Global Ethyl 3-Ethoxypropionate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Ethyl 3-Ethoxypropionate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Ethyl 3-ethoxypropionate is a low-volatility ether ester with good solubility for a wide range of coating polymers. The ether ester group, linear structure and propionyl group in the molecular center make this material have some properties that other solvents do not have, such as slow volatilization rate, easy solvent cracking in baking applications, and a wide range of polymers. It has high solubility, low solution viscosity (relative to its evaporation rate), the coating film has good solvent release, and has good flow and uniform coating properties in a wide range of coatings.

Market Overview:

The latest research study on the global Ethyl 3-Ethoxypropionate market finds that the global Ethyl 3-Ethoxypropionate market reached a value of USD 266.75 million in 2022. It’s expected that the market will achieve USD 324.63 million by 2028, exhibiting a CAGR of 3.33% during the forecast period.

Influence of COVID-19 Outbreak on Ethyl 3-Ethoxypropionate Industry Development

The impact of COVID-19 on the global Ethyl 3-Ethoxypropionate industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely impeded, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee income have been damaged.

The major production companies and markets in this industry are in China and North America. The epidemic in North America is still not very optimistic, but China is the first region in the world to control the epidemic and resume work in an orderly manner. Therefore, we expect the growth rate of the Ethyl 3-Ethoxypropionate market this year to be slightly lower than in previous years.

Drivers

With the intensification of urbanization, the consumption upgrade caused by the increase in per capita purchasing power, the rise of the middle class, and the downstream industries such as the construction industry, industrial and automotive industries have flourished. For example, some emerging economies have increased demand for urbanization. In recent years, China has continuously emphasized the in-depth promotion of new rural construction and poverty alleviation and development, and overall improvement of rural production and living conditions. In addition, technological advances and consumption upgrades have also promoted the development of the automotive industry, and the number of people with the ability to purchase cars has greatly increased. With the emergence of new energy vehicles, there may be a wave of car replacements in the future. Therefore, the development of the downstream industry is the main driving force for the development of the Ethyl 3-Ethoxypropionate industry.

Region Overview:

From 2023-2028, China is estimated to witness robust growth prospects.

Company Overview:

Dow Chemical is one of the major players operating in the Ethyl 3-Ethoxypropionate market, holding a share of 18.85% in 2020.

Dow Chemical Company is an American multinational chemical company, headquartered in Midland, Michigan, is a subsidiary of Dow Company. The company is one of the three largest chemical manufacturers in the world.

The Dow Chemical Company produces plastics, chemicals and agricultural products. It has branches in approximately 160 countries/regions and has approximately 54,000 employees worldwide. Dow is known as a chemical company's chemical company because its sales are aimed at other industries, not directly to end users.

In 2017, the company merged into DowDuPont, and in April 2019, the company's parent company, Dow Inc., was split into a public company through a company spin-off.

Eastman Chemical Company is an American company mainly engaged in the chemical industry. It was once a subsidiary of Kodak and is now an independent global specialty chemical company that produces a variety of advanced materials, chemicals and fibers for daily use. The company was founded in 1920 and is headquartered in Kingsport, Tennessee. It currently has more than 50 production sites worldwide.

Segmentation Overview:

Among different product types, 99%-99.5% segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Paints and Coatings segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Ethyl 3-Ethoxypropionate market covered in Chapter 3:

Trico Chemical
Shenzhen Prechem New Materials Co.,Ltd
Yufeng International Co.,Ltd
Aoke Chemical
Nanjing TOP Chemical
Feiyang Frontsea Novelchem
Guangzhou Nadi New Material
Dow Chemical
Eastman
Taiwan Maxwave

In Chapter 4 and Chapter 14.2, on the basis of types, the Ethyl 3-Ethoxypropionate market from 2018 to 2029 is primarily split into:

99%-99.5%
≥99.5%
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Ethyl 3-Ethoxypropionate market from 2018 to 2029 covers:

Industrial Cleaners
Paints and Coatings
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)