Ethyl Acetate Global Market Report 2026

Ethyl acetate is an organic compound, the acetate ester formed by combining acetic acid and ethanol. It's a colorless liquid with a fruity odor, less dense than water, and vaporizes in air. Ethyl acetate is a natural product found in various plants such as Vitis rotundifolia and Cinnamomum burmannii. It is used as a solvent in paints, coatings, cleaning mixtures, decaffeinating coffee beans, and more.

The primary sales channels for ethyl acetate include direct company sales, direct import, and distributors & traders. Direct company sales involve utilizing various activities to sell ethyl acetate products directly to customers. The diverse applications of ethyl acetate span adhesives and sealants, paints and coatings, pigments, process solvents intermediates, and various other applications. These applications find use in end-user industries such as automotive, artificial leather, food and beverage, pharmaceuticals, and other sectors.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are impacting the ethyl acetate market by increasing costs of imported ethanol, acetic acid, and chemical processing equipment. Manufacturers in North America and Europe are most affected due to dependence on cross-border raw material supply, while Asia-Pacific faces pricing pressure in export-oriented solvent production. These tariffs are influencing solvent pricing and contract structures. However, they are also promoting local production, feedstock integration, and investment in bio-based solvent manufacturing.

The ethyl acetate market research report is one of a series of new reports from The Business Research Company that provides ethyl acetate market statistics, including ethyl acetate industry global market size, regional shares, competitors with a ethyl acetate market share, detailed ethyl acetate market segments, market trends and opportunities, and any further data you may need to thrive in the ethyl acetate industry. This ethyl acetate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The ethyl acetate market size has grown rapidly in recent years. It will grow from $5.53 billion in 2025 to $6.15 billion in 2026 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to expansion of paints and coatings consumption, growth of packaging and printing industries, increasing use in decaffeination processes, rising demand from adhesives manufacturing, stable availability of ethanol feedstock.

The ethyl acetate market size is expected to see rapid growth in the next few years. It will grow to $9.33 billion in 2030 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to rising demand for green solvents, expansion of pharmaceutical manufacturing, increasing applications in flexible packaging, growing adoption in specialty chemical formulations, innovation in bio-based ethyl acetate production. Major trends in the forecast period include shift toward eco-friendly solvent solutions, rising demand from paints and coatings industry, increased use in food and beverage processing, expansion in pharmaceutical solvent applications, focus on low-toxicity formulations.

The increasing demand in the pharmaceutical industry is expected to propel the growth of the ethyl acetate market going forward. The pharmaceutical industry is a segment of the healthcare sector focused on researching, developing, manufacturing, and commercializing drugs for treating diseases and medical conditions. Ethyl acetate acts as a versatile solvent in this industry, used for extracting bioactive compounds, synthesizing pharmaceutical intermediates, coating and film formation, and formulating topical products, while offering relatively low toxicity. For instance, in January 2024, according to IQVIA, a US-based provider of biopharmaceutical development services, global biotech spending is expected to exceed $892 billion by 2028. Therefore, the increasing demand in the pharmaceutical industry is driving the growth of the ethyl acetate market.

Major companies operating in the ethyl acetate market are focusing on developing innovative solutions such as growth capital expenditure to expand production capacity, enhance operational efficiency, and meet increasing global demand. Growth capital expenditure refers to investments made to expand existing operations, boost production capacity, enter new markets, or develop new products, rather than maintaining current assets, with the intention of generating future revenue growth. For instance, in October 2024, Laxmi Organic Industries Ltd., an India-based chemical manufacturing company, approved a capital expenditure plan of approximately Rs. 182 crore ($0.022 billion) to establish new plants for n-Butyl Acetate at Dahej, Gujarat, and Ethyl Acetate at Lote, Maharashtra. The planned capacity addition at both sites is 70 KTA each.

In September 2023, INEOS Acetyls, a Switzerland-based global manufacturer and supplier of acetic acid and related chemicals, announced its agreement to acquire Eastman Chemical Company's Texas City Operations for approximately $490 million. This acquisition underscores INEOS's commitment to expanding its acetyl business and optimizing operations by leveraging the site's competitive feedstocks. Eastman Chemical Company is a Tennessee-based chemical company that provides chemicals, including ethyl acetate.

Major companies operating in the ethyl acetate market are Celanese Corporation, Eastman Chemical Company, INEOS Group Ltd., Solvay S.A., Daicel Corporation, Sekab Biofuels & Chemicals AB, Sasol Ltd., Godavari Biorefineries Ltd., Yip's Chemical Holdings Limited, Shanghai Huayi Group Corporation Limited, Shandong Jinyimeng Group Co., Ltd., Wuxi Baichuan Chemical Industrial Co., Ltd., Yankuang Lunan Chemical Co., Ltd., Chang Chun Petrochemical Co., Ltd., Tianjin Soda Plant Co., Ltd., Anhui Wanwei Group Co., Ltd., Jiangsu Sopo (Group) Co., Ltd., Mitsui Chemicals, Dow Inc., Mitsubishi Gas Chemical Company, Inc., Formosa Plastics Group, Chang Chun Group

Asia-Pacific was the largest region in the ethyl acetate market in 2025 and is expected to be the fastest-growing region in the ethyl acetate market during the forecast period. The regions covered in the ethyl acetate market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the ethyl acetate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The ethyl acetate market consists of sales of ethyl acetate that is used as solvent for varnishes, paints and lacquers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Ethyl Acetate Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses ethyl acetate market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for ethyl acetate ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The ethyl acetate market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Synthetic Ethyl Acetate; Bio-based (Natural) Ethyl Acetate
• 2) By Sales Channel: Direct Company Sale; Direct Import; Distributors And Traders
• 3) By Application: Adhesives And Sealants; Paints And Coatings; Pigments; Process Solvents; Intermediates; Other Applications
• 4) By End-user Industry: Automotive; Artificial Leather; Food And Beverage; Pharmaceuticals; Other End-user Industries
• Subsegments:
• 1) By Synthetic Ethyl Acetate: Petrochemical-Based Ethyl Acetate; Coal-Based Ethyl Acetate
• 2) By Bio-based (Natural) Ethyl Acetate: Fermentation-Derived Ethyl Acetate; Plant-Derived Ethyl Acetate
• Companies Mentioned: Celanese Corporation; Eastman Chemical Company; INEOS Group Ltd.; Solvay S.A.; Daicel Corporation; Sekab Biofuels & Chemicals AB; Sasol Ltd.; Godavari Biorefineries Ltd.; Yip's Chemical Holdings Limited; Shanghai Huayi Group Corporation Limited; Shandong Jinyimeng Group Co., Ltd.; Wuxi Baichuan Chemical Industrial Co., Ltd.; Yankuang Lunan Chemical Co., Ltd.; Chang Chun Petrochemical Co., Ltd.; Tianjin Soda Plant Co., Ltd.; Anhui Wanwei Group Co., Ltd.; Jiangsu Sopo (Group) Co., Ltd.; Mitsui Chemicals; Dow Inc.; Mitsubishi Gas Chemical Company, Inc.; Formosa Plastics Group; Chang Chun Group
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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