According to the study, ‘Asia Ethyl Acetate (Ea) Industry Situation And Prospects Research Report’ the applications of ethyl acetate is split in the market as per demand such as chemical industry, pharmaceuticals, biotechnology, food industry and others. With the numerous applications the demand of the ethyl acetate in the market will increase in the forecast period. The key vendors are functioning with full efficiency so that they will be able to beat the demand of end-users with constant supply of the product. However, to demolish the demand of the product some of the key players are working in this industry very effectively such as INEOS, Celanese, Showa Denko (SDK), Jubilant, Laxmi, Rhodia(Solvay), Somaiya, Korea Alcohol, Sipchem, DAICEL, BP, Ercros, Eastman, Dhampur, Sasol, GNFC, LCY, KH Neochem, Sopo, Jinyimeng, Lianhai, Huayi, Xintiande and others. With all this report also provide the information about the competitors, key manufactures, suppliers and others. The key players formulate expansion strategies and policies for the growth of the market in the forecast period. However, the demand of the ethyl acetate has positively increased by the companies which are producing products related to the ethyl acetate. Significant usage of ethyl acetate in chemical industry, food industry and others has led to increase the demand of the product in the market. Ethyl acetate is used in various applications but the major portion is dominated by the demand of the product in the pharmaceuticals, biotechnology and others.
Ethyl acetate is the organic compound, commonly abbreviated EA with the formula CH3-COO-CH2-CH3, simplified to C4H8O2. Ethyl acetate is fairly volatile at room temperature and has a boiling point of 770 C due to which it can be removed from a sample by heating in a hot water bath. Ethyl acetate is a colorless less liquid, manufactured on a large scale for use as a solvent. It has a characteristics of sweet smell and used in glues, nail polish removers, cigarettes and decaffeinating tea and coffee. Ethyl acetate is the most common ester in wine and the ethyl alcohol generated during the fermentation. It has an extensive usage in laboratories, used in extractions. It is rarely taken up as a reaction solvent because it is prone to hydrolysis. In addition, classification can be done on the basis of market demand such as direct esterification method, acetaldehyde condensation method, ethanol catalytic dehydrogenation method, ethylene & acetate addition esterification method and others. With the wide usage of ethyl acetate the demand for the ethyl acetate is growing more in the current scenario.
The applications and usage of the product has led the demand of the product to increase significantly with the geographic growth in the market. Therefore, the market of the ethyl acetate is spread across China, Japan, India, Korea, Saudi Arabia and others. Unsurprisingly, Asia-Pacific region is expected to grow and become the growth center for the market. Moreover with the advancing research and development of ethyl acetate in the market will witness a significant growth due to increase in the demand of the product in the future. With all the above stated points the competition between the players and new entrants will lead the market to grow more with better new opportunities and effective usage of the ethyl acetate. Therefore, the growth of this industry is expected to increase in the coming years positively.
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Ankur Gupta, Head Marketing & Communications