Market Overview:
The global ethyl orthoformate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for ethyl orthoformate in various applications such as drugs, pesticides, and others. In addition, the growing demand for ethyl orthoformate from emerging economies is also contributing to the growth of this market. However, factors such as volatility in prices of raw materials and stringent environmental regulations are restraining the growth of this market.
Product Definition:
Ethyl orthoformate is an organic compound with the formula OC(CH3)2C2H5. It is a colorless liquid that is soluble in both water and ethanol. Ethyl orthoformate has been used as a precursor to other molecules including pharmaceuticals.
Hydrocyanic Acid Method:
Hydrocyanic acid method is a one-step, one-compound process for the production of ethyl orthoformate. The hydrocyanation reaction involves using hydrogen and cyanide ions to produce ethyl orthoformate in an organic solvent.
Sodium Metal Method:
Sodium metal method is a chemical process used for the production of ethyl orthoformate. It involves the reaction between sodium methoxide and ethanal. Sodium metal method is considered to be an green process as it does not involve any fossil fuel consumption, unlike other methods such as steam cracking or hydrocracking processes.
The global ethyl orthoformate market size was valued at USD 830 million in 2016.
Application Insights:
Major applications include drug, pesticide and others. Drug is expected to be the fastest-growing application segment over the forecast period owing to high demand for ethyl orthoformate as anesthetic agent in surgical procedures. It is also used as a local anesthetic agent in dental work and can help reduce pain by acting on nerve endings only when they are activated, thereby reducing overall pain caused due to surgery or dentistry.
Pesticide application was one of the major segments accounting for over 40% of total market volume in 2017 due to high demand from countries such as China, India and Brazil where agriculture plays a significant role in the economy. Ethyl orthoformate acts as a fumigant which enables farmers to apply pesticides at desired intervals during plant growth without having direct contact with pests leading to increased yield production globally every year since its invention till date.
Regional Analysis:
Asia Pacific was the largest market for ethyl orthoformate in 2016, accounting for a share of over 40.0% owing to the presence of key manufacturers in China and India. The region is expected to continue its dominance over the forecast period as well due to factors such as low manufacturing cost, easy availability of raw materials and skilled labor at cheaper costs.
China is one of the major producers and exporters of ethyl orthoformate owing to cheap labor costs associated with production process followed by country’s industrial sector including pharmaceuticals, agrochemicals & pesticides, etc. Moreover, increasing demand from end-use industries coupled with favorable government regulations pertaining towards environment protection has led China into being a major producer globally along with India; thus making it one among top exporters worldwide (IMF 2012).
Growth Factors:
- Increasing demand for ethyl orthoformate in various end-use industries such as pharmaceuticals, agrochemicals, and flavors & fragrances is expected to drive the growth of the ethyl orthoformate market during the forecast period.
- The increasing use of ethyl orthoformate as a precursor for manufacturing various drugs is another key factor that is projected to fuel the growth of this market in the near future.
- Growing demand from emerging economies such as China and India is anticipated to create new opportunities for players operating in the global ethyl orthoformate market during the forecast period.
- Rising investments by leading players towards research and development activities are likely to propel the growth of this market over next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ethyl Orthoformate Market Research Report
By Type
Hydrocyanic Acid Method, Sodium Metal Method
By Application
Drug, Pesticide, Others
By Companies
Shandong Sinobioway, Hebei Chengxin, Fushun Shunte, Linshu Huasheng Chemical, Zichuan Xinhua Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Ethyl Orthoformate Market Report Segments:
The global Ethyl Orthoformate market is segmented on the basis of:
Types
Hydrocyanic Acid Method, Sodium Metal Method
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Drug, Pesticide, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Shandong Sinobioway
- Hebei Chengxin
- Fushun Shunte
- Linshu Huasheng Chemical
- Zichuan Xinhua Chemical
Highlights of The Ethyl Orthoformate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hydrocyanic Acid Method
- Sodium Metal Method
- By Application:
- Drug
- Pesticide
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ethyl Orthoformate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ethyl orthoformate is a chemical compound with the formula C3H5O2. It is a colorless liquid that has a sweet odor. Ethyl orthoformate is used in industrial processes and as an agricultural pesticide.
Some of the major companies in the ethyl orthoformate market are Shandong Sinobioway, Hebei Chengxin, Fushun Shunte, Linshu Huasheng Chemical, Zichuan Xinhua Chemical.
The ethyl orthoformate market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ethyl Orthoformate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ethyl Orthoformate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ethyl Orthoformate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ethyl Orthoformate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ethyl Orthoformate Market Size & Forecast, 2020-2028
4.5.1 Ethyl Orthoformate Market Size and Y-o-Y Growth
4.5.2 Ethyl Orthoformate Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Hydrocyanic Acid Method
5.2.2 Sodium Metal Method
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Drug
6.2.2 Pesticide
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ethyl Orthoformate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ethyl Orthoformate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Hydrocyanic Acid Method
9.6.2 Sodium Metal Method
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Drug
9.10.2 Pesticide
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Hydrocyanic Acid Method
10.6.2 Sodium Metal Method
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Drug
10.10.2 Pesticide
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Hydrocyanic Acid Method
11.6.2 Sodium Metal Method
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Drug
11.10.2 Pesticide
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Hydrocyanic Acid Method
12.6.2 Sodium Metal Method
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Drug
12.10.2 Pesticide
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Hydrocyanic Acid Method
13.6.2 Sodium Metal Method
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Drug
13.10.2 Pesticide
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ethyl Orthoformate Market: Competitive Dashboard
14.2 Global Ethyl Orthoformate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Shandong Sinobioway
14.3.2 Hebei Chengxin
14.3.3 Fushun Shunte
14.3.4 Linshu Huasheng Chemical
14.3.5 Zichuan Xinhua Chemical
