The global Ethyl Acetate market size is expected to be worth around US$ 10.3 billion by 2030, according to a new report by Vision Research Reports.
The global Ethyl Acetate market size was valued at US$ 5.7 billion in 2020 and is anticipated to grow at a CAGR of 9.8% during forecast period 2021 to 2030.
|Market Size||US$ 10.3 Billion by 2030|
|Growth Rate||CAGR of 9.8% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||End use|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Solvay; Eastman Chemical Company; Sasol Limited; INEOS|
This is attributed to the growing investments in the construction, pharmaceuticals, and automotive sector. There has also been a significant rise in the production of sustainable packaging products such as flexible packaging due to increasing environmental concerns, which is anticipated to propel the demand for solvent-based printing inks in the packaging industry over the forecast period.
Ethyl acetate solvents are witnessing an increase in demand across the world owing to their growing application scope in various key end-use industries such as fragrances, food, and beverages, automotive, Pharmaceuticals, and packaging. Further, it is used in coating formulations such as acrylics, urethanes, and epoxies. These coatings are applied on fixtures, wood furniture, and mining equipment.
By End-use Analysis
The food and beverage segment dominated the market and accounted for the largest revenue share of 25.9% in 2020. This high share is attributable to increased usage in various food products such as fruits, dairy, meat, and vegetables among others due to its low toxicity, agreeable odor, and low cost.
The pharmaceutical application segment is another large segment in the market. The segment accounted for a revenue share of around 24.o% in 2020.
tThe auto refinishing process, which involves refurbishing and repairing automobiles and other transportation vehicles. It has a wide scope of application in the manufacturing process of artificial leather as the ethyl acetate solvent plays a vital role in the leather production process.
By Regional Analysis
In Asia Pacific, the market accounted for the highest revenue share of 50.0% in 2020. This is attributed to the rising urbanization and research and development for the creation of technologically advanced products at an affordable rate.
In North America, ethyl acetate is mainly used for manufacturing printing inks, paints, and coatings, synthetic leather, etc. The increasing consumption of these products is expected to contribute to the growth of the ethyl acetate market in the region.
Europe has the presence of major industrial economies, such as the U.K., Germany, and France which have a continuously increasing number of manufacturers and suppliers of automobiles, food products, and beverages, packaging solutions.
Eastman Chemical Company
Food & Beverages
Central & South America
Middle East & Africa
The Ethyl Acetate market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Ethyl Acetate market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Ethyl Acetate market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Ethyl Acetate market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Ethyl Acetate market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Ethyl Acetate capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Ethyl Acetate by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Ethyl Acetate market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Ethyl Acetate market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Ethyl Acetate market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Ethyl Acetate industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Ethyl Acetate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Ethyl Acetate market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Ethyl Acetate market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Ethyl Acetate market. These factors have benefited the growth of the global market for Ethyl Acetate. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Ethyl Acetate. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Ethyl Acetate are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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