As per this study the Global Ethyl Acetate Market was valued USD 3.99 MN (by revenue) in 2022 and is anticipated to reach USD 9.57 MN by 2030 with a CAGR of 11.56%. By volume, the market was estimated XX Kilo Tons in 2022 and is expected to reach XX Kilo Tons by 2030 with a CAGR of XX%.
Ethyl Acetate is the colorless organic ester of ethanol & acetate, which has sweet characteristics smell, and molecular formula C4H8O2. The ethyl acetate is used as solvent & diluent in glues, paint removal, coatings, perfumes, adhesives, textiles, herbicides and many more applications.
Market Dynamics
Rising demand for epoxy, vinyl, acrylic and various coatings is driving the ethyl acetate growth. The growing importance of various coatings across furniture, construction, agriculture, mining and other areas is further contributing towards the growth of this market. In addition, growing agricultural sector, increasing demand for textiles, and booming packaging industry is also pushing the market demand higher.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of ethyl acetate.
Market Segmentation
The broad ethyl acetate market has been sub-grouped into application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Application
- Paints & Coatings
- Printing Ink
- Process Solvents
- Food & Beverage
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for ethyl acetate in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Ethyl Acetate Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the ethyl acetate market include INEOS (UK), Celanese (US), Eastman Chemical (US), Jiangsu Sopo (China), Jiangmen Handsome (China), Wuxi Baichuan (China), Jubilant (India), GODAVARI BIOREFINERIES LTD. (India), Sekab (Sweden), Korea Alcohol (South Korea), IOL Chemicals and Pharmaceuticals (India), Other Players. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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