The Ethyl acetate Market had a production volume of 4.75MMT in 2022 and is expected to record a CAGR of 4% during the forecast period of 2022 to 2030 in terms of valuation. Market Research Future Declared several end user industries like painting, construction, automobile, and others as major traction providers. This growth is happening mainly for the rising cases of industrialization in several emerging economies across the world. In the pharmaceutical sector, the market is expected to fare well due to its growing demand for better drug production status. In the manufacturing of alcoholic beverages, it will gain significant traction.
However, the volatile price of resources and the toxic level of the product can deter the ethyl acetate market growth.
Competitive Landscape:
The global market of ethyl acetate is all set to profit from various tactical moves of companies like Eastman Chemical Company (US), Celanese Corporation (US), Jubilant Life Sciences (India), Lonza (Switzerland), INEOS (UK), PT. Indo Acidatama Tbk (Indonesia), Solvay (Belgium), Sekab (Sweden), Shandong Jinyimeng Group Co. Ltd. (China), DAICEL CORPORATION (Japan), Merck KGaA (Germany), Sipchem (Saudi Arabia), SHOWA DENKO K.K. (Japan), KAI CO., LTD. (South Korea), Yip's Chemical Holdings Limited (China), Ashok Alco - chem Limited (India), Jiangsu SOPO (Group) Co., Ltd.
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Market Segmentation:
The global ethyl acetate market has been segmented by MRFR analysts on the basis of has been segmented by application, and end-use industry. This is to get various details related to factors and dynamics that can assist in better planning of the market in the coming years.
By application, the report with particulars of the global ethyl acetate market segments it into coatings formulations, adhesives sealants, process solvents, intermediates, pigments, flavor enhancers, and others. The market is getting ample backing from various sectors where coating and adhesives sealants are in use.
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Regional Analysis:
The regional analysis of the market for ethyl acetate has focused on the demographic challenges that can change the outcome. The Asia Pacific is the leading region where several end user industries are playing crucial roles in taking the ethyl acetate market ahead. End users like food beverage, paints coatings, and others are getting substantial backing from rapid industrialization, contributions from the emerging economies, friendly government policies, and availability of cheap labor are expected to take the regional market forward.
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