According to ChemAnalyst report, “Asia Pacific Ethanol Derivatives Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, 2015-2030”, The Ethanol Derivatives market is expected to reach approximately 5700 thousand tonnes in 2030 at an expected CAGR of 5.52% in the forecast period. Spurring demand for Ethanol Derivatives from major end-use industries, Paints, Coating & Adhesives, Personal Care and Cosmetics, and Pharmaceutical is anticipated to favour the Ethanol Derivatives market expansion in the upcoming years.
Primarily used ethanol derivatives are ethyl acetate and acetaldehyde. Ethyl acetate functions as a solvent in base coats, nail polish remover, nail polish, nitrocellulose, dry cleaning, stains, lacquers, varnishes, and other materials. The oxidation of ethanol to produce acetaldehyde is a key industrial application. The primary usage of acetaldehyde is as an intermediate in the production of a variety of compounds, fragrances, aniline dyes, polymers, synthetic rubber, and certain fuel compounds. Moreover, acetaldehyde is utilised in the production of deodorizers, disinfectants, medications, perfumes, explosives, lacquers and varnishes, photographic chemicals, phenolic and urea resins, rubber accelerators, and antioxidants. Moreover, it is employed as a synthetic flavoring agent and a food preservative. Ethylene oxide is also a derivative of ethanol which is a combustible, colourless gas with a sweet smell when it’s at normal temperature, typically employed to produce other compounds and antifreeze. Ethylene oxide is used as a sterilizing agent and a pesticide in lesser doses.
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Due to substantial investments made by important players in the pharmaceutical and petrochemical industries, APAC is the world’s centre for chemical manufacture. China and India are making substantial contributions to meet the expanding global demand for ethanol derivatives. The Asia Pacific region will experience the highest growth in demand for ethanol derivatives throughout the projected period due to factors including rising disposable income, a growing population, and improved infrastructure. Due to the growing number of ethanol production facilities and the significant demand for ethanol as a sustainable fuel and cleaning agent, ethanol derivatives are now increasingly preferred in the Asia Pacific region. Also, fast-paced industrialization and new infrastructure development programmes across developing nations like India, Malaysia, and China will most likely create a strong demand for paints & coatings.
The Ethanol Derivatives market is segregated based on end-use, sales channel, and region. Based on the end-user industry, the Asia Pacific Ethanol Derivatives market is segregated into Paints, Coating & Adhesives, Personal Care and Cosmetics, Pharmaceutical, and Others. Although, the Paints, Coating & Adhesive industry is dominating the Ethanol Derivatives market in Asia Pacific and in 2022, this industry consumed nearly 52% of the global market. Personal Care and Cosmetics is also a prominent consumer of the Ethanol Derivatives market. Some medicines utilize ethanol as a solvent to disperse the active ingredient, and herbal medicines employ it as an extraction solvent. Due to its bactericidal and fungicidal properties, ethanol has also been employed as an antimicrobial preservative.
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Based on demand by region, the Asia Pacific Ethanol Derivatives market among the regions India, China, Japan, South Korea, Singapore, Indonesia, Vietnam, and the Rest of APAC. Among these, China is the key consumer and accounted for a market share of approximately 55% in the year 2022. China is the world giant for the production of automobiles, consumer goods that create a strong demand for ethanol derivatives in the nation. Based on production, China is the leading producer of numerous ethanol derivatives such as ethyl acetate, acetaldehyde, n-butyl acetate, and others.
“Asia Pacific Ethanol Derivatives Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, 2015-2030”, Major players in the Asia Pacific Ethanol Derivatives market are Jiangu Sopo, Shanghai Wujing, Anhui Huayi, Jiangsu Lianhai, Shandong Yankuang, Wuxi Baichuan, India Glycols Limited, Banstag Life sciences Pvt. Ltd, Jubliant Lifesciences, Laxmi Organic Industries Ltd, Godavari Biorefineries Limited, Tangshan Jidong Solvent, Korea Alcohol, Celanese Corporation, and Others.
“Ethanol derivatives are a group of chemical compounds that are produced from ethanol and used in a variety of end-use industries. The primary consumers of these derivatives are the paints, coatings, and adhesives industries. Continuously increasing demand for solvents for producing paints & coatings which are further used for automobile manufacturing and building construction in developing nations is expected to boost the demand for Ethanol Derivatives in Asia Pacific in the forecast period until 2030. “said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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