Global Ethyl Acetate Market Report and Forecast 2023-2028

Global Ethyl Acetate Market Report and Forecast 2023-2028


Market Outlook

According to the report by Expert Market Research (EMR), the global ethyl acetate market reached a volume of 4.37 million metric tons in 2022. Aided by the increasing demand for eco-friendly solvents and the growing applications of ethyl acetate in various industries, the market is projected to further grow at a CAGR of 3.60% between 2023 and 2028 to reach a volume of 5.4 million metric tons by 2028.

Ethyl acetate is a colourless liquid with a pleasant, fruity odour, commonly used as a solvent in products such as paints, coatings, adhesives, and inks. It is known for its excellent solvency, quick evaporation rate, and relatively non-toxic nature, making it a desirable ingredient in various industrial applications, including pharmaceuticals, cosmetics, and food & beverage.

The surge in the market for green and sustainable chemicals is a prominent factor driving the global ethyl acetate market growth. As regulatory bodies around the world enforce stringent environmental regulations, the demand for eco-friendly solvents, such as ethyl acetate, is steadily rising. This organic compound is preferred because it is biodegradable, has low toxicity levels, and is non-hazardous air pollutant.

The growth of end-user industries, particularly the paints and coatings sector which is experiencing a boom due to the urbanisation and growing construction activities globally, is another critical factor boosting the ethyl acetate market demand. The pharmaceutical sector is also a significant consumer of ethyl acetate, where it is used as a solvent in the formulation of a variety of products, contributing further to the market expansion.

In addition to its established role as a solvent, ethyl acetate has found various other applications. In the pharmaceutical sector, ethyl acetate is used as an extraction solvent for the concentration and purification of antibiotics.

The food and beverage sector uses ethyl acetate as a flavour enhancer due to its fruity taste, which is instrumental in the production of candies, baked goods, and other flavoured products. Moreover, its use in decaffeinating coffee and tea showcases its essential role in the processing of natural products. In the cosmetics sector, ethyl acetate is a key component in nail polish products, perfumes, and other cosmetic formulations due to its quick-drying properties and pleasant scent.

As per the ethyl acetate market analysis, the shift towards bio-based ethyl acetate is a growing trend. This shift is propelled by the increasing consumer awareness regarding environmental conservation and a general trend towards sustainable and renewable products in the chemical sector.

Furthermore, the growth in emerging markets, particularly in the Asia Pacific region, is increasing the ethyl acetate market share. This region, led by China and India, is currently the largest consumer of ethyl acetate due to its expanding manufacturing sector and the growing middle-class population demanding more consumer goods, including packaged foods and cosmetics.

Market Segmentation

The market can be divided based on application and region.

Market Breakup by Application
  • Paints and Coating
  • Adhesives
  • Inks
  • Pharmaceutical
  • Others
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global ethyl acetate market. Some of the major players explored in the report by Expert Market Research are as follows:
  • Jiangmen Handsome Chemical Development Limited
  • Jiangsu SOPO (Group) Co., Ltd.
  • Eastman Chemical Company
  • Sekab
  • Shandong Jinyimeng Group Co. Ltd.
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Ethyl Acetate Market Analysis
8.1 Key Industry Highlights
8.2 Global Ethyl Acetate Historical Market (2018-2022)
8.3 Global Ethyl Acetate Market Forecast (2023-2028)
8.4 Global Ethyl Acetate Market by Application
8.4.1 Paints and Coating
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Adhesives
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Inks
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Pharmaceutical
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Ethyl Acetate Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
9 North America Ethyl Acetate Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Ethyl Acetate Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Ethyl Acetate Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Ethyl Acetate Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Ethyl Acetate Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
17.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Jiangmen Handsome Chemical Development Limited
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Jiangsu SOPO (Group) Co., Ltd.
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Eastman Chemical Company
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Sekab
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Shandong Jinyimeng Group Co. Ltd.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Ethyl Acetate Market: Key Industry Highlights, 2018 and 2028
2. Global Ethyl Acetate Historical Market: Breakup by Application (Million Metric Tons), 2018-2022
3. Global Ethyl Acetate Market Forecast: Breakup by Application (Million Metric Tons), 2023-2028
4. Global Ethyl Acetate Historical Market: Breakup by Region (Million Metric Tons), 2018-2022
5. Global Ethyl Acetate Market Forecast: Breakup by Region (Million Metric Tons), 2023-2028
6. North America Ethyl Acetate Historical Market: Breakup by Country (Million Metric Tons), 2018-2022
7. North America Ethyl Acetate Market Forecast: Breakup by Country (Million Metric Tons), 2023-2028
8. Europe Ethyl Acetate Historical Market: Breakup by Country (Million Metric Tons), 2018-2022
9. Europe Ethyl Acetate Market Forecast: Breakup by Country (Million Metric Tons), 2023-2028
10. Asia Pacific Ethyl Acetate Historical Market: Breakup by Country (Million Metric Tons), 2018-2022
11. Asia Pacific Ethyl Acetate Market Forecast: Breakup by Country (Million Metric Tons), 2023-2028
12. Latin America Ethyl Acetate Historical Market: Breakup by Country (Million Metric Tons), 2018-2022
13. Latin America Ethyl Acetate Market Forecast: Breakup by Country (Million Metric Tons), 2023-2028
14. Middle East and Africa Ethyl Acetate Historical Market: Breakup by Country (Million Metric Tons), 2018-2022
15. Middle East and Africa Ethyl Acetate Market Forecast: Breakup by Country (Million Metric Tons), 2023-2028
16. Major Importing Countries by Volume
17. Major Exporting Countries by Volume
18. Major Importing Countries by Value (USD Million)
19. Major Exporting Countries by Value (USD Million)
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Ethyl Acetate Market Structure

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