Global ethyl acetate market is estimated to be valued at USD 6.69 Bn in 2025, exhibiting a compound annual growth rate (CAGR) of 7.0% from 2025 to 2032. Ethyl acetate is an ester with the formula C4H8O2. It is a colorless liquid with characteristic pleasant smell. It is widely used as a solvent in production of paints, coating, adhesive, and others due its favorable properties such as low toxicity, low cost and compatibility with variety of organic materials. Global demand for ethyl acetate is increasing due to its rising application in paints and coating industry. Also, its growing application as a natural extractant in food and beverage industry is fueling the market growth. However, stringent regulations over VOC emission from its end-use industries may hamper the market during the forecast period.
Market Dynamics:
Global ethyl acetate market is witnessing growth due to increasing demand from paints and coatings industry. Ethyl acetate is widely used as a solvent in paint thinners and for surface cleaning applications in painting industry. Growing construction activities along with reviving automotive industry globally has boosted demand for paints and coatings, and this is expected to drive growth of ethyl acetate market. However, strict regulatory norms over VOC emissions from industries such as paints and coatings are expected to hamper the market growth during the forecast period. Growing application of ethyl acetate as a natural extractant in food and beverage industry offers new opportunities for market players. Its use in extraction of essential oils, fragrances and flavours from plants and fruits has increased considerably in recent years.
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