According to ChemAnalyst report, “China Ethanol Derivatives Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, 2015-2030”, The China Ethanol Derivatives Market is likely to grow at a CAGR of 5.65% during the forecasted period by 2030.
The market for ethanol derivatives is enormous and consists of many chemical products divided into many groups according to their uses and characteristics. The most popular ethanol derivatives are ethyl acetate and acetaldehyde. Ethyl acetate serves as a solvent in base coats, nail polish remover, nail polish, and other items for manicures, nitrocellulose, dry cleaning, stains, lacquers, varnishes, and other materials. The oxidation of ethanol to produce acetaldehyde is a key industrial application. 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, acetaldehyde serves as an intermediate in the manufacture of insecticides, fragrances, drugs, and dyes.

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The increased demand for ethanol as a renewable fuel and cleaning agent has led to an increase in ethanol production facilities, and ethanol derivatives have become increasingly popular due to their low cost and environmentally favorable nature compared to other petroleum derivatives. 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, like paint and coatings, cosmetics, and pharmaceuticals. China uses several policy measures to promote the rapid expansion of domestic ethanol production and related downstream industries. China’s rapid expansion of the Ethanol Blending Program to blend 10% of ethanol with fuel is anticipated to strongly supports market expansion. Besides, strong government support for cleaner and low-cost alternative chemical commodities and raw materials to reduce environmental impact, and the rising demand for pharmaceuticals also contribute to the China Ethanol derivatives market growth during the forecast period.

The China Ethanol Derivatives Market is segmented based on end-use, sales channel, and region. Based on the end-user industry, the China 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 China and consumed approximately 50% of the market in the year 2022.

Read Read Full Report Here: https://www.chemanalyst.com/industry-report/ethanol-derivatives-market-295

Based on region, the China Ethanol Derivatives market is divided between East, South Central, North, West, and North East. Among these, the East region is the major consumer. In 2022, East China accounted for consumption of approximately 30% of the Ethanol Derivatives market. Dramatic market growth owing as a result of the high usage of ethanol derivatives in numerous industries such as paints & coatings and adhesives is causing a positive effect on the market expansion. China is the manufacturing hub of automotive, electronic, and other consumer goods which propagates the demand for paints & coatings.

“China Ethanol Derivatives Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, 2015-2030” Some of the major players operating in China Ethanol Derivatives market are Jiangu Sopo, Jiangmen Handsome, Shandong Jinyimeng, Wuxi Baichuan, Jiangsu Lianhai, Shandong Yankuang, Anhui Huayi, Guangxi Xintiande, Shanghai Wujing, Rizhao Jiahong, Tangshan Jidong Solvent, Guangxi Jinyuan, and Others.

“Growing demand of Ethanol Derivatives to manufacture paints & coatings, and adhesives which is mainly used for automobile development and construction is anticipated to primarily drive the China Ethanol Derivatives market in the forthcoming years. China is also the global giant automobile manufacturer and exporter owing to the ease of ability of raw material and support from the government that considerably adds up to the Ethanol Derivatives’ demand in China. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.



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