Acetic Ether Market to Witness Widespread Expansion During 2017 - 2027
Major end user industries for acetic ether include perfume, varnishes and plastics among others. Plastics dominate the global demand for acetic ether; acetic ether is primarily employed as a solvent in the production of plastics. Increasing demand for paints is anticipated to drive the market growth during the forecast period. Food, printing and packaging are some other major end user industries for acetic ether.
Low production cost as compared to its substitute has been a major factor driving growth for acetic ether market. Major end user industries for acetic ether include perfume, varnishes and printing several other consumer segments. Therefore GDP growth rate and increasing disposable income in a region are among major factors fuelling growth for acetic ether market. Growth in several end user segments such as laboratory experiments and wine are some other growth drivers for the industry. Acetic ether has high flammability and has to be handled with utmost care during transportation and storage. Acetic ether has also been reported to cause several health hazards such as skin irritation, vomiting and dizziness among others. The health hazards have led to several government regulation in the acetic ether market which have been major factors restraining growth for the acetic ether market. Research and development activities to increase the application scope for acetic ether are expected to offer huge growth opportunity in the market.
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North America followed by Europe dominates the global acetic ether market in terms of consumption and the trend is expected to continue during the forecast period. Acetic ether market growth in North America and Europe is anticipated to grow at sluggish rate mainly owing to market saturation in end user industries. High number of government regulations is among other factors restraining growth for acetic ether market in North America and Europe.
Asia Pacific is expected to be the fastest growing region for acetic ether market. Huge population and high GDP growth rate in the emerging economies of India and China are among major factors driving growth for acetic ether market in Asia Pacific. Moreover high industrial investment and increasing disposable income of people in the region has led to high growth in several end user industries such as paints and perfumes among others. Therefore, Asia Pacific is anticipated to be the fastest growing region for acetic ether market for a foreseeable future. Demand from developing economies in South America and Africa are anticipated to offer huge growth opportunity for acetic ether market.
Acetic ether market is highly fragmented and dominated by regional players. The market is characterized by high degree of competition and major players compete by price differentiation thus increasing price sensitivity. Major players in the acetic ether market include Eastman Chemical Company, Sasol, GFS Chemicals, Inc, Mil-Spec Industries Corp, Wego Chemical & Mineral Corp, Alfa Chemical Corp, Spectrum Chemicals & Laboratory Products, Eastman Chemical Co, Laxmi Organic Industries Ltd, Jubilant Organosys Ltd among others.
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