Authored By: Sarah
11 Jul 2024

 Ethyl Acetate Market to grow by USD 1445.7 million between 2024-2028

According to a research report “ Ethyl Acetate Market” by Application (Paints and coatings, Printing ink, Process solvents, Others) End-user (Construction, Automotive, Furniture, Food and beverages, Others) Geography (APAC, Europe, North America, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 1445.7 million at a CAGR of over 5.07% during the forecast period. Ethyl acetate, a significant player in the food processing industry, saw substantial usage in the food and beverage sector in 2022. With a market share exceeding 30%, the US and China led the global market. In the beverage industry, ethyl acetate functioned as a flavoring agent, contributing to both alcoholic and non-alcoholic beverage production. Notably, it was instrumental in the manufacture of vodka and gin..

Browse market data tables, figures, and in-depth TOC on “Ethyl Acetate Market” by Application (Paints and coatings, Printing ink, Process solvents, Others) End-user (Construction, Automotive, Furniture, Food and beverages, Others) Geography (APAC, Europe, North America, Middle East and Africa, South America) Global Forecast to 2028.

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By Application, the Paints and coatings segment is projected to dominate the market size in 2024.

The Ethyl Acetate market witnesses robust growth, driven by its extensive applications in various industries. Key sectors include pharmaceuticals, food and beverages, and coatings. Ethyl Acetate's versatility as a solvent and its ability to act as an intermediate in chemical reactions fuel market expansion. Its eco-friendly nature, as it is biodegradable and has low toxicity, further enhances its market appeal. Global demand for Ethyl Acetate continues to surge, underpinned by increasing industrialization and urbanization.

By End-user, Construction  segment is expected to hold the largest market size for the year 2024.

The Ethyl Acetate market witnesses robust growth, driven by its extensive applications in various industries. Key sectors include pharmaceuticals, food and beverages, and coatings. Ethyl Acetate's versatility as a solvent and its ability to act as an intermediate in chemical reactions fuel market expansion. Its eco-friendly nature, as it is biodegradable and has low toxicity, further enhances its market appeal. Global demand for Ethyl Acetate continues to surge, underpinned by increasing industrialization and urbanization.

APAC is forecasted to hold the largest market size by region in 2024.

The Ethyl Acetate market witnesses robust growth, driven by its extensive applications in various industries. Key sectors include pharmaceuticals, food and beverages, and coatings. Ethyl Acetate's versatility as a solvent and its ability to act as an intermediate in chemical reactions fuel market expansion. Its eco-friendly nature, as it is biodegradable and has low toxicity, further enhances its market appeal. Global demand for Ethyl Acetate continues to surge, underpinned by increasing industrialization and urbanization.

The Ethyl Acetate Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • ALPHA CHEMIKA
  • Celanese Corp.
  • Chemoxy International Ltd.
  • Daicel Corp.
  • Eastman Chemical Co.
  • Ernesto Ventos SA
  • Esters and Solvents LLP
  • INEOS AG
  • Jiangsu Sopo Corp. Ltd.
  • Merck and Co. Inc.
  • Mitsubishi Chemical Group Corp.
  • Otto Chemie Pvt. Ltd.
  • Saiper Chemicals Pvt Ltd.
  • Sekab
  • SEQENS GROUP
  • Solventis Ltd.
  • Thermo Fisher Scientific Inc.
  • Triveni Interchem Pvt. Ltd.
  • Wacker Chemie AG
  • Zhengzhou Meiya Chemical Products Co. Ltd.
.

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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 plays a significant role in various industries, including Chemicals and Pharmaceuticals. Ethyl Acetate is a versatile chemical compound used as a solvent, process solvent, and flavor enhancer in numerous applications. In the Automotive segment, Ethyl Acetate is utilized in the production of Plastic, Cardboard, and Paper products for Vibrant printed designs, Barrier properties, and Packaging durability. It is also employed in the Coating solutions and Polymer resins used in Pouches, Plastic films, and Passenger vehicles during the Auto refinishing process. Ethyl Acetate is a crucial component in the Synthetic leather production for Apparel, Belts, and Cruelty-free leather accessories. Additionally, Ethyl Acetate is used in Solvent-based printing inks, Chromatographic separation processes, and Car care products. The Ethyl Acetate Market offers benefits such as Improved shelf life, Easy recyclability, Increased flexibility, Low cost & weight, and Flexible packaging solutions. Regulatory enforcement in the Paints & coatings application, Binders, Solvents, and Pharmaceutical intermediates sectors ensures the safe and responsible use of Ethyl Acetate.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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