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The global ethyl acetate market was valued at USD 5.12 Billion in 2022 and grew at a CAGR of 6.52% from 2023 to 2032. The market is expected to reach USD 9.62 Billion by 2032. The demand for ethyl acetate is increasing among end-user industries, such as automotive, food and beverages, pharmaceutical, and packaging.
Ethyl acetates are organic chemicals that are mostly utilized as a solvent in various processes is ethyl acetate, sometimes referred to as ethyl ethanoate. High-flammability ethyl acetate is typically present in alcoholic beverages like wines. It is even used as an organic solvent in cellulose, paints, rubber, and other products. The chemical molecule ethyl acetate, also known as systemically ethyl ethanoate, EtOAc, or EA, has the formula CH3CO2CH2CH3. The ester of ethanol and acetic acid, ethyl acetate, is produced in huge quantities as a solvent. Several industries produce or utilize it in their operations, including the chemical and pharmaceutical sectors and those that produce varnishes, paints, and lacquers. Nitrocellulose, celluloid, cellulose ethers, chlorinated rubber, a few natural resins, and a wide variety of synthetic resins, including plasticizers, fats, waxes, and oils, are all effective solvents for ethyl acetate.
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Increasing use in paints and coatings: Paints, adhesives, and coating additives are just a few industrial uses for ethylene vinyl acetate. Epoxies, polyurethanes and urethanes are just a few of the coating formulas that can be made from ethyl acetate. Paints used on surfaces might dry faster due to ethylene acetate. Its low boiling point makes removing excess oil from paint films simple, which is the major reason it is employed as a thinner for oil paints. Additionally, ethyl acetate is a solvent in producing coatings and polymers. Ethyl acetate is essential to the flexo printing business as a solvent in ink formulation. It facilitates the dissolution and dispersion of diverse colourants and pigments, guaranteeing a consistent and flawless ink application on various substrates. Moreover, ethyl acetate rapidly evaporates during printing, enabling quicker drying times, a crucial feature for high-speed printing operations.
Fluctuating cost of raw materials: Ethyl acetate products are manufactured using raw materials such as ethanol and acetic acid. Conventionally, petrochemical feedstocks like natural gas, coal, or oil and feedstock intermediates like starchy, syngas, or cellulose materials are used to create ethanol for use in ethyl acetate manufacturing. The cost of ethanol produced conventionally fluctuates due in part to the instability of petrochemical feedstock pricing, which hampers the demand for the final product.
Expansion of the chemical industry: The chemical sector is among the main drivers of the expansion of several economic industries. Ethyl acetate has long been employed in the different end-user industries. The worldwide chemical business has seen a rapid pattern shift during the past few decades. The utilization of higher-quality raw materials, significant improvements in chemical processes, and technological breakthroughs are only a few of the reasons contributing to the recent growth in the chemical industry. Economic factors will still be important in the global rise of ethyl acetate, but the rapidly expanding population will also increase demand for food and drink, pharmaceuticals, and automobiles.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia-Pacific emerged as the most significant ethyl acetate market, with a 46.27% market revenue share in 2022.
Asia-Pacific region will account for the largest market share with revenue growth. Nations such as India, China and Japan have a tremendous demand for ethyl acetate due to growing usage in paint and coatings, leather, packaging and process solvent applications. Further, abundant raw materials have led to a high production of ethyl acetate in the region. The regional automobile industry has a high demand for ethyl acetate for different components. Further, many production companies are entering into joint ventures and mergers, providing lucrative opportunities for the ethyl acetate market.
Asia-Pacific region Ethyl Acetate Market Share in 2022 - 46.27%
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The application segment is divided into pigments, adhesives & sealants, paints & coatings, inks, process solvents and others. The paints & coatings segment dominated the market, with a share of around 36.21% in 2022. Ethylene acetate is used extensively in producing nitrocellulose lacquers, thinners and varnishes. Among industrial organic solvents, it is the least hazardous and shows good dilution ratios with both aliphatic and aromatic diluents.
The end-users segment is divided into food & beverages, pharmaceutical, automotive, leather, packaging and others. The automotive segment dominated the market, with a share of around 35.79% in 2022. In the automobile sector, ethyl acetate is utilized as a solvent for synthetic polymers like epoxy and polyurethane. Rubber, metal and plastic automotive components can all be bonded together with the help of these adhesives.
The distribution channel segment is divided into online and offline. The offline segment dominated the market, with a share of around 78.11% in 2022. Many consumers prefer to purchase chemicals from ethyl acetate. The customers can check the quality of the product and order as per their requirements.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2022 | USD 5.12 Billion |
| Market size value in 2032 | USD 9.62 Billion |
| CAGR (2023 to 2032) | 6.52% |
| Historical data | 2019-2021 |
| Base Year | 2022 |
| Forecast | 2023-2032 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Application, End-users and Distribution Channel |
As per The Brainy Insights, the size of the ethyl acetate market was valued USD 5.12 billion in 2022 to USD 9.62 billion by 2032.
Global ethyl acetate market is growing at a CAGR of 6.52% during the forecast period 2023-2032.
Asia-Pacific region emerged as the largest market for the ethyl acetate.
The market's growth will be influenced by the rising usage of ethyl acetate in different applications.
The fluctuating cost of raw materials can hamper the market growth.
The rising investment in flexible packaging industry is providing lucrative opportunities to the market.
Key players are INEOS, Celanese Corp., Solvay, Eastman Chemical Company, Sasol Ltd., IOL, SHOWA DENKO KK, Daicel Corporation, Jubilant Ingrevia Limited, Sipchem among others.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Application
4.3.2. Market Attractiveness Analysis by End-users
4.3.3. Market Attractiveness Analysis by Distribution Channel
4.3.4. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing use of ethyl acetate in different end-users
5.3. Restraints
5.3.1. Fluctuating cost of raw materials
5.4. Opportunities
5.4.1. Increasing investment in flexible packaging industry
5.5. Challenges
5.5.1. Harmful exposure effects
6. Global Ethyl Acetate Market Analysis and Forecast, By Application
6.1. Segment Overview
6.2. Pigments
6.3. Adhesives & Sealants
6.4. Paints & Coatings
6.5. Inks
6.6. Process Solvents
6.7. Others
7. Global Ethyl Acetate Market Analysis and Forecast, By End-users
7.1. Segment Overview
7.2. Food & Beverages
7.3. Pharmaceutical
7.4. Automotive
7.5. Leather
7.6. Packaging
7.7. Others
8. Global Ethyl Acetate Market Analysis and Forecast, By Distribution Channel
8.1. Segment Overview
8.2. Online
8.3. Offline
9. Global Ethyl Acetate Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Ethyl Acetate Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Ethyl Acetate Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. INEOS
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Celanese Corp.
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Solvay
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Eastman Chemical Company
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Sasol Ltd.
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. IOL
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. SHOWA DENKO KK
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Daicel Corporation
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Jubilant Ingrevia Limited, Sipchem
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Sipchem
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
List of Table
1. Global Ethyl Acetate Market, By Application, 2019-2032 (USD Billion)
2. Global Pigments, Ethyl Acetate Market, By Region, 2019-2032 (USD Billion)
3. Global Adhesives & Sealants, Ethyl Acetate Market, By Region, 2019-2032 (USD Billion)
4. Global Paints & Coatings, Ethyl Acetate Market, By Region, 2019-2032 (USD Billion)
5. Global Inks, Ethyl Acetate Market, By Region, 2019-2032 (USD Billion)
6. Global Process Solvents, Ethyl Acetate Market, By Region, 2019-2032 (USD Billion)
7. Global Others, Ethyl Acetate Market, By Region, 2019-2032 (USD Billion)
8. Global Ethyl Acetate Market, By End-users , 2019-2032 (USD Billion)
9. Global Food & Beverages, Ethyl Acetate Market, By Region, 2019-2032 (USD Billion)
10. Global Pharmaceutical, Ethyl Acetate Market, By Region, 2019-2032 (USD Billion)
11. Global Automotive, Ethyl Acetate Market, By Region, 2019-2032 (USD Billion)
12. Global Leather, Ethyl Acetate Market, By Region, 2019-2032 (USD Billion)
13. Global Packaging, Ethyl Acetate Market, By Region, 2019-2032 (USD Billion)
14. Global Others, Ethyl Acetate Market, By Region, 2019-2032 (USD Billion)
15. Global Ethyl Acetate Market, By Distribution Channel, 2019-2032 (USD Billion)
16. Global Online, Ethyl Acetate Market, By Region, 2019-2032 (USD Billion)
17. Global Offline, Ethyl Acetate Market, By Region, 2019-2032 (USD Billion)
18. Global Ethyl Acetate Market, By Region, 2019-2032 (USD Billion)
19. North America Ethyl Acetate Market, By Application, 2019-2032 (USD Billion)
20. North America Ethyl Acetate Market, By End-users , 2019-2032 (USD Billion)
21. North America Ethyl Acetate Market, By Distribution Channel, 2019-2032 (USD Billion)
22. U.S. Ethyl Acetate Market, By Application, 2019-2032 (USD Billion)
23. U.S. Ethyl Acetate Market, By End-users , 2019-2032 (USD Billion)
24. U.S. Ethyl Acetate Market, By Distribution Channel, 2019-2032 (USD Billion)
25. Canada Ethyl Acetate Market, By Application, 2019-2032 (USD Billion)
26. Canada Ethyl Acetate Market, By End-users , 2019-2032 (USD Billion)
27. Canada Ethyl Acetate Market, By Distribution Channel, 2019-2032 (USD Billion)
28. Mexico Ethyl Acetate Market, By Application, 2019-2032 (USD Billion)
29. Mexico Ethyl Acetate Market, By End-users , 2019-2032 (USD Billion)
30. Mexico Ethyl Acetate Market, By Distribution Channel, 2019-2032 (USD Billion)
31. Europe Ethyl Acetate Market, By Application, 2019-2032 (USD Billion)
32. Europe Ethyl Acetate Market, By End-users , 2019-2032 (USD Billion)
33. Europe Ethyl Acetate Market, By Distribution Channel, 2019-2032 (USD Billion)
34. Germany Ethyl Acetate Market, By Application, 2019-2032 (USD Billion)
35. Germany Ethyl Acetate Market, By End-users , 2019-2032 (USD Billion)
36. Germany Ethyl Acetate Market, By Distribution Channel, 2019-2032 (USD Billion)
37. France Ethyl Acetate Market, By Application, 2019-2032 (USD Billion)
38. France Ethyl Acetate Market, By End-users , 2019-2032 (USD Billion)
39. France Ethyl Acetate Market, By Distribution Channel, 2019-2032 (USD Billion)
40. U.K. Ethyl Acetate Market, By Application, 2019-2032 (USD Billion)
41. U.K. Ethyl Acetate Market, By End-users , 2019-2032 (USD Billion)
42. U.K. Ethyl Acetate Market, By Distribution Channel, 2019-2032 (USD Billion)
43. Italy Ethyl Acetate Market, By Application, 2019-2032 (USD Billion)
44. Italy Ethyl Acetate Market, By End-users , 2019-2032 (USD Billion)
45. Italy Ethyl Acetate Market, By Distribution Channel, 2019-2032 (USD Billion)
46. Spain Ethyl Acetate Market, By Application, 2019-2032 (USD Billion)
47. Spain Ethyl Acetate Market, By End-users , 2019-2032 (USD Billion)
48. Spain Ethyl Acetate Market, By Distribution Channel, 2019-2032 (USD Billion)
49. Asia Pacific Ethyl Acetate Market, By Application, 2019-2032 (USD Billion)
50. Asia Pacific Ethyl Acetate Market, By End-users , 2019-2032 (USD Billion)
51. Asia Pacific Ethyl Acetate Market, By Distribution Channel, 2019-2032 (USD Billion)
52. Japan Ethyl Acetate Market, By Application, 2019-2032 (USD Billion)
53. Japan Ethyl Acetate Market, By End-users , 2019-2032 (USD Billion)
54. Japan Ethyl Acetate Market, By Distribution Channel, 2019-2032 (USD Billion)
55. China Ethyl Acetate Market, By Application, 2019-2032 (USD Billion)
56. China Ethyl Acetate Market, By End-users , 2019-2032 (USD Billion)
57. China Ethyl Acetate Market, By Distribution Channel, 2019-2032 (USD Billion)
58. India Ethyl Acetate Market, By Application, 2019-2032 (USD Billion)
59. India Ethyl Acetate Market, By End-users , 2019-2032 (USD Billion)
60. India Ethyl Acetate Market, By Distribution Channel, 2019-2032 (USD Billion)
61. South America Ethyl Acetate Market, By Application, 2019-2032 (USD Billion)
62. South America Ethyl Acetate Market, By End-users , 2019-2032 (USD Billion)
63. South America Ethyl Acetate Market, By Distribution Channel, 2019-2032 (USD Billion)
64. Brazil Ethyl Acetate Market, By Application, 2019-2032 (USD Billion)
65. Brazil Ethyl Acetate Market, By End-users , 2019-2032 (USD Billion)
66. Brazil Ethyl Acetate Market, By Distribution Channel, 2019-2032 (USD Billion)
67. Middle East and Africa Ethyl Acetate Market, By Application, 2019-2032 (USD Billion)
68. Middle East and Africa Ethyl Acetate Market, By End-users , 2019-2032 (USD Billion)
69. Middle East and Africa Ethyl Acetate Market, By Distribution Channel, 2019-2032 (USD Billion)
70. UAE Ethyl Acetate Market, By Application, 2019-2032 (USD Billion)
71. UAE Ethyl Acetate Market, By End-users , 2019-2032 (USD Billion)
72. UAE Ethyl Acetate Market, By Distribution Channel, 2019-2032 (USD Billion)
73. South Africa Ethyl Acetate Market, By Application, 2019-2032 (USD Billion)
74. South Africa Ethyl Acetate Market, By End-users , 2019-2032 (USD Billion)
75. South Africa Ethyl Acetate Market, By Distribution Channel, 2019-2032 (USD Billion)
List of Figures
1. Global Ethyl Acetate Market Segmentation
2. Ethyl Acetate Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Ethyl Acetate Market Attractiveness Analysis by Application
9. Global Ethyl Acetate Market Attractiveness Analysis by End-users
10. Global Ethyl Acetate Market Attractiveness Analysis by Distribution Channel
11. Global Ethyl Acetate Market Attractiveness Analysis by Region
12. Global Ethyl Acetate Market: Dynamics
13. Global Ethyl Acetate Market Share by Application (2022 & 2032)
14. Global Ethyl Acetate Market Share by End-users (2022 & 2032)
15. Global Ethyl Acetate Market Share by Distribution Channel (2022 & 2032)
16. Global Ethyl Acetate Market Share by Regions (2022 & 2032)
17. Global Ethyl Acetate Market Share by Company (2022)
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global ethyl acetate market based on below mentioned segments:
Global Ethyl Acetate Market by Application:
Global Ethyl acetate Market by End-users:
Global Ethyl acetate Market by Distribution Channel:
Global Ethyl acetate Market by Region:
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