Ethyl Acetate Grade Urethane Market Report

Market Insights

The Ethyl Acetate Grade Urethane Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of x% during the forecast period.

Table 1

Figure: Ethyl Acetate Grade Urethane Market Size, 2020-2026 (USD Million)

Wish to get a free sample? Register Here

Market Drivers

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.

Covid-19 Impact Analysis

The outbreak of COVID-19 significantly impacted the materials supply chains, international trade, and manufacturing operations across the world. The production of ethyl acetate grade urethane declined amidst the COVID-19 pandemic as the market players had to shut production facilities or operate the facilities below the optimal production capacities to avoid the spread of the coronavirus. Furthermore, decline in the growth of the end-use industries further affected the market growth.

Segments' Analysis

Application Trends

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.

Regional Trends

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.

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global ethyl acetate grade urethane market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026. Following are the critical questions answered in the report.

• What are the key trends in the Ethyl Acetate Grade Urethane market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the Ethyl Acetate Grade Urethane market?
• What are the key strategies adopted by the major vendors to lead in the Ethyl Acetate Grade Urethane market?
• What is the market share of the top vendors?

Get the full scope of the report. Register Here

Key Players

Key players operating in the Ethyl Acetate Grade Urethane Market are-

• SpecialChem (France)
• Eastman Chemical Company (US)
• Sucroal S.A. (US)
• Merck & Co., Inc. (US)
• Ultra Chemical Works (India)

Target Audience

The target audience of Ethyl Acetate Grade Urethane Market includes-

• Ethyl Acetate Grade Urethane Vendors
• Ethyl Acetate Grade Urethane Manufacturers
• Ethyl Acetate Grade Urethane Distributors
• Organizations
• Government Bodies.

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.