Overview
Ethyl Acetate Market size is forecast
to reach the market size of $4.9 billion, grow at a CAGR of 4.2% during 2020-2025. Increasing demand from the
flexible packaging industry is leading the market growth of ethyl acetate.
Apart from this, the replacement of conventional coatings by high solid and water-borne
coatings is expected to hinder the growth of ethyl acetate industry.
Ethyl acetate, also known as ethyl ethanoate, acetoxyethane, acetic acid ethyl ester, acetic ether, ethyl acetic ester, vinegar naphtha, acetic acid, ethyl ester, ethylacetate, acetidin, acetic ester, is one organic compound and is used predominantly as a solvent in various reactions. Ethyl acetate is obtained through the direct esterification of ethyl alcohol with acetic acid, a process that involves combining acetic acid with excess ethyl alcohol and adding a small amount of sulphuric acid.
Report Coverage
The report: “Ethyl Acetate Market – Forecast (2020-2025)”, by IndustryARC, covers
an in-depth analysis of the following segments of the Ethyl Acetate Industry.
Key Takeaways
Innovations in production of ethanol from coal
or natural gas industry is likely to act as an opportunity in future.
The rapidly expanding of construction industry
due to the demand of new infrastructure and the income of green field
investments across various sectors are becoming the major factors which helps
to dominate the APAC region in ethyl acetate market.
By Application - Segment Analysis
Ethyl acetate has a wide range of
applications as an effective solvent for nail polish removers, nail polishes
and base coats. It has a fruity flavor and works in nail polish as a
film-forming agent. It is also used in the extraction of nail polish as it is
soft on nail enamel and absorbs nail paint easily. Frequent spa and salon
customer visits to hold the nails will add to market demand. Increasing demand
for nail products due to growing awareness of personal grooming, particularly
in younger generations, may boost demand for products in applications for nail
care. On the other hand, for paints and entomological killing agent, it is also
used as an activator or hardener and as a solvent for inks, enamels and other
chemical processes. Increasing disposable income and evolving behavior fuels
the fragrance market, which in turn creates substantial opportunities for ethyl
acetate to develop.
By End User - Segment Analysis
Food and beverages had the
largest volume share on the global market for ethyl acetate in 2017 by end-use
industries and is expected to grow with the CAGR of 4.1% over the forecast period from 2020 to 2025. It is anticipated that increasing demand for food & drinks
would drive growth in the global market for ethyl acetate. Due to the
increasing demand for ethyl acetate from the packaging industry, Asia Pacific
had a significant market share in the global market for ethyl acetate in 2017.
In the manufacture of plastic packaging, polyester and BOPP movies, ethyl
acetate is used. In addition to packaging, the development in the region's
online food distribution and e-retail business is expected to drive growth in
the Asia Pacific ethyl acetate market during the forecast period due to rising
food and beverage demand. Nonetheless, replacing solvent-based coating with
water-borne coatings during the forecast period that impede the growth of the
ethyl acetate industry.
Geography - Segment Analysis
It is predicted that Asia-Pacific will control the market
demand analyzed during the forecast period with market share of more than 70% in 2019. Due to rising household incomes and
urbanization levels in countries such as India, China, and Malaysia,
significant growth rates are anticipated in Asia-Pacific. In terms of growth,
China is the second largest economy in the world, and the increasing income
rate of the country's population is driving the economy higher. Although in
recent years the economy has seen steady growth, it is likely to recover and
expand at a significant rate. In the recent past, demand for ethyl acetate has
grown steadily over India. Automotive, meat, drink, and furniture are the main
end-user industries in the country which hold significant shares in ethyl
acetate use. In addition, increasing output of new vehicles, along with
expanding manufacturing facilities in the region, demand for automotive
coatings is expected to continue to rise in the coming years, which is expected
to drive demand for the market being studied.
Drivers – Ethyl Acetate Market
Growing demand from paints
and coatings application leads the market growth.
Ethyl acetate
has its applications in a range of painting formulas in the paints and coatings
business, such as epoxies, urethanes, cellulosic, acrylics, and vinyl. Ethyl
acetate is the main use in oils as an activator and hardener. The global market
for paints and coatings is rising at a healthy rate, largely due to the
increasing housing construction activities in Asia-Pacific emerging economies,
along with a rise in Asia-Pacific and Europe automobile production. With
increasing housing development, population, and income levels in countries like
India, China, Mexico, and Brazil, furniture demand is rising at a healthy rate.
This scenario is expected to increase demand for wood coatings, in effect
enhancing the use of ethyl acetate used to formulate these coatings, which
further propels the market demand analyzed during the forecast period.
Market Landscape
1.1 Definitions and Scope
2. Ethyl Acetate Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Ethyl Acetate Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Ethyl Acetate Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Ethyl Acetate Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Ethyl Acetate Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Ethyl Acetate Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Ethyl Acetate Market - By Product Type (Market Size -$Million / $Billion)
9. Ethyl Acetate Market - By End-user Industry (Market Size -$Million / $Billion)
11.1 Ethyl Acetate Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Ethyl Acetate- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Ethyl Acetate- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Ethyl Acetate - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong Kong
11.8.5.9 Rest of APAC
11.9 Ethyl Acetate - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Ethyl Acetate Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Ethyl Acetate Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at the global level - Top 10 companies
13.1.6 Best Practises for companies
14. Ethyl Acetate Market - Key Company List by Country Premium
15. Ethyl Acetate Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Alcohol Industrial Co, Ltd
15.3 Bp
15.4 Celanese Corporation
15.5 Daicel Corporation
15.6 Dhampur Sugar Mill Ltd
15.7 Eastman Chemical Company
15.8 Ercros
15.9 Godavari Biorefineries
15.10 Gujarat Narmada Valley Fertilizer Chemical Ltd
15.11 Ineos Group Limited
15.12 Jiangsu Sopo Co, Ltd
15.13 Jinyimeng Group Co. Ltd
15.14 Jubilant Life Science
15.15 Laxmi Enterprise
15.16 Lcy Chemical Corp
15.17 Merck Kgaa
15.18 Nippon Gohsei Co Ltd
15.19 Rhodia S A
15.20 Sasol Limited
15.21 Showa Denko
15.22 Sipchem
15.23 Wuxi Baichuan Chemical Industrial Co, Ltd
15.24 Company 23
15.25 Company 24 & More
16.1 Abbreviations
16.2 Sources
17. Ethyl Acetate Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends