A Ethyl Acetate Market, by Application (Paints & Coatings additives

Ethyl Acetate Market, by Application (Paints & Coatings additives, Adhesives & Sealants, Pigments, and Solvents), by End-use Industry (Food & Beverages, Automotive, Pharmaceuticals, Packaging, and Artificial Leather), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Ethyl acetate is a neutral colorless liquid with a faint, pleasantly fruity odor. It is miscible in all proportions with the common organic solvents. It is slightly soluble in water and soluble in most organic solvents such as ether, acetone, and alcohol. Stringent regulatory norms regarding natural leather production is driving growth of the market. Ethyl acetate is used in spread-coating compounds for artificial leather. Ethyl ethanoate is extensively utilized as a component of lacquer thinners and lacquer thinners. Ethyl Acetate solvent is commonly used in column and thin-layer chromatography. It is manufactured by the esterification of acetic acid, ethanol and catalytic condensation of acetaldehyde with alkoxides. Ethyl acetate, also known as acetoxyethane, acetic acid ethyl ester, acetic ether, ethyl acetic ester, vinegar naphtha, acetic acid, ethyl ester, ethyl acetate, acetidin, acetic ester, is one organic compound and is used predominantly as a solvent in various reactions. Ethyl acetate is obtained through the direct esterification of ethyl alcohol with acetic acid, a process that involves combining acetic acid with excess ethyl alcohol and adding a small amount of sulphuric acid.
Market Dynamics
In North America, ethyl acetate is mainly used for manufacturing paints, and coatings, printing inks, synthetic leather, and others. The increasing consumption of these products is expected to contribute to the growth of the ethyl acetate market in the region. The growing demand for convenient and flexible packaging solutions for food products and beverages in the U.S. is expected to drive the growth of ethyl acetate in the region.
The steady economic growth and an increase in the number of middle-and high-income consumers in countries, such as Argentina, Brazil, Peru, and Chile, are leading to a change in lifestyle patterns in the region. These factors have led to a strong increase in the demand for Ready-To-Eat (RTE) food products that are healthy and conveniently packed. This, in turn, is expected to drive the growth of the flexible packaging market, which will directly increase the consumption of ethyl acetate solvent-based printing inks in the region. In addition, the high demand for paints and coatings in the automotive, furniture, and other industries in countries, including the UAE, Kuwait, and Saudi Arabia, is expected to increase the demand for ethyl acetate.
Key features of the study:
This report provides an in-depth analysis of global ethyl acetate market, and provides market size (US$ billion & MMT) and compound annual growth rate (CAGR %) for the forecast period (2021-2028), considering 2020 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global ethyl acetate market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Celanese Corporation, Eastman Chemical, Solutia, INEOS Group Limited, Rhodia Brasil, Showa Denko, Shanghai Wujing Chemical, Sasol Limited, Jiangmen Handsome, and Sekab
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
The global ethyl acetate market report caters to various stakeholders in this industry including investors, suppliers, ethyl acetate manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global ethyl acetate market
Detailed Segmentation:
Global Ethyl acetate Market, By Application:
Paints & Coating additives
Adhesives & Sealants
Pigments
Solvents
Global Ethyl acetate Market, By End-use Industry:
Food & Beverages
Automotive
Pharmaceuticals
Packaging
Artificial Leather
Global Ethyl acetate Market, By Region:
North America
By Country:
U.S
Canada
Latin America
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
Europe
By Country:
Germany
U.K
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Country:
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East & Africa
By Country/Region:
Middle East
Africa
Company Profiles
Celanese Corporation
Company Overview
Product Portfolio
Key Strategies
Recent Developments
Future Plans
Eastman Chemical
Solutia
INEOS Group Limited
Rhodia Brasil
Showa Denko
Shanghai Wujing Chemical
Sasol Limited
Jiangmen Handsome
Sekab
“*” marked represents similar segmentation in other categories in the respective section.