Ethyl Acetate Market: In-Depth
Analysis on Size, Market Challenges,
Revenue and Top Key Vendors |
Global Foreseen Till 2023
BusinessIndustryReports have new report on “Global Ethyl Acetate Market
2018-2023”. The report provides the newest industry data and industry future
trends. The industry report lists the leading competitors and provides the
insights strategic industry Analysis of the key factors influencing the market.
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An 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.
Major drivers for this market is rapid expansion in the flavors and fragrances industry. Ethyl
acetate works as a precursor to ester for developing fragrances. It is used in air fresheners,
perfumes, soaps, and cosmetics as it provides a pleasant fragrance. It is used as a blender in
perfumes, especially for imparting floral fragrances.
Geographically the for Ethyl Acetate market is driven by the Asia pacific region, owing to the
growth in the population resulting in to increasing demand for surface coatings in
automotive and construction industries among others. Ethyl Acetate is used as a solvent in
inks and food & beverage packaging due to its sweet smell and economical nature.
Moreover, Ethyl Acetate improves the physical and chemical features of the product.