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Ethyl Acetate Market to Reach USD 4,368.9 Million by 2027 | Fortune Business Insights™

Companies covered in the ethyl acetate market report are INEOS, Celanese, Eastman Chemical, Jiangsu Sopo, Jiangmen Handsome, Wuxi Baichuan, Jubliant, GODAVARI BIOREFINERIES LTD., Sekab, Korea Alcohol, IOL Chemicals and Pharmaceuticals and more players profiled

/EIN News/ -- Pune, India, Oct. 12, 2022 (GLOBE NEWSWIRE) -- The global ethyl acetate market size is expected to reach USD 4,368.9 million by 2027, exhibiting a CAGR of 9.07% during the forecast period. The growing application of ethyl acetate in the paints & coatings industry is expected to foster healthy growth of the market, The market size stood USD 3,323.2 million in 2019.

The Report Lists the Main Companies in the Ethyl Acetate Market:

  • INEOS (UK)
  • Celanese (US)
  • Eastman Chemical (US)
  • Jiangsu Sopo (China)
  • Jiangmen Handsome (China)
  • Wuxi Baichuan (China)
  • Jubliant (India)
  • Sekab (Sweden)
  • Korea Alcohol (South Korea)
  • IOL Chemicals and Pharmaceuticals (India)
  • Other players

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Ethyl Acetate Market Report Scope & Segmentation:

Report Coverage Details
Forecast Period 2020-2027
Forecast CAGR 9.07%
2027 Value Projection USD 4,368.9 Million
Base Year 2019
Ethyl Acetate Market Size in 2019 USD 3,323.2 Million
Historical Data 2018-2020
No. of Pages 180
Segments Covered By Product Type, By Age- Group, By Distribution Channel, By Region
Ethyl Acetate Market Growth Drivers Increasing Demand from High-income Groups to Favor Growth
Rising Number of Wealthy Population to Boost Market Expansion

The catastrophe caused by coronavirus has disrupted the supply chain of every industry around the world. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. Some industries are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.

We are making endless efforts to uplift businesses in this crucial need of the hour. Our expertise and experience can offer enormous benefits to help regain during this global pandemic. 

Browse Detailed Summary of Research Report with TOC:

Regional Analysis:

High Production of Ethyl to Promote Growth in Asia Pacific

The market size in Asia Pacific stood at USD 2,312.3 million in 2019 and is expected to dominate the global market owing to the growing production of chemicals in China, India, Indonesia, Taiwan. China is the largest manufacturer and exporter of ethyl acetate in the world. In India, sugarcane molasses is the largest source of ethanol production, thus aiding in ethyl acetate creation in large quantities. Moreover, India exports substantial quantities of ethyl acetate to Europe. The ongoing export activities will back the growth of the market in Asia Pacific. Europe is expected to exhibit a high growth rate owing to the increasing consumption of ethyl acetate. The presence of major paints & coating manufacturing companies such as Akzo Nobel, BASF, Jotun, and others will further foster growth in the region. The market in North America is expected to hold a relatively small market share compared to other regions.

The report on the ethyl acetate market includes:

  • An excellent report on the market
  • Vital stats about main regions 
  • Recent developments
  • Wide-ranging data about eminent players
  • COVID-19 impact on the market

Market Driver:

Growing Utilization of Printing Ink to Support Development

The developing printing ink industry in various regions around the world will contribute positively to the growth of the market. The growing consumption of ethyl acetate in the manufacturing of printing ink will foster the healthy growth of the market. The evolving lifestyle of people will influence the healthy growth of the market. The increasing juggernaut production capacities of required solvents such as ethyl solvents used in the manufacturing of printing ink will have a tremendous impact on the market. Moreover, the desired properties of ethyl acetate make it ideal for manufacturing both flexographic and rotogravure printing inks. Hence, the growing demand for flexographic and rotogravure printing inks will simultaneously enable speedy expansion of the market in the forthcoming years.

Hindered Import and Export Activities to Deteriorate Business Amid Coronavirus

The weak demand for ethyl acetate due to the coronavirus has resulted in an enormous loss for the market. The restrictions imposed by the governments on import and export activities has further obstructed the growth of the market. For instance, China is the largest producer and exporter is facing a trade war with the US which has further impacted its exports. However, the demand for ethyl acetate from the packaging industry has remained poised owing to the essential supply of packaged food during the coronavirus. Besides, the weakened construction industry on account of labor shortage can consequently impede business proceeding for the market in the near future.

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Table of Content

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Overview of the Parent/Related Markets
    • Industry SWOT Analysis
    • Regulatory Analysis
    • Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
  • Qualitative Insights- Impact of COVID-19 on Market
    • Supply Chain Challenges
    • Steps Taken by Companies/ Association to counter the impact
    • Future Outlook

TOC Continued…!

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Key Development:

August 2019: Celanese Corporation, a renowned player in the ethyl acetate market, announced that it has increased the price of its ethyl acetate product in the European market. It increased the cost by around EUR 110 per ton.

Read Related Insights:

Paints and Coatings Market Share, Industry Forecast 2029

Ethanol Market Share, Industry Forecast 2029

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