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 2024-2032
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 |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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