Ethyl Acetate Market

Global ethyl acetate market is estimated to be valued at USD 6.25 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031. Ethyl acetate is an ester with the formula C₄H8O₂. It is a colorless liquid with characteristic pleasant smell. It is widely used as a solvent in production of paints, coating, adhesive, and others due its favorable properties such as low toxicity, low cost and compatibility with variety of organic materials. Global demand for ethyl acetate is increasing due to its rising application in paints and coating industry. Also, its growing application as a natural extractant in food and beverage industry is fueling the market growth. However, stringent regulations over VOC emission from its end-use industries may hamper the market during the forecast period.

 Market Dynamics:

Global ethyl acetate market is witnessing growth due to increasing demand from paints and coatings industry. Ethyl acetate is widely used as a solvent in paint thinners and for surface cleaning applications in painting industry. Growing construction activities along with reviving automotive industry globally has boosted demand for paints and coatings, and this is expected to drive growth of ethyl acetate market. However, strict regulatory norms over VOC emissions from industries such as paints and coatings are expected to hamper the market growth during the forecast period. Growing application of ethyl acetate as a natural extractant in food and beverage industry offers new opportunities for market players. Its use in extraction of essential oils, fragrances and flavours from plants and fruits has increased considerably in recent years.

 Key Features of the Study:

• This report provides in-depth analysis of the global ethyl acetate market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global ethyl acetate market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Celanese, Eastman Chemical, INEOS Group Holdings SA, Solventis Limited, Sasol Ltd., Showa Denko K.K., Jubilant Life Sciences Limited, Wacker Chemie AG, Ashok Alco-Chem Ltd., Nippon Synthetic Chemical Industry Co., Ltd., LCY Chemical Corp., Sipchem, Jiangsu Sopo (Group) Co., Ltd., Shanghai Wujing Chemical Co., Ltd., Daicel Corporation, Rhodia Acetow GmbH, Saudi International Petrochemical Co., Tokuyama Corporation, Carbohim d.o.o., Avantium N.V
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global ethyl acetate market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global ethyl acetate market

Detailed Segmentation-

• By Application:
• • Paints & Coating additives
  • Adhesives & Sealants
  • Pigments
  • Solvents
  • Others
• By End-use Industry:
• • Automotive
  • Packaging
  • Pharmaceutical
  • Others
• By Distribution Channel:
• • Offline
  • Online
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • Celanese
  • Eastman Chemical
  • INEOS Group Holdings SA
  • Solventis Limited
  • Sasol Ltd.
  • Showa Denko K.K.
  • Jubilant Life Sciences Limited
  • Wacker Chemie AG
  • Ashok Alco-Chem Ltd.
  • Nippon Synthetic Chemical Industry Co., Ltd.
  • LCY Chemical Corp.
  • Sipchem
  • Jiangsu Sopo (Group) Co., Ltd.
  • Shanghai Wujing Chemical Co., Ltd.
  • Daicel Corporation
  • Rhodia Acetow GmbH
  • Saudi International Petrochemical Co.
  • Tokuyama Corporation
  • Carbohim d.o.o.
  • Avantium N.V