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Ethyl Acetate Market will depict a healthy CAGR between 2019 and 2024

Author : Ronak Bora | Published Date : 2019-04-08 

Global Market Insights, Inc. recently introduced new title on 2018-2024 Ethyl Acetate Market Report from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates market outlook and status to 2024.

Ethyl Acetate Market size may grow significantly over the forecast timeframe as it is used as solvent in inks, oil based enamels and adhesives. It also finds application in cosmetics, wine food & beverage and laboratory experiments. Ethyl acetate is common two components solvents in column chromatography. It has more than four polarities thereby used in difficult separations. Column chromatography is used in wine industry to differentiate various wine types and to study wine vintage. Global chromatography market was valued at over USD 7.05 billion in 2016. Rise in wine consumption mainly in Germany and UK should favour ethyl acetate industry size.

Request for a Table of Content of this research report @ https://www.gminsights.com/request-toc/upcoming/1709

Coffee, tea leaves and coco are washed with ethyl acetate in decaffeination process to reduce caffeine content. The U.S. and European market accounts for highest global coffee consumption. Wide range of flavours, types, brewing style along with increase in coffee outlets has propelled coffee demand. Decreasing soft drink popularity has increased coffee consumption in the 18 to 25 age group population. Increase in spending on recreational drink along with rise in disposable income has stimulated product demand which may have positive influence on ethyl acetate market size.

Ethyl acetate market finds application in perfume industry owing to quick evaporation from skin and leaving behind sweet fragrance.  Rising living standards has led to surging perfume demand in young population thereby promoting industry growth. Ethyl acetate solvent has a strong application scope in artificial leather manufacturing process. Global artificial leather market size is poised to exceed USD 95 billion in 2024. Rise in leather accessories like purses, bags, covers, wallets and belts demand owing to availability of various fashion brands providing stylish and trendy accessories may drive industry growth. Stringent regulatory norms regarding natural leather production along with growing awareness for animal wellbeing is likely to contribute towards synthetic leather market size. Increasing trend for stylish seat and steering wheel cover, air bags and belts in automotive sector has propelled industry growth thereby promoting ethyl acetate demand.

North America, driven by Canada and the U.S. ethyl acetate market size may witness strong gains. Rising consumer health consciousness coupled with increasing awareness about soft drink ill effects has shifted consumer preference towards coffee consumption, may fuel ethyl acetate demand in the region.

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Europe ethyl acetate market size, driven by UK, France and Germany, may grow significantly over the foreseeable period. Favourable economic conditions along with efficient distribution channel such as hyper markets and super market may boost wine consumption, thereby stimulating regional industry growth.

Asia Pacific led by Japan, India, and China ethyl acetate market size may show steady growth. Rapid urbanisation and increase in spending on personal care product may drive cosmetics & perfume industry which is likely to propel regional growth. Expanding automotive industry growth in China and India has led to increase in leather consumption.  Favourable authentic import regulations may boost synthetic leather demand thereby driving industry growth.

Global ethyl acetate market share is moderately fragmented.  Key players operating in this industry include Wood and Chemicals, INEOS, Nippon, Lee Chang Yung, Shandong Jinyimeng, Shanghai Wujing, Celanese, Enichem, Lonza, Erkimia, Sekab, Dairen, Tokuyama.

 

Browse Full Report @  https://www.gminsights.com/industry-analysis/ethyl-acetate-market

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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