Global Ethyl Acetate Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Distribution Channel;

Offline and Online.

By Application;

Adhesives & Sealants, Paints & Coatings, Pigments, Process Solvents, Intermediates, and Other Applications.

By End User;

Food & Beverage, Pharmaceuticals, Automotive, Artificial Leather, Packaging, and Other End-User Industries.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn159388969 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Ethyl Acetate Market (USD Million), 2021 - 2031

In the year 2024, the Global Ethyl Acetate Market was valued at USD 5,001.00 million. The size of this market is expected to increase to USD 8,515.43 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.9%.

The global ethyl acetate market has witnessed notable growth over the years, driven by its diverse applications and increasing demand across various industries. Ethyl acetate, a colorless, volatile liquid with a fruity odor, is primarily used as a solvent in coatings, adhesives, and paints, as well as a flavoring agent in the food and beverage industry. Its solvent properties make it essential for the manufacturing of a wide range of products, including pharmaceuticals, textiles, and cosmetics.

One of the significant factors contributing to the growth of the ethyl acetate market is the expanding automotive and construction industries. Ethyl acetate's role as a solvent in automotive coatings and construction adhesives has bolstered its demand, reflecting a broader trend toward high-quality and durable products. Additionally, the rise in consumer preferences for eco-friendly and low-VOC (volatile organic compounds) solutions has further amplified the demand for ethyl acetate, which is considered a greener alternative compared to other solvents.

Geographically, the Asia-Pacific region dominates the global ethyl acetate market, driven by rapid industrialization, urbanization, and increased production capacities in countries like China and India. The region's burgeoning manufacturing sector, coupled with favorable government policies and investments in infrastructure, supports the market's expansion. Meanwhile, North America and Europe are also significant markets, with a focus on advanced applications and regulatory compliance driving innovation and growth.

The market dynamics are influenced by fluctuations in raw material prices, regulatory changes, and technological advancements. The development of bio-based ethyl acetate, produced from renewable resources, is a notable trend that aligns with the global push toward sustainability. As industries continue to evolve and adapt to changing consumer preferences and environmental regulations, the ethyl acetate market is expected to maintain its growth trajectory, driven by its versatile applications and the ongoing shift toward greener solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Distribution Channel
    2. Market Snapshot, By Application
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Global Ethyl Acetate Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Diverse Applications
        2. Solvent Properties
        3. Automotive Industry Growth
      2. Restraints
        1. Raw Material Price Fluctuations
        2. Environmental Regulations
        3. Health and Safety Concerns
      3. Opportunities
        1. Bio-Based Ethyl Acetate Development
        2. Sustainable Solutions Demand
        3. Emerging Markets Growth
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Ethyl Acetate Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Offline
      2. Online
    2. Global Ethyl Acetate Market, By Application, 2021 - 2031 (USD Million)
      1. Adhesives and Sealants
      2. Paints and Coatings
      3. Pigments
      4. Process Solvents
      5. Intermediates
      6. Other Applications
    3. Global Ethyl Acetate Market, By End User, 2021 - 2031 (USD Million)
      1. Food and Beverage
      2. Pharmaceuticals
      3. Automotive
      4. Artificial Leather
      5. Packaging
      6. Other End-user Industries
    4. Global Ethyl Acetate Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Celanese Corporation
      2. DAICEL CORPORATION
      3. Eastman Chemical Company
      4. INEOS
      5. Jiangsu Sopo (Group) Co., Ltd.
      6. Jubilant Life Sciences
      7. KAI CO., LTD.
      8. Sasol
      9. Sipchem
      10. Showa Denko K.K.
      11. Wuxi Baichuan Chemical Industrial Co. Ltd
      12. Yip Chemical Holdings Limited
      13. Linde plc (Praxair Technology, Inc.)
  7. Analyst Views
  8. Future Outlook of the Market