Ethyl Acetate Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Application (Adhesives and Sealants, Paints and Coatings, Pigments, Process Solvents, Intermediates, Other Applications), End-user Industry (Food and Beverage, Pharmaceuticals, Automotive, Artificial Leather, Packaging, Other End-user Industries), and Geography.

Market Snapshot

Ethyl Acetate Ma
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Market Overview

The ethyl acetate market is expected to register a CAGR of over 4% during the forecast period of 2019 - 2024. The major factors driving the market studied include the increasing demand from the flexible packaging industry. Replacement of conventional coatings by water-borne and high solid coatings is expected to significantly hinder the growth of the market studied.

  • Asia-Pacific is expected to dominate the global market during the forecast period.
  • Innovations in production of ethanol from coal/natural gas is likely to act as an opportunity in the future.

Scope of the Report

The ethyl acetate market includes:  

Application
Adhesives and Sealants
Paints and Coatings
Pigments
Process Solvents
Intermediates
Other Applications
End-user Industry
Food and Beverage
Pharmaceuticals
Automotive
Artificial Leather
Packaging
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Growing Demand from Paints and Coatings Application

  • Ethyl acetate finds its uses in a variety of coating formulations, such as epoxies, urethanes, cellulosics, acrylics, and vinyl, in the paints and coatings industry. The major usage of ethyl acetate is as an activator and hardener in paints.
  • The global paints and coatings market is growing at a healthy rate, majorly owing to the increasing housing construction activities in emerging economies of Asia-Pacific, along with a rise in the automotive production in Asia-Pacific and Europe.
  • With the increasing housing construction, population, and income-levels in countries, such as India, China, Mexico, and Brazil, the demand for furniture is increasing at a healthy rate.
  • This scenario is expected to increase the demand for wood coatings, in turn, boosting the consumption of ethyl acetate used for the formulation of these coatings, which is further propelling the demand for the market studied during the forecast period.
Ethyl Acetate Ma

To understand key trends, Download Sample Report

Asia-Pacific to Dominate the Demand

  • Asia-Pacific is expected to dominate the demand for the market studied during the forecast period. Significant growth rates are expected to be witnessed in Asia-Pacific, owing to the increasing household incomes and urbanization rates in countries, such as China, India, and Malaysia, etc.
  • China is the world’s second-largest economy in terms of growth, and the increasing level of income of the country’s population is further driving the economy. Though the economy witnessed a steady growth in the past years, it is likely to recover and expand at a significant rate.
  • The demand for ethyl acetate in India has been growing at a steady rate in the recent past. Automotive, food and beverage, and furniture are the key end-user industries that occupy significant shares in the consumption of ethyl acetate in the country.
  • The government’s initiative, to develop smart cities and to build almost 30 million homes by 2022, is likely to propel the demand for wood coatings. Rising floor renovating activities in the country and shift toward wooden flooring, primarily in commercial buildings, such as hotels and resorts, is boosting the demand for floor coatings.
  • Additionally, the increasing production of new vehicles, along with expanding manufacturing facilities in the country, the demand for automotive coatings is expected to grow further in the coming years, which is expected to drive the demand for the market studied.
Ethyl Acetate Ma

To understand geography trends, Download Sample Report

Competitive Landscape

The ethyl acetate market is partially consolidated in nature. Some of the major players of the market studied include INEOS, Sipchem, Celanese Corporation, and Eastman Chemical Company, among others.

Major Players

  1. Celanese Corporation
  2. INEOS
  3. Eastman Chemical Company
  4. Sipchem

* Complete list of players covered available in the table of contents below

Ethyl Acetate Ma

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand from the Flexible Packaging Industry

      2. 4.1.2 Stringent Regulatory Norms regarding Natural Leather Production

    2. 4.2 Restraints

      1. 4.2.1 Replacement of Conventional Coatings by Water-borne and High Solid Coatings

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Technological Snapshot

    6. 4.6 Feedstock Analysis

    7. 4.7 Import and Export Trends

    8. 4.8 Price Trends

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Adhesives and Sealants

      2. 5.1.2 Paints and Coatings

      3. 5.1.3 Pigments

      4. 5.1.4 Process Solvents

      5. 5.1.5 Intermediates

      6. 5.1.6 Other Applications

    2. 5.2 End-user Industry

      1. 5.2.1 Food and Beverage

      2. 5.2.2 Pharmaceuticals

      3. 5.2.3 Automotive

      4. 5.2.4 Artificial Leather

      5. 5.2.5 Packaging

      6. 5.2.6 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Celanese Corporation

      2. 6.4.2 Diacel Corporation

      3. 6.4.3 Eastman Chemical Company

      4. 6.4.4 INEOS

      5. 6.4.5 Jiangsu Sopo (Group) Co. Ltd

      6. 6.4.6 Jubilant Life Science

      7. 6.4.7 Kai Co. Ltd

      8. 6.4.8 Sasol

      9. 6.4.9 Sipchem

      10. 6.4.10 Showa Denko KK

      11. 6.4.11 Wuxi Baichuan Chemical Industrial Co. Ltd

      12. 6.4.12 Yip Chemical Holdings Limited

      13. 6.4.13 Praxair Technology Inc.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Innovations in Production of Ethanol from Coal/Natural Gas

**Subject to Availability

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please Enter a Valid Message!


Complete your payment details below

Shipping & Billing Information

Payment Information