The Global Ethyl Acetate Market size is expected to reach $8.5 billion by 2030, rising at a market growth of 6.6% CAGR during the forecast period. In the year 2022, the market attained a volume of 4,369.2 Kilo Tonnes, experiencing a growth of 5.8% (2019-2022).
Ethyl acetate is used as a solvent in the production of coatings for artificial leather. Therefore, the artificial leather segment captured $263.5 million revenue in the market in 2022. It helps dissolve the coating ingredients, ensuring uniform application and adhesion to the synthetic leather substrate. It has a fast evaporation rate, which helps dry coatings on artificial leather quickly, increasing production efficiency.
The construction and automotive industries have experienced significant growth globally, driven by various factors such as urbanization, population growth, and infrastructure development. Additionally, as countries worldwide industrialize, they become major players in the global economy as producers and consumers of goods and services. Therefore, the increasing industrialization will support the expansion of the market in the coming years.
However, ethyl acetate is primarily derived from ethanol and acetic acid, both subject to price volatility based on factors such as supply-demand dynamics, weather conditions affecting crops, and geopolitical events. One of the main challenges posed by fluctuating raw material prices is the impact on production costs. Increases in ethanol and acetic acid prices directly translate to higher production costs for these manufacturers. Hence, these factors may result in slowed market growth.
By Distribution Channel Analysis
By distribution channel, the market is divided into offline and online. The offline segment garnered 76.6% revenue share in the market in 2022. Offline distribution channels offer personalized service, allowing customers to interact directly with sales representatives who can provide expert advice and guidance on product selection and usage.
By Application Analysis
Based on application, the market is characterized into paint & coatings, inks, process solvents, pigments, and others. The process solvents segment procured 15.9% growth rate in the market in 2022. Ethyl acetate is a highly effective solvent for a wide range of materials, including resins, polymers, fats, and oils. Its ability to dissolve these substances makes it valuable in various process applications, such as pharmaceuticals, textiles, and electronics.
By End Use Analysis
On the basis of end-use, the market is classified into artificial leather, automotive, food & beverage, packaging, pharmaceutical, and others. The automotive segment acquired 37.1% revenue share in the market in 2022. The use of ethyl acetate in the automotive industry is driven by its effectiveness as a solvent, environmental friendliness, cost-effectiveness, and versatility, making it a valuable component in the production of automobiles and automotive components.
By Regional Analysis
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment acquired 48.1% revenue share in the market in 2022. The construction and automotive industries are major consumers of ethyl acetate for paints, coatings, adhesives, and sealants. The rapid urbanization and infrastructure development in countries like China and India are driving its demand in these sectors.
List of Key Companies Profiled
- Celanese Corporation
- Daicel Corporation
- Eastman Chemical Company
- INEOS Group Holdings S.A.
- Wacker Chemie AG
- Linde plc
- Sasol Limited
- Solvay SA
- Sipchem Company
- Tokuyama Corporation
Global Ethyl Acetate Market Report Segmentation
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Paint & Coatings
- Inks
- Process Solvents
- Pigments
- Others
By End Use (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Automotive
- Artificial Leather
- Food & Beverage
- Pharmaceutical
- Packaging
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Netherlands
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Australia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Ethyl Acetate Market, by Distribution Channel
- 1.4.2Global Ethyl Acetate Market, by Application
- 1.4.3Global Ethyl Acetate Market, by End Use
- 1.4.4Global Ethyl Acetate Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter's Five Forces Analysis
Chapter 4.Global Ethyl Acetate Market by Distribution Channel
- 4.1Global Offline Market by Region
- 4.2Global Online Market by Region
Chapter 5.Global Ethyl Acetate Market by Application
- 5.1Global Paint & Coatings Market by Region
- 5.2Global Inks Market by Region
- 5.3Global Process Solvents Market by Region
- 5.4Global Pigments Market by Region
- 5.5Global Others Market by Region
Chapter 6.Global Ethyl Acetate Market by End-use
- 6.1Global Automotive Market by Region
- 6.2Global Artificial Leather Market by Region
- 6.3Global Food & Beverage Market by Region
- 6.4Global Pharmaceutical Market by Region
- 6.5Global Packaging Market by Region
- 6.6Global Others Market by Region
Chapter 7.Global Ethyl Acetate Market by Region
- 7.1North America Ethyl Acetate Market
- 7.1.1North America Ethyl Acetate Market by Distribution Channel
- 7.1.1.1North America Offline Market by Country
- 7.1.1.2North America Online Market by Country
- 7.1.2North America Ethyl Acetate Market by Application
- 7.1.2.1North America Paint & Coatings Market by Country
- 7.1.2.2North America Inks Market by Country
- 7.1.2.3North America Process Solvents Market by Country
- 7.1.2.4North America Pigments Market by Country
- 7.1.2.5North America Others Market by Country
- 7.1.3North America Ethyl Acetate Market by End-use
- 7.1.3.1North America Automotive Market by Country
- 7.1.3.2North America Artificial Leather Market by Country
- 7.1.3.3North America Food & Beverage Market by Country
- 7.1.3.4North America Pharmaceutical Market by Country
- 7.1.3.5North America Packaging Market by Country
- 7.1.3.6North America Others Market by Country
- 7.1.4North America Ethyl Acetate Market by Country
- 7.1.4.1US Ethyl Acetate Market
- 7.1.4.1.1US Ethyl Acetate Market by Distribution Channel
- 7.1.4.1.2US Ethyl Acetate Market by Application
- 7.1.4.1.3US Ethyl Acetate Market by End-use
- 7.1.4.2Canada Ethyl Acetate Market
- 7.1.4.2.1Canada Ethyl Acetate Market by Distribution Channel
- 7.1.4.2.2Canada Ethyl Acetate Market by Application
- 7.1.4.2.3Canada Ethyl Acetate Market by End-use
- 7.1.4.3Mexico Ethyl Acetate Market
- 7.1.4.3.1Mexico Ethyl Acetate Market by Distribution Channel
- 7.1.4.3.2Mexico Ethyl Acetate Market by Application
- 7.1.4.3.3Mexico Ethyl Acetate Market by End-use
- 7.1.4.4Rest of North America Ethyl Acetate Market
- 7.1.4.4.1Rest of North America Ethyl Acetate Market by Distribution Channel
- 7.1.4.4.2Rest of North America Ethyl Acetate Market by Application
- 7.1.4.4.3Rest of North America Ethyl Acetate Market by End-use
- 7.2Europe Ethyl Acetate Market
- 7.2.1Europe Ethyl Acetate Market by Distribution Channel
- 7.2.1.1Europe Offline Market by Country
- 7.2.1.2Europe Online Market by Country
- 7.2.2Europe Ethyl Acetate Market by Application
- 7.2.2.1Europe Paint & Coatings Market by Country
- 7.2.2.2Europe Inks Market by Country
- 7.2.2.3Europe Process Solvents Market by Country
- 7.2.2.4Europe Pigments Market by Country
- 7.2.2.5Europe Others Market by Country
- 7.2.3Europe Ethyl Acetate Market by End-use
- 7.2.3.1Europe Automotive Market by Country
- 7.2.3.2Europe Artificial Leather Market by Country
- 7.2.3.3Europe Food & Beverage Market by Country
- 7.2.3.4Europe Pharmaceutical Market by Country
- 7.2.3.5Europe Packaging Market by Country
- 7.2.3.6Europe Others Market by Country
- 7.2.4Europe Ethyl Acetate Market by Country
- 7.2.4.1Germany Ethyl Acetate Market
- 7.2.4.1.1Germany Ethyl Acetate Market by Distribution Channel
- 7.2.4.1.2Germany Ethyl Acetate Market by Application
- 7.2.4.1.3Germany Ethyl Acetate Market by End-use
- 7.2.4.2Russia Ethyl Acetate Market
- 7.2.4.2.1Russia Ethyl Acetate Market by Distribution Channel
- 7.2.4.2.2Russia Ethyl Acetate Market by Application
- 7.2.4.2.3Russia Ethyl Acetate Market by End-use
- 7.2.4.3UK Ethyl Acetate Market
- 7.2.4.3.1UK Ethyl Acetate Market by Distribution Channel
- 7.2.4.3.2UK Ethyl Acetate Market by Application
- 7.2.4.3.3UK Ethyl Acetate Market by End-use
- 7.2.4.4France Ethyl Acetate Market
- 7.2.4.4.1France Ethyl Acetate Market by Distribution Channel
- 7.2.4.4.2France Ethyl Acetate Market by Application
- 7.2.4.4.3France Ethyl Acetate Market by End-use
- 7.2.4.5Italy Ethyl Acetate Market
- 7.2.4.5.1Italy Ethyl Acetate Market by Distribution Channel
- 7.2.4.5.2Italy Ethyl Acetate Market by Application
- 7.2.4.5.3Italy Ethyl Acetate Market by End-use
- 7.2.4.6Netherlands Ethyl Acetate Market
- 7.2.4.6.1Netherlands Ethyl Acetate Market by Distribution Channel
- 7.2.4.6.2Netherlands Ethyl Acetate Market by Application
- 7.2.4.6.3Netherlands Ethyl Acetate Market by End-use
- 7.2.4.7Rest of Europe Ethyl Acetate Market
- 7.2.4.7.1Rest of Europe Ethyl Acetate Market by Distribution Channel
- 7.2.4.7.2Rest of Europe Ethyl Acetate Market by Application
- 7.2.4.7.3Rest of Europe Ethyl Acetate Market by End-use
- 7.3Asia Pacific Ethyl Acetate Market
- 7.3.1Asia Pacific Ethyl Acetate Market by Distribution Channel
- 7.3.1.1Asia Pacific Offline Market by Country
- 7.3.1.2Asia Pacific Online Market by Country
- 7.3.2Asia Pacific Ethyl Acetate Market by Application
- 7.3.2.1Asia Pacific Paint & Coatings Market by Country
- 7.3.2.2Asia Pacific Inks Market by Country
- 7.3.2.3Asia Pacific Process Solvents Market by Country
- 7.3.2.4Asia Pacific Pigments Market by Country
- 7.3.2.5Asia Pacific Others Market by Country
- 7.3.3Asia Pacific Ethyl Acetate Market by End-use
- 7.3.3.1Asia Pacific Automotive Market by Country
- 7.3.3.2Asia Pacific Artificial Leather Market by Country
- 7.3.3.3Asia Pacific Food & Beverage Market by Country
- 7.3.3.4Asia Pacific Pharmaceutical Market by Country
- 7.3.3.5Asia Pacific Packaging Market by Country
- 7.3.3.6Asia Pacific Others Market by Country
- 7.3.4Asia Pacific Ethyl Acetate Market by Country
- 7.3.4.1China Ethyl Acetate Market
- 7.3.4.1.1China Ethyl Acetate Market by Distribution Channel
- 7.3.4.1.2China Ethyl Acetate Market by Application
- 7.3.4.1.3China Ethyl Acetate Market by End-use
- 7.3.4.2India Ethyl Acetate Market
- 7.3.4.2.1India Ethyl Acetate Market by Distribution Channel
- 7.3.4.2.2India Ethyl Acetate Market by Application
- 7.3.4.2.3India Ethyl Acetate Market by End-use
- 7.3.4.3Japan Ethyl Acetate Market
- 7.3.4.3.1Japan Ethyl Acetate Market by Distribution Channel
- 7.3.4.3.2Japan Ethyl Acetate Market by Application
- 7.3.4.3.3Japan Ethyl Acetate Market by End-use
- 7.3.4.4South Korea Ethyl Acetate Market
- 7.3.4.4.1South Korea Ethyl Acetate Market by Distribution Channel
- 7.3.4.4.2South Korea Ethyl Acetate Market by Application
- 7.3.4.4.3South Korea Ethyl Acetate Market by End-use
- 7.3.4.5Singapore Ethyl Acetate Market
- 7.3.4.5.1Singapore Ethyl Acetate Market by Distribution Channel
- 7.3.4.5.2Singapore Ethyl Acetate Market by Application
- 7.3.4.5.3Singapore Ethyl Acetate Market by End-use
- 7.3.4.6Australia Ethyl Acetate Market
- 7.3.4.6.1Australia Ethyl Acetate Market by Distribution Channel
- 7.3.4.6.2Australia Ethyl Acetate Market by Application
- 7.3.4.6.3Australia Ethyl Acetate Market by End-use
- 7.3.4.7Rest of Asia Pacific Ethyl Acetate Market
- 7.3.4.7.1Rest of Asia Pacific Ethyl Acetate Market by Distribution Channel
- 7.3.4.7.2Rest of Asia Pacific Ethyl Acetate Market by Application
- 7.3.4.7.3Rest of Asia Pacific Ethyl Acetate Market by End-use
- 7.4LAMEA Ethyl Acetate Market
- 7.4.1LAMEA Ethyl Acetate Market by Distribution Channel
- 7.4.1.1LAMEA Offline Market by Country
- 7.4.1.2LAMEA Online Market by Country
- 7.4.2LAMEA Ethyl Acetate Market by Application
- 7.4.2.1LAMEA Paint & Coatings Market by Country
- 7.4.2.2LAMEA Inks Market by Country
- 7.4.2.3LAMEA Process Solvents Market by Country
- 7.4.2.4LAMEA Pigments Market by Country
- 7.4.2.5LAMEA Others Market by Country
- 7.4.3LAMEA Ethyl Acetate Market by End-use
- 7.4.3.1LAMEA Automotive Market by Country
- 7.4.3.2LAMEA Artificial Leather Market by Country
- 7.4.3.3LAMEA Food & Beverage Market by Country
- 7.4.3.4LAMEA Pharmaceutical Market by Country
- 7.4.3.5LAMEA Packaging Market by Country
- 7.4.3.6LAMEA Others Market by Country
- 7.4.4LAMEA Ethyl Acetate Market by Country
- 7.4.4.1Brazil Ethyl Acetate Market
- 7.4.4.1.1Brazil Ethyl Acetate Market by Distribution Channel
- 7.4.4.1.2Brazil Ethyl Acetate Market by Application
- 7.4.4.1.3Brazil Ethyl Acetate Market by End-use
- 7.4.4.2Argentina Ethyl Acetate Market
- 7.4.4.2.1Argentina Ethyl Acetate Market by Distribution Channel
- 7.4.4.2.2Argentina Ethyl Acetate Market by Application
- 7.4.4.2.3Argentina Ethyl Acetate Market by End-use
- 7.4.4.3UAE Ethyl Acetate Market
- 7.4.4.3.1UAE Ethyl Acetate Market by Distribution Channel
- 7.4.4.3.2UAE Ethyl Acetate Market by Application
- 7.4.4.3.3UAE Ethyl Acetate Market by End-use
- 7.4.4.4Saudi Arabia Ethyl Acetate Market
- 7.4.4.4.1Saudi Arabia Ethyl Acetate Market by Distribution Channel
- 7.4.4.4.2Saudi Arabia Ethyl Acetate Market by Application
- 7.4.4.4.3Saudi Arabia Ethyl Acetate Market by End-use
- 7.4.4.5South Africa Ethyl Acetate Market
- 7.4.4.5.1South Africa Ethyl Acetate Market by Distribution Channel
- 7.4.4.5.2South Africa Ethyl Acetate Market by Application
- 7.4.4.5.3South Africa Ethyl Acetate Market by End-use
- 7.4.4.6Nigeria Ethyl Acetate Market
- 7.4.4.6.1Nigeria Ethyl Acetate Market by Distribution Channel
- 7.4.4.6.2Nigeria Ethyl Acetate Market by Application
- 7.4.4.6.3Nigeria Ethyl Acetate Market by End-use
- 7.4.4.7Rest of LAMEA Ethyl Acetate Market
- 7.4.4.7.1Rest of LAMEA Ethyl Acetate Market by Distribution Channel
- 7.4.4.7.2Rest of LAMEA Ethyl Acetate Market by Application
- 7.4.4.7.3Rest of LAMEA Ethyl Acetate Market by End-use
Chapter 8.Company Profiles
- 8.1Celanese Corporation
- 8.1.1Company Overview
- 8.1.2Financial Analysis
- 8.1.3Segmental and Regional Analysis
- 8.1.4Research & Development Expenses
- 8.1.5SWOT Analysis
- 8.2Daicel Corporation
- 8.2.1Company Overview
- 8.2.2Financial Analysis
- 8.2.3Segmental and Regional Analysis
- 8.2.4Research & Development Expenses
- 8.2.5SWOT Analysis
- 8.3Eastman Chemical Company
- 8.3.1Company Overview
- 8.3.2Financial Analysis
- 8.3.3Segmental and Regional Analysis
- 8.3.4Research & Development Expense
- 8.3.5SWOT Analysis
- 8.4INEOS Group Holdings S.A.
- 8.4.1Company Overview
- 8.4.2Financial Analysis
- 8.4.3Segmental and Regional Analysis
- 8.4.4SWOT Analysis
- 8.5Wacker Chemie AG
- 8.5.1Company Overview
- 8.5.2Financial Analysis
- 8.5.3Segmental and Regional Analysis
- 8.5.4Research & Development Expenses
- 8.5.5SWOT Analysis
- 8.6Linde PLC
- 8.6.1Company Overview
- 8.6.2Financial Analysis
- 8.6.3Segmental Analysis
- 8.6.4Research & Development Expenses
- 8.6.5SWOT Analysis
- 8.7Sasol Limited
- 8.7.1Company Overview
- 8.7.2Financial Analysis
- 8.7.3Segmental and Regional Analysis
- 8.7.4Research & Development Expenses
- 8.7.5SWOT Analysis
- 8.8Solvay SA
- 8.8.1Company Overview
- 8.8.2Financial Analysis
- 8.8.3Segmental and Regional Analysis
- 8.8.4Research & Development Expenses
- 8.8.5SWOT Analysis
- 8.9Sipchem Company
- 8.9.1Company Overview
- 8.9.2Financial Analysis
- 8.9.3Segmental and Regional Analysis
- 8.9.4SWOT Analysis
- 8.10.Tokuyama Corporation
- 8.10.1Company Overview
- 8.10.2Financial Analysis
- 8.10.3Segmental and Regional Analysis
- 8.10.4Research & Development Expenses
- 8.10.5SWOT Analysis
Chapter 9.Winning Imperatives of Ethyl Acetate Market