Ethyl Ascorbic Acid Market Revenue, Opportunity, Segment and Key Trends 2017-2027
Ethyl ascorbic acid is a derivative of vitamin C.It exhibits properties which are excellent for skin brightening. The chemical structure of ethyl ascorbic is unique, in the chemical structure, the ethyl group forms an ether with the 3-hydroxy group of the ascorbic acid, resulting in much higher stability. Whereas other commercialized ascorbic acid derivatives are ethers at the 2-hydroxy position. Ethyl ascorbic acid acts as a powerful inhibitor of melanogenesis. Owing to properties of ethyl ascorbic acid it is widely incorporated into cosmetic products. And over the forecast period, it is anticipated that ethyl ascorbic market is expected to register a healthy CAGR. Based on the geographies, the global ethyl ascorbic acid market is fragmented into seven key regions -- North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific except Japan, Japan, and the Middle East & Africa. Among the regions mentioned above, North America accounts for a significant share of the global ethyl ascorbic acid market, owing to a relatively high-value share of the region in the global pharmaceutical industry. Western Europe is followed by North America region in the global ethyl ascorbic acid market, owing to the substantial growth of chemical industry in the region. The Asia-Pacific except Japan region accounts for significantly high volume share in the global ethyl ascorbic acid market, owing to the substantial growth in the cosmetic industry in the region. Eastern Europe and Japan also accounts for significant value share in the global ethyl ascorbic acid market, owing to the considerable growth of the cosmetic industry over the forecast period. The developing economy such as Middle East Africa and Latin America have a reasonable opportunity in the global ethyl ascorbic acid market, owing to the average growth rate in the pharmaceutical and cosmetic industry and growing population. Overall, the outlook for the global ethyl ascorbic acid market will have a positive growth over the forecast period, owing to the increasing demand for the pharmaceuticals as an anti-counterfeiting measure.
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