Ethyl and butyl acetates are solvents used in surface coatings, inks, flavorings and pharmaceuticals, and other applications. Ethyl acetate (systematically ethyl ethanoate, commonly abbreviated EtOAc or EA) is the organic compound with the formula CH3–COO–CH2–CH3, simplified to C4H8O2. This colorless liquid has a characteristic sweet smell (similar to pear drops) and is used in glues, nail polish removers, decaffeinating tea and coffee, and cigarettes. Ethyl acetate is the ester of ethanol and acetic acid; it is manufactured on a large scale for use as a solvent.
Demand for alkyl acetates in India looks promising, as it is expected to have strong growth in domestic consumption and exports during 2015–20. The Global Ethyl Acetate Market is growing with the rapid pace; mainly due to the expanding automotive and construction industries. The market is forecasted to demonstrate a stunning growth by 2027, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2027). Thus, due to demand it is best to invest in this project.
Few Indian major players are as under
· Ashok Alco-Chem Ltd.
· Ester India Chemicals Pvt. Ltd.
· Ghaziabad Organics Ltd.
· Goodearth Industries Ltd.
· Laxmi Organic Inds. Ltd.
· Wallams (India) Agro Products & Power Ltd.