Published by Coherent Market Insights
Posted on September 22, 2021
Ethyl acetate is a colorless liquid with a fruity smell. It is slightly soluble in water and soluble in most organic solvents such as alcohol, ether, and acetone. It is used as a solvent for wide range of applications across many industries such as food and beverages, pharmaceuticals, packaging, etc.
The global ethyl acetate market was pegged at 3.9 MMT in 2017, and is expected to register a CAGR of 6.0% in terms volume, during the forecast period (2018 – 2026), to reach 6.6 MMT by 2026.
In pharmaceuticals industry ethyl acetate is used as a medium of extraction in concentration and purification of antibiotics. It is also used as an intermediate in the production of drugs such as sulphamethoxazole, rifampicin etc. Ethyl acetate-based solvent adhesives exhibit a stronger bond strength and a higher resistance to peeling. Owing to low cost, low toxicity, and pleasant odor it is primarily used as solvent or a diluent for applications such as nail varnish removal or an additive in cigarettes. Ethyl Acetate has applications as a solvent in inks for flexographic and rotogravure printing. Other applications of ethyl acetate include adhesives, cleaning fluids, coated papers, photographic films and plates, and artificial leather.
Ethyl acetate is a popular solvent used in the manufacturing of nitrocellulose lacquers, thinners, and varnishes. Due to its high dilution ratio with both aliphatic and aromatic diluents, it is highly preferred organic solvent exhibiting low toxicity.
Asia Pacific held significant market share in the global ethyl acetate market in 2017, owing to rising demand for ethyl acetate from the packaging industry. Ethyl acetate is used in manufacturing of flexible packaging, polyester, and BOPP films.
Besides packaging, trend of online food deliveries and e-retail business in the region, is projected to drive growth of ethyl acetate market in the Asia Pacific during the forecast period due to rising demand from food and beverages industry.
However, replacement of solvent based coating with water-borne coatings may hamper growth of the ethyl acetate market during the forecast period.
Some manufacturers are adopting greener route to produce ethyl acetate. For instance, SEKAB supplies green ethyl acetate to customers with high environmental demands. It is manufactured from biologically created ethanol, which uses raw materials such as sugar cane, corn, beet, etc. and is produced with bio-based process energy. Ethyl acetate of premium pure quality is manufactured from cellulose-based 2nd generation ethanol, a waste product from existing cellulose production.
“Before Buying Check Our Discount For Your Better Business” https://www.coherentmarketinsights.com/insight/request-discount/2353
Major players operating in the global ethyl acetate market include Celanese Corporation, Eastman Chemical, Solutia, INEOS Group Limited, Rhodia Brasil, Showa Denko, Shanghai Wujing Chemical, and Sasol Limited.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Ethyl Acetate Market Developing Rapidly, Growth Forecast To 2027 appeared first on Gatorledger.
Ethyl acetate is a colorless liquid with a fruity smell. It is slightly soluble in water and soluble in most organic solvents such as alcohol, ether, and acetone. It is used as a solvent for wide range of applications across many industries such as food and beverages, pharmaceuticals, packaging, etc.
The global ethyl acetate market was pegged at 3.9 MMT in 2017, and is expected to register a CAGR of 6.0% in terms volume, during the forecast period (2018 – 2026), to reach 6.6 MMT by 2026.
In pharmaceuticals industry ethyl acetate is used as a medium of extraction in concentration and purification of antibiotics. It is also used as an intermediate in the production of drugs such as sulphamethoxazole, rifampicin etc. Ethyl acetate-based solvent adhesives exhibit a stronger bond strength and a higher resistance to peeling. Owing to low cost, low toxicity, and pleasant odor it is primarily used as solvent or a diluent for applications such as nail varnish removal or an additive in cigarettes. Ethyl Acetate has applications as a solvent in inks for flexographic and rotogravure printing. Other applications of ethyl acetate include adhesives, cleaning fluids, coated papers, photographic films and plates, and artificial leather.
Ethyl acetate is a popular solvent used in the manufacturing of nitrocellulose lacquers, thinners, and varnishes. Due to its high dilution ratio with both aliphatic and aromatic diluents, it is highly preferred organic solvent exhibiting low toxicity.
Asia Pacific held significant market share in the global ethyl acetate market in 2017, owing to rising demand for ethyl acetate from the packaging industry. Ethyl acetate is used in manufacturing of flexible packaging, polyester, and BOPP films.
Besides packaging, trend of online food deliveries and e-retail business in the region, is projected to drive growth of ethyl acetate market in the Asia Pacific during the forecast period due to rising demand from food and beverages industry.
However, replacement of solvent based coating with water-borne coatings may hamper growth of the ethyl acetate market during the forecast period.
Some manufacturers are adopting greener route to produce ethyl acetate. For instance, SEKAB supplies green ethyl acetate to customers with high environmental demands. It is manufactured from biologically created ethanol, which uses raw materials such as sugar cane, corn, beet, etc. and is produced with bio-based process energy. Ethyl acetate of premium pure quality is manufactured from cellulose-based 2nd generation ethanol, a waste product from existing cellulose production.
“Before Buying Check Our Discount For Your Better Business” https://www.coherentmarketinsights.com/insight/request-discount/2353
Major players operating in the global ethyl acetate market include Celanese Corporation, Eastman Chemical, Solutia, INEOS Group Limited, Rhodia Brasil, Showa Denko, Shanghai Wujing Chemical, and Sasol Limited.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Ethyl Acetate Market Developing Rapidly, Growth Forecast To 2027 appeared first on Gatorledger.
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