Global Ethyl Acetate Ink Market, By Application (Adhesives and Sealants, Coatings Formulations, Pigments, Flavour Enhancer, Process Solvents, Intermediates and Others), End-Use Industry (Food and Beverage, Paints and Coatings, Pharmaceuticals, Automotive, Artificial Leather, Packaging and Others), Distribution Channel (Online Retailing and Offline Retailing), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Ethyl Acetate Ink Market
Data Bridge Market Research analyses that the ethyl acetate ink market will project a CAGR of 5.5% for the forecast period of 2022-2029 and would reach an estimated value of USD 900 million by the end of forecast period. The factors driving the growth of the global ethyl acetate ink market are construction industry's growth and expanding industrial production.
Ethyl acetate, also known as ethyl ethanoate, is an organic ester compound with the molecular formula C4H8O2. It is a colourless liquid with a fruity odour that is commonly found in glues and nail polish removers. Ethyl acetate is highly flammable and highly mixable with common organic solvents such as alcohols, ketones, glycols, and esters, with a flashpoint of -4°C. It is, however, only slightly miscible in water. This solvent is commonly used for cleaning, paint removal, and coatings.
Increasing demand for the product from the flexible packaging industry, adoption of stringent regulatory norms for natural leather production, rising usages of the product as an activator or hardener in paints and as an entomological killing agent and as a solvent in inks, enamels, and other chemical processes, rising levels of disposable income along with changing consumer lifestyles, rising growth of the synthetic leather manufacturing industry has a broad application scope in manufacturing of ink and paints.
On the other hand, growing e-commerce and online food services, as well as an increase in the number of research and development activities, will contribute to the ethyl acetate ink market by creating enormous opportunities. Producers' increased focus on product innovation in response to shifting tastes and preferences will also help to drive the growth of the ethyl acetate ink market.,
However, fluctuating raw material prices, combined with rising product exposure, cause eye, nose, and throat irritation, as well as other severe health-related issues, which will likely act as market restraints for the growth of ethyl acetate in the above-mentioned forecasted time period. The replacement of conventional coatings with water-borne and high solid coatings will be the biggest and most pressing challenge to the market's growth.
This ethyl acetate ink market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on ethyl acetate ink market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Global Ethyl Acetate Ink Market Scope and Market Size
Global ethyl acetate ink market is segmented on the basis of application, end-use industry and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Ethyl acetate market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for ethyl acetate market includes adhesives and sealants, coatings formulations, pigments, flavour enhancer, process solvents, intermediates, and others.
- Based on end-use industry, the ethyl acetate market is segmented into food and beverage, paints and coatings, pharmaceuticals, automotive, artificial leather, packaging, and others.
- On the basis of distribution channel, the ethyl acetate market is segmented into online retailing, and offline retailing.
Ethyl Acetate Ink Market Country Level Analysis
The global ethyl acetate ink market is analysed and market size insights and trends are provided by country, application, end-use industry and distribution channel referenced above.
The countries covered in the ethyl acetate ink market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the ethyl acetate ink market due to rapid urbanisation, rising household incomes, and the expansion of various end-use industries such as automotive, furniture, and food and beverages in the region. North America is expected to have the highest growth rate due to rising demand from the region's automotive, pharmaceutical, food and beverage, and construction industries.
The country section of the ethyl acetate ink market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ethyl Acetate Ink Market Share Analysis
The ethyl acetate ink market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ethyl acetate ink market.
Some of the major players operating in the ethyl acetate ink market are Celanese Corporation, Eastman Chemical Company, INEOS Capital Limited., Jubilant Life Sciences Limited, Sekab, PT. Indo Acidatama Tbk., Solvay, Merck KGaA, Shandong Jinyimeng Group Co. Ltd., DAICEL CORPORATION., KAI CO., LTD., Sipchem., SHOWA DENKO K.K., Jiangsu SOPO (Group) Co., Ltd., Ashok Alco-Chem Limited, Solventis, Kanoria Chemicals & Industries Ltd., Yip's Chemical Holdings Limited and GODAVARI BIOREFINERIES LTD. among others.
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