Ethyl Acetate Market - Size, Share, Outlook, and Opportunity Analysis, 2018-2026
Ethyl acetate is a colorless liquid with a fruity smell. It is slightly soluble in water and soluble in most organic solvents such as alcohol, ether, and acetone. It is used as a solvent for wide range of applications across many industries such as food and beverages, pharmaceuticals, packaging, etc. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/2353 In pharmaceuticals industry ethyl acetate is used as a medium of extraction in concentration and purification of antibiotics. It is also used as an intermediate in the production of drugs such as sulphamethoxazole, rifampicin etc. Ethyl acetate-based solvent adhesives exhibit a stronger bond strength and a higher resistance to peeling. Owing to low cost, low toxicity, and pleasant odor it is primarily used as solvent or a diluent for applications such as nail varnish removal or an additive in cigarettes. Ethyl Acetate has applications as a solvent in inks for flexographic and rotogravure printing. Other applications of ethyl acetate include adhesives, cleaning fluids, coated papers, photographic films and plates, and artificial leather. Ethyl acetate is a popular solvent used in the manufacturing of nitrocellulose lacquers, thinners, and varnishes. Due to its high dilution ratio with both aliphatic and aromatic diluents, it is highly preferred organic solvent exhibiting low toxicity. The main process to produce ethyl acetate is by the esterification of ethanol with acetic acid in the presence of a catalyst. Although some manufacturers produce ethyl acetate by the catalytic condensation of acetaldehyde with alkoxides. Among end-use industries, food and beverages held the largest volume share in the global ethyl acetate market in 2017. Rising demand for food & beverages is expected to drive growth of the global ethyl acetate market. For instance, according to the Food Statistics Pocketbook 2016, by Department of Environment, Food and Rural Affairs- UK, the gross value added of the food sector (excluding agriculture) increased 4.1% in 2015, following a 2.0 % increase in 2014.