Ethyl Acetate Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The global ethyl acetate market is projected to register a CAGR of over 5% during the forecast period.
The COVID-19 pandemic affected the sales of paints and coatings as construction activities were halted. However, the market recovered in the 2021-22 period, owing to rising consumption from various end-user industries such as automotive, food and beverages, and others. The demand for drugs like paracetamol, which consumes ethyl acetate-derived intermediates, has increased, thus stimulating the market demand in the pharmaceutical sector.
Key HighlightsThe ethyl acetate market is consolidated. Some major players in the market include (not in any particular order) INEOS, Sipchem, Celanese Corporation, Eastman Chemical Company, and Daicel Corporation, among others.
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