SEATTLE, Dec. 12, 2018 (GLOBE NEWSWIRE) -- The global ethyl acetate market was valued at 6.6 MMT in 2017, and is projected to exhibit a CAGR of 6.0% over the forecast period (2018–2026).
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/ethyl-acetate-market-2353
Key Trends and Analysis of the Ethyl Acetate market:
- Increasing demand for ethyl acetate from paints, printing inks, coatings, and adhesive industries is fueling growth of global ethyl acetate market. Emerging economies such as China and India are expected to be the maximum demand generating countries due to high growth rates of automotive and construction sectors which consume paints, coating, and adhesives.
- Coffee beans and tea leaves are decaffeinated with ethyl acetate solvent. Coffee beans are rinsed with an ethyl acetate solution to remove the caffeine from them. Therefore, rising demand for coffee instead of soft drinks is propelling the growth ethyl acetate market.
- Various key players are focused on increasing its production capacity. For instance, in 2016, Ineos Oxide Ltd invested a multi-million dollar for the expansion its manufacturing facility at Hull in UK, increasing the production capacity of ethyl acetate by 100 kilo tons per year.
Request Sample Pages of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/2353
Key Market Takeaways:
- Asia Pacific held significant market share in the global ethyl acetate market in 2017, owing to rising demand from the flexible packaging industry. Besides packaging, trend of online food deliveries and e-retail business in the region, is projected to drive growth of ethyl acetate market in the Asia Pacific during the forecast period due to rising demand from food and beverages industry.
- Some of the major players operating in the global ethyl acetate market include Celanese Corporation, Eastman Chemical, Solutia, INEOS Group Limited, Rhodia Brasil, Showa Denko, Shanghai Wujing Chemical, and Sasol Limited.
- Some ethyl acetate manufacturers are adopting greener route to produce ethyl acetate. For instance, SEKAB supplies green ethyl acetate to customers with high environmental demands. It is manufactured from biologically created ethanol, which uses raw materials such as sugar cane, corn, beet, etc. and is produced with bio-based process energy. Ethyl acetate of premium pure quality is manufactured from cellulose-based 2nd generation ethanol, a waste product from existing cellulose production.