Ethyl Acetate Market Size

Statistics for the 2023 & 2024 Ethyl Acetate market size, created by Mordor Intelligence™ Industry Reports. Ethyl Acetate size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Ethyl Acetate Industry

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Ethyl Acetate Market - Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 5.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration High

Major Players

Ethyl Acetate Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Ethyl Acetate Market Analysis

The global ethyl acetate market is projected to register a CAGR of over 5% during the forecast period.

The COVID-19 pandemic affected the sales of paints and coatings as construction activities were halted. However, the market recovered in the 2021-22 period, owing to rising consumption from various end-user industries such as automotive, food and beverages, and others. The demand for drugs like paracetamol, which consumes ethyl acetate-derived intermediates, has increased, thus stimulating the market demand in the pharmaceutical sector.

  • The major factor driving the market's growth is expected to be increasing demand from flexible packaging industries and applications in the paints and coatings industry. Additionally, stringent regulatory norms for natural leather production are likely to favor the market's growth.
  • On the flip side, the replacement of conventional coatings with water-borne and high-solid coatings may hinder the growth of the ethyl acetate market.
  • Innovations in the production of ethanol from coal/natural gas will likely provide new growth opportunities for the market.
  • The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.

Ethyl Acetate Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)