Technavio has been monitoring the ethyl acetate market

Technavio has been monitoring the ethyl acetate market, which is expected to grow by 68.592 million tons from 2020 to 2024, with a compound annual growth rate of more than 5% during the forecast period. The report provides an updated analysis on the current market scenario, latest trends and drivers, and the overall market environment.

 What are the key trends in the market?

The increasing demand for green ethyl acetate (ethyl acetate sds) is the major trend driving the market growth.

 What is the expected growth rate of the market?

The year-on-year growth rate is expected to be 4.78% in 2020, and the incremental growth of the market is expected to be 68.592 million tons.

 Who are the top players in the market?

Celanese Corp., Daicel Corp., Eastman Chemical Co., INEOS Group Holdings SA), Jiangsu Sopo Company (Group) Co., LTD., Jubi Life Sciences Co., LTD., Longsa Group Co., LTD., Merck KGaA, SEKAB and Shandong Jinyimeng Group Co., LTD are some of the major market players.

 What are the key market drivers?

The demand for ethyl acetate in the food processing industry is one of the major factors driving the market.

 How big is the Asia Pacific market?

The Asia-Pacific region will account for 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 Sorbo Company (Group) Co., LTD., Jubi Life Science Co., LTD., Longsa Group Co., LTD., Merck KGaA, SEKAB and Shandong Jinyimeng Group Co., LTD., Ltd. are some of the major market players. The demand for ethyl acetate in the food processing industry will provide tremendous growth opportunities. To make the most of the opportunity, market vendors should focus more on the growth prospects of the fast growing segments while maintaining their position in the slow growing segments.