Ethyl Acetate Market Report 2026

The ethyl acetate market size has grown rapidly in recent years. It will grow from $5.53 billion in 2025 to $6.15 billion in 2026 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to expansion of paints and coatings consumption, growth of packaging and printing industries, increasing use in decaffeination processes, rising demand from adhesives manufacturing, stable availability of ethanol feedstock.

The ethyl acetate market size is expected to see rapid growth in the next few years. It will grow to $9.33 billion in 2030 at a compound annual growth rate (CAGR) of 11%. The growth in the forecast period can be attributed to rising demand for green solvents, expansion of pharmaceutical manufacturing, increasing applications in flexible packaging, growing adoption in specialty chemical formulations, innovation in bio-based ethyl acetate production. Major trends in the forecast period include shift toward eco-friendly solvent solutions, rising demand from paints and coatings industry, increased use in food and beverage processing, expansion in pharmaceutical solvent applications, focus on low-toxicity formulations.

The increasing demand in the pharmaceutical industry is expected to propel the growth of the ethyl acetate market going forward. The pharmaceutical industry is a segment of the healthcare sector focused on researching, developing, manufacturing, and commercializing drugs for treating diseases and medical conditions. Ethyl acetate acts as a versatile solvent in this industry, used for extracting bioactive compounds, synthesizing pharmaceutical intermediates, coating and film formation, and formulating topical products, while offering relatively low toxicity. For instance, in January 2024, according to IQVIA, a US-based provider of biopharmaceutical development services, global biotech spending is expected to exceed $892 billion by 2028. Therefore, the increasing demand in the pharmaceutical industry is driving the growth of the ethyl acetate market.

Major companies operating in the ethyl acetate market are focusing on developing innovative solutions such as growth capital expenditure to expand production capacity, enhance operational efficiency, and meet increasing global demand. Growth capital expenditure refers to investments made to expand existing operations, boost production capacity, enter new markets, or develop new products, rather than maintaining current assets, with the intention of generating future revenue growth. For instance, in October 2024, Laxmi Organic Industries Ltd., an India-based chemical manufacturing company, approved a capital expenditure plan of approximately Rs. 182 crore ($0.022 billion) to establish new plants for n-Butyl Acetate at Dahej, Gujarat, and Ethyl Acetate at Lote, Maharashtra. The planned capacity addition at both sites is 70 KTA each.

In September 2023, INEOS Acetyls, a Switzerland-based global manufacturer and supplier of acetic acid and related chemicals, announced its agreement to acquire Eastman Chemical Company's Texas City Operations for approximately $490 million. This acquisition underscores INEOS's commitment to expanding its acetyl business and optimizing operations by leveraging the site’s competitive feedstocks. Eastman Chemical Company is a Tennessee-based chemical company that provides chemicals, including ethyl acetate.

Major companies operating in the ethyl acetate market are Celanese Corporation, Eastman Chemical Company, INEOS Group Ltd., Solvay S.A., Daicel Corporation, Sekab Biofuels & Chemicals AB, Sasol Ltd., Godavari Biorefineries Ltd., Yip’s Chemical Holdings Limited, Shanghai Huayi Group Corporation Limited, Shandong Jinyimeng Group Co., Ltd., Wuxi Baichuan Chemical Industrial Co., Ltd., Yankuang Lunan Chemical Co., Ltd., Chang Chun Petrochemical Co., Ltd., Tianjin Soda Plant Co., Ltd., Anhui Wanwei Group Co., Ltd., Jiangsu Sopo (Group) Co., Ltd., Mitsui Chemicals, Dow Inc., Mitsubishi Gas Chemical Company, Inc., Formosa Plastics Group, Chang Chun Group.

Asia-Pacific was the largest region in the ethyl acetate market in 2025 and is expected to be the fastest-growing region in the ethyl acetate market during the forecast period. The regions covered in the ethyl acetate market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the ethyl acetate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The ethyl acetate market consists of sales of ethyl acetate that is used as solvent for varnishes, paints and lacquers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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