Ethyl Acetate Market Growing Technology Trends and Business Opportunities by 2025-Celanese Corporation, DAICEL CORPORATION, Eastman Chemical Company

Ethyl Acetate Market by Component, Application, Services, and Region- Forecast to 2025

The Global Ethyl Acetate Market Research Report 2021-2025 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Ethyl Acetate business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Ethyl Acetate worth chain and its wholesaler examination. Ethyl Acetate Market study gives extensive information which upgrades the agreement, degree, and use of this report.

The ethyl acetate market is expected to register a CAGR of over 4% during the forecast period.

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Top Leading Companies of Ethyl Acetate Market are Celanese Corporation, DAICEL CORPORATION, Eastman Chemical Company, INEOS, Jiangsu Sopo (Group) Co., Ltd., Jubilant Life Sciences, KAI CO., LTD., Sasol, Sipchem, Showa Denko K.K., Wuxi Baichuan Chemical Industrial Co. Ltd, Yip Chemical Holdings Limited, Linde plc (Praxair Technology, Inc.) and others.

-Industry News And Updates on Ethyl Acetate Market-

Asia-Pacific Region to Dominate the Demand

- Asia-Pacific is expected to dominate the demand for the market studied during the forecast period. Significant growth rates are expected to be witnessed in Asia-Pacific, owing to the increasing household incomes and urbanization rates in countries, such as China, India, and Malaysia, etc.

- China is the worlds second-largest economy in terms of growth, and the increasing level of income of the countrys population is further driving the economy. Though the economy witnessed a steady growth in the past years, it is likely to recover and expand at a significant rate.

- The demand for ethyl acetate in India has been growing at a steady rate in the recent past. Automotive, food and beverage, and furniture are the key end-user industries that occupy significant shares in the consumption of ethyl acetate in the country.

-Key Market Trends Ethyl Acetate Market-

Growing Demand from Paints and Coatings Application

- Ethyl acetate finds its uses in a variety of coating formulations, such as epoxies, urethanes, cellulosics, acrylics, and vinyl, in the paints and coatings industry. The major usage of ethyl acetate is as an activator and hardener in paints.

- The global paints and coatings market is growing at a healthy rate, majorly owing to the increasing housing construction activities in emerging economies of Asia-Pacific, along with a rise in automotive production in Asia-Pacific and Europe.

- With the increasing housing construction, population, and income-levels in countries, such as India, China, Mexico and Brazil, the demand for furniture is increasing at a healthy rate. This scenario is expected to increase the demand for wood coatings, in turn, boosting the consumption of ethyl acetate used for the formulation of these coatings.

-Competitive Landscape On Ethyl Acetate Market-

The ethyl acetate market is partially consolidated in nature. Some of the major players of the market studied include INEOS, Sipchem, Celanese Corporation, and Eastman Chemical Company, among others.

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