Growing Demand for Flexible Packaging
Flexible packaging has established itself as the most sought after form in the packaging industry, owing to the benefits, such as greater flexibility, comparatively low cost, light weight of the products, different sizes, shelf life, and ease of recycling. All such benefits of flexible packaging have been increasing its application in various industries. In the past few years, it has been noticed that industries have started preferring flexible packaging, to rigid packaging. Ethyl acetate is used as solvent for high-resolution printing inks and laminated adhesives in all kind of flexible packaging and plastic films, owing to its fast evaporating properties. Therefore, the rising demand for flexible packaging is driving the demand for ethyl acetate market. The trend is expected to continue during the forecast period, as the demand for flexible packaging has been increasing with the emerging e-commerce and e-retail business.
Food & Beverage serves as the Largest End-user
Among various end-user industries, food & beverage is expected to dominate the demand for ethyl acetate, owing to its wide application as flavor enhancer in the food & beverage industry. It is extensively used for providing various flavors, such as pineapple, bananas, strawberries, and others, to food products. Strong growth of food & beverage industry, especially in Asia-Pacific because of increasing trend of online food deliveries and e-retail business in the region, is projected to drive the demand for ethyl acetate market during the forecast period.
Asia-Pacific to Dominate the Market
Asia-Pacific is expected to dominate the market during the forecast period, followed by Europe and North America. Asia-Pacific has become one of the attractive markets for investment, owing to the presence of emerging economies, such as China, India, Indonesia, etc., in the region. The industries, such as food & beverage, pharmaceutical, plastics, paints & coatings, packaging, and automotive, have been witnessing substantial investments and have also been attracting foreign investments into the sectors. With growth in such industries, the demand for ethyl acetate is projected to increase noticeably in the region. Besides this, the demand for ethyl acetate in other regions, like Europe, Middle-East & Africa, and others, is expected to be driven by the growth in demand from food & beverage, automotive, pharmaceutical and other industries in the region.
Major Players - INEOS Group Limited, Celanese Corporation, Eastman Chemical Company, Jiangsu Sopo (Group) Co., Ltd. and Jinyimeng Group Co. Ltd, amongst others.
Reasons to Purchase this Report
To understand the impact, growing flexible packaging demand on the ethyl acetate market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating application & end-user in the ethyl acetate market
Region & countries expected to witness fastest growth during the forecast period
Identifying the latest developments, market shares and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
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1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value-Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Feedstock Analysis
3.3.1 Global Capacity by Key Feedstock
3.4 Technological Snapshot
3.4.1 Production Process
3.4.2 Technology Licensing and Patent Analysis
3.5 Trade Analysis
3.6 Price Index
3.7 Supply Scenario
3.7.1 Capacity and Production Analysis
3.8 Regulatory Policy Analysis
4. Market Dynamics
4.1.1 Increasing Demand from the Flexible Packaging Industry
4.1.2 Stringent Regulatory Norms regarding Natural Leather Production
4.1.3 Growing Demand for Coffee instead of Soft Drinks
4.2.1 Replacement by Water-borne and High Solid Coatings
4.2.2 Other Restraints
4.3.1 Innovation in Production of Ethanol from Coal/Natural Gas
4.3.2 Other Opportunities
5. Market Segmentation and Analysis (Market Size, Share, and Forecast)
5.1 By Application
5.1.1 Adhesives and Sealant Chemicals
5.1.2 Paint Additives and Coating Additives
5.2 By End-user Industry
5.2.1 Food & Beverage
5.2.4 Artificial Leather
6. Regional Market Analysis (Market Size, Share, and Forecast)
6.1.4 South Korea
6.1.5 ASEAN Countries
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.5 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, Recent Developments, and Analyst View)
9.2 Celanese Corporation
9.3 Daicel Corporation
9.4 Dhampur Sugar Mills Ltd
9.5 Eastman Chemical Company
9.6 Ercros (Euro Chlor)
9.7 Godavari Biorefineries
9.8 Gujarat Narmada Valley Fertilizers & Chemicals Ltd
9.9 INEOS Group Limited
9.10 Jiangsu Sopo (Group) Co., Ltd.
9.11 Jinyimeng Group Co. Ltd
9.12 Jubilant Life Science
9.13 Korea Alcohol Industrial Co., Ltd.
9.14 Laxmi Enterprise
9.15 LCY Chemical Corp.
9.16 Merck KGaA
9.17 Nippon Gohsei Co. Ltd.
9.18 Rhodia S.A. (Solvay)
9.19 Sasol Limited
9.20 Showa Denko(SDK)
9.22 Wuxi Baichuan Chemical Industrial Co., Ltd.
*List not exhaustive
**Subject to availability on public domain
- Celanese Corporation
- Daicel Corporation
- Dhampur Sugar Mills Ltd.
- Eastman Chemical Company
- Ercros (Euro Chlor)
- Godavari Biorefineries
- Gujarat Narmada Valley Fertilizers & Chemicals Ltd.
- INEOS Group Limited
- Jiangsu Sopo (Group) Co. Ltd.
- Jinyimeng Group Co. Ltd.
- Jubilant Life Science
- Korea Alcohol Industrial Co. Ltd.
- Laxmi Enterprise
- LCY Chemical Corp.
- Merck KGaA
- Nippon Gohsei Co. Ltd.
- Rhodia S.A. (Solvay)
- Sasol Limited
- Showa Denko(SDK)
- Wuxi Baichuan Chemical Industrial Co. Ltd.