About Ethyl Acetate
Ethyl Acetate is an organic compound which is also known as ethyl ethanoate. It is usually found as clear or transparent liquid with a sweet fruity smell. It is produce by using ethanol and acetic acid as primary components. The compound is said to be highly flammable and volatile. The market of ethyl acetate is expected to grow fuelled by rising demand from end user industries such as food and beverages industry which uses it to make food additive solvents. Although the recent pandemic led to disruption in supply chains and high demand simultaneously, resulting in sharp surge of ethyl acetate prices in markets such as Asia, Europe and elsewhere. The harmful effects of ethyl acetate on direct contact with humans, acts as a hindrance to the growth of the market. Geographically, Asia Pacific is expected to be leading market of ethyl acetate.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Ethyl Acetate market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Celanese Corporation (United States), Ineos Group Ltd. (United Kingdom), Eastman Chemical Company, DAICEL CORPORATION (Japan), Sasol Ltd. (South Africa), Linde plc (Ireland), Sipchem (Saudi Arabia), Jubilant Pharmova Limited (India), Jiangsu Sopo Co. Ltd. (China) and Showa Denko K.K. (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Wuxi Baichuan Chemical Industrial Co. Ltd. (China), Sekab (Sweden) and IOL Chemicals and Pharmaceuticals Ltd. (India).
Segmentation Overview
AMA Research has segmented the market of Global Ethyl Acetate market by , Application (Adhesives and Sealants, Paints and Coatings, Pigments, Solvents, Intermediates and Others) and Region.
On the basis of geography, the market of Ethyl Acetate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel , the sub-segment i.e. Direct will boost the Ethyl Acetate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Powder will boost the Ethyl Acetate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Food and Beverage will boost the Ethyl Acetate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Ethyl Acetate Faced Sharp Surge in Prices by 40-45% due to Supply Chain Disruptions and Sudden Increase in Demand, in Recent Pandemic
Market Growth Drivers:
Increasing Demand in Food and Beverages Industry owing to its Applications as Food Solvent Additive and Artificial Flavour Enhancer and Growth of Flexible Packaging Industry
Challenges:
Harmful Impacts on Direct Contact Associated with Ethyl Acetate such as Eye Irritation
Restraints:
Rising Stringent Regulations on Resins, and Adhesives and Water based Coating’s Rise in Popularity
Opportunities:
Coatings Application of Ethyl Acetate Presents Excellent Opportunities
Market Leaders and their expansionary development strategies
In 2019, Celanese Corporation, a US based Speciality Materials and Chemicals Company announced increase in prices of Ethyl Acetate in Europe by around Eur 110 per ton. This may be because of rising demand of ethyl acetate in the market.
Key Target Audience
Ethyl Acetate Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.