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Ethyl Acetate Market Growth, Trends, Industry Statistics 2022-2030

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The global Ethyl Acetate market size is expected to be worth around US$ 10.3 billion by 2030, according to a new report by Vision Research Reports.

The global Ethyl Acetate market size was valued at US$ 5.7 billion in 2020 and is anticipated to grow at a CAGR of 9.8% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 10.3 Billion by 2030
Growth Rate CAGR of 9.8% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered End use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Solvay; Eastman Chemical Company; Sasol Limited; INEOS

Growth Factors

This is attributed to the growing investments in the construction, pharmaceuticals, and automotive sector. There has also been a significant rise in the production of sustainable packaging products such as flexible packaging due to increasing environmental concerns, which is anticipated to propel the demand for solvent-based printing inks in the packaging industry over the forecast period.

Ethyl acetate solvents are witnessing an increase in demand across the world owing to their growing application scope in various key end-use industries such as fragrances, food, and beverages, automotive, Pharmaceuticals, and packaging. Further, it is used in coating formulations such as acrylics, urethanes, and epoxies. These coatings are applied on fixtures, wood furniture, and mining equipment.

By End-use Analysis

The food and beverage segment dominated the market and accounted for the largest revenue share of 25.9% in 2020. This high share is attributable to increased usage in various food products such as fruits, dairy, meat, and vegetables among others due to its low toxicity, agreeable odor, and low cost.

The pharmaceutical application segment is another large segment in the market. The segment accounted for a revenue share of around 24.o% in 2020.

tThe auto refinishing process, which involves refurbishing and repairing automobiles and other transportation vehicles. It has a wide scope of application in the manufacturing process of artificial leather as the ethyl acetate solvent plays a vital role in the leather production process.

By Regional Analysis

In Asia Pacific, the market accounted for the highest revenue share of 50.0% in 2020. This is attributed to the rising urbanization and research and development for the creation of technologically advanced products at an affordable rate.

In North America, ethyl acetate is mainly used for manufacturing printing inks, paints, and coatings, synthetic leather, etc. The increasing consumption of these products is expected to contribute to the growth of the ethyl acetate market in the region.

Europe has the presence of major industrial economies, such as the U.K., Germany, and France which have a continuously increasing number of manufacturers and suppliers of automobiles, food products, and beverages, packaging solutions.

Key Players

  • Solvay
  • Eastman Chemical Company
  • Sipchem
  • Sasol Limited
  • Daicel Corporation

Market Segmentation

  • By End-use
    • Food & Beverages
    • Pharmaceutical
    • Automotive
    • Artificial Leather
    • Packaging
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • France
    • Asia Pacific
      • China
      • India
      • Japan
    • Central & South America
    • Middle East & Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape        List of Suppliers        List of Buyers

Chapter 7.  Global Ethyl Acetate Market, By End-use

7.1.  Ethyl Acetate Market, by End-use, 2021-2030

7.1.1.    Food & Beverages        Market Revenue and Forecast (2017-2030)

7.1.2.    Pharmaceutical        Market Revenue and Forecast (2017-2030)

7.1.3.    Automotive        Market Revenue and Forecast (2017-2030)

7.1.4.    Artificial Leather        Market Revenue and Forecast (2017-2030)

7.1.5.    Packaging        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Ethyl Acetate Market, Regional Estimates and Trend Forecast

8.1.  North America

8.1.1.    Market Revenue and Forecast, by End-use (2017-2030)

8.1.2.    U.S.

8.1.3.    Rest of North America        Market Revenue and Forecast, by End-use (2017-2030)

8.2.  Europe

8.2.1.    Market Revenue and Forecast, by End-use (2017-2030)

8.2.2.    UK        Market Revenue and Forecast, by End-use (2017-2030)

8.2.3.    France        Market Revenue and Forecast, by End-use (2017-2030)

8.2.4.    Rest of Europe        Market Revenue and Forecast, by End-use (2017-2030)

8.3.  APAC

8.3.1.    Market Revenue and Forecast, by End-use (2017-2030)

8.3.2.    India        Market Revenue and Forecast, by End-use (2017-2030)

8.3.3.    China        Market Revenue and Forecast, by End-use (2017-2030)

8.3.4.    Japan        Market Revenue and Forecast, by End-use (2017-2030)

8.3.5.    Rest of APAC        Market Revenue and Forecast, by End-use (2017-2030)

8.4.  MEA

8.4.1.    Market Revenue and Forecast, by End-use (2017-2030)

8.4.2.    GCC        Market Revenue and Forecast, by End-use (2017-2030)

8.4.3.    North Africa        Market Revenue and Forecast, by End-use (2017-2030)

8.4.4.    South Africa        Market Revenue and Forecast, by End-use (2017-2030)

8.4.5.    Rest of MEA        Market Revenue and Forecast, by End-use (2017-2030)

8.5.  Latin America

8.5.1.    Market Revenue and Forecast, by End-use (2017-2030)

8.5.2.    Brazil        Market Revenue and Forecast, by End-use (2017-2030)

8.5.3.    Rest of LATAM        Market Revenue and Forecast, by End-use (2017-2030)

Chapter 9.    Company Profiles

9.1.  INEOS

9.1.1.    Company Overview

9.1.2.    Product Offerings

9.1.3.    Financial Performance

9.1.4.    Recent Initiatives

9.2.  Solvay

9.2.1.    Company Overview

9.2.2.    Product Offerings

9.2.3.    Financial Performance

9.2.4.    Recent Initiatives

9.3.  Eastman Chemical Company

9.3.1.    Company Overview

9.3.2.    Product Offerings

9.3.3.    Financial Performance

9.3.4.    Recent Initiatives

9.4.  Sipchem

9.4.1.    Company Overview

9.4.2.    Product Offerings

9.4.3.    Financial Performance

9.4.4.    Recent Initiatives

9.5.  Sasol Limited

9.5.1.    Company Overview

9.5.2.    Product Offerings

9.5.3.    Financial Performance

9.5.4.    Recent Initiatives

9.6.  Daicel Corporation

9.6.1.    Company Overview

9.6.2.    Product Offerings

9.6.3.    Financial Performance

9.6.4.    Recent Initiatives

Chapter 10.  Research Methodology

10.1.              Primary Research

10.2.              Secondary Research

10.3.              Assumptions

Chapter 11.  Appendix

11.1.              About Us

11.2.              Glossary of Terms

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