The
ethyl acetate market and it is poised to grow by 685.92 K tons during
2020-2024, progressing at a CAGR of over 5% during the forecast period. The
report offers an up-to-date analysis regarding the current market scenario,
latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of
various industries, the immediate impact of the outbreak is varied. While a few
industries will register a drop in demand, numerous others will continue to
remain unscathed and show promising growth opportunities. Technavio’s in-depth
research has all your needs covered as our research reports include all
foreseeable market scenarios, including pre- & post-COVID-19
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Frequently Asked Questions:
- What are the
major trends in the market?
Increasing demand for green ethyl acetate is a major trend driving the growth of the market. - At what rate is
the market projected to grow?
The year-over-year growth for 2020 is estimated at 4.78% and the incremental growth of the market is anticipated to be 685.92 K tons. - Who are the top
players in the market?
Celanese Corp., Daicel Corp., Eastman Chemical Co., INEOS Group Holdings SA, Jiangsu Sopo Corp. (Group) Ltd., Jubilant Life Sciences Ltd., Lonza Group Ltd., Merck KGaA, SEKAB, and Shandong Jinyimeng Group Co. Ltd., are some of the major market participants. - What is the key
market driver?
The demand for ethyl acetate from food processing industry is one of the major factors driving the market. - How big is the
APAC market?
The APAC region will contribute 79% of the market share.
The market is fragmented, and the degree of fragmentation will
accelerate during the forecast period. Celanese Corp., Daicel Corp., Eastman
Chemical Co., INEOS Group Holdings SA, Jiangsu Sopo Corp. (Group) Ltd.,
Jubilant Life Sciences Ltd., Lonza Group Ltd., Merck KGaA, SEKAB, and Shandong
Jinyimeng Group Co. Ltd. are some of the major market participants. The demand
for ethyl acetate from food processing industry will offer immense growth
opportunities. To make most of the opportunities, market vendors should focus
more on the growth prospects in the fast-growing segments, while maintaining
their positions in the slow-growing segments.
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upcoming vaccines and pipeline analysis, and significant developments in vendor
operations and government regulations.
Ethyl Acetate Market 2020-2024: Segmentation
Ethyl Acetate Market is segmented as below:
- Application
- Coatings
- Personal Care
- F&B
- Pharmaceuticals
- Others
- Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
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