Press release
Ethyl Acetate Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2031 | Celanese Corp, Daicel Corp, Eastman Chemical Company Wuxi Baichuan Chemical Industrial Co. Ltd.
Ethyl acetate market is anticipated to grow at a considerable CAGR of 4.9% during the forecast period. The growth in electric vehicles further presents new opportunities for the automotive sector market where the government rising initiatives play a major factor in driving the growth of the ethyl acetate market. For instance, in 2020, the United States Environmental Protection Agency (EPA) proposed technical changes to emissions testing protocols and compliance calculations for the Light-duty Greenhouse Gas (GHG) Emissions Standards and Fuel Economy Standards to provide a smooth transition from using test fuel with 0% ethanol (E0) to test fuel that contains 10% ethanol (E10).Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in March 2021, Celanese Corporation announced that its Clear Lake, Texas incorporated chemical production plant will start using recycled carbon dioxide (CO2) as a substitute feedstock in the fabrication of methanol, a vital raw material in the production of various acetyls products, including vinyl acetate monomer, ethyl acetate, acetic acid, and other derivatives. This carbon capture and reuse process are expected to produce sustainable methanol with a high capital efficiency at competitive pricing. Additionally, Celanese is committed to protecting the Earth's natural resources to fulfill their commitment, they are taking strategic steps aimed at reducing their operational impact globally and working with recycled CO2 at their Clear Lake facility.
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Market Coverage
The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered-
By Application
By End-Use
Regions Covered
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Celanese Corp, Daicel Corp, Eastman Chemical Company Wuxi Baichuan Chemical Industrial Co. Ltd.
Ethyl Acetate Market Report by Segment
By Application
Adhesives and Sealants
Paints and Coatings
Pigments
Process Solvents
Intermediates
Others
By End User
Automotive
Artificial Leather
Food and Beverage
Pharmaceuticals
Others
A full Report of Ethyl Acetate Market is Available @ https://www.omrglobal.com/industry-reports/ethyl-acetate-market
Ethyl Acetate Market Report by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East & Africa
Company Profiles
Ashok Alco - Chem Ltd
Celanese Corp
Daicel Corp
Eastman Chemical Co
Godavari Biorefineries Ltd.
Ineos Group Ltd
Jiangsu SOPO (Group) Co. Ltd
Jubilant Pharmova Limited
KAI Industries Co Ltd
Kanoria Chemicals & Industries Ltd
Linde plc
Lonza Group
Merck KGaA
Indo Acidatama Tbk
Sasol Ltd
Saudi International Petrochemical Co
Shandong Jinyimeng Group Co. Ltd.
SHOWA DENKO K.K.
Wuxi Baichuan Chemical Industrial Co. Ltd
Yip's Chemical Holdings Ltd
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Ethyl Acetate Price, Historical Charts, Forecasts & News
Product Name - Ethyl Acetate
HS Code - 29153100
Molecular Weight - 88.11g/mol
Chemical Formula - CH3COOC2H5
Synonyms - 141-78-6, Ethyl Ethanoate, Acetic Acid Ethyl Ester, Acetoxyethane, Acetic Ester
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability - Yes
Customization Scope - Our services can be customized as per the requirements of the customer
Post-Sale Analyst Support - 360-degree analyst support after service delivery
Region/Countries for which Data is available
Asia Pacific: China, India, Indonesia, Pakistan,…