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The global ethyl acetate market demand reached a volume of nearly 4 million metric tons in 2020. The market demand is expected to grow at a CAGR of 4.5% in the forecast period of 2022-2027 to reach a volume of around 5 million metric tons by 2026.
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.
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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.
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:
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The EMR report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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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.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region|
|Breakup by Application||Paints & Coating, Adhesives, Inks, Pharmaceutical, Others|
|Breakup by Region||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Market Dynamics||SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand|
|Trade Data Analysis||Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume|
|Price Analysis||Historical and Forecast Price Trends- Regional|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||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., Solvay, Others
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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 (2017-2021) & Forecast (2022-2027)
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 (2017-2021) & Forecast (2022-2027)
6.3.1 Paints & Coating
6.4 Chart: Global Ethyl Acetate Market Breakup by Region
6.4.1 North America
220.127.116.11 United State of America
18.104.22.168 United Kingdom
6.4.3 Asia Pacific
6.4.4 Latin America
6.4.5 Middle East and Africa
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
6.5 Figure: Global Ethyl Acetate Market Breakup by Region: Historical Market (2017-2021) & Forecast (2022-2027)
6.5.1 North America
184.108.40.206 United State of America
220.127.116.11 United Kingdom
6.5.3 Asia Pacific
6.5.4 Latin America
6.5.5 Middle East and Africa
18.104.22.168 Saudi Arabia
22.214.171.124 United Arab Emirates
126.96.36.199 South Africa
7 Global Ethyl Acetate Price Analysis
7.1 North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
7.2 Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
7.3 Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
7.4 Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
7.5 Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
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 Industry 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
In 2020, the global ethyl acetate market attained a volume of nearly 4 million metric tons.
The ethyl acetate market is projected to grow at a CAGR of 4.5% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach a volume of around 5 million metric tons by 2026.
The major drivers of the industry such as rising disposable incomes, increasing population, growing end-use industries, rising demand from the developing regions, and growing cosmetics and personal care industries, and growing technological advancements are expected to aid the market growth.
The key market trend guiding the growth of the ethyl acetate market include the innovations in the production of ethanol from coal or natural gas.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Asia Pacific accounting for the largest share in the market.
Paints and coating, adhesives, inks, and pharmaceutical, among others are the major application segments in the industry.
The major players in the 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., and Godavari Biorefineries Ltd., Solvay, among others.
The global ethyl acetate market attained a volume of nearly 4 million metric tons in 2020, driven by rising disposable incomes, increasing population, growing end-use industries, rising demand from the developing regions, and growing cosmetics and personal care industries, and growing technological advancements. The market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 4.5%. The ethyl acetate market is projected to reach a volume of around 5 million metric tons by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on applications, the global ethyl acetate industry can be segmented into paints and coating, adhesives, inks, and pharmaceutical, among others. The major regional markets for ethyl acetate are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Asia Pacific accounting for the largest share of the market. The key players in the above market include 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.
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 market insights that are accurate, actionable, and help them remain ahead of their competition.
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