Ethyl Acetate Market - Forecast(2024 - 2030)

Report Code: CMR 70941 Report Format: PDF + Excel


Ethyl Acetate Market size is forecast to reach the market size of $4.9 billion, grow at a CAGR of 4.2% during 2020-2025. Increasing demand from the flexible packaging industry is leading the market growth of ethyl acetate. Apart from this, the replacement of conventional coatings by high solid and water-borne coatings is expected to hinder the growth of ethyl acetate industry.

Ethyl acetate, also known as ethyl ethanoate, acetoxyethane, acetic acid ethyl ester, acetic ether, ethyl acetic ester, vinegar naphtha, acetic acid, ethyl ester, ethylacetate, acetidin, acetic ester, is one organic compound and is used predominantly as a solvent in various reactions. Ethyl acetate is obtained through the direct esterification of ethyl alcohol with acetic acid, a process that involves combining acetic acid with excess ethyl alcohol and adding a small amount of sulphuric acid.

Report Coverage

The report: “Ethyl Acetate Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Ethyl Acetate Industry.

Key Takeaways

Innovations in production of ethanol from coal or natural gas industry is likely to act as an opportunity in future.

The rapidly expanding of construction industry due to the demand of new infrastructure and the income of green field investments across various sectors are becoming the major factors which helps to dominate the APAC region in ethyl acetate market.

By Application - Segment Analysis

Ethyl acetate has a wide range of applications as an effective solvent for nail polish removers, nail polishes and base coats. It has a fruity flavor and works in nail polish as a film-forming agent. It is also used in the extraction of nail polish as it is soft on nail enamel and absorbs nail paint easily. Frequent spa and salon customer visits to hold the nails will add to market demand. Increasing demand for nail products due to growing awareness of personal grooming, particularly in younger generations, may boost demand for products in applications for nail care. On the other hand, for paints and entomological killing agent, it is also used as an activator or hardener and as a solvent for inks, enamels and other chemical processes. Increasing disposable income and evolving behavior fuels the fragrance market, which in turn creates substantial opportunities for ethyl acetate to develop.

By End User - Segment Analysis

Food and beverages had the largest volume share on the global market for ethyl acetate in 2017 by end-use industries and is expected to grow with the CAGR of 4.1% over the forecast period from 2020 to 2025. It is anticipated that increasing demand for food & drinks would drive growth in the global market for ethyl acetate. Due to the increasing demand for ethyl acetate from the packaging industry, Asia Pacific had a significant market share in the global market for ethyl acetate in 2017. In the manufacture of plastic packaging, polyester and BOPP movies, ethyl acetate is used. In addition to packaging, the development in the region's online food distribution and e-retail business is expected to drive growth in the Asia Pacific ethyl acetate market during the forecast period due to rising food and beverage demand. Nonetheless, replacing solvent-based coating with water-borne coatings during the forecast period that impede the growth of the ethyl acetate industry.

Geography - Segment Analysis

It is predicted that Asia-Pacific will control the market demand analyzed during the forecast period with market share of more than 70% in 2019. Due to rising household incomes and urbanization levels in countries such as India, China, and Malaysia, significant growth rates are anticipated in Asia-Pacific. In terms of growth, China is the second largest economy in the world, and the increasing income rate of the country's population is driving the economy higher. Although in recent years the economy has seen steady growth, it is likely to recover and expand at a significant rate. In the recent past, demand for ethyl acetate has grown steadily over India. Automotive, meat, drink, and furniture are the main end-user industries in the country which hold significant shares in ethyl acetate use. In addition, increasing output of new vehicles, along with expanding manufacturing facilities in the region, demand for automotive coatings is expected to continue to rise in the coming years, which is expected to drive demand for the market being studied.

Drivers – Ethyl Acetate Market

Growing demand from paints and coatings application leads the market growth.

Ethyl acetate has its applications in a range of painting formulas in the paints and coatings business, such as epoxies, urethanes, cellulosic, acrylics, and vinyl. Ethyl acetate is the main use in oils as an activator and hardener. The global market for paints and coatings is rising at a healthy rate, largely due to the increasing housing construction activities in Asia-Pacific emerging economies, along with a rise in Asia-Pacific and Europe automobile production. With increasing housing development, population, and income levels in countries like India, China, Mexico, and Brazil, furniture demand is rising at a healthy rate. This scenario is expected to increase demand for wood coatings, in effect enhancing the use of ethyl acetate used to formulate these coatings, which further propels the market demand analyzed during the forecast period.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Ethyl Acetate market. In 2019, the market of Ethyl Acetate has been consolidated by the top five players accounting for xx% of the market share. Ethyl Acetate top 10 companies are Celanese Corporation, INEOS, Eastman Chemical Company, Solvay S.A., Jiangsu Sopo (Group) Co., Ltd., Sigma-Aldrich Corp., Jubilant Life Science Ltd., and Jinyimeng Group Co. Ltd., among others.
1. Ethyl Acetate Market - Overview
        1.1 Definitions and Scope
2. Ethyl Acetate Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Ethyl Acetate Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Ethyl Acetate Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Ethyl Acetate Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Ethyl Acetate Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Ethyl Acetate Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Ethyl Acetate Market - By Product Type (Market Size -$Million / $Billion)
9. Ethyl Acetate Market - By End-user Industry (Market Size -$Million / $Billion)
9.1 Food & Beverage
9.2 Pharmaceuticals
9.3 Automobile
9.4 Artificial Leather
9.5 Packaging
9.6 Others
10. Ethyl Acetate - By Application (Market Size -$Million / $Billion)
10.1 Adhesives and Sealant Chemicals
10.2 Paint Additives and Coating Additives
10.3 Pigments
10.4 Solvents
10.5 Intermediates
10.6 Others
11. Ethyl Acetate- By Geography (Market Size -$Million / $Billion)
        11.1 Ethyl Acetate Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
         Rest of North America
        11.3 Ethyl Acetate- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
         Costa Rica
         Rest of South America
        11.5 Ethyl Acetate- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
         Rest of Europe
        11.7 Ethyl Acetate - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
         South Korea
         Hong Kong
         Rest of APAC
        11.9 Ethyl Acetate - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
         Saudi Arabia
            11.10.6 Africa Segment Analysis
         South Africa
         Rest of Middle East & Africa
12. Ethyl Acetate Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Ethyl Acetate Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at the global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Ethyl Acetate Market - Key Company List by Country Premium
15. Ethyl Acetate Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Alcohol Industrial Co, Ltd
        15.3 Bp
        15.4 Celanese Corporation
        15.5 Daicel Corporation
        15.6 Dhampur Sugar Mill Ltd
        15.7 Eastman Chemical Company
        15.8 Ercros
        15.9 Godavari Biorefineries
        15.10 Gujarat Narmada Valley Fertilizer Chemical Ltd
        15.11 Ineos Group Limited
        15.12 Jiangsu Sopo Co, Ltd
        15.13 Jinyimeng Group Co. Ltd
        15.14 Jubilant Life Science
        15.15 Laxmi Enterprise
        15.16 Lcy Chemical Corp
        15.17 Merck Kgaa
        15.18 Nippon Gohsei Co Ltd
        15.19 Rhodia S A
        15.20 Sasol Limited
        15.21 Showa Denko
        15.22 Sipchem
        15.23 Wuxi Baichuan Chemical Industrial Co, Ltd
        15.24 Company 23
        15.25 Company 24 & More
*Financials would be provided on a best efforts basis for private companies
16. Ethyl Acetate Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Ethyl Acetate Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends