Ethyl acetate, a crucial chemical that is widely used as a solvent and has rapid dry properties, is driving the market's significant growth. The global ethyl acetate market reached USD 6.10 billion in 2024 and is expected to reach approximately USD 12.47 billion by 2034 with a compound annual growth rate (CAGR) of 9.70% during the forecast period of 2025-2035.

Commonly referred to as CH3COOCH2CH3, ethyl acetate is a common chemical compound that is colorless, volatile, and extremely flammable. It also has a fruity odor. It is made by esterifying ethanol and acetic acid, and because of its high solvent power and low toxicity, it is frequently used as a solvent. It is a very adaptable substance with a wide range of uses in a variety of industries, including printing, cosmetics, food and beverage, pharmaceutical, painting, and coating, among many others.

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GROWTH DRIVERS

The market for ethyl acetate, a versatile solvent, is expanding rapidly due to a number of factors. First, the pharmaceutical industry's growth increases demand for ethyl acetate as a solvent in drug formulation processes, and the cosmetics industry, which is driven by constant product launches, also uses ethyl acetate for perfumes and nail polish removers.

As a flavor enhancer that fits in with the growing global food and beverage sector, ethyl acetate is essential to the food business. Paints and coatings are needed in the furniture, automobile, and construction industries. Ethyl acetate is essential for the production of paints and coatings since it acts as a solvent without leaving any resins behind.

MARKET SEGMENTATION:

·         By Application – Printing inks, adhesives, cosmetics, paintings and cosmetics, pharmaceuticals and others

·         By Region - North America, Europe, Asia Pacific, the Middle East and Africa, and South America.

Global Key Players:

·         Celanese

·         INEOS

·         Eastman Chemical Company

·         Sasol Limited

·         Jubilant Ingrevia

·         Dairen Chemical corporation

·         Chang Chun Petrochemical

·         Solvay S.A

·         LCY Chemical Group

·         Daicel Corporation

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