Ethyl Acetate Market, by Application (Paints & Coating additives, Adhesives & Sealants, Pigments, and Solvents), by End-Use Industry (Food & Beverages, Automotive, Pharmaceuticals, Packaging, and Artificial Leather), by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

  • Published On : Dec 2018 |
  • Pages : 132 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

­­­Global Ethyl Acetate Market – Insights

Ethyl acetate is a colorless liquid with a fruity smell. It is slightly soluble in water and soluble in most organic solvents such as alcohol, ether, and acetone. It is used as a solvent for wide range of applications across many industries such as food and beverages, pharmaceuticals, packaging, etc.

In pharmaceuticals industry ethyl acetate is used as a medium of extraction in concentration and purification of antibiotics. It is also used as an intermediate in the production of drugs such as sulphamethoxazole, rifampicin etc. Ethyl acetate-based solvent adhesives exhibit a stronger bond strength and a higher resistance to peeling. Owing to low cost, low toxicity, and pleasant odor it is primarily used as solvent or a diluent for applications such as nail varnish removal or an additive in cigarettes. Ethyl Acetate has applications as a solvent in inks for flexographic and rotogravure printing. Other applications of ethyl acetate include adhesives, cleaning fluids, coated papers, photographic films and plates, and artificial leather.

Ethyl acetate is a popular solvent used in the manufacturing of nitrocellulose lacquers, thinners, and varnishes. Due to its high dilution ratio with both aliphatic and aromatic diluents, it is highly preferred organic solvent exhibiting low toxicity.

The main process to produce ethyl acetate is by the esterification of ethanol with acetic acid in the presence of a catalyst. Although some manufacturers produce ethyl acetate by the catalytic condensation of acetaldehyde with alkoxides.

Among end-use industries, food and beverages held the largest volume share in the global ethyl acetate market in 2017. Rising demand for food & beverages is expected to drive growth of the global ethyl acetate market. For instance, according to the Food Statistics Pocketbook 2016, by Department of Environment, Food and Rural Affairs- UK, the gross value added of the food sector (excluding agriculture) increased 4.1% in 2015, following a 2.0 % increase in 2014.

Asia Pacific held significant market share in the global ethyl acetate market in 2017, owing to rising demand for ethyl acetate from the packaging industry. Ethyl acetate is used in manufacturing of flexible packaging, polyester, and BOPP films.

Besides packaging, trend of online food deliveries and e-retail business in the region, is projected to drive growth of ethyl acetate market in the Asia Pacific during the forecast period due to rising demand from food and beverages industry.

However, replacement of solvent based coating with water-borne coatings may hamper growth of the ethyl acetate market during the forecast period.

The global ethyl acetate market was pegged at 3.9 MMT in 2017, and is expected to register a CAGR of 6.0% in terms volume, during the forecast period (2018 – 2026), to reach 6.6 MMT by 2026.

Asia Pacific has the over capacity of ethyl acetate whereas Europe and North America are dependent on imports to satisfy the domestic demand.

 

Figure 1. Global Ethyl Acetate Market Share (%), By End-Use Industry, 2017

Ethyl Acetate  | Coherent Market Insights

Source: Coherent Market Insights, 2017-18

 

Figure 2. Global Ethyl Acetate Market Share (%), By Region, 2017

 Ethyl Acetate  | Coherent Market Insights

Source: Coherent Market Insights, 2017-18

Some manufacturers are adopting greener route to produce ethyl acetate. For instance, SEKAB supplies green ethyl acetate to customers with high environmental demands. It is manufactured from biologically created ethanol, which uses raw materials such as sugar cane, corn, beet, etc. and is produced with bio-based process energy. Ethyl acetate of premium pure quality is manufactured from cellulose-based 2nd generation ethanol, a waste product from existing cellulose production.

Major players operating in the global ethyl acetate market include Celanese Corporation, Eastman Chemical, Solutia, INEOS Group Limited, Rhodia Brasil, Showa Denko, Shanghai Wujing Chemical, and Sasol Limited.

Ethyl acetate is a neutral colorless liquid with a faint, pleasantly fruity odor. It is miscible in all proportions with the common organic solvents. It is slightly soluble in water and soluble in most organic solvents such as ether, acetone, and alcohol. Stringent regulatory norms regarding natural leather production is driving growth of the market. Ethyl acetate is used in spread-coating compounds for artificial leather.

Market Dynamics

Among end-use industries, food and beverages segment held the largest revenue share of in global ethyl acetate market in 2017. Food & beverages industry is expected to gain traction during the forecast period, owing to properties of ethyl acetate such as colorless, fragrant, low-boiling solvent. It is primarily used as an aroma enhancer and flavoring agent in food & beverages.

Key features of the study:

  • This report provides in-depth analysis of ethyl acetate market and provides market size (US$ Billion & MMT) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2018 – 2026), considering 2017, as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global ethyl acetate market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes Celanese Corporation, Eastman Chemical, Solutia, INEOS Group Limited, Rhodia Brasil, Showa Denko, Shanghai Wujing Chemical, and Sasol Limited
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future products launches, technology upgradation, market expansion, and marketing tactics
  • The global ethyl acetate market report caters to various stakeholders in this industry including investors, suppliers, ethyl acetate manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the ethyl acetate market

Detailed Segmentation:

  • Global Ethyl Acetate Market, By Application:
    • Paints & Coating additives
    • Adhesives & Sealants
    • Pigments
    • Solvents
  • Global Ethyl Acetate Market, By End-Use Industry:
    • Food & Beverages
    • Automotive
    • Pharmaceuticals
    • Packaging
    • Artificial Leather
  • Global Ethyl Acetate Market, By Geography:
    • North America
      • U.S.
        • By Application:
          • Paints & Coating additives
          • Adhesives & Sealants
          • Pigments
          • Solvents
        • By End-Use Industry:
          • Food & Beverages
          • Automotive
          • Pharmaceuticals
          • Packaging
          • Artificial Leather
      • Canada
        • By Application:
          • Paints & Coating additives
          • Adhesives & Sealants
          • Pigments
          • Solvents
        • By End-Use Industry:
          • Food & Beverages
          • Automotive
          • Pharmaceuticals
          • Packaging
          • Artificial Leather
    • Europe
      • U.K.
        • By Application:
          • Paints & Coating additives
          • Adhesives & Sealants
          • Pigments
          • Solvents
        • By End-Use Industry:
          • Food & Beverages
          • Automotive
          • Pharmaceuticals
          • Packaging
          • Artificial Leather
      • Germany
        • By Application:
          • Paints & Coating additives
          • Adhesives & Sealants
          • Pigments
          • Solvents
        • By End-Use Industry:
          • Food & Beverages
          • Automotive
          • Pharmaceuticals
          • Packaging
          • Artificial Leather
      • Italy
        • By Application:
          • Paints & Coating additives
          • Adhesives & Sealants
          • Pigments
          • Solvents
        • By End-Use Industry:
          • Food & Beverages
          • Automotive
          • Pharmaceuticals
          • Packaging
          • Artificial Leather
      • France
        • By Application:
          • Paints & Coating additives
          • Adhesives & Sealants
          • Pigments
          • Solvents
        • By End-Use Industry:
          • Food & Beverages
          • Automotive
          • Pharmaceuticals
          • Packaging
          • Artificial Leather
      • Russia
        • By Application:
          • Paints & Coating additives
          • Adhesives & Sealants
          • Pigments
          • Solvents
        • By End-Use Industry:
          • Food & Beverages
          • Automotive
          • Pharmaceuticals
          • Packaging
          • Artificial Leather
      • Rest of Europe
        • By Application:
          • Paints & Coating additives
          • Adhesives & Sealants
          • Pigments
          • Solvents
        • By End-Use Industry:
          • Food & Beverages
          • Automotive
          • Pharmaceuticals
          • Packaging
          • Artificial Leather
    • Asia Pacific
      • China
        • By Application:
          • Paints & Coating additives
          • Adhesives & Sealants
          • Pigments
          • Solvents
        • By End-Use Industry:
          • Food & Beverages
          • Automotive
          • Pharmaceuticals
          • Packaging
          • Artificial Leather
      • India
        • By Application:
          • Paints & Coating additives
          • Adhesives & Sealants
          • Pigments
          • Solvents
        • By End-Use Industry:
          • Food & Beverages
          • Automotive
          • Pharmaceuticals
          • Packaging
          • Artificial Leather
      • Japan
        • By Application:
          • Paints & Coating additives
          • Adhesives & Sealants
          • Pigments
          • Solvents
        • By End-Use Industry:
          • Food & Beverages
          • Automotive
          • Pharmaceuticals
          • Packaging
          • Artificial Leather
      • ASEAN
        • By Application:
          • Paints & Coating additives
          • Adhesives & Sealants
          • Pigments
          • Solvents
        • By End-Use Industry:
          • Food & Beverages
          • Automotive
          • Pharmaceuticals
          • Packaging
          • Artificial Leather
      • Australia
        • By Application:
          • Paints & Coating additives
          • Adhesives & Sealants
          • Pigments
          • Solvents
        • By End-Use Industry:
          • Food & Beverages
          • Automotive
          • Pharmaceuticals
          • Packaging
          • Artificial Leather
      • South Korea
        • By Application:
          • Paints & Coating additives
          • Adhesives & Sealants
          • Pigments
          • Solvents
        • By End-Use Industry:
          • Food & Beverages
          • Automotive
          • Pharmaceuticals
          • Packaging
          • Artificial Leather
      • Rest of Asia Pacific
        • By Application:
          • Paints & Coating additives
          • Adhesives & Sealants
          • Pigments
          • Solvents
        • By End-Use Industry:
          • Food & Beverages
          • Automotive
          • Pharmaceuticals
          • Packaging
          • Artificial Leather
    • Latin America
      • Brazil
        • By Application:
          • Paints & Coating additives
          • Adhesives & Sealants
          • Pigments
          • Solvents
        • By End-Use Industry:
          • Food & Beverages
          • Automotive
          • Pharmaceuticals
          • Packaging
          • Artificial Leather
      • Mexico
        • By Application:
          • Paints & Coating additives
          • Adhesives & Sealants
          • Pigments
          • Solvents
        • By End-Use Industry:
          • Food & Beverages
          • Automotive
          • Pharmaceuticals
          • Packaging
          • Artificial Leather
      • Rest of Latin America
        • By Application:
          • Paints & Coating additives
          • Adhesives & Sealants
          • Pigments
          • Solvents
        • By End-Use Industry:
          • Food & Beverages
          • Automotive
          • Pharmaceuticals
          • Packaging
          • Artificial Leather
    • Middle East
      • GCC
        • By Application:
          • Paints & Coating additives
          • Adhesives & Sealants
          • Pigments
          • Solvents
        • By End-Use Industry:
          • Food & Beverages
          • Automotive
          • Pharmaceuticals
          • Packaging
          • Artificial Leather
      • Israel
        • By Application:
          • Paints & Coating additives
          • Adhesives & Sealants
          • Pigments
          • Solvents
        • By End-Use Industry:
          • Food & Beverages
          • Automotive
          • Pharmaceuticals
          • Packaging
          • Artificial Leather
      • Rest of Middle East
        • By Application:
          • Paints & Coating additives
          • Adhesives & Sealants
          • Pigments
          • Solvents
        • By End-Use Industry:
          • Food & Beverages
          • Automotive
          • Pharmaceuticals
          • Packaging
          • Artificial Leather
    • Africa
      • North Africa
        • By Application:
          • Paints & Coating additives
          • Adhesives & Sealants
          • Pigments
          • Solvents
        • By End-Use Industry:
          • Food & Beverages
          • Automotive
          • Pharmaceuticals
          • Packaging
          • Artificial Leather
      • Central Africa
        • By Application:
          • Paints & Coating additives
          • Adhesives & Sealants
          • Pigments
          • Solvents
        • By End-Use Industry:
          • Food & Beverages
          • Automotive
          • Pharmaceuticals
          • Packaging
          • Artificial Leather
      • South Africa
        • By Application:
          • Paints & Coating additives
          • Adhesives & Sealants
          • Pigments
          • Solvents
        • By End-Use Industry:
          • Food & Beverages
          • Automotive
          • Pharmaceuticals
          • Packaging
          • Artificial Leather
  • Company Profiles
    • Celanese Corporation *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Eastman Chemical
    • Solutia
    • INEOS Group Limited
    • Rhodia Brasil
    • Showa Denko
    • Shanghai Wujing Chemical
    • Sasol Limited

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By End-Use Industry
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Ethyl Acetate Market, By Application, 2016- 2026 (USD Billion & MMT)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, 2019 - 2026
      • Segment Trends
    • Paints & Coating additives
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion & MMT)
    • Adhesives & Sealants
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion & MMT)
    • Pigments
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion & MMT)
    • Solvents
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion & MMT)
  5. Global Ethyl Acetate Market, By End-Use Industry, 2016- 2026 (USD Billion & MMT)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, 2019 - 2026
      • Segment Trends
    • Food & Beverages
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion & MMT)
    • Automotive
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion & MMT)
    • Pharmaceuticals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion & MMT)
    • Packaging
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion & MMT)
    • Artificial Leather
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion & MMT)
  6. Global Ethyl Acetate Market, By Region, 2016- 2026 (USD Billion & MMT)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, For Regions, 2018 - 2026
    • North America
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Application, 2016- 2026  (USD Billion & MMT)
          • Market Size and Forecast, By End-Use Industry, 2016- 2026  (USD Billion & MMT)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Application, 2016- 2026  (USD Billion & MMT)
          • Market Size and Forecast, By End-Use Industry, 2016- 2026  (USD Billion & MMT)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Application, 2016- 2026  (USD Billion & MMT)
          • Market Size and Forecast, By End-Use Industry, 2016- 2026  (USD Billion & MMT)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Application, 2016- 2026  (USD Billion & MMT)
          • Market Size and Forecast, By End-Use Industry, 2016- 2026  (USD Billion & MMT)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Application, 2016- 2026  (USD Billion & MMT)
          • Market Size and Forecast, By End-Use Industry, 2016- 2026  (USD Billion & MMT)
        • France
          • Country Trends
          • Market Size and Forecast, By Application, 2016- 2026  (USD Billion & MMT)
          • Market Size and Forecast, By End-Use Industry, 2016- 2026  (USD Billion & MMT)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Application, 2016- 2026  (USD Billion & MMT)
          • Market Size and Forecast, By End-Use Industry, 2016- 2026  (USD Billion & MMT)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Application, 2016- 2026  (USD Billion & MMT)
          • Market Size and Forecast, By End-Use Industry, 2016- 2026  (USD Billion & MMT)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • China
          • Country Trends
          • Market Size and Forecast, By Application, 2016- 2026  (USD Billion & MMT)
          • Market Size and Forecast, By End-Use Industry, 2016- 2026  (USD Billion & MMT)
        • India
          • Country Trends
          • Market Size and Forecast, By Application, 2016- 2026  (USD Billion & MMT)
          • Market Size and Forecast, By End-Use Industry, 2016- 2026  (USD Billion & MMT)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Application, 2016- 2026  (USD Billion & MMT)
          • Market Size and Forecast, By End-Use Industry, 2016- 2026  (USD Billion & MMT)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Application, 2016- 2026  (USD Billion & MMT)
          • Market Size and Forecast, By End-Use Industry, 2016- 2026  (USD Billion & MMT)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Application, 2016- 2026  (USD Billion & MMT)
          • Market Size and Forecast, By End-Use Industry, 2016- 2026  (USD Billion & MMT)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Application, 2016- 2026  (USD Billion & MMT)
          • Market Size and Forecast, By End-Use Industry, 2016- 2026  (USD Billion & MMT)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Application, 2016- 2026  (USD Billion & MMT)
          • Market Size and Forecast, By End-Use Industry, 2016- 2026  (USD Billion & MMT)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Application, 2016- 2026  (USD Billion & MMT)
          • Market Size and Forecast, By End-Use Industry, 2016- 2026  (USD Billion & MMT)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Application, 2016- 2026  (USD Billion & MMT)
          • Market Size and Forecast, By End-Use Industry, 2016- 2026  (USD Billion & MMT)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Application, 2016- 2026  (USD Billion & MMT)
          • Market Size and Forecast, By End-Use Industry, 2016- 2026  (USD Billion & MMT)
    • Middle East
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • GCC
          • Country Trends
          • Market Size and Forecast, By Application, 2016- 2026  (USD Billion & MMT)
          • Market Size and Forecast, By End-Use Industry, 2016- 2026  (USD Billion & MMT)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Application, 2016- 2026  (USD Billion & MMT)
          • Market Size and Forecast, By End-Use Industry, 2016- 2026  (USD Billion & MMT)
        • Rest of Middle East
          • Country Trends
          • Market Size and Forecast, By Application, 2016- 2026  (USD Billion & MMT)
          • Market Size and Forecast, By End-Use Industry, 2016- 2026  (USD Billion & MMT)
    • Africa
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • Northern Africa
          • Country Trends
          • Market Size and Forecast, By Application, 2016- 2026  (USD Billion & MMT)
          • Market Size and Forecast, By End-Use Industry, 2016- 2026  (USD Billion & MMT)
        • Central Africa
          • Country Trends
          • Market Size and Forecast, By Application, 2016- 2026  (USD Billion & MMT)
          • Market Size and Forecast, By End-Use Industry, 2016- 2026  (USD Billion & MMT)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Application, 2016- 2026  (USD Billion & MMT)
          • Market Size and Forecast, By End-Use Industry, 2016- 2026  (USD Billion & MMT)
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Celanese Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Eastman Chemical
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Solutia
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • INEOS Group Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Rhodia Brasil
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Showa Denko
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Shanghai Wujing Chemical
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Sasol Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
        •  
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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