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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Ethyl Acetate Market
Request Now !Ethyl acetate, also known as ethyl ethanoate, is an organic ester compound with the chemical formula C4H8O2. In addition, it is known as acetic ether or acetic ester. Ethyl acetate is a colorless, highly soluble substance used by all organic solvents such as glycols, ketones, alcohols, and esters. It is a liquid substance with physical property similar to aromatic odor, best known for glues and the removal of nail paints. This product is often used as a solvent for cleaning, removing nail paints, and coating.
The demand for ethyl acetate is increasing due to its growing applications in construction, mining, and marine equipment. In the food & beverages industry, it is used as an additive commonly known as flavor enhancer. This is attributed to the fact that after addition to ingredients of any food items, it gives various flavors such as pineapple, bananas, strawberries, and others. It has a sweet aroma that is used to give the flavor of fruit to candy, baked goods, and gums.
Ethyl acetate is also an important ingredient in alcoholic beverages such as wine and beer. It is also an essential element in manufacturing of tobacco, less caffeinated tea leaves, and less caffeine coffee. It is used as an extract in the testing and cleaning of antibiotics to purify the same. It is also used as a proxy for the production of drugs such as sulphamethoxazole, rifampicin, and others. In addition, ethyl acetate is an important component used in the leather industry and is effective in the manufacture of leather bags, belts, wallets, and other items.
COVID-19 scenario analysis:
Ethyl acetate is used in various types of coating manufacturing; some cited examples are epoxies, urethanes, cellulosic, acrylics, and vinyl in the textile industry. Growing use of the product as a flavor supplement in the food & beverages industry is also driving the ethyl acetate market growth. The growth of the F&B sector in the Asia Pacific region due to the growth of the online food service is expected to strengthen the demand for ethyl acetate. A large amount of ethyl acetate needs to be used in the manufacture of flexible inserts and polyester films, Biaxially Oriental Polypropylene (BOPP).
Fluctuating prices and the product’s side effects, such as eye, nose, & throat irritation, restrain the demand for ethyl acetate.
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