Ethyl Acetate Market Report 2024-2033: Size, Growth, Trends, Analysis, Demand, Key Players

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Ethyl Acetate Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $7.65 billion In 2028 At A CAGR Of 10.4% :
The ethyl acetate market size has grown strongly in recent years. It will grow from $4.7 billion in 2023 to $5.15 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to chemical manufacturing demand, growth in packaging industry, textile industry applications, adhesive and sealant manufacturing, automotive paints and coatings.

The ethyl acetate market size is expected to see rapid growth in the next few years. It will grow to $7.65 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to bio-based and sustainable production, growth in paint and coating industry, expanding pharmaceutical sector, flexible packaging materials, increasing demand for printing inks. Major trends in the forecast period include growing demand in food and beverage industry, expanding applications in the paints and coatings sector, shift towards bio-based ethyl acetate, increasing use in pharmaceuticals, fluctuating raw material prices.

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Ethyl Acetate Market Major Segments
The ethyl acetate market covered in this report is segmented -
1) By Sales Channel: Direct Company Sale, Direct Import, Distributors and Traders.
2) By Application: Adhesives and Sealants, Paints and Coatings, Pigments, Process Solvents, Intermediates, Other Applications.
3) By End-user Industry: Automotive, Artificial Leather, Food and Beverage, Pharmaceuticals, Other End-user Industries.

Key Driver - Surging Demand For Ethyl Acetate Fueled By Robust Growth In Paints And Coatings Applications
The increasing demand for paints and coatings is expected to propel the growth of the ethyl acetate market. Ethyl acetate is commonly used as an industrial solvent in paints and coatings to dissolve pigments and act as a hardener, which gives long-lasting effects after application to surfaces. The construction industry and the application of painting and coating to existing buildings and infrastructure for décor and protection have significantly increased the usage of paints and coatings applications. According to the European Coatings article, paints and coatings saw a rise in volume from 14 percent in 2021 to 22 percent in 2022 with the majority of applications decorating new and old infrastructure. Therefore, the increasing demand for paint and coating applications is driving the growth of the ethyl acetate market.

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Prominent Trend -
Major companies operating in the ethyl acetate market are forming partnerships to develop new products and strengthen their positions in the market. Collaborations and partnerships in the ethyl acetate market foster innovation, leverage complementary expertise and accelerate the development and commercialization of advanced therapies by combining resources and capabilities. For instance, in January 2022, CropEnergies AG, a Germany-based company specializing in the production of bioethanol and other bio-based products partnered with Johnson Matthey a UK-based specialty chemicals and sustainable technologies company. This partnership uses Johnson Matthey technology to create ethyl acetate that is renewable. Through the partnership, a variety of common products will have their fossil carbon footprint reduced, and buyers will have a great chance to keep up with the sustainability trend. John Matthey's environmentally friendly technique generates ethyl acetate while reducing carbon emissions. The facility will be built to use renewable energy to create 50,000 tons of renewable ethyl acetate annually from feedstock that is renewable ethanol.

Ethyl Acetate Market Players
Major companies operating in the ethyl acetate market report are Ineos Capital Limited, Techstorm Advanced Materials, Covestro AG, Sasol Ltd., Solvay SA, DuPont de Nemours Inc., Nan Ya Plastics Corporation, Eastman Chemical Company, Celanese Corporation, Olin Corporation, Huntsman International LLC, Mapei S.p.A., H.B. Fuller Construction Products Inc., ADEKA CORPORATION, Saudi International Petrochemical Company, Hexion, KAI Co. Ltd., UPC Technology Corporation, Jubilant Pharmova Limited, Atul Ltd., Wuxi Baichuan Chemical Industrial Co. Ltd., Jiangsu Sopo Group Co. Ltd., Yip's Chemical Holdings Limited, Rhodia SA, Praxair Technology Inc., Galata Chemicals Galata Chemicals LLC, Berje Inc., Daicel Corporation, Showa Denko K.K., Chang Chun Plastics Co. Ltd.

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the ethyl acetate market in 2023 and is expected to be the fastest-growing region in the ethyl acetate market during the forecast period. The regions covered in the ethyl acetate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Ethyl Acetate Market Report Structure
3. Ethyl Acetate Market Trends And Strategies
4. Ethyl Acetate Market - Macro Economic Scenario
5. Ethyl Acetate Market Size And Growth
…..
27. Ethyl Acetate Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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