Get the latest insights on price movement and trend analysis of Ethyl Acetate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Why did the Ethyl Acetate Price Change in July 2025? The Ethyl Acetate Price Index averaged USD 1,503/MT FOB USGC in Q2 2025, reflecting mild downward pressure as industrial coatings and adhesives demand softened.

The Ethyl Acetate Market Report Segments the Industry by Purity Grade (Industrial/Coatings Grade, Food Grade, Pharmaceutical/GMP Grade), Source (Petro-Based and Bio-Based), Application (Paints and Coatings, Flexible-Packaging Inks, and More), End-User Industry (Automotive, Artificial Leather, and More), and Geography (Asia-Pacific, North America, Europe, and More). The Market Forecasts are Provided in Terms of Volume (tons).

Discover the key factors influencing ethyl acetate prices, including supply and demand, industrial demand, geopolitical events, energy market fluctuations, and regulatory impacts. Learn how to track current and historical price data effectively for this widely used solvent in industries like paints, cosmetics, and adhesives.

Explore the factors influencing the price trends of ethyl acetate, a key solvent in industries like pharmaceuticals and paints. Understand how raw material costs, production capacities, and macroeconomic factors such as crude oil prices impact this market. Discover how recent global events, including the COVID-19 pandemic and geopolitical tensions, have shaped current pricing and anticipate future market dynamics.

The Europe Ethyl Acetate Market would witness market growth of 6.0% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 608.4 Kilo Tonnes, showcasing a growth of 5.2% (2019-2022). The pharmaceutical industry is another major consumer of ethyl acetate,

Snapshot img

Ethyl Acetate Market Size 2024-2028

The ethyl acetate market size is forecast to increase by USD 1.45 billion at a CAGR of 5.07% between 2023 and 2028.

Ethyl acetate is a significant organic compound with increasing demand in various industries, particularly in food processing. The market for ethyl acetate is experiencing growth due to the rising demand for this compound in the food industry. Furthermore, the trend towards using eco-friendly and sustainable products is driving the demand for green ethyl acetate. Ethyl acetate's unique properties, including increased flexibility, easy recyclability, improved shelf life, and quick drying, make it an ideal choice for car care products, chromatographic separation processes, solvent-based printing inks, and synthetic leather production. However, the volatile nature of natural ingredients used in its production poses a challenge to market stability. Producers must ensure consistent quality and supply to meet the growing demand while navigating the complexities of natural ingredient sourcing. Ethyl acetate's versatility as a solvent and intermediate in various applications continues to fuel its market expansion. The market analysis report provides a comprehensive overview of these trends and challenges, offering valuable insights for stakeholders and industry participants.

What will be the Size of the Market During the Forecast Period?

Request Free Sample

The market is experiencing significant growth due to its versatility and wide range of applications in various industries. In the car care industry, ethyl acetate is utilized as a solvent and a cleaning agent due to its ability to dissolve various types of grease and grime. It is also used in the production of synthetic leather, providing enhanced adhesion and viscosity control. The chemicals industry also benefits from ethyl acetate as it serves as a solvent and a reactant in the synthesis of pharmaceutical intermediates and resins.
In the pharmaceutical sector, ethyl acetate is used as a solvent in the extraction and purification of active pharmaceutical ingredients. Moreover, ethyl acetate's low volatile organic compound (VOC) content makes it an attractive option for the solvents and binders market. It is used in the production of pigments and additives, contributing to the growth of the chemicals industry. Solvent-based printing inks are another major application area for ethyl acetate. Its quick-drying properties make it an ideal choice for the printing industry, allowing for efficient production and reduced downtime. In conclusion, the market is driven by its diverse applications in various industries, including car care, chemicals, pharmaceuticals, and printing.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Paints and coatings
  Printing ink
  Process solvents
  Others


End-user

  Construction
  Automotive
  Furniture
  Food and beverages
  Others


Geography

  APAC

    China
    India
    Japan


  Europe

    Germany


  North America



  Middle East and Africa



  South America

By Application Insights

The paints and coatings segment is estimated to witness significant growth during the forecast period.

Ethyl acetate is a versatile solvent extensively used in various coating applications, including epoxies, urethanes, cellulosics, acrylics, and vinyl. These coatings find extensive use in industries such as construction, agriculture, and automotive, which are expected to grow at a CAGR of around 4% during the forecast period. Ethyl acetate's miscibility with most organic solvents enables its application in cleaner blends for removing oils, grease, and soils. In the packaging industry, ethyl acetate is used in plastic films, pouches, and coatings, enhancing their durability, barrier properties, and vibrant printed designs. Ethyl acetate's role in enhancing the performance and functionality of coatings and packaging solutions makes it an essential ingredient in these industries.

Get a glance at the market report of share of various segments Request Free Sample

The paints and coatings segment was valued at USD 2.45 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 77% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market share of various regions Request Free Sample

The market growth in APAC is driven by the expanding processed food industry, particularly in countries l

The global Ethyl Acetate Market was valued at USD XX million in 2025 and is projected to reach USD XX million by 2033, exhibiting a CAGR of 5.00% during the forecast period. The market growth is primarily attributed to the rising demand for ethyl acetate in various applications, including adhesives, coatings, inks, and pharmaceuticals. It is widely used as a solvent in the production of paints, coatings, and inks due to its excellent solvency, volatility, and evaporation rate. Moreover, the growing food and beverage industry is fueling the demand for ethyl acetate as a flavor enhancer in beverages and confectionary products. The increasing demand for ethyl acetate from the automotive and electronics sectors is also driving market growth. The automotive industry utilizes ethyl acetate in the production of adhesives, sealants, and paints, while the electronics sector employs it as a cleaning agent and solvent in the manufacturing process. The Asia Pacific region is expected to witness steady growth in the ethyl acetate market during the forecast period. This growth is driven by the region's robust economic development, growing population, and increasing industrialization. The presence of a substantial automotive and electronics industry in countries such as China, India, and Japan is a key factor driving the demand for ethyl acetate in this region. Recent developments include: In July 2022, Yip's Chemical said it had signed an agreement to sell a 51% effective interest in Handsome Chemical, a subsidiary of its solvents business, to investment firm PAG for around CNY 2.3 billion (~USD 0.36 billion). Handsome Chemical is the world's largest acetate solvent producer, with an annual production capacity of more than 1.6 m tons., In March 2021, Celanese Corporation announced that its Clear Lake, Texas, incorporated chemical production plant would start using recycled carbon dioxide (CO2) as a substitute feedstock for the fabrication of methanol, a vital raw material in the production of various acetyl products, including ethyl acetate, vinyl acetate monomer (VAM), acetic acid, and other derivatives.. Key drivers for this market are: Increasing Demand from Paints and Coatings Applications, Increasing Demand from the Flexible Packaging Industry; Stringent Regulatory Norms for Natural Leather Production. Potential restraints include: Increasing Demand from Paints and Coatings Applications, Increasing Demand from the Flexible Packaging Industry; Stringent Regulatory Norms for Natural Leather Production. Notable trends are: Increasing Demand from the Paints and Coatings Industry.

Ethyl Acetate Market is estimated to be valued at USD 6.69 Bn in 2025 and is expected to expand at annual growth rate of 7.0% , reaching USD 10.75 Bn by 2032.

The Ethyl Acetate market, currently valued in the hundreds of millions (precise figures unavailable but estimated based on similar markets and provided CAGR), is experiencing robust growth, exceeding a 5% CAGR from 2019 to 2033. This expansion is driven by strong demand from key sectors like coatings, adhesives, and pharmaceuticals, where ethyl acetate serves as a crucial solvent and intermediate. The increasing use of sustainable and eco-friendly solvents is further propelling market growth. However, fluctuations in raw material prices (primarily acetic acid and ethanol) and stringent environmental regulations pose challenges. The market is segmented by application (e.g., coatings, inks, pharmaceuticals), region (North America, Europe, Asia-Pacific, etc.), and end-use industry. Major players like Celanese Corporation, Eastman Chemical Company, and INEOS dominate the landscape, leveraging their extensive production capabilities and established distribution networks. The competitive landscape is characterized by both large multinational corporations and regional players, creating a dynamic market environment. Future growth will hinge on technological advancements leading to more efficient production methods, the exploration of new applications for ethyl acetate, and the continued adoption of sustainable manufacturing practices. The forecast period of 2025-2033 presents significant opportunities for market expansion. Innovation within the coatings and adhesives industries, driven by the demand for high-performance and environmentally friendly materials, is expected to fuel demand. Moreover, the pharmaceutical industry's ongoing growth, especially in developing economies, will likely contribute to increased consumption of ethyl acetate as a solvent in drug manufacturing. However, companies must navigate potential price volatility in raw materials and adjust their strategies to meet increasingly stringent environmental standards. Strategic partnerships, mergers and acquisitions, and investments in research and development will be crucial for maintaining a competitive edge within this dynamic and expanding market. Recent developments include: In July 2022, Yip's Chemical said it had signed an agreement to sell a 51% effective interest in Handsome Chemical, a subsidiary of its solvents business, to investment firm PAG for around CNY 2.3 billion (~USD 0.36 billion). Handsome Chemical is the world's largest acetate solvent producer, with an annual production capacity of more than 1.6 m tons., In March 2021, Celanese Corporation announced that its Clear Lake, Texas, incorporated chemical production plant would start using recycled carbon dioxide (CO2) as a substitute feedstock for the fabrication of methanol, a vital raw material in the production of various acetyl products, including ethyl acetate, vinyl acetate monomer (VAM), acetic acid, and other derivatives.. Key drivers for this market are: Increasing Demand from Paints and Coatings Applications, Increasing Demand from the Flexible Packaging Industry; Stringent Regulatory Norms for Natural Leather Production. Potential restraints include: Increasing Demand from Paints and Coatings Applications, Increasing Demand from the Flexible Packaging Industry; Stringent Regulatory Norms for Natural Leather Production. Notable trends are: Increasing Demand from the Paints and Coatings Industry.

The United States (US) Ethyl Acetate Market size is expected to reach $1.1 Billion by 2030, rising at a market growth of 6% CAGR during the forecast period. In the year 2022, the market attained a volume of 511.8 Kilo Tonnes, experiencing a growth of 5.3% (2019-2022).

The ethyl acetate mar

The global ethyl acetate market demand reached a volume of nearly 4.53 MMT in 2024. The market is projected to grow at a CAGR of 3.60% between 2025 and 2034, to reach a volume of around 6.45 MMT by 2034.

Forecast: Ethyl Acetate Market Size Value in Germany 2022 - 2026 Discover more data with ReportLinker!

The Japan Ethyl Acetate Market size is expected to reach $559.94 Million by 2030, rising at a market growth of 6.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 272.02 Kilo Tonnes, experiencing a growth of 5.7% (2019-2022). The ethyl acetate market in Japan ha

The Ethyl Acetate Market is expected to reach a value of $3.44 billion by 2033, expanding at a CAGR of 9.00% during the forecast period (2025-2033). The increasing demand for ethyl acetate in various applications such as adhesives and sealants, coatings, and pigments is driving the market growth. Additionally, the growing pharmaceutical and automotive industries are expected to contribute to the market expansion. Key trends influencing the market include the increasing use of ethyl acetate as a green solvent in the production of paints and coatings, the substitution of traditional solvents with ethyl acetate in the pharmaceutical industry, and the growing demand for ethyl acetate in the Asia-Pacific region. However, the volatile prices of raw materials and the stringent environmental regulations pose challenges to the market growth. Major players in the Ethyl Acetate Market include DAICEL CORPORATION (Japan), KAI CO.LTD. (South Korea), Sipchem (Saudi Arabia), SHOWA DENKO K.K. (Japan), Merck KGaA (Germany), Shandong Jinyimeng Group Co.Ltd., Yip's Chemical Holdings Limited (China), and GODAVARI BIOREFINERIES LTD. (India). Recent developments include: October 2022: Sekab is investing SEK 100 million to enhance the manufacturing of chemicals for industrial applications manufactured from renewable raw resources. The investment was made in response to the dramatically rising demand for environmentally friendly substitutes for fossil-fuel products. After the expansion, Sekab will be able to provide even more renewable chemicals like acetaldehyde, ethyl acetate, and acetic acid., December 2022: CropEnergies AG, Mannheim, Germany, will construct a facility for synthesizing sustainable ethanol into renewable ethyl acetate. The anticipated location is the Zeitz Chemical and Industrial Park in Elsteraue, Germany. The first production facility for the brand-new biobased chemicals industry has been given the all-clear by CropEnergies supervisory board. The new production plant will require a total investment of between 120 and 130 million euros... Notable trends are: Expanding applications in the paints and coatings industry to propel market growth.

The Germany Ethyl Acetate Market size is expected to reach $372.35 Million by 2030, rising at a market growth of 4.7% CAGR during the forecast period. In the year 2022, the market attained a volume of 187.63 Kilo Tonnes, experiencing a growth of 3.9% (2019-2022). The ethyl acetate market in German

After two years of decline, the Kenyan ethyl acetate market increased by 23% to $5.7M in 2024. Overall, the total consumption indicated a moderate expansion from 2012 to 2024: its value increased at an average annual rate of +4.1% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $6.4M. From 2022 to 2024, the growth of the market remained at a lower figure.

The Belgian ethyl acetate market shrank markedly to $9.7M in 2024, waning by -53.6% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $79M. From 2023 to 2024, the growth of the market remained at a lower figure.

Forecast: Ethyl Acetate Market Size Volume in Germany 2024 - 2028 Discover more data with ReportLinker!

Forecast: Ethyl Acetate Market Size Volume in Spain 2024 - 2028 Discover more data with ReportLinker!