Asia-Pacific is expected to exhibit the fastest CAGR of 9.6% during the forecast period.

WILMINGTON, DE, UNITED STATES, November 26, 2025 /EINPresswire.com/ -- The global ethyl acetate market continues to expand, driven primarily by rising demand for solvent applications across diverse end-use industries and the compound’s overall cost-effectiveness. Allied Market Research’s latest report, “Ethyl Acetate Market by Application and End-Use Industry: Global Opportunity Analysis and Industry Forecast, 2022–2031,” reveals that the market generated $5.73 billion in 2021 and is projected to reach $10.33 billion by 2031, registering a CAGR of 6.1% from 2022 to 2031.

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Prime Growth Determinants:-

Drivers:

- Growing demand for solvent applications: Ethyl acetate remains a preferred solvent in pharmaceuticals, adhesives, coatings, and printing inks due to its high solvency and fast evaporation rate.
- Cost-effectiveness: Its competitive pricing and efficiency further encourage adoption across industrial processes.

Restraints:

- Availability of substitutes: Alternatives such as butyl acetate, methyl isobutyl ketone, and bio-based solvents pose competitive challenges.
- Environmental concerns: VOC emissions and regulatory pressures may limit usage in certain regions.

Opportunities:

- Production of renewable ethyl acetate: Increasing focus on sustainable chemistry is opening avenues for bio-based ethyl acetate, offering lucrative prospects for manufacturers.

Segmental Highlights:-

By Application:

Process Solvents:

- Dominated the market in 2021 (over one-fourth share).
- Widely used for extracting natural compounds, producing flavors and fragrances, and caffeine extraction.

Paints & Coatings:

- Expected to register the fastest CAGR of 6.5%.
- Growing use in specialty coatings, printing inks, leather finishes, and industrial coatings fuels growth.

By End-Use Industry:-

Pharmaceuticals:

- Largest revenue contributor in 2021 (over one-fourth share).
- Anticipated to grow at the highest CAGR of 6.6% due to extensive use in active pharmaceutical ingredient (API) manufacturing.

Regional Insights:-

Asia-Pacific:

- Largest regional market in 2021 (nearly two-fifths of global revenue).
- Expected to maintain dominance with the fastest CAGR of 6.6% through 2031.
- Growth backed by expanding pharmaceutical and food-processing industries and increased regulatory approvals for ethyl acetate use.

Other Regions:

- North America and Europe are set to maintain significant shares, with new project developments in China, Japan, India, South Korea, and Australia supporting global supply expansion.

Key Market Players:-

Leading players shaping the global ethyl acetate landscape include:

- Eastman Chemical Company
- Jubilant Ingrevia Limited
- Maharashtra Aldehydes and Chemicals Ltd.
- Sasol Limited
- Sipchem
- Celanese Corporation
- Daicel Corporation
- INEOS
- IOL Chemicals and Pharmaceuticals Limited
- Solvay

These companies focus on expansion, collaborations, new product development, and strategic agreements to strengthen their market presence.

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About Us:-

Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Allied Market Research
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