AP NEWS

Global Ethyl Acetate Market 2018-2022 | Rapid Expansion in the Flavors and Fragrances Industry to Boost Demand | Technavio

September 25, 2018

LONDON--(BUSINESS WIRE)--Sep 25, 2018-- analysts forecast the global ethyl acetate market to grow at a CAGR of nearly 6% during the forecast period, according to their latest market research report.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180925005839/en/

Technavio has published a new market research report on the global ethyl acetate market for the period 2018-2022. (Graphic: Business Wire)

The rising demand for ethyl acetate in APAC is one of the major trends being witnessed in the . In the past few years, the demand for ethyl acetate in APAC has increased considerably, and this trend is expected to continue during the forecast period. The use of ethyl acetate in automobiles, F&B, pharmaceuticals, and cosmetics contribute to the growth of the ethyl acetate market in the region.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key factors contributing to the growth of the global ethyl acetate market is the rapid expansion in the flavors and fragrances industry:

Global ethyl acetate market: Rapid expansion in the flavors and fragrances industry

Ethyl acetate functions as a precursor to ester for developing fragrances. It imparts a sweet taste and is therefore used in drugs, especially in cough syrups, mouthwash, and chewing gums. It finds application in air fresheners, perfumes, soaps, and cosmetics as it lends a pleasant fragrance. It is used as a blender in perfumes, especially for imparting floral fragrances.

According to a senior analyst at Technavio for research on specialty chemicals, “The rising demand for flavors and fragrances from manufacturers of F&B, perfumes, cosmetics, toiletries, and household products is increasing the consumption of raw materials such as ethyl acetate. R&D activities on aroma chemicals, a segment of the flavors and fragrances market, have led to the use of aroma chemicals for manufacturing medicines and F&B.”

Global ethyl acetate market: Segmentation analysis

The global ethyl acetate market research report provides market segmentation by applications (coatings, beverages, personal care, and pharmaceuticals), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The coatings segment held the largest market share in 2017, accounting for nearly 41% of the market. This application segment is expected to dominate the global market throughout the forecast period.

APAC led the market in 2017 with a market share of nearly 53%. This region is expected to dominate the market through 2022, with an increase in its market share by over 1%.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20180925005839/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 09/25/2018 10:56 AM/DISC: 09/25/2018 10:56 AM

http://www.businesswire.com/news/home/20180925005839/en

AP RADIO
Update hourly