Increasing demand for ethyl acetate in the online retails especially in the emerging nations coupled with high investments in R&D of ethyl acetate, are fueling the market growth.
Market Size – USD 3.91 Billion in 2018, Market Growth – CAGR of 4.2%, Market Trends – Increase in demand for ethyl acetate as a solvent in the paints & coatings.
The global Ethyl Acetate Market is forecast to reach USD 5.47 Billion by 2027, according to a new report by Reports and Data. Ethyl acetate is an organic compound with a colorless liquid formation and has a distinctive sweet and fruity smell. This compound is widely mixed as the solvent and diluent in the paints & coatings and adhesives & sealants for its comparatively low cost, low toxicity, and agreeable odor. It is commonly used in nail varnish removers and in the color and inks to mark fruit or vegetables. The global ethyl acetate market is growing at a substantial pace due to the growing demand for ethyl acetates in the food & beverages for its distinctive sweet flavor and in the adhesives & sealants as a comparatively low-cost solvent. The low toxic and biodegradable nature with a very high flash point characteristics of this organic compound makes it a highly demanding and largely accepted solvent in the paint & coatings and adhesives & sealant industries worldwide.
The Asia Pacific market is forecasted to generate the highest revenue of USD 2.04 Billion in the year 2027, owing to its extensive demand for ethyl acetates in the adhesive, paint and packaging industries. Asia Pacific, with its elevated growth in the consumer goods especially the foods and beverages in China, India, and Indonesia, is likely to retain its superiority in this market. China and India are some of the fastest-growing markets, while Germany and Japan hold some of the most prominent players in the market.
Key participants include Celanese Corporation, Eastman, Chemical Company, Jubilant Life Science Ltd., Jiangsu Sopo (Group) Co., Ltd., INEOS, PT. Indo Acidatama Tbk, Solvay S.A., Daicel Corporation, Sipchem, and Merck KGaA.
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Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented the global ethyl acetate market on the basis of type of devices, insertion route, applications, end-users, and region:
Distribution Channel Outlook (Revenue, USD Billion; 2016-2027)
Application Outlook (Revenue, USD Billion; 2016-2027)
End-Use Verticals Outlook (Revenue, USD Billion; 2016-2027)
Regional Outlook (Revenue, USD Billion; 2016-2027)
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Table of Content:
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2018-2027 Chapter 3. Indicative Metrics Chapter 4. Ethyl Acetate Market Segmentation & Impact Analysis 4.1. Ethyl Acetate Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Extensive rise in architectural fascinations and luxurious lifestyle especially in the emerging countries 4.2.2.2. Significant low cost and biodegradable solvent for the adhesives and paintings 4.2.2.3. High demand in the flexible packaging industry 4.2.3. Market restraints analysis 4.2.3.1. Risk involving high flammable characteristics of ethyl acetate 4.2.3.2. Extensive use of conventional coating alternatives 4.3. Technological Insights 4.4. Regulatory Framework 4.5. ETOP Analysis 4.6. Porter’s Five Forces Analysis 4.7. Competitive Metric Space Analysis 4.8. Price trend Analysis
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Chapter 9. Competitive Landscape 9.1. Market Revenue Share By Manufacturers 9.2. Manufacturing Cost Breakdown Analysis 9.3. Mergers & Acquisitions 9.4. Market positioning 9.5. Strategy Benchmarking 9.6. Vendor Landscape Chapter 10. Company Profiles 10.1. Celanese Corporation 10.1.1. Company Overview 10.1.2. Financial Performance 10.1.3. Technology Insights 10.1.4. Strategic Initiatives 10.2. Eastman Chemical Company 10.2.1. Company Overview 10.2.2. Financial Performance 10.2.3. Technology Insights 10.2.4. Strategic Initiatives 10.3. Jubilant Life Science Ltd. 10.3.1. Company Overview 10.3.2. Financial Performance 10.3.3. Technology Insights 10.3.4. Strategic Initiatives 10.4. Jiangsu Sopo (Group) Co., Ltd. 10.4.1. Company Overview 10.4.2. Financial Performance 10.4.3. Technology Insights 10.4.4. Strategic Initiatives 10.5. INEOS 10.5.1. Company Overview 10.5.2. Financial Performance 10.5.3. Technology Insights 10.5.4. Strategic Initiatives
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