Ethyl Acetate Market Size, Share, Trends and Outlook 2023-2030.

Report Ovevriew

The Global Ethyl Acetate Market growing at a high CAGR during the forecast period (2023-2030).

Ethyl acetate is an ester, a chemical molecule that is extensively employed as a solvent in the manufacture of a variety of goods such as paints, lacquers, and inks. The chemical formula for ethyl acetate is CH3CO2CH2CH3.
At room temperature, it has a fruity, pleasant odor and is a colorless liquid. It is very combustible and needs specific handling and shipping precautions. Ethyl acetate is most often employed as a solvent in paints, varnishes, and adhesives.

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Market Drivers: Growing global infrastructure

Recent years have seen a considerable rise in global infrastructure construction as governments and private investors understand the necessity of modern and efficient infrastructure for economic prosperity. Emerging Asia-Pacific and African nations have invested heavily in infrastructure to enhance living conditions. It has led to the building of high-speed rail, ports, airports, and roads worldwide.
Rapid urbanization in developing nations has driven global infrastructure development. Urbanization requires infrastructure to sustain the rising population. Infrastructure has also grown due to globalization and the desire for better connection.

Ethyl acetate is a typical construction solvent. Many bridge, construction, and road paints and varnishes employ ethyl acetate as a solvent. It thins paint and coatings to the required viscosity.
Ethyl acetate is a solvent in building adhesives. For homogeneous mixtures, it dissolves polymers and other materials. Additionally, ethyl acetate cleans building sites. Cleaners use it to remove dirt, oil, and other pollutants from various surfaces. Rising infrastructural development drives the worldwide ethyl acetate market.

Market Segmentation:

Painting and coating manufacturers often use ethyl acetate as a solvent. Ethyl acetate dissolves pigments and other materials in paints and coatings to produce a homogeneous mixture. Moreover, it serves as a thinner to bring the paint or coating's viscosity down to the appropriate level.

Ethyl acetate is preferred as a solvent in certain types of paints and coatings due to its low toxicity and low evaporation rate, which allows for a longer open time, that is, the time during which the paint or coating can be applied before it begins to dry.

Market Companies:

INEOS, Eastman Chemical Company, Solvay, Merck KGaA, Daicel Corporation, Celanese Corporation, Sekab, Lonza, Solventis and Godavari Biorefineries Ltd.

By Application

• Adhesives and Sealants
• Coatings and Formulations
• Pigments
• Flavor Enhancers
• Process Solvents
• Intermediates

By End-User

• Food and Beverage
• Paints and Coatings
• Pharmaceuticals
• Artificial Leather
• Packaging

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

Geographical Share:

North America is an industrialized area with a high concentration of major industries. Because of strong demand from the automobile, construction, pharmaceutical, and food and beverage sectors, the United States accounts for the greatest proportion within North America. During the projection period, rising economic growth is predicted to raise demand from Mexico. The North American ethyl acetate market will expand steadily in the future years.

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