The global ethyl formate market is projected to expand at a CAGR of ~5.2 percent across the forecast period of 2023 - 2029.
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Description
Ethyl formate, also called ethyl methanoate, is an ester produced by combining formic acid and ethanol through an esterification reaction. It finds extensive use as a solvent in multiple industries. One of its key applications is as a solvent for cellulose acetate, a commonly used material in the manufacturing of films, coatings, and synthetic fibers. Ethyl formate effectively dissolves cellulose acetate, making it easier to process and apply.
In addition to its solvent properties, ethyl formate is renowned for its pleasant fruity fragrance, reminiscent of rum and raspberries. This appealing scent makes it a popular choice as a flavoring agent in the food and beverage sector. It imparts a fruity note to various products, including confectionery, baked goods, beverages, and ice cream. Moreover, ethyl formate is utilized as a fragrance component in perfumes, cosmetics, and personal care items.
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