The increasing demand for paints and coatings is expected to drive the growth of the ethyl acetate market. Ethyl acetate is commonly used as an industrial solvent in paints and coatings to dissolve pigments and as a hardener, producing long-lasting effects after application to surfaces.

The construction industry and the application of paints and coatings to decorate and protect existing buildings and infrastructure have significantly increased the use of paints and coatings. According to the European Coatings article, the use of paints and coatings rose from 14% in 2021 to 22% in 2022, with the majority of applications being decorative new and old infrastructure.

As a result, the increasing demand for coatings and coating applications is driving the growth of the ethyl acetate market.

Technological advancement is the key trend for the increasing popularity of the ethyl acetate market. The major companies operating in the ethyl acetate market are focused on developing technologically advanced solutions to strengthen their market position.

For example, in October 2020, Linde, a Germany-based company engaged in the production of industrial gases and ethyl acetate (ethyl acetate sds), launched its Linde EDHOX ethylene technology. Linde EDHOX Ethylene Technology is dedicated to catalytic technology, which is a chemical process in which a catalyst or substrate is added to change the reaction rate to obtain the desired result.

Linde EDHOX is an oxidation process that converts ethane to ethylene and acetic acid under mild conditions in a commercial-scale reactor.

In January 2021, British chemical company Ineos Group PLC acquired BP's aromatics and acetylene business for $5 billion. Through the acquisition, INEOS aims to strengthen its portfolio of petrochemicals, aromatics and acetylene products and expand its business scope. British Petroleum is a company based in the United Kingdom that deals in petrochemicals and ethyl acetate.

The countries covered in the ethyl acetate market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom, and the United States.

Market value is the income earned by a business by selling goods and/or services in a particular market and region through sales, grants or donations in currency (U.S. dollars, unless otherwise specified).

Geographically-specific revenue refers to revenue generated by organizations in a particular region of the market, regardless of where it is generated. It does not include revenue from resale along the supply chain, whether resale along the supply chain or the resale of other products.

The Ethyl Acetate Market Research Report is one of a series of new reports that provide statistics on the ethyl acetate market, including the global market size of the ethyl acetate industry, regional share, competitors for the ethyl acetate market share, detailed ethyl acetate segments, market trends and opportunities, and any further data that may be needed to thrive in the ethyl acetate industry. This ethyl acetate market research report provides a complete perspective of everything you need and an in-depth analysis of the current and future scenarios for the industry.