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Ethyl Acetate (CAS NO:593-84-0) Market Outlook, 2025
Ethyl acetate (CAS NO:593-84-0) is a colorless and flammable liquid with a sweet, pungent odor. It is miscible in water and has a boiling point of 77.1°C and a flash point of -4°C. It is prepared by the ethanol fermentation of acetic acid. Ethyl acetate is used as a solvent for paints, lacquers, varnishes, and inks. It is also used as a flavoring agent in food and beverages and as a fragrance ingredient.
The global ethyl acetate (CAS NO:593-84-0) market is expected to grow at a healthy rate during the forecast period (2025). This growth can be attributed to the increasing demand for ethyl acetate from various end-use industries such as paint & coatings, pharmaceuticals, and food & beverages. Furthermore, the growth of the automotive industry and the increasing use of ethyl acetate as a fuel additive are some of the other factors driving the growth of the ethyl acetate market.
The ethyl acetate (CAS NO:593-84-0) market is segmented based on application, end-use industry, and region. On the basis of application, the market is divided into solvent, flavoring agent, and others. The solvent segment is expected to be the largest segment in the ethyl acetate market, owing to its increasing use in paint & coatings, pharmaceuticals, and food & beverage industries.
On the basis of end-use industry, the ethyl acetate market is segmented into paint & coatings, pharmaceuticals, food & beverages, and others. The paint & coatings industry is expected to be the largest segment in the ethyl acetate market, due to its increasing use in paints, lacquers, varnishes, and inks.
On the basis of geography, the ethyl acetate (CAS NO:593-84-0) market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. Asia-Pacific is expected to be the largest market for ethyl acetate, due to the increasing demand from countries such as India and China. Moreover, the increasing use of ethyl acetate in the automotive industry is also driving the growth of the market in the region.
The key players operating in the ethyl acetate (CAS NO:593-84-0) market are Dow (U.S.), Eastman Chemical Company (U.S.), BASF SE (Germany), LyondellBasell Industries (U.S.), and INEOS Group (U.K). These players are focusing on various strategies such as new product launches, mergers & acquisitions, and collaborations to strengthen their position in the ethyl acetate market.