About Ethyl Acetoacetate
Ethyl acetoacetate is a chemical compound ethyl ester of acetoacetic acid that is a colorless liquid with a fruity odor. The Chemical is highly utilized as a chemical intermediate in the production of a wide variety of chemical compounds and to add flavor and aroma in foods, perfumes, etc. However, the pharmaceutical industry is a prompt user of ethyl acetoacetate as it is used in the formulation of drugs. It also can be used in the dyeing industry as the industry has a direct relationship with the textile, paint & coating, and plastic industries.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Ethyl Acetoacetate market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Augustus Oils Ltd. (United Kingdom), Beijing Lys Chemicals Co, LTD. (China), Berje Inc. (United States), BOC Sciences (United States), Excellentia International (United States), Eastman Chemical Company (United States), Celanese Corporation (United States), INEOS Chemicals (United Kingdom), Jubilant (India) and Tradeasia International (Singapore) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Ethyl Acetoacetate market by Type (Natural and Synthetic), Application (Pharmaceutical, Food & Beverages, Organic Chemical Compounds, Coatings & Paints and Textile) and Region.
On the basis of geography, the market of Ethyl Acetoacetate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Use of Recycled CO2 to Produce Sustainable Methanol at Competitive Price
Market Growth Drivers:
High Adoption by the Pharmaceutical Companies to Formulate or Synthesis Drugs. and Increasing Use of Ethyl Acetoacetate to Add Flavoring in Tea and Coffee and Aroma in Perfume and Dyes.
Challenges:
Increased Adoption of Natural Sources to Add Flavor in Foods
Restraints:
Government Stringent Regulations towards the Ethyl Acetoacetate
Opportunities:
Increased Demand for Dyes in Various Industries Such as Textile, Paint & Coatings, Etc.
Market Leaders and their expansionary development strategies
In April 2020, Celanese Corporation completed the acquisition of Nouryon’s Elotex brand. The company will take ownership of Nouryon’s global production facilities for redispersible polymer powders across Europe and Asia and also integrate Elotex’s product portfolio and production facilities into its global vinyl acetate-ethylene emulsions business to further meet global product demand.
In March 2021, Celanese Corporation announced the expansion of its capacity to utilize recycled CO2 for methanol production at the Clear Lake, Texas Facility. Methanol is a key material in the manufacture of numerous acetyls products, including acetic acid, vinyl acetate monomer (VAM), ethyl acetate, and other derivatives. This carbon capture and reuse process are expected to produce sustainable methanol with a high capital efficiency at competitive pricing via an expansion of the company’s Fairway joint venture.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Ethyl Acetoacetate Manufacturers, Suppliers and Distributors of Ethyl Acetoacetate, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.