Ethyl Acetate Market: Trends, Applications, and Global Growth Dynamics

Posted by Pramod Arya on December 14th, 2023

The ethyl acetate industry has garnered ,414.6 million, and it is projected to rise at a rate of 7.5% in the coming years, to reach ,443.1 million revenue in 2030. It is led by the increasing consumption of synthetic solvents for food products flavoring, the rising cost of consumer goods, such as nail polish removers, adhesives, and printing inks, which utilize the solvent, and worldwide rising construction activities boost the industry.

The automobile industry is expected to experience the fastest growth in the coming years, rising at a rate of around 8% in the industry. It is led by the rising automobile sector, surging consumption of synthetic leather in vehicles, surging technological advancements, economic growth of OEMs, and rising penetration of aftermarket players.

Moreover, the pharmaceutical industry captures the next-significant share of the industry, and it is projected to rise at a substantial rate in the coming years. It is led by the expansion of the pharmaceutical industry, surging research and development expenditure, and rising production rate in the pharmaceutical, where ethyl acetate is consumed as an extraction solvent.

Furthermore, the artificial leather category is projected to experience significant growth in the near future. It is ascribed to the growing demand for artificial leather products as a replacement for natural leather products, accounting for their inexpensive cost and durability.

In addition, chemical sales are rising, led by the increasing prominence of artificial leather in the automotive sector. As they are utilized in the production of interiors of vehicles, including knob covers, sun visors, door trims, seat covers, and steering wheel covers which boosts the industry's growth.

Ethyl acetate is an organic compound. It is the combination of the ester of acetic acid and ethanol. It is widely consumed as a solvent in preparations or chemical reactions. That is why it is manufactured on a large scale.

Physical Properties of Ethyl Acetate
• The molar mass of ethyl acetate is 88.1 g.mol-1.
• The absorption of ethyl acetate is led by the oral, dermal, or inhalation exposures
• It is colorless.
• It smells like ether.
• The melting point of the compound is -83.6℃.
• The boiling point of a compound is 77.1℃.
• It is soluble in various solvents such as ethanol, water, acetone, and others.

Chemical Properties of Ethyl Acetate

We have provided below several properties of ethyl acetate
• Hydrolysis: It produces ethanol and acetic acid in reaction with the water.

• Reaction with Sodium Hydroxide: The reaction of ethyl acetate with sodium hydroxide, produces ethanol and sodium acetate.
• Condensation Reaction: The ethyl acetate reflects the Claisen condensation reaction, and produces ethyl acetoacetate.

Uses of Ethyl Acetate

• Ethyl acetate serves as a diluent and solvent.
• It is utilized in the decaffeination of tea leaves and coffee beans.
• It is also used as an activator or hardener in paints.
• It is used in jelly, perfumes, and other substances for its fruity smell.
• It is utilized in column chromatography and solvent extraction.