The global ethyl acetate market is anticipated to grow at a considerable CAGR of 4.9% during the forecast period (2022-2028). 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).
Browse the full report description of “Global Ethyl Acetate Market Size, Share & Trends Analysis Report by Application (Adhesives and Sealants, Paints and Coatings, Pigments, Process Solvents, Intermediates, and Others) By End-User (Automotive, Artificial Leather, Food and Beverage, Pharmaceuticals, and Others) Forecast Period 2022-2028” at https://www.omrglobal.com/industry-reports/ethyl-acetate-market
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.
Market Coverage
• The market number available for – 2022-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Application
o By End-Use
• Regions Covered
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Celanese Corp, Daicel Corp, Eastman Chemical Company Wuxi Baichuan Chemical Industrial Co. Ltd.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Ethyl Acetate Market Report by Segment
By Application
By End User
Global Ethyl Acetate Market Report by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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