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Ethyl Acetate Market Analysis, Company Profiles, Competitive Landscape and Key Regions Analysis Available at Fortune Business Insights

The global ethyl acetate market size is expected to reach USD 4,368.9 million by 2027, exhibiting a CAGR of 9.07% during the forecast period. The growing application of ethyl acetate in the paints & coatings industry is expected to foster healthy growth of the market, states Fortune Business Insights, in a report, titled “Ethyl Acetate Market Size, Share & COVID-19 Impact Analysis, By Application (Paints & Coating, Printing Ink, Process Solvent, Food & beverage, and Others), and Regional Forecas


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Ashwini Bhamare

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The global ethyl acetate market size is expected to
reach USD 4,368.9 million by 2027, exhibiting a CAGR of 9.07% during the
forecast period. The growing application of ethyl acetate in the paints &
coatings industry is expected to foster healthy growth of the market, states
Fortune Business Insights, in a report, titled “Ethyl Acetate Market Size,
Share & COVID-19 Impact Analysis, By Application (Paints & Coating,
Printing Ink, Process Solvent, Food & beverage, and Others), and Regional
Forecast, 2020-2027.” The market size stood USD 3,323.2 million in
2019.



We are making endless efforts to uplift businesses in this crucial
need of the hour. Our expertise and experience can offer enormous benefits to
help regain during this global pandemic. 



The catastrophe caused by coronavirus has disrupted the supply
chain of every industry around the world. We understand that this health
emergency has negatively impacted various sectors across the globe. Rising
support from governments and several companies can help in the fight against
this highly infectious virus. Some industries are struggling and some are
thriving. More or less, nearly every sector is estimated to be impacted by this
pandemic.



Browse In-depth Summary of This Research Insight@



https://www.fortunebusinessinsights.com/ethyl-acetate-market-104056



 



The Report Lists the Main Companies in this Market:




  • INEOS (UK)

  • Celanese (US)

  • Eastman Chemical
    (US)

  • Jiangsu Sopo
    (China)

  • Jiangmen
    Handsome (China)

  • Wuxi Baichuan
    (China)

  • Jubliant (India)

  • GODAVARI
    BIOREFINERIES LTD. (India)

  • Sekab (Sweden)

  • Korea Alcohol
    (South Korea)

  • IOL Chemicals
    and Pharmaceuticals (India)

  • Other players



The report on the ethyl acetate market includes:




  • An excellent
    report on the market

  • Vital stats
    about main regions

  • Recent
    developments

  • Wide-ranging
    data about eminent players

  • COVID-19 impact
    on the market



Hindered Import and Export Activities to Deteriorate Business Amid
Coronavirus



The weak demand for ethyl acetate due to coronavirus has resulted
in an enormous loss for the market. The restrictions imposed by the governments
on import and export activities has further obstructed the growth of the
market. For instance, China is the largest producer and exporter is facing a
trade war with the US which has further impacted its exports. However, the
demand for ethyl acetate from the packaging industry has remained poised owing
to the essential supply of packaged food during coronavirus. Besides, the
weakened construction industry on account of labor shortage can consequently
impede business proceeding for the market in the near future.



Regional Analysis:



High Production of Ethyl to Promote Growth in Asia Pacific



The market size in Asia Pacific stood at USD 2,312.3 million in
2019 and is expected to dominate the global market owing to the growing
production of chemicals in China, India, Indonesia, Taiwan. China is the
largest manufacturer and exporter of ethyl acetate in the world. In India,
sugarcane molasses is the largest source of ethanol production, thus aiding in
ethyl acetate creation in large quantities. Moreover, India exports substantial
quantities of ethyl acetate to Europe. The ongoing export activities will back
the growth of the market in Asia Pacific. Europe is expected to exhibit a high
growth rate owing to the increasing consumption of ethyl acetate. The presence
of major paints & coating manufacturing companies such as Akzo Nobel, BASF,
Jotun, and others will further foster growth in the region. The market in North
America is expected to hold a relatively small market share compared to other
regions.



Market Driver:



Growing Utilization of Printing Ink to Support Development



The developing printing ink industry in various regions around the
world will contribute positively to the growth of the market. The growing
consumption of ethyl acetate in the manufacturing of printing ink will foster
the healthy growth of the market. The evolving lifestyle of people will
influence the healthy growth of the market. The increasing juggernaut
production capacities of required solvents such as ethyl solvents used in the
manufacturing of printing ink will have a tremendous impact on the market. Moreover,
the desired properties of ethyl acetate make it ideal for manufacturing both
flexographic and rotogravure printing inks. Hence, the growing demand for
flexographic and rotogravure printing inks will simultaneously enable speedy
expansion of the market in the forthcoming years.



Key Development:



August 2019: Celanese Corporation, a
renowned player in the ethyl acetate market, announced that it has increased
the price of its ethyl acetate product in the European market. It increased the
cost by around EUR 110 per ton.







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