Ethyl Acetate Market to see Rapid Growth by 2031

Ethyl acetate market is anticipated to grow at a considerable CAGR of 4.9% during the forecast period. The growth in electric vehicles further presents new opportunities for the automotive sector market where the government rising initiatives play a major factor in driving the growth of the ethyl acetate market. For instance, in 2020, the United States Environmental Protection Agency (EPA) proposed technical changes to emissions testing protocols and compliance calculations for the Light-duty Greenhouse Gas (GHG) Emissions Standards and Fuel Economy Standards to provide a smooth transition from using test fuel with 0% ethanol (E0) to test fuel that contains 10% ethanol (E10). 

Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in March 2021, Celanese Corporation announced that its Clear Lake, Texas incorporated chemical production plant will start using recycled carbon dioxide (CO2) as a substitute feedstock in the fabrication of methanol, a vital raw material in the production of various acetyls products, including vinyl acetate monomer, ethyl acetate, acetic acid, and other derivatives. This carbon capture and reuse process are expected to produce sustainable methanol with a high capital efficiency at competitive pricing. Additionally, Celanese is committed to protecting the Earth’s natural resources to fulfill their commitment, they are taking strategic steps aimed at reducing their operational impact globally and working with recycled CO2 at their Clear Lake facility. 

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Market Coverage

• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031

Segment Covered- 

• By Application
• By End-Use

Regions Covered

• North America
• Europe
• Asia-Pacific
• Rest of the World

Competitive Landscape- Celanese Corp, Daicel Corp, Eastman Chemical Company Wuxi Baichuan Chemical Industrial Co. Ltd.

Ethyl Acetate Market Report by Segment

By Application

• Adhesives and Sealants 
• Paints and Coatings 
• Pigments 
• Process Solvents 
• Intermediates 
• Others

By End User

• Automotive 
• Artificial Leather
• Food and Beverage 
• Pharmaceuticals 
• Others

A full Report of Ethyl Acetate Market is Available @  https://www.omrglobal.com/industry-reports/ethyl-acetate-market

Ethyl Acetate Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Spain
• France
• Italy
• Rest of Europe

Asia-Pacific

• India
• China
• Japan
• South Korea
• Rest of APAC

Rest of the World

• Latin America 
• Middle East & Africa

Company Profiles           

• Ashok Alco - Chem Ltd
• Celanese Corp
• Daicel Corp
• Eastman Chemical Co
• Godavari Biorefineries Ltd.
• Ineos Group Ltd 
• Jiangsu SOPO (Group) Co. Ltd
• Jubilant Pharmova Limited
• KAI Industries Co Ltd
• Kanoria Chemicals & Industries Ltd
• Linde plc
• Lonza Group
• Merck KGaA
• Indo Acidatama Tbk
• Sasol Ltd 
• Saudi International Petrochemical Co
• Shandong Jinyimeng Group Co. Ltd.
• SHOWA DENKO K.K.
• Wuxi Baichuan Chemical Industrial Co. Ltd
• Yip's Chemical Holdings Ltd

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