Ethyl Acetate Market
Regions Covered
Europe
APAC
North America
Regions Covered
Europe
APAC
North America
The global demand of ethyl acetate is estimated at 3.8 MMT in 2017, expected to grow at a CAGR of 4.5 percent until 2022
Asia has excess capacity, whereas North America and Europe are dependent on imports from Asia to cater to domestic demand
Capacity–demand gap during 2017–2022 is expected to narrow down, as the capacity additions announced may not cater to the expected increase in demand
Increasing demand for paints & coatings and adhesives in the developing regions, like China, India, LATAM, etc., due to rising construction sector and increasing auto sales, is expected to drive the demand for ethyl acetate
Capacity–demand gap in the ethyl acetate market is expected to reduce during 2018–2022, due to lesser capacity additions compared to the demand growth, reducing the buyer power
Large volume buyers usually prefer buying through contract across North America and Europe
CPG players opt for contracts, as they require specific grades, which only few manufacturers can produce
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