Ethyl Acetate Market Research Report - Forecast to 2023

Ethyl Acetate Market Research Report - Forecast to 2023

ID: MRFR/CnM/0439-HCRR | October, 2018 | Region: Global | 138 pages | Half-Cooked Research Reports

Global Ethyl Acetate Market Research Report: By Application (Food & Beverage, Pharmaceutical, Cosmetics, Textiles, Paints & Coatings, Adhesives & Sealants, And Others) – Forecast Till 2023


Synopsis of Ethyl Acetate Market


Ethyl acetate is an organic compound produced by Fischer esterification reaction between ethanol and acetic acid or ethanol dehydrogenation process. The ethanol dehydrogenation process is considered as an economical one and widely used in a chemical plant. It is colorless and possesses a sweet smell. Moreover, changing lifestyle and growing personal care concerns are the important trends and factors promoting the market growth positively. Therefore, they are used in various applications such as food & beverage, pharmaceutical, cosmetics, textiles, paints & coatings, adhesives & sealants, and others.


Among the various segments of the ethyl acetate market, the food & beverage segment holds the major portion and is anticipated to continue its dominance as a flavor enhancer in the food production. This product is mainly used in the production of various flavors such as pineapple, bananas, strawberries, and others. It is predicted that the cosmetics segment is set to grow at a higher CAGR due to increasing consumption of ethyl acetate in beauty products such as lip products, nail products, and hair color products to add fragrance, and cost-effective nature to the product. The pharmaceutical segment is projected to expand at a significant rate due to growing use of ethyl acetate as an extraction agent, intermediate in the industry. Additionally, the extraction agents and intermediates are used widely in the production of medicines. Ethyl acetate is used in numerous coating formulations such as epoxies, urethanes, cellulosic, acrylics, vinyl, and others. Therefore, these factors are projected to drive the paints & coating segment during the forecast period.


Global Ethyl Acetate Market Share by Application


 Ethyl Acetate Market


Source: MRFR analysis


Regional Analysis 


The ethyl acetate market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major share of the market due to the growing consumption of ethyl acetate in the food & beverage, pharmaceutical, cosmetics, textiles, and others. The food & beverages segment holds the major portion and is anticipated to continue its dominance in the global market as a flavor enhancer and add different flavors to various products in the industry. Therefore, countries such as China, Japan, and India are the major players in this market.


The North American region is growing significantly due to an increased consumption of ethyl acetate in decaffeination process to reduce caffeine content of coffee, tea leaves, and cocoa. It is predicted that growing investment in the end-use industries is likely to lead the market growth during the forecast period. The growing consumption of the product in healthcare, lipsticks, and ointments has propelled the growth in countries such as the U.S., Canada, and Mexico to achieve a stunning growth in the market as they provide quick evaporating nature, durable, and high standard performance to the product.


The European market has also observed a remarkable growth due to extensive use of ethyl acetate in the production of wines, beverages, and others. The growing health consciousness about the ill-effects of soft drink has shifted people choice towards consumption of coffee, which is expected to increase the production of ethyl acetate in the market. It is estimated that the growing innovation and technological advancement are predicted to propel the growth in the countries such as the U.K, Italy, Germany, and France during the forecast period.


The Latin American region is estimated to witness a recognized development in the market due to the growing consumption of ethyl acetate in textiles, paints & coatings industries to impart aesthetic appearance and cost-effective nature to the product. Moreover, the Middle East & Africa is anticipated to witness a higher growth in the market due to increasing demand for ink formulations, coatings, in paints & coatings and as an aroma enhancer in cosmetic industries.


Segmental Analysis


The global ethyl acetate market is segmented into the application. The market by application is further categorized into food & beverage, pharmaceutical, cosmetics, textiles, paints & coatings, adhesives & sealants, and others.


Key Players


Some of the prominent players operating in the global ethyl acetate market are INEOS (Switzerland), Carbohim – Wood and Chemical Company (U.S.), Jubilant Life Sciences Ltd (India), Celanese Corporation (U.S.), EniChem (Italy), SEKAB (Sweden), PT. Indo Acidatama Tbk (Indonesia), Chiba Ethyl Acetate Co., Ltd (China), The Nippon Synthetic Chemical Industry Co., Ltd (Japan), and Dairen Chemical Corporation (Taiwan) among others.


Geographical Analysis


The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.


Intended Audience



  • Ethyl Acetate market manufacturers

  • Traders and Distributors of Ethyl Acetate market

  • Production Process Industries

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratory 

TABLE OF CONTENTS





1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Ethyl Acetate Market

5 Industry Overview of Global Ethyl Acetate Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges



6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Ethyl Acetate Market by Application

7.1 Introduction

7.2 Food & beverage

7.2.1 Market Estimates & Forecast, 2017-2023

7.2.2 Market Estimates & Forecast by Region, 2017-2023

7.3 Pharmaceutical

7.3.1 Market Estimates & Forecast, 2017-2023

7.3.2 Market Estimates & Forecast by Region, 2017-2023

7.4 Cosmetics

7.4.1 Market Estimates & Forecast, 2017-2023

7.4.2 Market Estimates & Forecast by Region, 2017-2023

7.5 Textiles

7.5.1 Market Estimates & Forecast, 2017-2023

7.5.2 Market Estimates & Forecast by Region, 2017-2023

7.6 Paints & coatings

7.6.1 Market Estimates & Forecast, 2017-2023

7.6.2 Market Estimates & Forecast by Region, 2017-2023

7.7 Adhesives & sealants

7.7.1 Market Estimates & Forecast, 2017-2023

7.7.2 Market Estimates & Forecast by Region, 2017-2023



7.8 Others

7.8.1 Market Estimates & Forecast, 2017-2023

7.8.2 Market Estimates & Forecast by Region, 2017-2023



8. Global Ethyl Acetate Market by Region

8.1 Introduction

8.2 North America

8.2.1 Market Estimates & Forecast, 2017-2023

8.2.2 Market Estimates & Forecast by Application, 2017-2023

8.2.3 US

8.2.3.1 Market Estimates & Forecast, 2017-2023

8.2.3.2 Market Estimates & Forecast by Application, 2017-2023

8.2.4 Canada

8.2.4.1 Market Estimates & Forecast, 2017-2023

8.2.4.2 Market Estimates & Forecast by Application, 2017-2023

8.2.5 Mexico

8.2.5.1 Market Estimates & Forecast, 2017-2023

8.2.5.2 Market Estimates & Forecast by Application, 2017-2023



8.3 Europe

8.3.1 Market Estimates & Forecast, 2017-2023

8.3.2 Market Estimates & Forecast by Application, 2017-2023



8.3.3 Germany

8.3.3.1 Market Estimates & Forecast, 2017-2023

8.3.3.2 Market Estimates & Forecast by Application, 2017-2023



8.3.4 Italy

8.3.4.1 Market Estimates & Forecast, 2017-2023

8.3.4.2 Market Estimates & Forecast by Application, 2017-2023



8.3.5 UK

8.3.5.1 Market Estimates & Forecast, 2017-2023

8.3.5.2 Market Estimates & Forecast by Application, 2017-2023





8.4 Asia Pacific

8.4.1 Market Estimates & Forecast, 2017-2023

8.4.2 Market Estimates & Forecast by Application, 2017-2023



8.4.3 China

8.4.3.1 Market Estimates & Forecast, 2017-2023

8.4.3.2 Market Estimates & Forecast by Application, 2017-2023



8.4.4 India

8.4.4.1 Market Estimates & Forecast, 2017-2023

8.4.4.2 Market Estimates & Forecast by Application, 2017-2023



8.4.5 Japan

8.4.5.1 Market Estimates & Forecast, 2017-2023

8.4.5.2 Market Estimates & Forecast by Application, 2017-2023



8.4.6 Rest of Asia Pacific

8.4.6.1 Market Estimates & Forecast, 2017-2023

8.4.6.2 Market Estimates & Forecast by Application, 2017-2023





8.5 Middle East & Africa

8.5.1 Market Estimates & Forecast, 2017-2023

8.5.2 Market Estimates & Forecast by Application, 2017-2023



8.5.3 Saudi Arabia

8.5.3.1 Market Estimates & Forecast, 2017-2023

8.5.3.2 Market Estimates & Forecast by Application, 2017-2023



8.5.4 Qatar

8.5.4.1 Market Estimates & Forecast, 2017-2023

8.5.4.2 Market Estimates & Forecast by Application, 2017-2023



8.5.5 North Africa

8.5.5.1 Market Estimates & Forecast, 2017-2023

8.5.5.2 Market Estimates & Forecast by Application, 2017-2023



8.5.6 GCC

8.5.6.1 Market Estimates & Forecast, 2017-2023

8.5.6.2 Market Estimates & Forecast by Application, 2017-2023





8.5.7 Rest of Middle East & Africa

8.5.7.1 Market Estimates & Forecast, 2017-2023

8.5.7.2 Market Estimates & Forecast by Application, 2017-2023





8.6 Latin America

8.6.1 Market Estimates & Forecast, 2017-2023

8.6.2 Market Estimates & Forecast by Application, 2017-2023



8.6.3 Brazil

8.6.3.1 Market Estimates & Forecast, 2017-2023

8.6.3.2 Market Estimates & Forecast by Application, 2017-2023



8.6.4 Argentina

8.6.4.1 Market Estimates & Forecast, 2017-2023

8.6.4.2 Market Estimates & Forecast by Application, 2017-2023

8.6.5 Uruguay

8.6.5.1 Market Estimates & Forecast, 2017-2023

8.6.5.2 Market Estimates & Forecast by Application, 2017-2023

8.6.6 Rest of Latin America

8.6.6.1 Market Estimates & Forecast, 2017-2023

8.6.6.2 Market Estimates & Forecast by Application, 2017-2023



9. Company Landscape

10. Company Profiles



10.1 INEOS

10.1.1 Company Overview

10.1.2 Product/Business Segment Overview

10.1.3 Financial Updates

10.1.4 Key Developments



10.2 Carbohim – Wood and Chemical Company

10.2.1 Company Overview

10.2.2 Product/Business Segment Overview

10.2.3 Financial Updates

10.2.4 Key Developments

10.3 Jubilant Life Sciences Ltd

10.3.1 Company Overview

10.3.2 Product/Business Segment Overview

10.3.3 Financial Updates

10.3.4 Key Developments

10.4 Celanese Corporation

10.4.1 Company Overview

10.4.2 Product/Business Segment Overview

10.4.3 Financial Updates

10.4.4 Key Developments

10.5 EniChem

10.5.1 Company Overview

10.5.2 Product/Business Segment Overview

10.5.3 Financial Updates

10.5.4 Key Developments



10.6 SEKAB

10.6.1 Company Overview

10.6.2 Product/Business Segment Overview

10.6.3 Financial Updates

10.6.4 Key Developments

10.7 PT. Indo Acidatama Tbk

10.7.1 Company Overview

10.7.2 Product/Business Segment Overview

10.7.3 Financial Updates

10.7.4 Key Developments

10.8 Chiba Ethyl Acetate Co., Ltd

10.8.1 Company Overview

10.8.2 Product/Business Segment Overview

10.8.3 Financial Updates

10.8.4 Key Developments

10.9 The Nippon Synthetic Chemical Industry Co., Ltd

10.9.1 Company Overview

10.9.2 Product/Business Segment Overview

10.9.3 Financial Updates

10.9.4 Key Developments

10.10 Dairen Chemical Corporation

10.10.1 Company Overview

10.10.2 Product/Business Segment Overview

10.10.3 Financial Updates

10.10.4 Key Developments

10.11 LCY GROUP

10.11.1 Company Overview

10.11.2 Product/Business Segment Overview

10.11.3 Financial Updates

10.11.4 Key Developments

10.12 Tokuyama Corporation

10.12.1 Company Overview

10.12.2 Product/Business Segment Overview

10.12.3 Financial Updates

10.12.4 Key Developments

10.13 Lonza

10.13.1 Company Overview

10.13.2 Product/Business Segment Overview

10.13.3 Financial Updates

10.13.4 Key Developments

10.14 Eastman Chemical Company

10.14.1 Company Overview

10.14.2 Product/Business Segment Overview

10.14.3 Financial Updates

10.14.4 Key Developments

10.15 KIMIA INTERNATIONAL PTE LTD

10.15.1 Company Overview

10.15.2 Product/Business Segment Overview

10.15.3 Financial Updates

10.15.4 Key Developments



11 Conclusion



LIST OF TABLES





Table 1 World Population by Major Regions (2017 To 2030)

Table 2 Global Ethyl Acetate Market: By Region, 2017-2023

Table 3 North America Ethyl Acetate Market: By Country, 2017-2023

Table 4 Europe Ethyl Acetate Market: By Country, 2017-2023

Table 5 Asia-Pacific Ethyl Acetate Market: By Country, 2017-2023

Table 6 Middle East & Africa Ethyl Acetate Market: By Country, 2017-2023

Table 7 Latin America Ethyl Acetate Market: By Country, 2017-2023

Table8 Global Ethyl Acetate by Application Market: By Regions, 2017-2023

Table9 North America Ethyl Acetate by Application Market: By Country, 2017-2023

Table10 Europe Ethyl Acetate by Application Market: By Country, 2017-2023

Table11 Asia-Pacific Ethyl Acetate by Application Market: By Country, 2017-2023

Table12 Middle East & Africa Ethyl Acetate by Application Market: By Country, 2017-2023

Table13 Latin America Ethyl Acetate by Application Market: By Country, 2017-2023

Table14 Global Type Market: By Region, 2017-2023

Table15 North America: Ethyl Acetate Market, By Country

Table16 North America: Ethyl Acetate Market, By Application

Table17 Europe: Ethyl Acetate Market, By Country

Table18 Europe: Ethyl Acetate Market, By Application

Table19 Asia-Pacific: Ethyl Acetate Market, By Country

Table20 Asia-Pacific: Ethyl Acetate Market, By Application

Table21 Middle East & Africa: Ethyl Acetate Market, By Country

Table22 Middle East & Africa Ethyl Acetate Market, By Application

Table23 Latin America: Ethyl Acetate Market, By Country

Table24 Latin America Ethyl Acetate Market, By Application



LIST OF FIGURES





FIGURE 1 Global Ethyl Acetate market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Ethyl Acetate Market

FIGURE 4 Value Chain of Global Ethyl Acetate Market

FIGURE 5 Share of Global Ethyl Acetate Market in 2017, by country (in %)

FIGURE 6 Global Ethyl Acetate Market size by Application, 2017

FIGURE 7 Share of Global Ethyl Acetate Market by Application, 2017 to 2023