1. What is the projected Compound Annual Growth Rate (CAGR) of the Ethyl Acetate Market ?
The projected CAGR is approximately 5.1%.
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Ethyl Acetate Market Ethyl Acetate Market by Application (Paints & Coating Formulations, Adhesives, Sealants, Process Solvents, Printing Ink, Intermediates, Others), by End-Use Industry (Construction, Packaging, Automotive, Pharmaceuticals, Industrial & Dry Cleaning, Others), by North America (U.S., Canada), by Europe (Germany, France, Italy, U.K., Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by Middle East & Africa (GCC, South Africa, Rest of the Middle East & Africa) Forecast 2025-2033
The global ethyl acetate market is expected to grow from USD 3,940 million in 2021 to USD 5,320 million by 2028, at a CAGR of 5.1% during the forecast period. This growth can be attributed to the rising demand from the paints and coatings industry, where ethyl acetate is used as a solvent. Ethyl acetate is a simple organic ester that is organic in nature in its appearance and is a colourless liquid with a fruity odor that is usually used as a solvent in industries. It can be expressed as C4H8O2 and is typically manufactured through the esterification process using ethanol and acetic acid. It is also relatively non-toxic, which makes it generally safer to work with than many other solvents. Ethyl acetate is a widely useful solvent employed for coatings, paints, adhesives, and in the pharmaceutical industry as an extraction agent or intermediate. It is relatively volatile and can dissolve a broad range of compounds. It is an ideal additive in formulations where quick drying or efficient extraction is desirable. Likewise, ethyl acetate is biodegraded, adding to its environmental acceptability.
By Application:
By Region:
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 5.1% from 2019-2033 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 5.1%.
Key companies in the market include INEOS (UK), Celanese (US), Eastman Chemical (US), Jiangsu Sopo (China), Jiangmen Handsome (China), Wuxi Baichuan (China), Jubilant (India), GODAVARI BIOREFINERIES LTD. (India), Sekab (Sweden), Korea Alcohol (South Korea), IOL Chemicals and Pharmaceuticals (India).
The market segments include Application, End-Use Industry.
The market size is estimated to be USD 3,323.2 USD Million as of 2022.
Exceptional Performance of Composites to Drive the Market.
N/A
Rise in Demand for Water-Based Paints & Coatings to Hamper the Market Growth.
N/A
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The market size is provided in terms of value, measured in USD Million and volume, measured in Kilo Tons.
Yes, the market keyword associated with the report is "Ethyl Acetate Market ," which aids in identifying and referencing the specific market segment covered.
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