Market Overview

The Global Ethyl Acetate Market was valued at USD 5,854.2 million in 2023 and is expected to reach USD 9,909.2 million by 2031 while growing at a CAGR of 6.8% during the forecast period (2024-2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global ethyl acetate market growth. Ethyl acetate is an ester derived from the reaction between acetic acid and ethanol. This chemical compound, known for its sweet, fruity odor, is widely used as a solvent in various industries.

Increasing use in the food and beverage industry, coupled with a shift towards environmentally friendly solvents, propels the growth of the ethyl acetate market. However, obstacles like fluctuating raw material prices and stringent environmental regulations may impede market expansion.

Furthermore, the global ethyl acetate industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Application Analysis

The Global Ethyl Acetate Market is segmented among Adhesives and Sealants, Paints and Coatings, Pigments, Process Solvents, Intermediates, and Other Applications, based on Application. In 2023, Paints and Coatings accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By End-user Industry Analysis

The Global Ethyl Acetate Market is segmented among Automotive, Artificial Leather, Food and Beverage, Pharmaceuticals, and Other End-User Industries, based on End-user Industry. In 2023, Automotive accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Ethyl Acetate Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while Europe is expected to grow with the highest CAGR during the forecast period (2024 – 2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Celanese Corporation, Daicel Corporation, Eastman Chemical Company, INEOS, Jiangsu SOPO (Group) Co. Ltd, Jubilant Pharmova Limited, KAI Co. Ltd, Sasol, Sipchem, and SHOWA DENKO KK.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Ethyl Acetate Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Ethyl Acetate Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Ethyl Acetate Market Segmentation, By Application 

• Global Ethyl Acetate Market Share Analysis, By Application 

• Global Ethyl Acetate Market Growth Analysis, By Application 

• Global Ethyl Acetate Market Trends, By Application 

o Adhesives and Sealants

o Paints and Coatings

o Pigments

o Process Solvents

o Intermediates

o Other Applications (Flavor Enhancers, Inks)

6. Global Ethyl Acetate Market Segmentation, By End-user Industry

• Global Ethyl Acetate Market Share Analysis, By End-user Industry

• Global Ethyl Acetate Market Growth Analysis, By End-user Industry

• Global Ethyl Acetate Market Trends, By End-user Industry

o Automotive

o Artificial Leather

o Food and Beverage

o Pharmaceuticals

o Other End-User Industries (Packaging)

7. Global Ethyl Acetate Market Segmentation, By Region

• Global Ethyl Acetate Market Share Analysis, By Region

• Global Ethyl Acetate Market Growth Analysis, By Region

• Global Ethyl Acetate Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Celanese Corporation*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Daicel Corporation 

• Eastman Chemical Company

• INEOS

• Jiangsu SOPO (Group) Co. Ltd

• Jubilant Pharmova Limited

• KAI Co. Ltd

• Sasol

• Sipchem

• Showa Denko KK

 *Similar analysis will be provided for each company listed above.