Ethyl Acetate Market 2022-2028

Description

List of Tables

Global Ethyl Acetate Market Size, Share & Trends Analysis Report by Application (Adhesives and Sealants, Paints and Coatings, Pigments, Process Solvents, and Intermediates) By End User (Automotive, Artificial Leather, Food and Beverage, Pharmaceuticals) 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 an organic ester compound that is commonly used as a solvent for cleaning, painting removal, and coatings. The primary factor driving the growth of the global ethyl acetate market is the strong demand from surface coatings application and the replacement for restricted solvents. Ethyl acetate is thus witnessing increasing acceptance from various industries worldwide owing to reduced toxicity levels and low cost. Moreover, the fruity and scent-like odor of ethyl acetate has made it a substitute ingredient in alcoholic beverages such as beer and wine. Further, it is extensively used as a component of nail polish removers and lacquer thinners and in laboratories, the solvent of Ethyl Acetate is commonly used in thin-layer and column chromatography. In addition, ethyl acetate is also used in the pharmaceutical industry as a solvent for crystallization or as an intermediate in the production of drugs such as rifampicin and sulphamethoxazole.

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.

Geographically market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific accounted for a significant CAGR in the global ethyl acetate market in 2021. The rapid urbanization in developing countries such as China and India are likely to drive the automotive industry in these countries in the next few years. This is expected to boost the ethyl acetate market in China and India during the forecast period and thus, an increase in the demand for paints and coatings from construction and automotive industries in this region is expected to propel the demand for ethyl acetate in the next few years.

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 March 2021, HELM U.S. Corporation and Viridis Chemical, LLC announced an exclusive Global Marketing Partnership to buy and distribute USP grade bio-based Ethyl Acetate and bio-based Ethanol produced at Viridis Chemical's Columbus, Nebraska production site. HELM plans to take over global sales, logistics, and marketing management for both of Viridis Chemical's products simultaneously.

Research Methodology

The market study of the global ethyl acetate market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.
Whitepapers, research papers, and news blogs.
Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Ethyl Acetate Market Research and Analysis by Application

2. Global Ethyl Acetate Market Research and Analysis by End-user

The Report Covers:

Comprehensive Research Methodology of the global ethyl acetate market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global ethyl acetate market.
Insights about market determinants that are stimulating the global ethyl acetate market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players

Product Code: OMR2026297

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