According to ChemAnalyst report, “Japan 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 470 thousand tonnes in 2030 at an expected CAGR of 6.7% in the forecast period. The surging 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.
The market for ethanol derivatives is enormous and consists of many chemical products divided into many groups according to their uses and characteristics. The two main compounds that fall into the category of ethanol derivatives are ethyl acetate and acetaldehyde. Many chemical products are grouped according to their uses and characteristics in the ethanol derivatives market. The cosmetic industry’s need for ethyl acetate is another factor boosting the ethanol derivatives market. Moreover, acetaldehyde serves as an intermediate in the manufacture of insecticides, fragrances, drugs, and dyes.
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The market is being significantly impacted by the rising demand for ethanol as a renewable fuel and the rising popularity of ethanol derivatives due to its affordability and environmental friendliness when compared to other petroleum derivatives. Japan has created national biofuel strategies and plans aimed at reducing greenhouse gas emissions and ensuring energy security. Cosmetics, pharmaceuticals, paint & coating, and other end uses are among the others. The largest portion of the demand for ethanol derivatives comes from paint and coating. Other factors driving the growth of the Japan ethanol derivatives market are the strong government support for low-cost alternative chemical commodities and raw materials to lessen environmental effect and the increased need for pharmaceuticals. The paints and coatings sector which has major usage by the automotive and construction industries along with usage in the production of electronic items are anticipated to further boost the Ethanol Derivatives market in the forecast period.
The Ethanol Derivatives market is segregated based on end-use, sales channel, and region. Based on the end-user industry, the Japan 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 Japan and consumed approximately 47% of the market in the year 2022.
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Based on region, the Japan Ethanol Derivatives market is divided between Hokkaido, Tohoku, Kanto, Chubu, Kansai, Chugoku, Shikoku, and Kyushu. Among these, Kanto is the leading consumer closely followed by Kansai. There has been a high market growth owing as a result of the high usage of ethanol derivatives in numerous industries such as paints & coatings and adhesives in Japan. Japan is the manufacturing hub of latest electronic good and gadgets which is anticipated to propagates the demand for paints & coatings.
“Japan Ethanol Derivatives Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, 2015-2030”, Major players in the Japan Ethanol Derivatives market are Showa Denko (SDK) and Daicel Corporation. Major players in the production of Global Ethanol Derivatives are Celanese Corporation, Jiangmen Handsome, Jiangsu Jinmaoyuan, India Glycols Limited, Jubliant Lifesciences, Jiangu Sopo, Laxmi Organic Industies Ltd, Anhui Huayi, and Braskem.
“Continuously increasing demand for Ethanol derivatives for manufacturing paints & coatings in Japan is expected to boost the demand for Ethanol Derivatives in Japan in the forecast period until 2030. These derivatives find their applications in various downstream industries such as paints & coatings, cosmetics, pharmaceuticals, etc. Furthermore, greater steps by governments across Japan towards biofuel such as bioethanol are also contrbuting the Ethanol Derivatives market expansion. “said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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