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Ethyl Acetate Solvents Market Will Grow At A CAGR Of 4.9% Over 2016-2020

Ethyl acetate (systematically, ethyl ethanoate, commonly abbreviated EtOAc or EA) is the organic compound with the formula CH3-COO-CH2-CH3, simplified to C4H8O2. This colorless liquid has a characteristic sweet smell (similar to pear drops) and is used in glues, nail polish removers, decaffeinating tea and coffee, and cigarettes (see list of additives in cigarettes). Ethyl acetate is the ester of ethanol and acetic acid; it is manufactured on a large scale for use as a solvent.
Ethyl acetate is used as solvent, is widely used in coatings, adhesive, ethyl cellulose, artificial leather, linoleum colorant, man-made fiber and other products.
According to the investigation, the global ethyl acetate solvents market was worth USD 419.0 million in 2015, and is projected to reach USD 532.2 million by 2020, growing at a CAGR of 4.9% over 2016-2020.
In terms of geography, Asia Pacific region is the main consumer of solvents with its booming economy and rapidly expanding industrial sector, and it accounts for nearly half of the global solvents demand. The growing construction and automobile industries with no strict environmental regulations fuels the demand for conventional solvents in the region. This has made Asia-Pacific a global manufacturing hub where several major companies are setting up their new plants to target high growth markets. North America and Europe will grow at a steady rate of growth.
On the basis of applications, coatings will be the largest market for ethyl acetate solvents, and Asia is also the market leader in coating, especially China, China is the world’s largest coatings market.
Global Ethyl Acetate Solvents Market Analysis, by Regions, 2020

Read Full Report: http://www.gosreports.com/global-ethyl-acetate-solvents-market-research-report-2016/
Joanna | Executive – International Business and partner Relations
E-mail: [email protected] | Tel: 1-510-400-8520
Web: www.gosreports.com
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The Full Report:
http://www.gosreports.com/global-plastic-antioxidants-market-analysis/
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More Information:
http://www.gosreports.com/ciba-specialty-chemicals-was-the-worlds-largest-manufacturer-of-plastic-antioxidants/

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Joanna | Executive - International Business and partner Relations
E-mail: [email protected] 
Tel: 001-510-400-8520
Web: www.gosreports.com