Global Ethyl Acetate
Market Report
2025
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to cognitive market research, the global ethyl acetate market size was valued at USD xx billion in 2024 and is expected to reach USD xx billion at a CAGR of xx% during the forecast period.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Country Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
North Americ Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Europe Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Asia Pacific Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
South America Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Middle East and Africa Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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Market Split by Distribution Channel |
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List of Competitors |
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Report scope is customizable as we have a huge database of Ethyl Acetate industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Ethyl Acetate Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Ethyl Acetate is a highly volatile liquid of low viscosity and a fruity odor. When ethanol and acetic acid combine, this molecule is created. It is a fruity-smelling, colorless liquid that vaporizes when air is present. Water is denser than it is. Plants such as Vitis rotundifolia and Cinnamomum burmannii are natural sources of ethyl acetate. Antibiotics are concentrated and purified in the pharmaceutical sector using ethyl acetate as an extraction medium. It also acts as an intermediary in the production of medications such as sulphamethoxazole and rifampicin.
Because of its inexpensive cost, low toxicity, and pleasant fragrance, it is typically used as a solvent or diluent for things like nail polish removal or as an additive to cigarettes. Ethyl acetate is a solvent used in flexographic and rotogravure printing inks as well. Ethyl acetate is utilized in the cosmetics sector to create powder, essences, mascara, teeth-whitening treatments, and perfumes. The perfume's scent might stick to the skin longer since ethyl acetate evaporates swiftly on it. The perfume's aroma is additionally enhanced by the pleasant, fruity scent of ethyl acetate. Ethyl acetate is also used in specialized applications such as adhesives, cleansers, coated papers, photo films and plates, and faux leather.
The paint and coatings industry is the primary consumer of ethyl acetate. This is an ideal solvent for a wide variety of industrial lacquers and enamels. It is widely used in the formulation of coatings including vinyl, epoxies, acrylics, urethanes (99.5% grade), and others. These coatings are also used in many other industries for a wide range of purposes, such as construction, agriculture, wood furniture, maintenance, marine, automobile (for refinishing), and others. It is used in photographic films as well. It also costs a lot less than other competitive solvents that are utilized in similar applications. Its wide range of applications and uses distinguish it from other solvents in the ethyl acetate market and add to its appeal. Demand is therefore driven by end-user applications and a significant requirement for coatings.
The market for ethyl acetate is seeing significant growth due to developments in cosmetic products and the rising need for environmentally friendly solvents. The continuous release of new cosmetics and personal care items, such as fragrances and nail paint removers, highlights the significance of ethyl acetate as a vital component. This puts ethyl acetate in a position where it can easily integrate with the dynamic and constantly changing cosmetics market. The chemical is a desirable option for formulators who want to satisfy customer expectations for sustainability and efficacy because of its qualities, which include its capacity to dissolve different compounds while emitting a pleasing scent.
• For instance, a 2022 review found that the ethyl acetate extract of Oryza sativa Indica was effective in inhibiting melanin production in the skin. Ethyl acetate was the only successful solvent for this purpose in human trials.
(Source:https://www.laballey.com/pages/ethyl-acetate-in-the-cosmetics-industry#:~:text=A%202022%20review%20found%20that,is%20damage%20from%20sun%20exposure. )
Acetic acid and ethanol are used as raw ingredients in the production of ethyl acetate products. Traditionally, ethanol is produced using petrochemical feedstocks such as coal, oil, or natural gas and feedstock intermediates such as carbohydrates, syngas, or cellulose materials to produce ethyl acetate. Due in part to the volatility of petrochemical feedstock pricing, which reduces demand for the finished product, the price of ethanol produced traditionally varies. Changes in the price of raw materials not only cause problems for production planning but also put pressure on industry players' profit margins, making it harder for them to provide customers with competitive pricing. This volatility erodes investor trust and can discourage new players from looking into market opportunities.
The global market for ethyl acetate has been greatly influenced by the COVID-19 epidemic. A typical solvent used in many different sectors, such as paints & coatings, printing inks, adhesives, and cleansers, is ethylene acetate. The pandemic had a major effect on the market for these items because lockdowns and other restrictions caused many enterprises to shut down or scale back operations. Due to a sharp decline in the market for residential and commercial building projects, the paint and coating sector was especially heavily impacted by the epidemic. Since ethyl acetate is frequently employed as a solvent in the manufacturing of paints and coatings, its demand declined.
Furthermore, ethyl acetate-based items like printing inks and adhesives saw a decline in demand due to the closure of non-essential enterprises and the transition to online purchasing. However, because more personal protective equipment (PPE) and other medical supplies were produced during the pandemic, there was a rise in demand for ethyl acetate in the healthcare sector. It assisted in somewhat offsetting the decline in demand from other sectors of the economy.
One of the key forces behind the growth of many economic businesses is the chemical industry. There has long been a usage for ethyl acetate in several end-user industries. Over the past few decades, there has been a tremendous transition in the global chemical sector. Several factors have contributed to the recent expansion of the chemical industry, including the use of better raw materials, notable advancements in chemical processes, and technical innovations. Global ethyl acetate production will continue to be influenced by economic considerations, but the fast-growing population will also raise demand for food and drink, medications, and cars.
• For instance, in July 2022, Yip’s Chemical said it had signed an agreement to sell a 51% effective interest in Handsome Chemical, a subsidiary of its solvents business, to investment firm PAG for around CNY 2.3 billion. Handsome Chemical is the world’s largest acetate solvent producer, with an annual production capacity of more than 1.6 m tons.
(Source:https://www.dealstreetasia.com/stories/pag-acquires-51-in-yips-301750)
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The major businesses are always coming up with new ideas to broaden their customer base and create affordable goods. To get a competitive advantage, these businesses also engage in several strategic activities, including mergers and acquisitions and the introduction of new products. Celanese Corp., for example, unveiled several improved sustainable choices for various acetyl chain materials in February 2023 that included mass balance bio-content. These new options, dubbed ECO-B, are in line with the cutting-edge bio-based solutions that were previously unveiled to serve the needs of consumers of engineered materials. The main income generators for the regional market are the United Kingdom, Germany, and France since these nations are home to a sizable number of producers and suppliers of chemical goods, food and beverage items, and machinery.
Top Companies Market Share in Ethyl Acetate Industry: (In no particular order of Rank)
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The Asia Pacific region was leading in terms of consuming Ethyl Acetate. On the other hand, the Asia Pacific region's ethyl acetate prices were constantly changing. During the first two months of 2023, ethyl acetate prices in the Asian market rose steadily. Since the end of the Chinese New Year break, prices have risen significantly as market players have restocked on basic supplies. Meanwhile, end-user sectors like paints and coatings had a significant demand for ethyl acetate. Due to the existence of a large number of manufacturers, significant expenditures in pharmaceutical R&D, and the nation's growing packaging sector, China has the biggest revenue share in the regional market. It also has enormous production facilities and is the world's biggest exporter of ethyl acetate. The Japanese market is expected to increase significantly between 2021 and 2030 as a result of the nation's expanding automotive, construction, packaging, and pharmaceutical industries as well as technical improvements in manufacturing facilities.
Europe was the second-largest region and is expected to grow at the highest CAGR of xx% over the forecast period. Major industrial economies in the area include Germany, France, and the UK. These countries are home to an increasing number of suppliers and manufacturers of automotive, chemical, food and beverage, and packaging solutions. Another developed, industrialized region with advanced industries is Europe. The need for ethyl acetate will rise predictably in the pharmaceutical, food, and beverage sectors. Renewable ethyl acetate is also being progressively included by the European industry in their sustainability strategies.
The current report Scope analyzes Ethyl Acetate Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Ethyl Acetate Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Ethyl Acetate Industry growth. Ethyl Acetate market has been segmented with the help of its Application, End-use Distribution Channel, and others. Ethyl Acetate market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on the application, the global Ethyl Acetate market is segmented into Paints & Coatings, Solvents, Printing Inks, and Others. Among these, the Paints and Coatings sector is dominating the Ethyl Acetate market. In 2024, this sector held about xx% of the market share and is anticipated to dominate the market even in the forecast period. Because of its pleasant scent and low toxicity, ethyl acetate is employed as a solvent in inks for flexographic and rotogravure printing. Its primary functions are to change the drying rate, control viscosity, and dissolve the resin. Throughout the forecast period, the packaging industry's growing need for printing inks is anticipated to propel the ethyl acetate market.
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The automotive segment dominated the market with a revenue share of xx% in 2024. The growth is attributed to the growing sales of passenger vehicles along with the increasing adoption of electric vehicles (EVs) globally. The substance is used in the process of auto refinishing, which includes fixing and renovating cars and other vehicles. Because it is a popular constituent in lacquers, thinners, and varnishes that coat surfaces, it is also employed as an auto thinner. During the course of the projected period, packaging, which was the second-largest category, is predicted to rise at a CAGR of xx%. Plastic films and pouches, as well as other flexible packaging materials, are made from ethyl acetate. Furthermore, ethyl acetate's ecologically benign qualities are in line with the automobile industry's growing emphasis on sustainable and eco-friendly practices. Its appealing option and ability to mix decreased environmental effects with performance have led to a significant presence in the automotive section of the ethyl acetate industry.
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The offline distribution channel segment dominated the market with a revenue share of xx% in 2024 as it enables manufacturers to establish direct relationships with the end-users, thereby enabling a close understanding of the client's specific needs and ensuring timely supply. Customised solutions are frequently possible with direct sales as the producer may adjust the product's parameters to precisely match the needs of the end customers. Their supremacy in the market is also attributed to the strict quality control, customized solutions, and technical support provided by offline distributors, who provide trustworthy and individualized attention to the unique demands and requirements of industrial clients.
• For instance, In October 2021, Sekab is investing SEK 100 million to increase the production of chemicals such as acetaldehyde, ethyl acetate, and acetic acid, for industrial use made from renewable raw materials.
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Ethyl Acetate is a highly volatile liquid of low viscosity and a fruity odor. When ethanol and acetic acid combine, this molecule is created. Global ethyl acetate production will continue to be influenced by economic considerations, but the fast-growing population will also raise demand for food and drink, medications, and cars. The need for ethyl acetate will rise predictably in the pharmaceutical, food, and beverage sectors. The major businesses are always coming up with new ideas to broaden their customer base and create affordable goods.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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Application | Paints & Coatings, Solvents, Printing Inks |
End-use | Construction, Packaging, Automotive, Pharmaceuticals, Industrial & Dry Cleaning |
Distribution Channel | Online, Offline |
List of Competitors | Celanese, Shandong Jinyimeng Chemical, Showa Denko, Rhodia Group, Atanor, Eastman, KAI CO. LTD., Linde PLC, Sasol Limited, SHOWA DENKO KK, Sipchem, Solvay, Yip's Chemical Holdings Limited |
This chapter will help you gain GLOBAL Market Analysis of Ethyl Acetate. Further deep in this chapter, you will be able to review Global Ethyl Acetate Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Ethyl Acetate. Further deep in this chapter, you will be able to review North America Ethyl Acetate Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Ethyl Acetate. Further deep in this chapter, you will be able to review Europe Ethyl Acetate Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Ethyl Acetate. Further deep in this chapter, you will be able to review Asia Pacific Ethyl Acetate Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Ethyl Acetate. Further deep in this chapter, you will be able to review South America Ethyl Acetate Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Ethyl Acetate. Further deep in this chapter, you will be able to review Middle East and Africa Ethyl Acetate Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Ethyl Acetate. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Application Analysis 2019 -2031, will provide market size split by Application. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Application Analysis 2021 - 2033
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Chapter 11 Market Split by End-use Analysis 2021 - 2033
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Chapter 12 Market Split by Distribution Channel Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Ethyl Acetate market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Paints & Coatings have a significant impact on Ethyl Acetate market? |
What are the key factors affecting the Paints & Coatings and Solvents of Ethyl Acetate Market? |
What is the CAGR/Growth Rate of Construction during the forecast period? |
By type, which segment accounted for largest share of the global Ethyl Acetate Market? |
Which region is expected to dominate the global Ethyl Acetate Market within the forecast period? |
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