Global Ethyl Pyruvate Market, By Type, Application & By Region - Forecast and Analysis 2022-2027

The global ethyl pyruvate (CAS 617-35-6) market was valued at USD 2.16 Billion in 2021, and it is expected to reach a value of USD 3.19 Billion by 2027, at a CAGR of more than 6.70% over the forecast period (2022 - 2027). The rising demand for agrochemicals is expected to drive the Ethyl pyruvate market. Ethyl pyruvate is a solvent used in the production of agricultural chemicals such as fungicides, herbicides, and insecticides. Ethyl pyruvate can also be used to improve the solubility of pesticides like neonicotinoids, which are not water-soluble. It is used as a starting material in the synthesis of other chemical compounds such as ethylene diol, pentaerythritol, and synthetic pyridine derivatives. The market is expected to be driven by the increasing use of Ethyl pyruvate in pharmacology. It's often used in treating burns and burn infections, cardiac surgery, inflammatory disorders (unspecified), ischemic reperfusion injury, sepsis, and septicemia.



Government laws and regulations requiring compliance with modern environmental standards could pose a significant threat to the market. The basic materials required for industrial ethyl pyruvate manufacturing are readily available in low-cost countries such as China. China is in charge of the majority of global supply delivery and production of Ethyl pyruvate. However, the Chinese governments increased focus on environmental management, as well as the closure of factories that use environmentally unsustainable processes, has had an impact on global Ethyl pyruvate supply, with many downstream companies experiencing inconsistency from their Chinese suppliers.

The report provides market sizing and forecast across five major regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), and Middle East & Africa (MEA). In this report, the year 2016 to 2020 is considered a historical year, 2021 is the base year, 2022 is the estimated year, and years from 2022 to 2027 are considered the forecast period.

Top-down and bottom-up approaches were used to estimate and validate the size of the Ethyl Pyruvate market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Aspects covered in this report

• Based on Type, this market is segmented into 98 % PURITY, 99 % PURITY, and Others.
• Based on Application, this market is categorized into pharmaceuticals, Agrochemicals, Flavours and Fragrances, Electronics Solvents, and Others.
• Based on region, this market is categorized into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

The Major players operating in this report study include Toray Industries Inc., Zhonglan Industry Co. Ltd., Jinon Pharma (Wuhan) Co. Ltd., Jiangyin Kangda Chemical Co. Ltd., Musashino Chemical Laboratory, Ltd., Sigma-Aldrich, Guangzhou Reullei Pharmaceutical Technology Co., Ltd., Shanghai Jinli Biotech Co. Ltd.