January 20, 2020 21:00 ET | Source: Reports and Data Reports and Data
New York, New York, UNITED STATES
New York, Jan. 20, 2020 (GLOBE NEWSWIRE) -- The global ethyl acetate market is forecast to reach USD 5.47 Billion by 2027, according to a new report by Reports and Data. Ethyl acetate is an organic compound with a colorless liquid formation and has a distinctive sweet and fruity smell. This compound is widely mixed as the solvent and diluent in the paints & coatings and adhesives & sealants for its comparatively low cost, low toxicity, and agreeable odor. It is commonly used in nail varnish removers and in the color and inks to mark fruit or vegetables. The global ethyl acetate market is growing at a substantial pace due to the growing demand for ethyl acetates in the food & beverages for its distinctive sweet flavor and in the adhesives & sealants as a comparatively low-cost solvent. The low toxic and biodegradable nature with a very high flash point characteristics of this organic compound makes it a highly demanding and largely accepted solvent in the paint & coatings and adhesives & sealant industries worldwide.
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The Asia Pacific market is forecasted to generate the highest revenue of USD 2.04 Billion in the year 2027, owing to its extensive demand for ethyl acetates in the adhesive, paint and packaging industries. Asia Pacific, with its elevated growth in the consumer goods especially the foods and beverages in China, India, and Indonesia, is likely to retain its superiority in this market. China and India are some of the fastest-growing markets, while Germany and Japan hold some of the most prominent players in the market.
Further key findings from the report suggest
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Segments covered in the report:
For the purpose of this report, Reports and Data have segmented the global ethyl acetate market on the basis of type of devices, insertion route, applications, end-users, and region:
Distribution Channel Outlook (Revenue, USD Billion; 2016-2027)
Application Outlook (Revenue, USD Billion; 2016-2027)
End-Use Verticals Outlook (Revenue, USD Billion; 2016-2027)
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Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
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