Ethyl Acetate Market - Competitive Portfolio, Market Share, Business Strategy, and Developments, 2023-2032

Ethyl Acetate is an organic ester compound with a molecular formula of C4H8O2. It is commonly used as a solvent for cleaning, paint removal and coatings. The key factor driving growth of the global ethyl acetate market is the strong demand from surface coatings application and as a replacement for restricted solvents. 

The global ethyl acetate market is fragmented with a large number of suppliers primarily based in the Asia Pacific region. Major countries across the world such as the U.S., Canada, France, UK, and Germany produce ethyl acetate locally however, these countries also rely for a significant portion of their demand on imports from Asian countries to meet their domestic demand.

The report titled “Global Ethyl Acetate Market – Competitive Portfolio, Market Share, Business Strategy, and Developments, 2022 - 2032” offers strategic visions into competitive landscape of the global ethyl acetate market. The report would offer company overview for each leading player active in the global ethyl acetate market while considering parameters namely global sales network, employee strength, key executives, listing on the stock exchange, subsidiaries, R&D activities, and manufacturing portfolio. For instance, Celanese Corporation reported research and development spending of US$ 72 Million and US$ 78 Million the 2017 and 2016 respectively. Moreover, the geographic network share for Celanese indicates strong presence in the Europe and African region, occupying 48.0% share in the overall sales revenue. The global ethyl acetate market revenue stood at 4.57 Billion in 2018 and is expected to expand at a CAGR of 5.6% from 2019 to 2024.

The report also covers business segment analysis which would enlist all the business segments of the company and would further identify the placement of ethyl acetate segment in the company’s overall portfolio. Furthermore, ethyl acetate segment share in the total company business would also be highlighted. For instance, INEOS operates through three business segments namely Olefins & Polymers Europe, Olefins & Polymers North America, and Chemical Intermediates. Ethyl acetate is produced and sold under INEOS oxide product group of the chemical intermediates business segment. Chemical intermediates segment share in the overall business revenue stood at 49.8% in 2017.

The report also covers key competitive information such as product portfolio and recent developments for all ethyl acetate producers. Product portfolio encompasses all the available products under the ethyl acetate business segment. The product details would include product name, specifications, commercial production date, and technology utilized in its production. Whereas, recent development section provides details into the latest development activities of the company. This section highlights developments such as product/technology expansion, acquisition, new product launches, geographical expansion, partnerships, alliances, and new investments into ethyl acetate products. For instance, in 2016, INEOS through its business segment INEOS Oxide announced to expand its Hull facility to increase production of ethyl acetate by 100,000 tons per year. Key players in the global ethyl acetate market have been adopting business expansion strategies such as capacity expansion and geographic expansion to strengthen market position. Moreover, the manufacturers are increasingly focusing on dynamic pricing strategies to lure buyers in the global marketplace.

The key players active in the global ethyl acetate market include Celanese Corporation, INEOS AG, Eastman Chemical Company, Solvay S.A., Jiangsu Sopo (Group) Co., Ltd., Jubilant Life Science Ltd., Sekab Biofuels & Chemicals AB, Sasol Ltd., Daicel Corporation, and Jinyimeng Group Co. Ltd.

Market Segmentation

By Geography

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America