Stratview Research delivers key insights on the global Ethyl Acetate Grade Urethane Market. According to Stratview Research, the market is segmented By Application (Inks, Varnishes, Adhesives, Explosives, Artifical Leather, Textiles, Photography, Paper Coatings, Others), By End-Use Industry (Military, Light Industry, Paints & Coatings, Chemical, Others), and Region.
Market Insights
The global growth of ethyl acetate grade urethane market size is primarily driven by widespread product usage in various industries as military, chemical, and paints & coatings among others. Growing paints & coatings industry with rising demand in automotive and building & construction industries is likely to fuel the product demand at a significant rate during the review period. In addition to this, increasing demand for high-grade ethyl acetate is likely to create lucrative opportunities for the players operating in the global market during the review period.
Market Segments' Analysis
Based on application, the ethyl acetate grade urethane market has been divided into military, light industry, paints & coatings, chemical and others. The paints and coatings application accounted for the largest market share in 2020. The segment growth can be attributed to widespread product usage in inks and varnishes. The chemical segment is expected to register healthy growth during the review period.
By region, the Asia-Pacific Ethyl Acetate Grade Urethane market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The regional market growth can be attributed to significant demand for paints and coatings in the automotive and building & construction industries. Additionally, the presence of a strong chemicals industry in the region is another important factor propelling the market growth. The market growth in the North American region is expected to grow at a considerable CAGR during the review on account of the established presence of military, chemicals, and paints & coatings industries in the region particularly in the US.
Key Players
The following are some of the key players in the Ethyl Acetate Grade Urethane Market:
· SpecialChem (France)
· Eastman Chemical Company (US)
· Sucroal S.A. (US)
· Merck & Co., Inc. (US)
· Ultra Chemical Works (India)
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