H1 2023: The main ethanol derivatives in the Japan Ethanol Derivatives market are ethyl acetate and acetaldehyde. The two prominent producers of ethyl acetate in Japan in H1 2023 were Showa Denko (SDK) and Daicel Corporation. The ethyl acetate market in Japan displayed fluctuations during H1 2023. Prices for ethyl acetate rose steadily in the first three months of 2023. Although, prices rose dramatically after the end of the Chinese Lunar New Year holidays and better supply from China. Also, strong demand from the end-user sectors like paints & coatings was the main driver pushing Ethyl Acetate prices in an upward direction in Japan. High prices of raw material acetic acid also supported the bullish market trend of Japan. However, ethyl acetate price began to fall from the end of March 2023 due to lowering acetic acid cost support and feeble demand from downstream sectors. There was a surplus of ethyl acetate in Japan and a smooth supply chain which supported the bearish market pattern of the Japanese market. This market development was since Ethyl Acetate prices in China remained bearish from April – June 2023 and China was the leading exporter of Ethyl Acetate to Japan. The low cost of feedstock acetic acid and the low price of natural gas resulted in a lowering of the production costs of ethyl acetate in China. Hence, the nation exported the product at cheap prices to Japan.
The Japan Ethanol Derivatives market has projected an expansion to reach approximately 300 thousand tonnes in 2022 and is expected to grow at a healthy CAGR of 6.7% during the forecast period until 2030.
Many chemical products are grouped according to their uses and characteristics in the ethanol derivatives market according to their uses and characteristics. The two main compounds that fall into the category of ethanol derivatives are ethyl acetate and acetaldehyde. The cosmetic industry's need for ethyl acetate is another factor boosting the ethanol derivatives market. Moreover, acetaldehyde serves as an intermediate in the manufacture of insecticides, fragrances, drugs, and dyes. The increased demand for ethanol as a renewable fuel and ethanol derivatives have become increasingly popular due to their low cost and environmentally favorable nature compared to other petroleum derivatives is causing major effects on market. Japan has developed national strategies and plans related to biofuels regarding the reduction of greenhouse gas (GHG) emissions and energy security. The other end-uses include Paint & Coating, cosmetics, pharmaceuticals, and others. Paint and Coatings are causing the major ethanol derivative demand. Besides, strong government support for low-cost alternative chemical commodities and raw materials to reduce environmental impact, and the rising demand for pharmaceuticals also contribute to the Japan Ethanol derivatives market growth during the forecast period. The Japan Ethanol Derivatives market will most likely reach 470 thousand tonnes by 2030.
Based on region, the Japan Ethanol Derivatives market is divided between Hokkaido, Tohoku, Kanto, Chubu, Kansai, Chugoku, Shikoku, and Kyushu. Among these, Kanto is the leading consumer closely followed by Kansai. There has been a high market growth owing as a result of the high usage of ethanol derivatives in numerous industries such as paints & coatings and adhesives in Japan. Japan is the manufacturing hub of latest electronic good and gadgets which is anticipated to propagates the demand for paints & coatings.
Based on the end-user industry, the Japan 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 Japan and consumed approximately 47% of the market in the year 2022.
Major players in the Japan Ethanol Derivatives market are Showa Denko (SDK) and Daicel Corporation. Major players in the production of Global Ethanol Derivatives are Celanese Corporation, Jiangmen Handsome, Jiangsu Jinmaoyuan, India Glycols Limited, Jubliant Lifesciences, Jiangu Sopo, Laxmi Organic Industies Ltd, Anhui Huayi, and Braskem.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2030
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Objective of the Study:
• To assess the demand-supply scenario of Ethanol Derivatives which covers production, demand and supply of Ethanol Derivatives market in the globe.
• To analyse and forecast the market size of Ethanol Derivatives
• To classify and forecast Japan Ethanol Derivatives market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Ethanol Derivatives market in the globe.
To extract data for Japan Ethanol Derivatives market, primary research surveys were conducted with Ethanol Derivatives manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Japan Ethanol Derivatives market over the coming years.
ChemAnalyst calculated Ethanol Derivatives demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of Ethanol Derivatives across the globe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Ethanol Derivatives manufacturers and other stakeholders
• Organizations, forums and alliances related to Ethanol Derivatives distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Ethanol Derivatives manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Japan Ethanol Derivatives market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
300 thousand tonnes
Market size Volume by 2030
470 thousand tonnes
Growth Rate
CAGR of 6.7% from 2023 to 2030
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2030
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2030
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Manufacturing Process, Policy and Regulatory Landscape.
Segments covered
By End-Use: (Paints, Coating & Adhesives, Personal Care and Cosmetics, Pharmaceutical, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
Hokkaido, Tohoku, Kanto, Chubu, Kansai, Chugoku, Shikoku, and Kyushu
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Ethanol Derivatives market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Ethanol Derivatives.
3. Capacity By Location
To better understand the regional supply of Ethanol Derivatives by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Ethanol Derivatives by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Paints, Coating & Adhesives, Personal Care and Cosmetics, Pharmaceutical, and Others) are creating a market and the forecast for the growth of the Ethanol Derivatives market.
7. Demand by Region
Analyzing the change in demand of Ethanol Derivatives in different regions, i.e., Hokkaido, Tohoku, Kanto, Chubu, Kansai, Chugoku, Shikoku, and Kyushu, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Ethanol Derivatives. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Ethanol Derivatives.
10. Manufacturing Process
Discover insights into the intricate manufacturing process of Ethanol Derivatives.
11. Policy and Regulatory Landscape
Gain a comprehensive understanding of the policy and regulatory landscape within the Ethanol Derivatives market.
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of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What is the expected Japan market size of Ethanol Derivatives in terms of volume for 2030?
Ans:
The Japan market size of Ethanol Derivatives is anticipated to project an expansion and reach approximately 470 thousand tonnes by 2030.
Q2.
Which end-use industry is dominating the Japan Ethanol Derivatives market?
Ans:
The Paints, Coating & Adhesives industry is dominating the Japan Ethanol Derivatives market with a market share of 47% in 2022.
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