The global ethyl acetate market demand reached a volume of nearly 4 million metric tons in 2019. The market demand is expected to grow at a CAGR of 4.5% in the forecast period of 2020-2025 to reach a volume of around 5 million metric tons by 2025. The Asia Pacific is the leading regional market in the industry, accounting for nearly 82% of the market share in the supply market. The Asia Pacific region is followed by North America and the European Union as the other major supply markets.
Get a Free Sample Report with Table of Contents - Download Now
The Asia Pacific, having an 80% of the capacity of ethyl acetate, has a surplus of ethyl-acetate output, which it exports to regions like North America and Europe. The Asia Pacific is witnessing a rising demand for paints and coatings, along with adhesives, due to the increasing construction activities and the growing automobiles industries in China and India, among others. China is the largest exporter in the Asia Pacific region as it has the largest ethyl acetate capacity. The Asia Pacific region exports a significant volume of the product to Europe and North America as they rely on imports from the Asia Pacific to meet their regional demand. This reliance on the Asian countries is, however, likely to reduce in the coming years with the expansion of capacity in North America and Europe.
The largest importing country within Europe is Belgium, importing considerable volumes of ethyl acetate from Mexico and the United Kingdom, supported by free trade policies. The capacity expansion by INEOS in Europe, one of the key players in the industry, is expected to reduce the quantity of imports in the region. South Africa, Mexico, and India are among the major sourcing regions for ethyl acetate. The majority of consumers in Europe prefer to import from South Africa and Mexico owing to the readily available ethanol and synthetic ethanol in the regions.
Properties and Applications
Ethyl acetate, with the chemical formula, CH3COOC2H5, is among the simpler carboxyl esters. It is a liquid with no colour and has a soft, fruity scent, which most people have found pleasant. Ethyl acetate is a commonly utilized solvent, particularly in the production of paints, varnishes, cleaning mixtures, lacquers, and perfumes. It finds wide applications in the following segments:
The EMR report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The ethyl acetate market is being driven by the growing end-use industries. The growing demand for paints and coatings, along with the rise in the demand for adhesives, is supporting the market growth for ethyl-acetate. The demand for these products is being driven by the rapidly increasing construction industries, especially in the emerging regions like China, India, and Latin America. The growing demand for these products is, thus, providing a further impetus to the demand for ethyl acetate.
The demand for the product is also being aided by the rising demand for printing inks. The rapidly growing automobiles industry in all the major regions and especially, in the developing nations, like India and China, are propelling the ethyl acetate market growth further. Ethyl acetate is witnessing a rising demand majorly in the residential, non-residential, automobiles, and other industrial sectors in the major regional markets. Other major driving factors include the increasing demand from industries, like pharmaceuticals, cosmetics, and packaging material sectors.
The market is also supported by the growing cosmetics and personal care industries. With globalisation and economic growth, the disposable incomes of the consumers are also on the rise. This enables consumers to spend more on personal care products. Ethyl acetate is used in products like nail polish, which is widely sold. The growing demand for these cosmetic products is, thus, boosting the demand for ethyl acetate across all regions.
July 2016- INEOS announced the expansion of its ethyl acetate production by 100,000 tonnes per year at its manufacturing plant in Hull, United Kingdom.
The report gives a detailed analysis of the following key players in the global ethyl acetate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter’s five forces model, along with giving a SWOT analysis. The report also gives a detailed insight into the price and trade data analysis of the market.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Ethyl Acetate Market Analysis
6.1 Figure: Global Ethyl Acetate Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Chart: Global Ethyl Acetate Market Breakup by Application
6.2.1 Paints & Coating
6.3 Figure: Global Ethyl Acetate Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
6.3.1 Paints & Coating
6.4 Chart: Global Ethyl Acetate Market Breakup by Region
6.4.1 North America
184.108.40.206 United State of America
220.127.116.11 United Kingdom
6.4.3 Asia Pacific
6.4.4 Latin America
6.4.5 Middle East and Africa
18.104.22.168 Saudi Arabia
22.214.171.124 United Arab Emirates
126.96.36.199 South Africa
6.5 Figure: Global Ethyl Acetate Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.5.1 North America
188.8.131.52 United State of America
184.108.40.206 United Kingdom
6.5.3 Asia Pacific
6.5.4 Latin America
6.5.5 Middle East and Africa
220.127.116.11 Saudi Arabia
18.104.22.168 United Arab Emirates
22.214.171.124 South Africa
7 Global Ethyl Acetate Price Analysis
7.1 North America Historical Price Trends (2015-2019) and Forecast (2020-2025)
7.2 Europe Historical Price Trends (2015-2019) and Forecast (2020-2025)
7.3 Asia Pacific Historical Price Trends (2015-2019) and Forecast (2020-2025)
7.4 Latin America Historical Price Trends (2015-2019) and Forecast (2020-2025)
7.5 Middle East and Africa Historical Price Trends (2015-2019) and Forecast (2020-2025)
8 Global Trade Analysis (HS Code: 291531)
8.1 Major Exporting Countries: By Value and Volume
8.2 Major Importing Countries: By Value and Volume
9 SWOT Analysis
10 Porter’s Five Forces Analysis
10.2 Buyer’s Power
10.3 Supplier’s Power
10.4 New Entrants
10.5 Degree of Rivalry
11 Value Chain Analysis
12 EMR’s Key Indicators for Demand
13 EMR’s Key Indicators for Price
14 Procurement Strategy
14.1 Sourcing Model
14.2 Contract Model
14.3 Negotiation Levers
14.4 Pros and Cons
15 Cost Analysis
15.1 Raw Material Cost
15.2 Utilities Cost
15.3 Labor Cost
15.4 Other Fixed Cost
16 Competitive Landscape & Supplier Analysis
16.1 Jiangmen Handsome Chemical Development Ltd.
16.1.1 Company Overview
16.1.2 Financial Analysis
16.2 Jiangsu Sopo (Group) Co., Ltd.
16.2.1 Company Overview
16.2.2 Financial Analysis
16.3 Eastman Chemical Company
16.3.1 Company Overview
16.3.2 Financial Analysis
16.4 INEOS Group
16.4.1 Company Overview
16.4.2 Financial Analysis
16.5 Sekab Biofuels & Chemicals AB
16.5.1 Company Overview
16.5.2 Financial Analysis
16.6 Jinyimeng Group Co.,Ltd.
16.6.1 Company Overview
16.6.2 Financial Analysis
16.7 Godavari Biorefineries Ltd.
16.7.1 Company Overview
16.7.2 Financial Analysis
16.8.1 Company Overview
16.8.2 Financial Analysis
17 Events and Developments
Additional Customisations Available:
18 Manufacturing Process
18.1 Detailed Process Flow
18.2 Operations Involved
18.3 Mass Balance
19 Production Cost Analysis and Project Economics
19.1 Land, Location and Site Development
19.3 Plant Machinery
19.4 Cost of Raw Material
19.9 Other Capital Investment
The global ethyl acetate market demand attained a volume of nearly 4 million metric tons in 2019. It is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 4.5%. The market is projected to reach a volume of around 5 million metric tons by 2025.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on application, the global ethyl acetate market can be segmented into paints and coating, adhesives, inks, and pharmaceutical, among others. North America, Latin America, Europe, the Middle East and Africa, Europe, and the Asia Pacific are the major regions in the market, with the Asia Pacific leading the overall global ethyl acetate market, with a 82% supply market share. The key players in the above industry are Jiangmen Handsome Chemical Development Ltd., Jiangsu Sopo (Group) Co., Ltd., Eastman Chemical Company, INEOS Group, Sekab Biofuels & Chemicals AB, Jinyimeng Group Co.,Ltd., Godavari Biorefineries Ltd., and Solvay, among others.
The major drivers of the industry such as rising disposable incomes, increasing population, rising urbanisation, growing demand from adhesives and paints and coatings industries, rising construction and automobiles industry, growing demand for printing inks, and rising cosmetics and personal care industry are driving the growth of the market globally. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
The supply market is led by the Asia Pacific region, accounting for more than half of the total share, that is, around 55% of the total market share. The region is witnessing an increased demand for c...
The global sulphuric acid market is driven by the increase in the fertilizers and chemicals industry. The market is expected to be driven by the end-use sectors like the agriculture segment. The acid ...
Silicon nitride is a silicon and nitrogen inorganic, non-metallic compound. It is used as a component for ceramics. It provides excellent abrasion, oxidation, and extreme chemical resistance. Certain ...
The global potassium chlorate market is estimated to grow during the forecast period 2020-2025 at a CAGR of 5%. The potassium chlorate market is driven by the increasing demand for wood pulp to manufa...
Buy Full Version
"Ethyl Acetate Market" Purchase Enquiry