Global ethyl acetate market, 2024-2030

Ethyl acetate is an ester compound,cprimarily manufactured by using the process of esterification of ethanol and acetic acid in the presence of a strong acid. Ethyl acetate is used as a solvent for various applications such as varnishes, lacquers, dry cleaning, and nitrocellulose. High-purity ethyl acetate is utilized as a nail polish remover and in cleaning of electric circuit boards. Low-purity ethyl acetate can be used in pharmaceuticals, perfumes, printing inks, and foods. It can be employed as a carrier solvent for herbicides and in decaffeination of tea and coffee

The global ethyl acetate market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global ethyl acetate market is growing at a fast pace and increasing its geographical footprint rapidly. The global ethyl acetate market is valued at US $ xx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xx million dollars by the end of 2023 in value.

Increasing disposable income and changing lifestyle is driving the perfume industry, which, in turn, is creating considerable growth opportunities for ethyl acetate. Ethyl acetate also forms an integral part of the synthetic leather manufacturing industry and has a broad application scope in the manufacturing of leather bags, purses, belts, wallets, and other accessories. Growing product consumption as a flavor enhancer in the food & beverage industry is also driving the market.

However, the volatility of raw material prices may restrain the market growth during the forecast period Moreover, prolonged exposure of ethyl acetate causes eyes , nose and throat irritation as well as other severe health associated issues. This is expected to restrain the market growth.

The global ethyl acetate market constitutes of large number of international and national market players. Key players profiled in the ethyl acetate market include INEOS AG, Sekab Biofuels & Chemicals AB, Solventis Ltd., Sasol Ltd., Daicel Corporation, Ashok Alco-Chem Ltd., Celanese Corp., Eastman Chemical Co., Jiangsu Sopo (Group) Co., Ltd, and Godavari Biorefineries Ltd.

Research Methodology

The research process includes the market segmentation of the global ethyl acetate market, identifying the growth determinants of every market segment and market forecasts. The primary source from the supply side includes industry experts, CEOs, vice president, directors, and key executives of various industry players. The primary source from demand side includes marketing manager and experts from various application industries. Market Krystal held more than 40 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (40%), Suppliers (20%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (25%), Asia (40%), Europe (20%), Rest of the World (15%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global ethyl acetate industry dynamics
• Estimation of the present global ethyl acetate market size in terms of value and volume
• Global ethyl acetate market breakup basedon type and application
• Substantiated global ethyl acetate market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global ethyl acetate industry value chain

Please note: this is delivered as an excel file. Show more