What is the global market size of Ethyl Acetate Market?

Ethyl Acetate Market size was valued at USD 2.66 billion in 2021 and is poised to grow from USD 2.9 billion in 2022 to USD 6.3 billion by 2030, growing at a CAGR of 9% in the forecast period (2023-2030).

Ethyl Acetate Companies

Ethyl Acetate Market Competitive Landscape

The Global Ethyl Acetate market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase ethyl acetate market share and profitability.

Ethyl Acetate Market Top Player's Company Profiles

Eastman Chemical
INEOS Group Holdings SA
Solventis Limited
Sasol Ltd.
Celanese
Showa Denko K.K.
Jubilant Life Sciences Limited
Wacker Chemie AG
Ashok Alco-Chem Ltd.
LCY Chemical Corp.
Sipchem
Jiangsu Sopo (Group) Co., Ltd.
Shanghai Wujing Chemical Co., Ltd.
Daicel Corporation
Rhodia Acetow GmbH
Nippon Synthetic Chemical Industry Co., Ltd.
Saudi International Petrochemical Co.
Carbohim d.o.o.
Avantium N.V.
Tokuyama Corporation

Ethyl Acetate Market

FAQs

Ethyl Acetate Market size was valued at USD 2.66 billion in 2019 and is poised to grow from USD 2.9 billion in 2023 to USD 6.3 billion by 2031, growing at a CAGR of 9% in the forecast period (2024-2031).

The Ethyl Acetate market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase ethyl acetate market share and profitability. 'Eastman Chemical', 'INEOS Group Holdings SA', 'Solventis Limited', 'Sasol Ltd.', 'Celanese', 'Showa Denko K.K.', 'Jubilant Life Sciences Limited', 'Wacker Chemie AG', 'Ashok Alco-Chem Ltd.', 'LCY Chemical Corp.', 'Sipchem', 'Jiangsu Sopo (Group) Co., Ltd.', 'Shanghai Wujing Chemical Co., Ltd.', 'Daicel Corporation', 'Rhodia Acetow GmbH', 'Nippon Synthetic Chemical Industry Co., Ltd.', 'Saudi International Petrochemical Co.', 'Carbohim d.o.o.', 'Avantium N.V.', 'Tokuyama Corporation'

The main user of ethyl acetate is the paints and coatings sector. For many industrial lacquers and enamels, it is the perfect solvent. The formulation of coatings such as urethanes (99.5% grade), epoxies, acrylics, vinyl, and others frequently uses it. Additionally, a variety of other sectors, including construction, agriculture, wood furniture, maintenance, marine, automotive (for refinishing), and others employ these coatings in a broad range of applications. Additionally, it is utilized in photographic films. Additionally, it is substantially less expensive than other competing solvents used in comparable applications. Its vast range of uses and applications set it apart from other solvents on the ethyl acetate market and contribute to its popularity. Therefore, end-user applications and a high need for coatings are what drive demand.

In the food industry, ethyl acetate is frequently used as a solvent and as an artificial flavour enhancer in ice cream, cakes, and confectionery items. As demand for decaffeinated beverages is rising at healthy rates, ethyl acetate solvent is being used more often to decaffeinate tea and coffee. In emerging nations all around the world, the food business is expanding quickly due to increased disposable income and technological innovation. As the price of the product drops dramatically, there is an increasing demand for processed foods flavoured with artificial flavours. This has an influence on the consumption of these items in emerging nations where the cost issue is more prominent.

In 2021, the Asia Pacific ethyl acetate market had a value of USD 2,312.3 million, thanks to nations like China, India, Indonesia, Taiwan, and others. For this market, China is the world's leading manufacturer and exporter. The most typical method of manufacture involves the esterification of ethanol with acetic acid in the presence of a catalyst. The main source of ethanol in India, which aids in the country's large-scale production of ethyl acetate, is sugarcane molasses. India sells a lot of goods to Europe. Indonesia, Thailand, Vietnam, and other South Asian nations are also seeing strong development. The main growth-promoting industries in these nations are adhesives, printing inks, and coating solvents. The second-largest ethyl acetate market share belongs to Europe.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Ethyl Acetate Market Size, Share, Growth Analysis, By Application(Paints & Coatings, Printing Ink, Process Solvents, Food & Beverage), By Region - Industry Forecast 2025-2032

Ethyl Acetate Market Competitive Landscape

Ethyl Acetate Market Report Snapshots

Want to customize this report?

FAQs

Request Free Customization

Feedback From Our Clients

$5,300

Ethyl Acetate Market Size, Share, Growth Analysis, By Application(Paints & Coatings, Printing Ink, Process Solvents, Food & Beverage), By Region - Industry Forecast 2025-2032

Ethyl Acetate Market Competitive Landscape

Ethyl Acetate Market Report Snapshots

Want to customize this report?

FAQs

What is the market size of Ethyl Acetate Market?

Who are the key vendors in the Ethyl Acetate Market?

What is the key driver of Ethyl Acetate Market?

What is the key market trend for Ethyl Acetate Market?

Which region accounted for the largest share in Ethyl Acetate Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300