According to ChemAnalyst report, “Europe 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 850 thousand tonnes in 2030 at a CAGR of 4.09% 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 two main compounds that fall into the category of ethanol derivatives are ethyl acetate and acetaldehyde. Ethyl Acetate is released during the production of synthetic leather and silk, as well as during the making of photographic plates and films. It is also released in the manufacture of artificial fruit flavoring agents and essences, acetic acid, linoleum, dyes, pharmaceuticals, and perfumes & aromas. In base coats, nail polish remover, nail polish, ethyl acetate serves as a solvent. For nitrocellulose, dry cleaning, stains, lacquers, varnishes, and other materials, ethyl acetate serves as a solvent. The oxidation of ethanol leads to the production of acetaldehyde. The production of acetic acid, acetic anhydride, ethyl acetate, peracetic acid, glyoxal, maleic acid, pentaerythritol, mono-, di-, and trichloro acetyl chloride, and pyridine bases on a large scale all rely on acetaldehyde. Moreover, it serves as an intermediate in the manufacture of insecticides, fragrances, drugs, and dyes.
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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. The demand for ethanol derivatives is predicted to rise during the forecast period due to an increase in the need for bio-based raw materials across a variety of end-user sectors, including paint and coatings, cosmetics, and pharmaceuticals. Other factors driving the growth of the Europe Ethanol derivatives market during the forecast period include the strong government support for cheaper, cleaner alternatives to traditional chemical commodities and raw materials to lessen their negative environmental effects, as well as the rising demand for pharmaceuticals and self-care products.
The Ethanol Derivatives market is segregated based on end-use, sales channel, and region. Based on the end-user industry, the Europe 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 Europe.
Based on demand by region, the Ethanol Derivatives market among the regions Germany, Turkey, Sweden, United Kingdom, Italy, and Belgium. Among these, Belgium and Italy are the key consumers. In 2022, Belgium accounted for consumption of approximately 40% of the net Ethanol Derivatives market.
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“Europe Ethanol Derivatives Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, 2015-2030”, the significant players functional in the Europe Ethanol Derivatives are Major players in the Europe Ethanol Derivatives market are Taco Chemical Company, Adokim Chemical Company, Sekab BioFuels and Chemicals AB, CropEnergies AG, and Others.
“Ethanol Derivatives are versatile and linked to a wide array of end-use industries, but mainly Paints, Coating & Adhesives industries are primary consumers. Continuously increasing demand for eco-friendly chemical ingredients for manufacturing paints & coatings in Europe is expected to boost the demand for Ethanol Derivatives in Europe in the forecast period until 2030. Furthermore, crucial steps by governments across Europe towards decarbonization and is lubricating 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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