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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