Latest News - Ethyl Acetate Market: Paints and coatings are expected to lead the Application segment during 2024-2028

The Ethyl Acetate Market is being driven by Increasing demand for ethyl acetate from food processing industry

The Ethyl Acetate Market is expected to grow at a CAGR of 5.07% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1445.7 million. In the business world, the shift towards sustainability is driving the surge in demand for green solvents, including ethyl acetate. This naturally-derived solvent is gaining popularity due to its minimal environmental impact and increasing regulatory pressure to reduce emissions and health hazards. Notably, the commercial-scale production of ethyl acetate, traditionally derived from petroleum or natural gas, is now being achieved using renewable resources, making it a more eco-friendly and attractive option for businesses. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Paints and coatings
  • Printing ink
  • Process solvents
  • Others
• End-user
  • Construction
  • Automotive
  • Furniture
  • Food and beverages
  • Others
• Geography
  • APAC
    • China
    • India
    • Indonesia
    • Japan
  • Europe
    • Germany
  • North America
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand for ethyl acetate from food processing industry
• Rising penetration of personal care products in emerging markets
• Rise in demand for ethyl acetate in construction materials

However, the market also witnesses some limitations, which are as follows:

• Volatile nature of natural ingredients
• Increased exposure of ethyl acetate market to macroeconomic factors
• Strict government regulations

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Market Scope in Ethyl Acetate Market Research Report

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Research Analysis Overview

In the Chemicals industry, Ethyl Acetate Market plays a significant role in the production of various products. This solvent is extensively used as a binding agent in the manufacture of Pharmaceutical intermediates and Resins. Ethyl Acetate also serves as a crucial component in the synthesis of Pigments, providing Enhanced adhesion and Low VOC content. In the realm of Synthetic leather production, Ethyl Acetate is indispensable, contributing to Quick drying and Synthetic leather's flexibility. Ethyl Acetate Market finds extensive applications in Solvent-based printing inks, Chromatographic separation processes, and Car care products. The Ethyl Acetate Market is driven by the demand for Improved shelf life and Easy recyclability. Additionally, Ethyl Acetate's ability to function as a Viscosity control agent further expands its utility in various industries. Ethyl Acetate's versatility makes it an essential component in the production of Additives and Binders, thereby fueling its market growth.

Market Research Overview

The Ethyl Acetate market is a segment of the specialty chemicals industry, focusing on manufacturers producing high-value-added chemicals for various applications. These include solvents, esters, and intermediates in the production of coatings, plastics, pharmaceuticals, and food and beverages. According to Technavio, market expansion will be fueled by the increasing demand for specialty adhesives and sealants, which utilize Ethyl Acetate as a key ingredient. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/