#Ethyl Acetate Market

[creativeera]

Ethyl Acetate Market Poised for Growth by Rising Consumption in Asia Pacific region

The ethyl acetate market is poised for steady growth backed by increasing demand from numerous end-use industries such as textiles, paints & coatings, pharmaceuticals amongst others. Ethyl acetate acts as a superior solvent owing to its favorable properties such as low toxicity, fast evaporation rate and ability to dissolve wide range of organic compounds which makes it ideal for various industrial applications. Global ethyl acetate market is estimated to be valued at USD 6.25 Bn in 2024 and is expected to reach USD 9.91 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031.

Key players operating in the ethyl acetate market are Berkshire Corporation, Kimberly-Clark Corporation, Contec, Inc., DuPont, Ansell Ltd., Illinois Tool Works Inc., Thermo Fisher Scientific Inc., Valutek Inc., Steris, Avantor, Inc., and KM Purely. Key Takeaways Key players: Berkshire Corporation, Kimberly-Clark Corporation, Contec, Inc., DuPont, Ansell Ltd., Illinois Tool Works Inc., Thermo Fisher Scientific Inc., Valutek Inc., Steris, Avantor, Inc., and KM Purely are the major players in the ethyl acetate market. Key players Berkshire Corporation and DuPont account for over 25% of the global ethyl acetate production and are focusing on capacity expansion plans to cater to the growing demand. Growing demand: The demand for ethyl acetate is high in Asia Pacific region mainly driven by increasing consumption from countries like China, India, Indonesia, Japan owing to growth in end-use industries and emerging applications. Rapid industrialization coupled with rising disposable income is fueling the regional Ethyl Acetate Market Growth. Global expansion: Leading players are strategizing global expansion plans by entering into long term supply agreements with major end-users and investing in new production facilities. For instance, in 2021, Avantor Inc opened a new manufacturing facility in India to leverage growth opportunities in South Asian markets. Market Key Trends Rise in coatings demand from construction industry: One of the key trends driving the ethyl acetate market growth is increasing application in paints & coatings industry especially from construction & infrastructure sector. The ongoing infrastructure development projects across emerging nations are propelling the demand for coatings which utilize ethyl acetate as a solvent.

Porter's Analysis Threat of new entrants: With a moderate capital requirement and long established supplier and customer relationships, the threat of new entrants entering the ethyl acetate market is low. Bargaining power of buyers: Large buyers such as downstream chemical producers can negotiate lower prices; however, the presence of many established suppliers mitigates pricing pressures exerted by buyers. Bargaining power of suppliers: Suppliers of raw materials such as ethanol have some bargaining power over ethyl acetate producers since ethanol is a key raw material with few substitutes. Threat of new substitutes: Some alternative organic solvents can replace ethyl acetate in certain applications, but a lack of direct substitutes that provide the same blend of properties keeps substitution threats low. Competitive rivalry: With major producers having sizable global presences and production capacities, competitive rivalry in the ethyl acetate market is strong as producers vie for market share. However, competition is based more on price and customer relationships than new product innovations. Geographical Regions North America accounted for the largest share of the global ethyl acetate market in terms of value in 2021 due to the presence of sizable end-use industries such as coatings, inks, and pharmaceuticals. Asia Pacific is expected to be the fastest growing regional market between 2024-2031 spurred by rising industrial activity and manufacturing in China, India, and other developing economies that boost demand for ethyl acetate. The ethyl acetate market in Europe holds significant value share owing to the well-established paints, coatings, and pharmaceutical manufacturing sectors. The solvent is widely used across various end-use industries in the region.

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[sarojmarketreserch]

https://www.htfmarketintelligence.com/report/global-ethyl-acetate-market

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[mmr-14]

https://www.maximizemarketresearch.com/market-report/ethyl-acetate-market/41790/

Ethyl acetate is generally utilized as a coatings solvent for paints, lacquers, and varnishes; a process solvent in the pharmaceutical sector; and a carrier solvent for printing inks, adhesives, and nail polish.

[chemanalystdata]

Ethyl Acetate Market | Global Industry Size, Growth, Analysis & Forecast to 2030 | ChemAnalyst

According to ChemAnalyst report, “Ethyl Acetate Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, Ethyl Acetate market has witnessed a considerable growth as it reached 3.2 million tonnes in 2020 and is expected to grow a healthy global CAGR of 4.50% in the forecast period. Continuously growing demand of Ethyl Acetate for the production of various coating formulations such as urethanes, epoxies, cellulosics, acrylics, vinyl, and others by the paints and coatings industry is likely to boost the global Ethyl Acetate market over the next ten years. The production of Ethyl Acetate is highly related with safety concerns on the human health before it can be further manufactured, which further enhances the compliance standards.

Ethyl Acetate is an organic ester compound having the molecular formula C4H8O2. It is a flammable and colorless liquid, which has the characteristic of a sweet fruity smell. Ethyl Acetate, as also known as Ethyl Ethanoate, is an important commodity chemical used in various industrial and commercial applications. Ethyl Ethanoate is primarily used as solvents and diluents for cleaning mixtures, paints, coatings, varnishes, adhesives, lacquers and perfumes. It is extensively used as a component of nail polish removers and lacquer thinners. In laboratories, solvent of Ethyl Acetate is commonly used in thin-layer and column chromatography. Ethyl Ethanoate is manufactured by two methods including esterification of Ethanol and Acetic acid, and catalytic condensation of Acetaldehyde with Alkoxides. Although, in fruits it occurs naturally, where it is responsible for the taste and smell of the fruit.

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The global Ethyl Acetate market on the basis of end-use industries can be segmented into paints and coatings, food and beverages, automotive, construction, packaging, and others. Global demand of Ethyl Acetate is dominated by the paints and coatings industry as it is widely used in paints and coatings as an activator and hardener. Exponentially rising demand of Ethyl Acetate by the paints and coatings industry is likely to bolster in the forecast period as well due to increasing construction activities across the globe. Increasing demand of Ethyl Acetate in the food and beverage industry is expected to rise in the near future as it is acceptable for food applications like artificial flavor enhancer in confectionery items and decaffeinating tea and coffee. In emerging economies, the initiatives of government for the construction of commercial buildings, including hotels and resorts, are augmenting the demand for floor coatings, which will further boost the global market of Ethyl Acetate in upcoming years. Rising demand of Ethyl Acetate solvents by the packaging industries to manufacture flexographic and rotogravure inks, will fuel the global Ethyl Acetate market in the next few years. Owing to the robust demand of Ethyl Acetate by the pharmaceutical industry is expected to drive the global market of Ethyl Acetate in the future.

The outbreak of COVID-19 had a negative impact on the global Ethyl Acetate market. Several industries including paint and coatings, construction, printing, packaging, aerospace, and others were drastically affected due to interruptions in the global supply chain. There was a severe decline in the sales and demand of Ethyl Acetate solvents as many production units halted their operations during the first half of 2020. Once the restrictions imposed by the leading authorities are uplifted, major end-user industries including paints and coating and flexible packaging, will accelerate the demand of Ethyl Acetate around the world by the end of the year.

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Among different regions, Asia Pacific region holds the major share of the global demand of Ethyl Acetate. Rapidly growing urbanization and income levels in populous countries like China and India, is driving the dominance of global Ethyl Acetate market in the Asia Pacific region and is forecasted to grow significantly until 2030. Rising construction activities in the Asia Pacific region will further augment the demand of Ethyl Acetate in the future. Expansion of major end-user industries including automotive, flexible packaging, paints and coatings is another factor driving the demand of Ethyl Acetate in the Asia Pacific region.

Some of the major players operating in Ethyl Acetate market include Celanese Corporation, Eastman Chemical Company, INEOS Capital Limited., Celanese Corporation, Jubilant Life Sciences Limited, Sipchem, Lonza, Sekab, PT. Indo Acidatama Tbk., Solvay, Merck KGaA, Shandong Jinyimeng Group Co. Ltd., DAICEL CORPORATION, KAI CO., LTD., and Others. 

“Rapidly growing demand for Ethyl Acetate by the flourishing paints and coatings industry as well as flexible packaging industry across the globe is likely to boost the global Ethyl Acetate market in the forecast period until 2030. Initiatives of the government for the construction of commercial buildings and building of smart cities in the Asia Pacific region, will further augment the market growth of Ethyl Acetate in the next few years. As China is the world's largest producer of automobiles, rising demand of Ethyl Acetate solvents by the automotive industry will flourish the global Ethyl Acetate market in upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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[rahulmmr]

Ethyl acetate is generally utilized as a coatings solvent for paints, lacquers, and varnishes; a process solvent in the pharmaceutical sector; and a carrier solvent for printing inks, adhesives, and nail polish

[astonmartinii]

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[tushar38]

Pharmaceutical Solvents Market: Forecast, Growth, and Opportunities

 Introduction to Pharmaceutical Solvents Market

The Pharmaceutical Solvents Market plays a crucial role in the formulation of drugs, serving as carriers or dissolvers for active pharmaceutical ingredients (APIs). Solvents such as alcohols, acetone, and ethers are essential in the manufacturing process of tablets, injectables, and topical medications. The demand for pharmaceutical solvents is driven by the expanding pharmaceutical industry, stringent quality standards, and the rising prevalence of chronic diseases. However, market growth faces challenges such as environmental regulations and the volatility of raw material prices, pushing manufacturers toward green solvents.

The Pharmaceutical Solvents Market is Valued USD 3.87 billion in 2024 and projected to reach USD 5.9 billion by 2032, growing at a CAGR of 4.70% During the Forecast period of 2024-2032.It includes various organic and inorganic compounds, with applications ranging from synthesis to purification. Increasing demand for APIs, the growing prevalence of chronic and lifestyle diseases, and the rise of biopharmaceuticals are pushing market expansion. Geographically, North America and Europe dominate, but emerging economies are quickly catching up due to rising healthcare expenditures and growing pharmaceutical production capabilities.

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Major Classifications are as follows:

By Chemical Group

Alcohol

Isopropanol

Propylene Glycol

Butanol

Amine

Aniline

Diphenylamine

Methylethanolamine

Trimethylamine

Ester

Acetyl Acetate

Ethyl Acetate

Butyl Acetate

Ether

Diethyl Ether

Anisole

Polyethylene Glycol

Chlorinated Solvents

Carbon Tetrachloride

Dichloromethane

Other

Chelating Agents

Acetone

Key Region/Countries are Classified as Follows:

◘ North America (United States, Canada,) ◘ Latin America (Brazil, Mexico, Argentina,) ◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) ◘ Europe (UK,Germany,France,Italy,Spain,Russia,) ◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South

Key Players of Pharmaceutical Solvents Market

BASF SE,The Dow Chemical Company, Eastman Chemical Company, Merck KGaA, Thermo Fisher Scientific Inc., Honeywell International Inc.,Avantor, Inc., Solvay S.A.,Archer Daniels Midland Company, LyondellBasell Industries Holdings B.V., Mitsubishi Chemical Corporation, Celanese Corporation, INEOS Group Limitedand others.

Market Drivers in Pharmaceutical Solvents Market

Increase in pharmaceutical production: The rise in the production of generic and branded drugs fuels the demand for high-quality solvents.

Growth in R&D: As pharmaceutical companies invest heavily in research, particularly in biologics and specialty medicines, the need for effective solvents rises.

Technological advancements: Innovations in solvent formulation, including green solvents, offer opportunities for reducing environmental impact while maintaining efficacy.

Market Challenges in Pharmaceutical Solvents Market

Environmental concerns: Solvents contribute to pollution, and many are classified as hazardous. Regulatory bodies are increasingly pushing for greener alternatives.

Raw material volatility: Fluctuations in the cost of raw materials used in solvent production can lead to unpredictable pricing structures.

Stringent regulations: Pharmaceutical-grade solvents are subject to rigorous quality standards, which can increase manufacturing costs and create barriers for new market entrants.

Market Opportunities of Pharmaceutical Solvents Market

Sustainable solvents: Developing eco-friendly, biodegradable, and non-toxic solvent alternatives can meet regulatory demands and attract environmentally-conscious manufacturers.

Expanding generics market: The increasing demand for generic drugs in emerging economies opens doors for solvent suppliers, especially those offering cost-effective solutions.

R&D in biologics: The growth of biotechnology and biologics-based therapies creates a need for specialized solvents with unique properties.

Conclusion:

The Pharmaceutical Solvents Market is poised for steady growth, driven by the expanding pharmaceutical industry and innovations in biopharmaceuticals. While challenges such as environmental regulations and volatile raw material costs persist, the push for sustainable practices and green solvents presents new opportunities for market players. Technological advancements and increased demand from emerging economies are expected to sustain momentum, ensuring the market remains integral to pharmaceutical production

[sarojmarketreserch]

[adityarana1687-blog]

Petrochemicals Market Size To Reach $1002.45 Billion By 2030

The global petrochemicals market size is expected to reach USD 1002.45 billion by 2030, as per the new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.3% from 2024 to 2030. It is expected to expand at a CAGR of 7.0% from 2023 to 2030. The demand for petrochemicals is attributed to an increase in demand from the end-use industries such as construction, textile, medical, pharmaceuticals, consumer goods, automotive, and electronics.

Products such as ethylene, propylene, and benzene are widely used in various industries such as packaging, electronics, plastics, and rubber. The ethylene product segment dominated the market in 2021 and is expected to maintain its lead in the forecast period owing to its wide application scope across several industries. Asia Pacific is anticipated to dominate the market in the forecast period owing to the favorable regulatory policies in the region.

Crude oil and natural gas are the major raw materials used for the manufacturing of petrochemical products. The volatile prices of crude oil are a major challenge in the procurement process of crude oil as a raw material for manufacturers. The industry players that are reliant on crude oil as a feedstock for manufacturing are likely to face difficulties in the coming years. However, declining prices of natural gas owing to a rise in its production are expected to augment the growth of the product over the forecast period.

The competitiveness among the producers of the product is high as the market is characterized by the presence of a large number of global players with strong distribution networks. Top players are dominating the industry for the past few years owing to the increasing investment in R&D activities related to new product development.

Request a free sample copy or view the report summary: Petrochemicals Market Report

Petrochemicals Market Report Highlights

The methanol product segment is expected to expand at the highest revenue-based CAGR of 8.9% over the forecast period. The demand is attributed to the increase in demand for methanol in manufacturing biodiesel, which is biodegradable, safe, and produces fewer air pollutants as compared to other fuels

Surged use of polyethylene, High-density Polyethylene (HDPE), and Low-density Polyethylene (LDPE) is expected to foster the overall growth of the market for petrochemicals.

The butadiene product segment is expected to be an emerging segment in the coming years as it is a key building block used in the manufacturing of several chemicals and materials employed in the industries such as consumer durables, healthcare, and building and construction

Manufacturers have adopted joint ventures and acquisitions as major strategies to increase their global presence

Petrochemicals Market Segmentation

Grand View Research has segmented the global petrochemical market report on the basis of Product, and region

Petrochemicals Product Outlook (Volume, Million Tons; Revenue, USD Billion, 2018 - 2030)

Ethylene

Polyethylene

Ethylene oxide

EDC

Ethyl benzene

Others

Propylene

Polypropylene

Propylene oxide

Acrylonitrile

Cumene

Acrylic acid

Isopropanol

Other

Butadiene

SB Rubber

Butadiene rubber

ABS

SB latex

Others

Benzene

Ethyl benzene

Phenol/cumene

Cyclohexane

Nitrobenzene

Alkyl benzene

Other

Xylene

Toluene

Solvents

TDI

Others

Methanol

Formaldehyde

Gasoline

Acetic acid

MTBE

Dimethyl ether

MTO/MTP

Other

Petrochemicals Regional Outlook (Volume, Million Tons; Revenue, USD Billion, 2018 - 2030)

North America

U.S.

Canada

Europe

Germany

UK

France

Belgium

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Latin America

Brazil

Middle East

Africa

List of Key Players of Petrochemicals Market

BASF SE

Chevron Corporation

China National Petroleum Corporation (CNPC)

China Petrochemical Corporation

ExxonMobil Corporation

INEOS Group Ltd.

LyondellBasell Industries Holdings B.V.

Royal Dutch Shell PLC

SABIC

Dow

[exportimportdata-blogs]

How Do Organic Chemicals Exported from India Dominate Global Markets?

Introduction

India has become a global powerhouse when it comes to chemical exports. With a vast array of organic chemicals exported from India, the country has established itself as one of the key players in the chemical industry worldwide. Indian organic chemical exporters have tapped into international markets, catering to industries such as pharmaceuticals, agriculture, textiles, and more. In this article, we will explore how India has achieved this dominance, the leading chemical exporters in India, and the diverse list of chemicals exported from India.

What Makes India a Global Leader in Chemical Exports?

India’s rise as a leader in chemical exports can be attributed to several factors. The availability of raw materials, coupled with a highly skilled workforce and advanced manufacturing capabilities, has propelled India’s chemical industry. Moreover, the government has implemented policies that foster growth and innovation, allowing chemical exporters in India to maintain a competitive edge.

A crucial aspect of this growth is the diversity in the list of chemicals exported from India, with organic chemicals being a significant contributor. These chemicals are essential for various global industries, further increasing India’s importance in the chemical supply chain.

Who Are the Key Organic Chemical Exporters in India?

Several major companies drive the organic chemicals exported from India. Industry giants such as Tata Chemicals, UPL, and SRF Limited are renowned for their global reach and high-quality chemical products. These companies have established strong international relationships, positioning themselves as reliable suppliers in competitive markets.

In addition to these large corporations, numerous medium-sized enterprises contribute to the industry’s success. Their ability to meet international standards and adapt to global demands has solidified India's reputation as a leading exporter.

What Are the Top Organic Chemicals Exported from India?

India exports a wide variety of organic chemicals, each serving critical roles across various industries. Some of the top organic chemicals exported from India include:

Acetic Acid: Used in producing vinegar and several industrial chemicals.

Methanol: A versatile chemical that serves as a solvent and is a key ingredient in many products.

Ethyl Acetate: Widely utilized as a solvent in paints, coatings, and adhesives.

Toluene: A chemical used in the production of dyes, detergents, and other industrial products.

Aniline: Important in the manufacturing of polyurethane, rubber chemicals, and dyes.

This wide-ranging list of organic chemicals exported from India highlights the country’s importance in fulfilling global industrial demands.

How Does India Contribute to Global Supply Chains?

The presence of organic chemical exporters from India in global markets ensures that industries around the world have a reliable source of raw materials. These organic chemicals are vital in sectors such as:

Pharmaceuticals: Organic chemicals like methanol and acetic acid are essential in the production of medicines and medical products.

Agriculture: Several organic chemicals serve as key ingredients in fertilizers, herbicides, and pesticides, making them critical to the global food supply.

Textiles: Many chemicals exported from India are used in dyes and finishing agents for textiles.

The ability to supply these chemicals consistently has positioned India as an indispensable part of international supply chains.

What Challenges Do Chemical Exporters in India Face?

Despite the significant success of chemical exports from India, the industry does face certain challenges. These include:

Regulatory Compliance: Exporters must comply with various environmental and safety standards, both domestically and in importing countries.

Global Competition: India faces stiff competition from other countries like China and the United States, which are also major chemical exporters.

Fluctuating Raw Material Costs: Changes in the prices of raw materials can impact production costs, which, in turn, affects the pricing and competitiveness of India’s chemical exports.

Despite these challenges, India’s strong foothold in global markets remains largely intact due to the quality, reliability, and cost-effectiveness of its chemical products.

What Government Initiatives Support Chemical Exports from India?

The Indian government has introduced several initiatives to support and boost the chemical export industry. These include:

Incentives for Exporters: The government provides financial incentives to exporters, which helps them compete on a global scale.

Infrastructure Development: Investment in logistics, transportation, and port facilities has streamlined the process of exporting chemicals, making it more efficient and cost-effective.

Promotion of Green Chemistry: As environmental concerns become more pressing, the Indian government has promoted green chemistry, encouraging manufacturers to adopt sustainable and eco-friendly practices.

These initiatives not only boost the volume of chemical exports but also enhance India's reputation as a sustainable and responsible exporter.

Which Countries Import Organic Chemicals from India?

India exports organic chemicals to a broad range of countries across the globe. Some of the key markets for India’s chemical exports include:

The United States: As a major importer, the U.S. uses Indian organic chemicals in pharmaceuticals, agricultural products, and industrial manufacturing.

China: India’s neighbor imports a significant amount of organic chemicals, particularly for its large-scale manufacturing industries.

Germany: Known for its industrial base, Germany relies on Indian chemicals for use in automotive, pharmaceutical, and chemical manufacturing.

Japan: A vital market for India’s organic chemicals, particularly for its electronics and automotive industries.

These countries are just a few examples of the many international markets that rely on organic chemicals exported from India to support their industries.

What Is the List of Chemicals Exported from India?

India’s chemical export portfolio is extensive, and apart from organic chemicals, it includes a wide variety of industrial and specialty chemicals. The full list of chemicals exported from India also features:

Inorganic chemicals: Such as sulfuric acid, caustic soda, and ammonia.

Fertilizers and pesticides: Crucial for global agricultural productivity.

Pharmaceutical intermediates: Important raw materials for drug manufacturing.

The diversity in this list showcases India’s ability to meet the needs of various industries worldwide.

How Is India’s Chemical Export Industry Evolving?

India’s chemical export industry is continuously evolving to meet the changing demands of global markets. Innovation, research, and development have become central to the growth of the industry. Indian companies are increasingly investing in technology that enhances production efficiency and reduces environmental impact.

Moreover, there is a growing focus on expanding into new markets in Africa, Latin America, and Southeast Asia, where demand for organic chemicals is on the rise. This geographic diversification is essential for maintaining growth in the long term.

What Is the Future Outlook for Organic Chemicals Exported from India?

The future of organic chemicals exported from India looks promising. Global demand for chemicals is expected to increase due to growth in industries such as pharmaceuticals, agriculture, and manufacturing. Indian exporters are well-positioned to capitalize on these trends.

Additionally, the focus on sustainability and green chemistry will likely become a major differentiator for Indian companies. As industries worldwide shift toward more eco-friendly practices, Indian chemical exporters who prioritize sustainability will find themselves in an advantageous position.

Conclusion

India’s dominance in the global chemical market is driven by its vast production capabilities, diverse list of chemicals exported from India, and the expertise of its organic chemical exporters. Despite facing challenges such as global competition and regulatory compliance, the future remains bright for India's chemical export industry. With continued government support, technological advancements, and a commitment to sustainability, the chemical exports from India will continue to thrive and shape global supply chains for years to come.

[tmr-blogs2]

Ethyl Acetate Market to Garner USD 8.8 billion by 2031

The global ethyl acetate market was estimated at a value of US$ 5.5 billion in 2022. It is anticipated to register a 5.9% CAGR from 2023 to 2031 and by 2031, the market is likely to attain US$ 8.8 billion by 2031.

The demand for solvent-based paints and coatings, in particular, is anticipated to impede the growth of the ethyl acetate market due to growing environmental concerns and strict restrictions. Throughout the projection period, there will likely be a sharp increase in demand for ethyl acetate due to the manufacturing vertical's propensity to spend more on flexible packaging in order to achieve distinction.

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Key Findings of Market Report

Laminated adhesives and high-resolution printing inks are made with ethyl acetate as a solvent.

These are used in a variety of plastic films and flexible packaging materials.

Flexible packaging is more affordable, recyclable, and comes in a range of sizes. It also has a higher durability.

A wide range of sectors have a significant demand for flexible packaging.

Polymer resins that are used to generate excellent coating solutions can be dissolved and dispersed by ethyl acetate.

This improves the packaging's durability and barrier qualities.

The industrial sector's growing preference for flexible packaging is anticipated to have a beneficial effect on the growth of the ethyl acetate market over the coming years.

The following companies are well-known participants in the global ethyl acetate market:

INEOS AG

Sekab Biofuels and Chemicals AG

Solventis Ltd.

Sasol Ltd.

Daicel Corporation

Ashok Alco-Chem Ltd.

Celanese Corp.

Eastman Chemical Co.

Godavari Biorefineries Ltd.

Jiangsu Sopo (Group) C. Ltd.

Global Market for Ethyl Acetate: Regional Outlook

Various reasons are propelling the growth of the ethyl acetate market in different regions. These are:

In 2022, the automotive, pharmaceutical, and food and beverage industries in China, Japan, and India accounted for a significant portion of the global ethyl acetate market share, with Asia Pacific holding a share of over 40%. The increasing demand for printing inks, adhesives, and coating solvents is predicted to cause the ethyl acetate markets in Vietnam and Thailand to expand considerably during the next several years.

The United Kingdom, Germany, and France are home to a significant number of suppliers and manufacturers of packaging solutions, chemical products, vehicles, and food and drinks, which contribute to Europe's significant portion of the worldwide ethyl acetate demand.

Global Ethyl Acetate Market: Key Players

The ethyl acetate industry is very competitive globally, and its major competitors are expanding their customer base by using an organic approach to development. In order to obtain a competitive advantage, they are also utilizing strategic initiatives including partnerships, joint ventures, and mergers and acquisitions Leading producers of ethyl acetate are also concentrating on creating novel bio-based solutions to meet the increasing demand for environmentally friendly goods globally.

Few of key developments by the players in this market are:

Celanese Corp. announced in February 2023 the introduction of a range of innovative sustainable solutions for different acetate chain materials. They go by the name "ECO-B."

CropEnergies AG declared in December 2022 that it will begin building a factory to convert sustainable ethanol into renewable ethyl acetate.

IOL Chemicals as well as Pharmaceuticals declared in October 2022 that the European Union had granted it regulatory approval (REACH certification) to supply ethyl acetate.

Yip's Chemical stated in July 2022 that it had signed a deal to sell PAG a 51% effective stake in Handsome Chemical, one of its solvents business subsidiaries, for around US$ 0.36 billion. With a 1.6 metric ton yearly production capacity, Handsome Chemical is the biggest manufacturer of acetate solvents.

Viridis Chemical, LLC produced sustainable ethyl acetate at its Columbus, Nebraska, production site in March 2022. In this sense, HELM U.S. is Viridis' marketing partner.

Celanese Corporation declared in March 2021 that it would substitute recycled carbon dioxide for methanol synthesis at its chemical production facility in Clear Lake, Texas, Inc. One of the essential components of many acetyl compounds, such as ethyl acetate, acetic acid, and vinyl acetate monomer (VAM), is methanol.

Global Ethyl Acetate Market Segmentation 

Application

Printing Inks

Adhesives

Cosmetics

Paints & Coatings

Pharmaceuticals

Food & Beverages

Herbicides

Others (including Marine and Mining)

Region

North America

Latin America

Europe

Asia Pacific

Middle East & Africa

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