavors to various products in the industry.
The North American region is rising radically owing to an
amplified consumption of ethyl acetate in the decaffeination process to cut the
caffeine content of coffee, cocoa and tea leaves. It is forecasted that the
rising investment in the end-use industries is expected to direct the market
growth through the forecast period. The European market has also witnessed an
outstanding level of growth owing to widespread use of ethyl acetate in the production
of beverages, wines, and others. The Latin American region is likely to observe
a predictable progress in the market owing to the increasing consumption of
ethyl acetate in paints & coatings industries and textiles to impart
aesthetic look and cost-effective nature to the product.
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Competitive Analysis
The noteworthy success factors in the market are
accomplished without difficulty in the market which is contributing to a raised
tempo of progress in the forecast period. The innovation in products and
services of the markets will modify the progression of the market notably. The
market pull and competitors’ propensities are markedly enhanced by the
strategies that are being used by market competitors.The heightened level of
prominence placed on the variants of the products is growing the number of
customers in the market appreciably.
· Jubilant Life Sciences
Ltd
· The Nippon Synthetic
Chemical Industry Co., Ltd
· EniChem
· Celanese Corporation
· PT. Indo Acidatama Tbk
· INEOS
· Carbohim – Wood and
Chemical Company
· SEKAB
· Chiba Ethyl Acetate
Co., Ltd
· Dairen Chemical
Corporation
TABLE OF CONTENTS
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.2 Manufacturers/Producers
4.1.3 Distributors/Retailers/Wholesalers/E-Commerce
4.1.4 End Use
4.2 Porter’s Five Forces Analysis
4.2.1 Threat Of New Entrants
4.2.2 Bargaining Power Of Buyers
4.2.3 Bargaining Power Of Suppliers
4.2.4 Threat Of Substitutes
4.2.5 Intensity Of Competitive Rivalry…..to be continued
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Among the various segments of the Ethyl Acetate Market, the
food & beverage segment holds the major portion and is anticipated to
continue its dominance as a flavor enhancer in the food production. This
product is mainly used in the production of various flavors such as pineapple,
bananas, strawberries, and others. It is predicted that the cosmetics segment
is set to grow at a higher CAGR due to increasing consumption of ethyl acetate
in beauty products such as lip products, nail products, and hair color products
to add fragrance, and cost-effective nature to the product. The pharmaceutical
segment is projected to expand at a significant rate due to growing use of
ethyl acetate as an extraction agent, intermediate in the industry.
Additionally, the extraction agents and intermediates are used widely in the
production of medicines. Ethyl
Acetate Market is used in numerous coating formulations such as
epoxies, urethanes, cellulosic, acrylics, vinyl, and others. Therefore, these
factors are projected to drive the paints & coating segment during the
forecast period.
Segmental Analysis:
The Ethyl Acetate Market is segmented on the basis of application. By
application, the market is segmented into segments such as pharmaceutical, food
& beverage, adhesives & sealants, cosmetics, paints & coatings,
textiles, and others.
Market Insights:
Ethyl acetate is an organic compound produced by Fischer
esterification reaction between ethanol and acetic acid or ethanol
dehydrogenation process. The ethanol dehydrogenation process is considered as
an economical one and widely used in a chemical plant. It is colorless and
possesses a sweet smell. Moreover, changing lifestyle and growing personal care
concerns are the important trends and factors promoting the market growth
positively. Therefore, they are used in various applications such as food &
beverage, pharmaceutical, cosmetics, textiles, paints & coatings, adhesives
& sealants, and others.
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