Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "China Ethanol Derivatives Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, 2015-2030" report has been added to ResearchAndMarkets.com's offering.
The comprehensive analysis of the Ethanol Derivatives market in China reveals significant growth and future potential through 2030. This detailed study provides insights into plant capacity, production, operating efficiency, and the demand-supply dynamics shaping the industry.
Focusing on the industry's core segments, the research covers key elements such as end-user industries, sales channels, and regional demand patterns. Ethanol derivatives, including vital chemical products like ethyl acetate and acetaldehyde, play an essential role in an array of industrial applications from synthetic leather to flavoring agents, pharmaceutical intermediates, and adhesives.
The report highlights the driving factors of the market, pinpointing the robust demand from the paint application sector and the personal care industry. The use of ethanol derivatives like ethyl acetate across diverse industries such as printing inks, plastics, rubber, and food is crucial for the market growth. Furthermore, acetaldehyde's utility as a precursor in manufacturing acetic acid showcases its importance within the chemical industry.
Regional demand analysis indicates that East China is at the forefront, consuming approximately 30% of the ethanol derivatives within the market as of 2022. The region's substantial use of ethanol derivatives in industries like paints & coatings and adhesives contributes to its dominant market share.
In terms of end-user segmentation, Paints, Coating & Adhesives claim the lion's share, constituting about half the market's consumption in 2022. This sector's prominence underscores the importance of ethanol derivatives in the manufacturing and industrial landscape of China.
The report further encompasses a thorough segmentation based on regional distribution, reflecting the market's heterogeneity. With extensive primary research surveys and comprehensive secondary research, this study stands as a vital tool for stakeholders within the ethanol derivatives market, including manufacturers, policy makers, and market research organizations.
Market Projections and Trends
- Projected expansion of the market to reach approximately 2,200 thousand tonnes by 2022
- Expected CAGR of 5.65% throughout the forecasted period until 2030
- Greater demand for paints & coatings to drive substantial market growth
- Anticipated boost in the market with forecasted 3,300 thousand tonnes by 2030
This analysis encapsulates the dynamic nature of the China Ethanol Derivatives market, underscoring its growth trajectory and providing an indispensable guide for future industry investments and expansion strategies.
The comprehensive study encapsulating the China Ethanol Derivatives market is now available, serving as a valuable resource for understanding the current trends and future market directions.
For more information about this report visit https://www.researchandmarkets.com/r/ct03we
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