Press release
Projected Growth and Trends in Global Ethyl Acetate Market: 2024-2029
Ethyl Acetate Market Outlook
What Is The Projected Market Size Of The Global Ethyl Acetate Market And Its Growth Rate?
The ethyl acetate market has been experiencing strong growth recently and is projected to continue this trend in the coming years:
• In 2024, the market size was $5.12 billion
• The market size is expected to rise to $5.6 billion in 2025 at a CAGR of 9.3%. This growth can be attributed to chemical manufacturing demand, growth in the packaging industry, textile industry applications, adhesive and sealant manufacturing, and an increase in the use of automotive paints and coatings.
• By 2029, the market is predicted to reach $8.64 billion at a CAGR of 11.5%. Growth during this forecast period will be facilitated by bio-based and sustainable production, growth in the paint and coating industry, expanding pharmaceutical sector, flexible packaging materials, and increasing demand for printing inks.
What Is Driving The Growth In The Ethyl Acetate Market?
The increasing demand for paints and coatings is a significant factor propelling the ethyl acetate market's growth. Ethyl acetate is widely used as an industrial solvent in paints and coatings to dissolve pigments and act as a hardener. It enhances the application's longevity after being applied to surfaces. The rise in the use of paints and coatings in the construction industry and for decorating and protecting existing infrastructure has amplified the use of ethyl acetate. As per the European Coatings article, the volume of paints and coatings rose from 14% in 2021 to 22% in 2022, decorating new and old infrastructure being the predominant applications. Thus, the growing demand for paint and coating applications is driving the ethyl acetate market growth.
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Who Are the Key Players Driving Ethyl Acetate Market Growth?
The ethyl acetate market consists of several key players, including:
• Celanese Corporation
• INEOS Group Ltd.
• Solvay S.A.
• Jiangsu Sopo (Group) Co., Ltd.
• Sekab Biofuels & Chemicals AB
• Eastman Chemical Company
• Daicel Corporation
• Shandong Jinyimeng Group Co., Ltd.
• Wuxi Baichuan Chemical Industrial Co., Ltd.
What Are The Key Trends In The Ethyl Acetate Market?
The key trends in the ethyl acetate market include:
• Increasing demand in the 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
What Are The Segments Of The Global Ethyl Acetate Market?
The global ethyl acetate market is segmented based on:
• Sales Channel: Direct Company Sale, Direct Import, Distributors And Traders
• Application: Adhesives And Sealants, Paints And Coatings, Pigments, Process Solvents, Intermediates, Other Applications
• End-user Industry: Automotive, Artificial Leather, Food And Beverage, Pharmaceuticals, Other End-user Industries
Which Region Leads The Ethyl Acetate Market?
Asia-Pacific was the largest region in the ethyl acetate market in 2024. It is predicted to be the fastest-growing region in the ethyl acetate market during the forecast period. The ethyl acetate market report includes regional insights about Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Ethyl Acetate Market Global Market Report?
- Market Size Analysis: Analyze the Ethyl Acetate Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Ethyl Acetate Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Ethyl Acetate Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Ethyl Acetate Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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Ethyl Acetate Price, Historical Charts, Forecasts & News
Product Name - Ethyl Acetate
HS Code - 29153100
Molecular Weight - 88.11g/mol
Chemical Formula - CH3COOC2H5
Synonyms - 141-78-6, Ethyl Ethanoate, Acetic Acid Ethyl Ester, Acetoxyethane, Acetic Ester
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability - Yes
Customization Scope - Our services can be customized as per the requirements of the customer
Post-Sale Analyst Support - 360-degree analyst support after service delivery
Region/Countries for which Data is available
Asia Pacific: China, India, Indonesia, Pakistan,…
