India Ethyl acetate Market (2025-2031) Outlook | Industry, Revenue, Growth, Trends, Size, Forecast, Value, Share, Companies & Analysis
Market Forecast By Application (Adhesives & Sealants, Coatings Formulations, Pigments, Flavor Enhancer, Process Solvents, Intermediates, Others), By End-Use Industry (Food & Beverage, Paints & Coatings, Pharmaceuticals, Automotive, Artificial Leather, Packaging, Others) And Competitive Landscape
| Product Code: ETC083383 | Publication Date: Aug 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
India Ethyl Acetate Market Top 5 Importing Countries and Market Competition (HHI) Analysis
India`s ethyl acetate import market in 2024 continues to be dominated by key exporting countries such as Switzerland, USA, China, Germany, and India itself. Despite high concentration levels indicated by the Herfindahl-Hirschman Index (HHI), the market has experienced a significant decline with a negative Compound Annual Growth Rate (CAGR) of -21.31% from 2020 to 2024. The growth rate plummeted even further in 2023-24, with a sharp decline of -48.52%. These trends suggest a challenging landscape for ethyl acetate imports into India, requiring a thorough understanding of market dynamics for strategic decision-making.
India Ethyl acetate Market Synopsis
The ethyl acetate market in India is expected to grow significantly over the forecast period. This can be attributed to increasing demands from various end-use industries such as paints and coatings, printing inks, adhesives, pharmaceuticals and agrochemicals. Moreover, rising disposable incomes are driving the growth of consumer goods industry which is further creating a positive Outlook for the market growth.
Market Drivers
Increasing demand for eco-friendly solvents due to stringent government regulations on VOC emissions is one of the major drivers for this market. Also increasing applications of ethyl acetate in food processing and cosmetics production will drive its demand further during forecast period. Rising investments by major players in research & development activities to produce cost effective products will create lucrative opportunities for manufacturers operating in this market.
Challenges of the Market
High price volatility associated with raw materials used as feedstock poses a challenge for manufacturers operating in this industry. Furthermore availability of cheaper substitutes like propylene glycol ether solvent may hamper growth of ethyl acetate Market in India till 2025.
Key Players in the Market
Some of key participants involved in India Ethyl Acetate Market include Gujarat Alkalies & Chemicals Ltd., Aarti Industries Limited, Jubilant Life Sciences Limited , Dow Chemical International Pvt ltd , BASF SE , Kutch Chemical Industry Ltd., Eastman Chemical Company
Key Highlights of the Report:
- India Ethyl acetate Market Outlook
- Market Size of India Ethyl acetate Market, 2024
- Forecast of India Ethyl acetate Market, 2031
- Historical Data and Forecast of India Ethyl acetate Revenues & Volume for the Period 2021-2031
- India Ethyl acetate Market Trend Evolution
- India Ethyl acetate Market Drivers and Challenges
- India Ethyl acetate Price Trends
- India Ethyl acetate Porter's Five Forces
- India Ethyl acetate Industry Life Cycle
- Historical Data and Forecast of India Ethyl acetate Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of India Ethyl acetate Market Revenues & Volume By Adhesives & Sealants for the Period 2021-2031
- Historical Data and Forecast of India Ethyl acetate Market Revenues & Volume By Coatings Formulations for the Period 2021-2031
- Historical Data and Forecast of India Ethyl acetate Market Revenues & Volume By Pigments for the Period 2021-2031
- Historical Data and Forecast of India Ethyl acetate Market Revenues & Volume By Flavor Enhancer for the Period 2021-2031
- Historical Data and Forecast of India Ethyl acetate Market Revenues & Volume By Process Solvents for the Period 2021-2031
- Historical Data and Forecast of India Ethyl acetate Market Revenues & Volume By Intermediates for the Period 2021-2031
- Historical Data and Forecast of India Ethyl acetate Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of India Ethyl acetate Market Revenues & Volume By End-Use Industry for the Period 2021-2031
- Historical Data and Forecast of India Ethyl acetate Market Revenues & Volume By Food & Beverage for the Period 2021-2031
- Historical Data and Forecast of India Ethyl acetate Market Revenues & Volume By Paints & Coatings for the Period 2021-2031
- Historical Data and Forecast of India Ethyl acetate Market Revenues & Volume By Pharmaceuticals for the Period 2021-2031
- Historical Data and Forecast of India Ethyl acetate Market Revenues & Volume By Automotive for the Period 2021-2031
- Historical Data and Forecast of India Ethyl acetate Market Revenues & Volume By Artificial Leather for the Period 2021-2031
- Historical Data and Forecast of India Ethyl acetate Market Revenues & Volume By Packaging for the Period 2021-2031
- Historical Data and Forecast of India Ethyl acetate Market Revenues & Volume By Others for the Period 2021-2031
- India Ethyl acetate Import Export Trade Statistics
- Market Opportunity Assessment By Application
- Market Opportunity Assessment By End-Use Industry
- India Ethyl acetate Top Companies Market Share
- India Ethyl acetate Competitive Benchmarking By Technical and Operational Parameters
- India Ethyl acetate Company Profiles
- India Ethyl acetate Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the India Ethyl acetate Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the India Ethyl acetate Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Ethyl acetate Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Ethyl acetate Market Revenues & Volume, 2021 & 2031F |
3.3 India Ethyl acetate Market - Industry Life Cycle |
3.4 India Ethyl acetate Market - Porter's Five Forces |
3.5 India Ethyl acetate Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 India Ethyl acetate Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
4 India Ethyl acetate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for ethyl acetate in the pharmaceutical and cosmetics industries |
4.2.2 Growing adoption of bio-based ethyl acetate due to environmental concerns |
4.2.3 Expansion of manufacturing facilities by key players in India |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials such as ethanol and acetic acid |
4.3.2 Stringent regulations regarding the use and disposal of ethyl acetate |
4.3.3 Competition from alternative solvents impacting market growth |
5 India Ethyl acetate Market Trends |
6 India Ethyl acetate Market, By Types |
6.1 India Ethyl acetate Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 India Ethyl acetate Market Revenues & Volume, By Application, 2021-2031F |
6.1.3 India Ethyl acetate Market Revenues & Volume, By Adhesives & Sealants, 2021-2031F |
6.1.4 India Ethyl acetate Market Revenues & Volume, By Coatings Formulations, 2021-2031F |
6.1.5 India Ethyl acetate Market Revenues & Volume, By Pigments, 2021-2031F |
6.1.6 India Ethyl acetate Market Revenues & Volume, By Flavor Enhancer, 2021-2031F |
6.1.7 India Ethyl acetate Market Revenues & Volume, By Process Solvents, 2021-2031F |
6.1.8 India Ethyl acetate Market Revenues & Volume, By Intermediates, 2021-2031F |
6.2 India Ethyl acetate Market, By End-Use Industry |
6.2.1 Overview and Analysis |
6.2.2 India Ethyl acetate Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.2.3 India Ethyl acetate Market Revenues & Volume, By Paints & Coatings, 2021-2031F |
6.2.4 India Ethyl acetate Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.2.5 India Ethyl acetate Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.6 India Ethyl acetate Market Revenues & Volume, By Artificial Leather, 2021-2031F |
6.2.7 India Ethyl acetate Market Revenues & Volume, By Packaging, 2021-2031F |
7 India Ethyl acetate Market Import-Export Trade Statistics |
7.1 India Ethyl acetate Market Export to Major Countries |
7.2 India Ethyl acetate Market Imports from Major Countries |
8 India Ethyl acetate Market Key Performance Indicators |
8.1 Production capacity utilization rate |
8.2 Number of research and development initiatives for product innovation |
8.3 Adoption rate of bio-based ethyl acetate |
8.4 Investment in infrastructure for storage and transportation |
8.5 Percentage of market share held by key players in the industry |
9 India Ethyl acetate Market - Opportunity Assessment |
9.1 India Ethyl acetate Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 India Ethyl acetate Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
10 India Ethyl acetate Market - Competitive Landscape |
10.1 India Ethyl acetate Market Revenue Share, By Companies, 2024 |
10.2 India Ethyl acetate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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