Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Ethyl Acetate Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Expected Market Growth Rates for the Ethyl Acetate Market?
The market size for ethyl acetate has experienced significant growth lately. In 2024, it was estimated at $5.12 billion and is predicted to reach $5.53 billion in 2025, representing a compound annual growth rate (CAGR) of 7.9%.
What Are the Expected Market Growth Trends for the Ethyl Acetate Market Through 2029?
The market size for ethyl acetate is projected to reach $8.43 billion in 2029, with a compound annual growth rate (CAGR) of 11.1%.
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What Are the Key Business Drivers in the Ethyl Acetate Market Landscape?
The key Drivers in the ethyl acetate market are:
• Rising demand for paints and coatings in various industries
• Extensive use of ethyl acetate as an industrial solvent in these applications
• Growth in the construction industry increasing demand for paint and coatings
• Increase in redecoration and protective coating application in new and old infrastructure
How Is the Ethyl Acetate Market Divided Across Key Categories?
The ethyl acetatemarket covered in this report is segmented –
1) By Sales Channel: Direct Company Sale, Direct Import, Distributors And Traders
2) By Application: Adhesives And Sealants, Paints And Coatings, Pigments, Process Solvents, Intermediates, Other Applications
3) By End-user Industry: Automotive, Artificial Leather, Food And Beverage, Pharmaceuticals, Other End-user Industries
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What Are the Ongoing Trends in the Ethyl Acetate Market?
The key trends in the ethyl acetate market are:
• Major market players are forming partnerships to expedite product development and strengthen their market positions.
• Companies are increasingly investing in innovations through shared resources and capabilities.
• The propulsion towards sustainability is promoting the creation of renewable ethyl acetate.
• Environmentally friendly techniques that reduce carbon emissions in ethyl acetate production are gaining traction.
Which Companies are Expanding in the Ethyl Acetate Industry?
The key players in the ethyl acetate market are:
• Celanese Corporation
• INEOS Group Ltd.
• Solvay S.A.
• Jiangsu Sopo (Group) Co., Ltd.
• Sekab Biofuels & Chemicals AB
• Eastman Chemical Company
• Daicel Corporation
• Shandong Jinyimeng Group Co., Ltd.
• Wuxi Baichuan Chemical Industrial Co., Ltd.
• Yip’s Chemical Holdings Limited
• Shanghai Huayi Group Corporation Limited
• Godavari Biorefineries Ltd.
• Ashok Alco-Chem Limited
• Sasol Ltd.
• Rhodia Acetow GmbH
• Lonza Group AG
• Chang Chun Petrochemical Co., Ltd.
• BASF SE
• Tianjin Soda Plant Co., Ltd.
• Yankuang Lunan Chemical Co., Ltd.
• Anhui Wanwei Group Co., Ltd.
Which is the Largest Region the Global Ethyl Acetate Market?
Asia-Pacific was the largest region in the ethyl acetate market in 2024 and is expected to be the fastest-growing region in the ethyl acetate market during the forecast period
