Ethyl Acetate Market Set to Reach USD 8.83 Billion by 2030 with a CAGR of 5.9%

Global Ethyl Acetate Market to Reach USD 8.83 Billion by 2030, Driven by Expanding Applications and Rising Demand

Summary

The global ethyl acetate market, valued at USD 5.91 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 5.9%, reaching USD 8.83 billion by 2030. The growth is attributed to increasing demand in industries such as pharmaceuticals, food and beverage, and automotive. Innovations in eco-friendly solvent solutions and expansion in emerging economies further fuel market expansion.

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Market Size

In 2023, the ethyl acetate market was valued at USD 5.91 billion. With a steady CAGR of 5.9%, it is expected to reach USD 8.83 billion by 2030. The growth is primarily driven by the rising use of ethyl acetate in various end-use industries, including artificial leather, adhesives, and sealants.

Scope and Research Methodology

The report provides an in-depth analysis of market trends, key drivers, restraints, and opportunities. Various research methodologies, including SWOT, PESTLE, and Porter’s Five Forces analysis, have been used to evaluate the competitive landscape and future growth potential. The research also includes segmentation by application, end-use industry, and distribution channels to offer a comprehensive market understanding.

Report Coverage

This study covers the market size, share, and forecast from 2024 to 2030. It includes a detailed analysis of regional and global market trends, competitive landscape, and potential investment opportunities. The report also profiles major industry players and their strategies for expansion.

Market Overview

The ethyl acetate market is witnessing significant growth due to increasing applications across multiple industries. With its widespread use as a solvent in paints, coatings, and adhesives, as well as its rising adoption in the food and beverage industry, the demand for ethyl acetate continues to surge. The shift towards bio-based ethyl acetate and sustainable production methods is also expected to positively impact market growth.

Market Dynamics

• Drivers: The growing demand for ethyl acetate in adhesives, pharmaceuticals, and printing inks is a major factor propelling market expansion. The increasing use of sustainable and bio-based solvents further contributes to growth.

• Restraints: Fluctuating raw material prices and stringent environmental regulations may pose challenges for market growth.

• Opportunities: Emerging economies and advancements in solvent technology present new opportunities for market players. Expansion in sectors like packaging and food processing will also drive demand.

Segmentation

• By Application:

  • Adhesives and Sealants

  • Process Solvents

  • Printing Ink

  • Paints & Coatings

  • Others

• By End-Use Industry:

  • Artificial Leather

  • Automotive

  • Food & Beverage Packaging

  • Pharmaceutical

  • Others

• By Distribution Channel:

  • Offline

  • Online

Key Players Include

1. Celanese Corporation (United States)

2. INEOS Group Limited (London, England)

3. Eastman Chemical Company (United States)

4. Sasol Limited (South Africa)

5. Solvay S.A. (Belgium)

6. LCY Chemical Corp. (Taiwan)

7. Daicel Corporation (Japan)

8. Jubilant Pharmova Limited (India)

9. Ashok Alco-Chem Limited

10. Kanoria Chemicals & Industries Ltd. (India)

11. GODAVARI BIOREFINERIES LTD. (India)

12. Shandong Jinyimeng Group Co. Ltd. (China)

13. Jiangsu SOPO (Group) Co., Ltd. (China)

14. SHOWA DENKO K.K. (Japan)

15. Nippon (Japan)

16. KAI CO., LTD. (Japan)

17. Jubilant Life Sciences Ltd. (India)

18. Dairen Chemical Corporation (Taiwan)

19. Chang Chun Petrochemical Co. (Taiwan)

20. PT. Indo Acidatama Tbk (Indonesia)

Reasons to Buy

• Gain insights into market trends, growth drivers, and challenges.

• Understand competitive dynamics and strategies of key players.

• Identify investment opportunities and areas for business expansion.

• Leverage detailed segmentation and regional analysis for informed decision-making.

Table of Contents:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

5. Market Segmentation

6. Competitive Landscape

7. Company Profiles

8. Conclusion

9. Appendix

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About Maximize Market Research

Maximize Market Research is a global business consulting firm providing detailed market research and strategic insights across various industries. With a commitment to delivering data-driven solutions, we help businesses make informed decisions and stay ahead in competitive markets.

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