Ethyl Acetate Market
Global Ethyl Acetate Market Size, Share & Trends Analysis Report by Application (Adhesives and Sealants, Paints and Coatings, Pigments, Process Solvents, Intermediates, and Others) By End-User (Automotive, Artificial Leather, Food and Beverage, Pharmaceuticals, and Others) Forecast Period 2022-2028
The global market for ethyl acetate is projected to have a considerable CAGR of around 4.9% during the forecast period. Ethyl acetate is extensively used as a solvent for high-resolution printing inks and laminated adhesives employed in various types of flexible packaging and plastic films owing to its rapid evaporation property. Ethyl acetate is extensively employed in the solvent cast process to manufacture flexible packaging films. Flexible packaging is widely used in the packaging industry as it is very flexible and available in a variety of sizes, has a long shelf life, is less expensive, and can be recycled. These benefits make flexible packaging a preferred type of packaging in several industries. The construction industry as a whole is expanding at a rapid rate. According to Oxford Economics, the construction industry is expected to develop at a rate of 3.9% per year by 2030. The demand for paints and coatings is expected to be fuelled by the industry's steady growth. This, in turn, is expected to drive ethyl acetate demand in the coming years.
Segmental Outlook
The global ethyl acetate market is segmented based on application and end-user. Based on the application, the market is further classified into adhesives and sealants, paints and coatings, pigments, process solvents, intermediates, and others. Further, based on the end-user the market is classified into automotive, artificial leather, food and beverage, pharmaceuticals, and others.
Global Ethyl Acetate Market Share by Application, 2021 (%)
The Paints and Coatings Are Considered The Dominating Segment In The Global Ethyl Acetate Market.
Among application, the paints and coatings are estimated as dominating segment during the forecast period. Ethyl acetate is used in paints as an activator or hardener. It's also employed in coatings, adhesives, and rayon as an industrial solvent, primarily to dissolve the substance. It's a common element in surface-coating lacquers, varnishes, and thinners. Paints and coatings have two basic tasks that are of significant economic importance including decoration and protection. As a result, demand for paints and coatings is increasing at a healthy rate. The vast majority of paints and coatings manufactured around the world are used to embellish and protect new construction as well as to preserve existing structures, such as homes and flats, public buildings, and plants and factories. Remaining of the coatings are used to decorate and/or protect industrial products. Thus, increased usage of paints & coatings is estimated to fuel the market for Ethyl acetate.
Regional Outlook
Geographically, the global ethyl acetate market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (India, China, Japan, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). Europe is projected to have a significant CAGR in the Ethyl Acetate market due to the high production of automobile components in this region. Additionally, the European region invested highly in pharmaceutical companies is also of the major reasons behind the growth of ethyl acetate market size in this region.
Global Ethyl Acetate Market Growth, by region 2022-2028
Asia-Pacific to Hold a Considerable Share in the Global Ethyl Acetate Market
Geographically, Asia-Pacific is projected to hold a significant share global ethyl acetate market owing to the increasing household incomes and urbanization rates in countries such as China, India, Malaysia, among others. China was considered to be the largest passenger car manufacturer in the world. The Shanghai Automotive Industry Corporation was China’s leading vehicle manufacturer. In 2021, the firm sold over 5.46 million automobiles and delivered over 5.81 million vehicles, a 5.5% increase year over year. As a result, rising sales of automobiles are expected to raise the market for ethyl acetate, which is used in automotive paints and coatings. In addition, artificial leather is becoming more popular in India's automobile industry due to its breathability, heat resistance, and elasticity. The artificial leather market trends in various manufacturing sectors such as sun visors, door trims, roof lining, and other vehicles. As a result, the market for ethyl acetate is expected to rise as demand for artificial leather grows.
Market Players Outlook
The key players in the ethyl acetate market contribute significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market include Celanese Corp, Daicel Corp, Eastman Chemical Company Wuxi Baichuan Chemical Industrial Co. Ltd among others. These market players adopt various strategies such as product launches, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. In February 2021, Sahara International Petrochemical (Sipchem) announced a scheduled turnaround at its polymers plant, International Polymers (IPC), and its ethyl acetate plant, Sipchem Chemicals (SCC). The turnaround at SCC, which is conducted on its 100,000 t/yr ethyl/butyl acetate swing unit, also began on 1 February and is expected to last for 16 days.
The Report Covers
- Market value data analysis of 2022 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global ethyl acetate market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying 'who-stands-where in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Ethyl Acetate Industry
• Recovery Scenario of Global Ethyl Acetate Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Trade Analysis
2.2.3. Porter’s Analysis
2.2.4. Recommendations
2.2.5. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on key players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Ethyl Acetate Market, By Application
5.1.1. Adhesives and Sealants
5.1.2. Paints and Coatings
5.1.3. Pigments
5.1.4. Process Solvents
5.1.5. Intermediates
5.1.6. Others
5.2. Global Ethyl Acetate Market, By End User
5.2.1. Automotive
5.2.2. Artificial Leather
5.2.3. Food and Beverage
5.2.4. Pharmaceuticals
5.2.5. Others
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
6.4.1. Latin America
6.4.2. Middle East & Africa
7. Company Profiles
7.1. Ashok Alco - Chem Ltd
7.2. Celanese Corp
7.3. Daicel Corp
7.4. Eastman Chemical Co
7.5. Godavari Biorefineries Ltd.
7.6. Ineos Group Ltd
7.7. Jiangsu SOPO (Group) Co. Ltd
7.8. Jubilant Pharmova Limited
7.9. KAI Industries Co Ltd
7.10. Kanoria Chemicals & Industries Ltd
7.11. Linde plc
7.12. Lonza Group
7.13. Merck KGaA
7.14. PT. Indo Acidatama Tbk
7.15. Sasol Ltd
7.16. Saudi International Petrochemical Co
7.17. Shandong Jinyimeng Group Co. Ltd.
7.18. SHOWA DENKO K.K.
7.19. Wuxi Baichuan Chemical Industrial Co. Ltd
7.20. Yip's Chemical Holdings Ltd
1. GLOBAL ETHYL ACETATE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
2. GLOBAL ETHYL ACETATE IN ADHESIVES AND SEALANTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL ETHYL ACETATE IN PAINTS AND COATINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL ETHYL ACETATE IN PIGMENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL ETHYL ACETATE IN PROCESS SOLVENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL ETHYL ACETATE IN INTERMEDIATES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL ETHYL ACETATE IN OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL ETHYL ACETATE MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
9. GLOBAL ETHYL ACETATE IN AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL ETHYL ACETATE IN ARTIFICIAL LEATHERMARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL ETHYL ACETATE IN FOOD AND BEVERAGE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL ETHYL ACETATE IN PHARMACEUTICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL ETHYL ACETATE IN OTHER END-USERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. NORTH AMERICAN ETHYL ACETATE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN ETHYL ACETATE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
16. NORTH AMERICAN ETHYL ACETATE MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
17. EUROPEAN ETHYL ACETATE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. EUROPEAN ETHYL ACETATE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
19. EUROPEAN ETHYL ACETATE MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC ETHYL ACETATE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC ETHYL ACETATE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC ETHYL ACETATE MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
23. REST OF THE WORLD ETHYL ACETATE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. REST OF THE WORLD ETHYL ACETATE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
25. REST OF THE WORLD ETHYL ACETATE MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL ETHYL ACETATE MARKET, 2021-2028 (% MILLION)
2. IMPACT OF COVID-19 ON GLOBAL ETHYL ACETATE MARKET BY SEGMENT, 2021-2028 (% MILLION)
3. RECOVERY OF GLOBAL ETHYL ACETATE MARKET, 2021-2028 (%)
4. GLOBAL ETHYL ACETATE MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
5. GLOBAL ETHYL ACETATE MARKET SHARE BY END-USER, 2021 VS 2028 (%)
6. GLOBAL ETHYL ACETATE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL ETHYL ACETATE IN ADHESIVES AND SEALANTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL ETHYL ACETATE IN PAINTS AND COATINGS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL ETHYL ACETATE IN PIGMENTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL ETHYL ACETATE IN PROCESS SOLVENTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL ETHYL ACETATE IN INTERMEDIATES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL ETHYL ACETATE IN AUTOMOTIVE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL ETHYL ACETATE IN ARTIFICIAL LEATHERMARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL ETHYL ACETATE IN FOOD AND BEVERAGE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL ETHYL ACETATE IN PHARMACEUTICALS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL ETHYL ACETATE IN OTHER END-USERS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. US ETHYL ACETATE MARKET SIZE, 2021-2028 ($ MILLION)
18. CANADA ETHYL ACETATE MARKET SIZE, 2021-2028 ($ MILLION)
19. UK ETHYL ACETATE MARKET SIZE, 2021-2028 ($ MILLION)
20. FRANCE ETHYL ACETATE MARKET SIZE, 2021-2028 ($ MILLION)
21. GERMANY ETHYL ACETATE MARKET SIZE, 2021-2028 ($ MILLION)
22. ITALY ETHYL ACETATE MARKET SIZE, 2021-2028 ($ MILLION)
23. SPAIN ETHYL ACETATE MARKET SIZE, 2021-2028 ($ MILLION)
24. REST OF EUROPE ETHYL ACETATE MARKET SIZE, 2021-2028 ($ MILLION)
25. INDIA ETHYL ACETATE MARKET SIZE, 2021-2028 ($ MILLION)
26. CHINA ETHYL ACETATE MARKET SIZE, 2021-2028 ($ MILLION)
27. JAPAN ETHYL ACETATE MARKET SIZE, 2021-2028 ($ MILLION)
28. SOUTH KOREA ETHYL ACETATE MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF ASIA-PACIFIC ETHYL ACETATE MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF THE WORLD ETHYL ACETATE MARKET SIZE, 2021-2028 ($ MILLION
