Global Ethyl Pyruvate Market (2022 to 2027) - Featuring Toray Industries, Musashino Chemical Laboratory and Sigma-Aldrich Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Ethyl Pyruvate Market, By Type, Application & By Region - Forecast and Analysis 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global ethyl pyruvate (CAS 617-35-6) market was valued at USD 2.16 Billion in 2021, and it is expected to reach a value of USD 3.19 Billion by 2027, at a CAGR of more than 6.70% over the forecast period (2022 - 2027).

The rising demand for agrochemicals is expected to drive the Ethyl pyruvate market. Ethyl pyruvate is a solvent used in the production of agricultural chemicals such as fungicides, herbicides, and insecticides. Ethyl pyruvate can also be used to improve the solubility of pesticides like neonicotinoids, which are not water-soluble.

It is used as a starting material in the synthesis of other chemical compounds such as ethylene diol, pentaerythritol, and synthetic pyridine derivatives.

The market is expected to be driven by the increasing use of Ethyl pyruvate in pharmacology. It's often used in treating burns and burn infections, cardiac surgery, inflammatory disorders (unspecified), ischemic reperfusion injury, sepsis, and septicemia.

Government laws and regulations requiring compliance with modern environmental standards could pose a significant threat to the market. The basic materials required for industrial ethyl pyruvate manufacturing are readily available in low-cost countries such as China. China is in charge of the majority of global supply delivery and production of Ethyl pyruvate.

However, the Chinese governments increased focus on environmental management, as well as the closure of factories that use environmentally unsustainable processes, has had an impact on global Ethyl pyruvate supply, with many downstream companies experiencing inconsistency from their Chinese suppliers.

The report provides market sizing and forecast across five major regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), and Middle East & Africa (MEA). In this report, the year 2016 to 2020 is considered a historical year, 2021 is the base year, 2022 is the estimated year, and years from 2022 to 2027 are considered the forecast period.

Companies Mentioned

• Toray Industries Inc.
• Zhonglan Industry Co. Ltd.
• Jinon Pharma (Wuhan) Co. Ltd.
• Jiangyin Kangda Chemical Co. Ltd.
• Musashino Chemical Laboratory, Ltd.
• Sigma-Aldrich
• Guangzhou Reullei Pharmaceutical technology Co. Ltd.
• Shanghai Jinli Bio-Tech Co. Ltd

Aspects covered in this report

• Based on Type, this market is segmented into 98 % PURITY, 99 % PURITY, and Others.
• Based on Application, this market is categorized into pharmaceuticals, Agrochemicals, Flavours and Fragrances, Electronics Solvents, and Others.
• Based on region, this market is categorized into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

For more information about this report visit https://www.researchandmarkets.com/r/8uvl1c