Middle East and Africa Ethyl Acetate Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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Middle East and Africa Ethyl Acetate Market: By Application (Paints and Coating additives, Adhesives and Sealants, Pigments, Solvents), By End User (Food and Beverages, Automotive, Pharmaceuticals, Packaging, Artificial Leather), and Country

 

 

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Report

Description

Middle East And Africa Ethyl Acetate Market size is expected to grow at a CAGR of 4.3% during the forecast period 2022 to 2028. The Middle east and Africa market provides a detailed overview and that can be segmented by application and by end user. By application, the Middle east and Africa ethyl acetate market has been segmented into Paints and Coating additives, Adhesives and Sealants, Pigments, Solvents. The Paints and Coating additives segment is likely to be the largest and fastest-growing segment in terms of type in 2021 and is expected to maintain the trend in the forecasted years according to precision business insights. It is attributed to the rising demand for ethyl acetate in manufacture of coatings, varnishes, and paints. Based on end user, the Middle east and Africa ethyl acetate market is segmented into Food and Beverages, Automotive, Pharmaceuticals, Packaging, and Artificial Leather. The Food and Beverages segment accounts for the largest share in 2021 and is anticipated to register a significant CAGR in the upcoming years. It is due to wide ranging applications of ethyl acetate in food and beverage sector such as add artificial flavors. Ethyl acetate is an organic compound and it is used as solvent especially for paints, varnishes, cleaning mixtures, lacquers, and perfumes. It is a colourless liquid and the ester of ethanol & acetic acid with a characteristic sweet smell. However, replacement of ethyl acetate with other chemicals will hinder the growth of the Middle East and Africa ethyl acetate market.

Key Development:

In June 2020, INEOS acquired BP’s global paraxylene (PX), purified terephthalic acid (PTA) and acetyls businesses.

Middle East and Africa Ethyl Acetate Market

MARKET SUMMARY
-
x%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– x%

Middle East and Africa Ethyl Acetate Market

  • Middle East and Africa ethyl acetate market report gives comprehensive outlook on ethyl acetate market across the regions with special emphasis on key countries of Middle East and Africa such as Gulf Cooperation of Council Countries, South Africa and rest of Middle East and Africa.
  • The report on Middle East and Africa ethyl acetate market gives historical, current, and future market sizes (US$ Mn) on the basis of application, end-user, and countries.
  • Key stakeholders of the Middle East and Africa ethyl acetate market report include suppliers, manufacturers, marketers, policy makers, and agronomists engaged in Middle East and Africa ethyl acetate market activities.
Key Players
  • INEOS
  • Carbohim – Wood and Chemical Company
  • Jubilant Life Sciences Ltd
  • Celanese Corporation
  • EniChem
Middle East and Africa Ethyl Acetate Market

DRIVERS AND RESTRAINTS

Based on application, the Middle East and Africa ethyl acetate market is segmented into paints and coating additives, adhesives and sealants, pigments, and solvents. Solvents are expected to dominate the market due to its uses in manufacturing of thinners, varnishes, and nitrocellulose lacquers. Ethyl acetate as solvent is widely used in various industries due to its low toxicity.


Middle East and Africa Ethyl Acetate Market

Middle East and Africa ethyl acetate market report analyses the market in different countries Middle East and Africa. Gulf Cooperation of Council Countries accounted for major revenue share in Middle East and Africa due to increased demand of packaging from the growing population.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, country market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Middle East and Africa Ethyl Acetate Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The fastest-growing segment of the Middle east and Africa ethyl acetate market is Food and Beverages due to high demand for artificial colouring and flavouring and various applications in this sector.

Growing applications in different industry may provide lucrative opportunities in the global market.

The chemical compound is highly flammable and toxic and can be extremely damaging to the internal organs. These factors may hamper the global market growth.

Historic years considered for the market study are 2017 through 2021, 2021 is considered as the base year for market estimation and Seven years forecast presented from 2022 – 2028.


Report

Table Of Content

  1. Executive Summary
  2. Middle East & Africa Aluminum Market Introduction

2.1. Middle East & Africa Aluminum Market – Taxonomy

2.2. Middle East & Africa Aluminum Market –Definitions

2.2.1. Product

2.2.2. Type

2.2.3. Application

  1. Middle East & Africa Aluminum Market Dynamics

3.1. Drivers

3.2. Restraints

3.3. Opportunities/Unmet Needs of the Market

3.4. Trends

3.5. Middle East & Africa Aluminum Market Dynamic Factors – Impact Analysis

3.6. Middle East & Africa Aluminum Market – Competition Landscape

  1. Middle East & Africa Aluminum Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025

4.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)

4.3. Market Opportunity Analysis

  1. Middle East & Africa Aluminum Market, By Product, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

5.1. Flat Rolled

5.1.1. Building Sheet

5.1.1.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.1.1.3. Market Opportunity Analysis

5.1.2. Can Body Stock

5.1.2.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.1.2.3. Market Opportunity Analysis

5.1.3. Common Alloy

5.1.3.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.1.3.3. Market Opportunity Analysis

5.1.4. Foil Stock

5.1.4.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

5.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.1.4.3. Market Opportunity Analysis

5.1.5. Lithosheet

5.1.5.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

5.1.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.1.5.3. Market Opportunity Analysis

5.1.6. Others

5.1.6.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

5.1.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.1.6.3. Market Opportunity Analysis

5.2. Pigment & Powder

5.2.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.2.3. Market Opportunity Analysis

5.3. Forgings

5.3.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.3.3. Market Opportunity Analysis

5.4. Extrusions

5.4.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.4.3. Market Opportunity Analysis

5.5. Castings

5.5.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.5.3. Market Opportunity Analysis

5.6. Rod & Bar

5.6.1. Wires & Cables

5.6.1.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

5.6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.6.1.3. Market Opportunity Analysis

5.6.2. Aluminum Conductors

5.6.2.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

5.6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.6.2.3. Market Opportunity Analysis

5.6.3. Others

5.6.3.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

5.6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.6.3.3. Market Opportunity Analysis

5.7. Others

5.7.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

5.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.7.3. Market Opportunity Analysis

  1. Middle East & Africa Aluminum Market Forecast, By Type, 2014 – 2018 and Forecast, 2019 – 2025

6.1. Secondary/Recycled Aluminum

6.1.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.1.3. Market Opportunity Analysis

6.2. Primary Aluminum

6.2.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.2.3. Market Opportunity Analysis

  1. Middle East & Africa Aluminum Market Forecast, By Application, 2014 – 2018 and Forecast, 2019 – 2025

7.1. Building & Construction

7.1.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.1.3. Market Opportunity Analysis

7.2. Consumer Goods

7.2.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.2.3. Market Opportunity Analysis

7.3. Electrical

7.3.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.3.3. Market Opportunity Analysis

7.4. Foil & Packaging

7.4.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.4.3. Market Opportunity Analysis

7.5. Hardware & Accessories

7.5.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.5.3. Market Opportunity Analysis

7.6. Machinery & Equipment

7.6.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.6.3. Market Opportunity Analysis

7.7. Solar Industry

7.7.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.7.3. Market Opportunity Analysis

7.8. Transportation

7.8.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

7.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.8.3. Market Opportunity Analysis

7.9. Utensils

7.9.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

7.9.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.9.3. Market Opportunity Analysis

7.10. Others

7.10.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

7.10.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.10.3. Market Opportunity Analysis

  1. Middle East & Africa Aluminum Market Forecast, By Country, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

8.1. Gulf Corporation Council (GCC) Countries

8.1.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

8.1.3. Market Opportunity Analysis

8.2. Israel

8.2.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

8.2.3. Market Opportunity Analysis

8.3. South Africa

8.3.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

8.3.3. Market Opportunity Analysis

8.4. Rest of Middle East & Africa

8.4.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

8.4.3. Market Opportunity Analysis

8.5. Middle East & Africa Aluminum Market – Opportunity Analysis Index, By Product, Type, Application and Country, 2019 – 2025

  1. Gulf Corporation Council (GCC) Countries Aluminum Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

9.1. Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

9.1.1.   Flat Rolled

9.1.1.1. Building Sheet

9.1.1.2. Can Body Stock

9.1.1.3. Common Alloy

9.1.1.4. Foil Stock

9.1.1.5. Lithosheet

9.1.1.6. Others

9.1.2. Pigment & Powder

9.1.3. Forgings

9.1.4. Extrusions

9.1.5. Castings

9.1.6. Rod & Bar

9.1.6.1. Wires & Cables

9.1.6.2. Aluminum Conductors

9.1.6.3. Others

9.1.7. Others

9.2. Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

9.2.1. Secondary/Recycled Aluminum

9.2.2. Primary Aluminum

9.3. Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

9.3.1. Building & Construction

9.3.2. Consumer Goods

9.3.3. Electrical

9.3.4. Foil & Packaging

9.3.5. Hardware & Accessories

9.3.6. Machinery & Equipment

9.3.7. Solar Industry

9.3.8. Transportation

9.3.9. Utensils

9.3.10. Others

9.4. Gulf Corporation Council (GCC) Countries Aluminum Market – Opportunity Analysis Index, By Product, Type, Application and Country, 2019 – 2025

9.5. Gulf Corporation Council (GCC) Countries Aluminum Market Dynamics – Trends

  1. Israel Aluminum Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

10.1. Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

10.1.1.             Flat Rolled

10.1.1.1. Building Sheet

10.1.1.2. Can Body Stock

10.1.1.3. Common Alloy

10.1.1.4. Foil Stock

10.1.1.5. Lithosheet

10.1.1.6. Others

10.1.2. Pigment & Powder

10.1.3. Forgings

10.1.4. Extrusions

10.1.5. Castings

10.1.6. Rod & Bar

10.1.6.1. Wires & Cables

10.1.6.2. Aluminum Conductors

10.1.6.3. Others

10.1.7. Others

10.2. Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

10.2.1. Secondary/Recycled Aluminum

10.2.2. Primary Aluminum

10.3. Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

10.3.1. Building & Construction

10.3.2. Consumer Goods

10.3.3. Electrical

10.3.4. Foil & Packaging

10.3.5. Hardware & Accessories

10.3.6. Machinery & Equipment

10.3.7. Solar Industry

10.3.8. Transportation

10.3.9. Utensils

10.3.10. Others

10.4. Israel Aluminum Market – Opportunity Analysis Index, By Product, Type, Application and Country, 2019 – 2025

10.5. Israel Aluminum Market Dynamics – Trends

  1. South Africa Aluminum Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

11.1. Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

11.1.1.             Flat Rolled

11.1.1.1. Building Sheet

11.1.1.2. Can Body Stock

11.1.1.3. Common Alloy

11.1.1.4. Foil Stock

11.1.1.5. Lithosheet

11.1.1.6. Others

11.1.2. Pigment & Powder

11.1.3. Forgings

11.1.4. Extrusions

11.1.5. Castings

11.1.6. Rod & Bar

11.1.6.1. Wires & Cables

11.1.6.2. Aluminum Conductors

11.1.6.3. Others

11.1.7. Others

11.2. Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

11.2.1. Secondary/Recycled Aluminum

11.2.2. Primary Aluminum

11.3. Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

11.3.1. Building & Construction

11.3.2. Consumer Goods

11.3.3. Electrical

11.3.4. Foil & Packaging

11.3.5. Hardware & Accessories

11.3.6. Machinery & Equipment

11.3.7. Solar Industry

11.3.8. Transportation

11.3.9. Utensils

11.3.10. Others

11.4. South Africa Aluminum Market – Opportunity Analysis Index, By Product, Type, Application and Country, 2019 – 2025

11.5. South Africa Aluminum Market Dynamics – Trends

  1. Rest of Middle East & Africa Aluminum Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)

12.1. Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

12.1.1.             Flat Rolled

12.1.1.1. Building Sheet

12.1.1.2. Can Body Stock

12.1.1.3. Common Alloy

12.1.1.4. Foil Stock

12.1.1.5. Lithosheet

12.1.1.6. Others

12.1.2. Pigment & Powder

12.1.3. Forgings

12.1.4. Extrusions

12.1.5. Castings

12.1.6. Rod & Bar

12.1.6.1. Wires & Cables

12.1.6.2. Aluminum Conductors

12.1.6.3. Others

12.1.7. Others

12.2. Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

12.2.1. Secondary/Recycled Aluminum

12.2.2. Primary Aluminum

12.3. Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

12.3.1. Building & Construction

12.3.2. Consumer Goods

12.3.3. Electrical

12.3.4. Foil & Packaging

12.3.5. Hardware & Accessories

12.3.6. Machinery & Equipment

12.3.7. Solar Industry

12.3.8. Transportation

12.3.9. Utensils

12.3.10. Others

12.4. Rest of Middle East & Africa Aluminum Market – Opportunity Analysis Index, By Product, Type, Application and Country, 2019 – 2025

12.5. Rest of Middle East & Africa Aluminum Market Dynamics – Trends

  1. Competition Landscape

13.1. Strategic Dashboard of Top Market Players

13.2. Company Profiles (Introduction, Financial Analysis, Material  Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)

13.2.1. Alcoa Corporation (U.S.)

13.2.2. Aluminum Bahrain (Bahrain)

13.2.3. Aluminum Corporation of China (China)

13.2.4. BHP Billiton Aluminum Australia Pty Ltd. (Australia)

13.2.5. Century Aluminum Company (U.S.)

13.2.6. China Hongqiao Group (China)

13.2.7. Emirates Middle East & Africa Aluminum PJSC (UAE)

13.2.8. Hindalco Industries Limited (India)

13.2.9. Norsk Hydro ASA (Norway)

13.2.10. Rio Tinto Alcan Inc. (Canada)

13.2.11. Rio Tinto Australia (Australia)

13.2.12. RUSAL (Russia)

13.2.13. Vedanta Ltd. (India)

  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • INEOS (Switzerland)
  • Carbohim – Wood and Chemical Company (U.S.)
  • Jubilant Life Sciences Ltd (India)
  • Celanese Corporation (U.S.)
  • EniChem (Italy)
  • SEKAB (Sweden)
  • Indo Acidatama Tbk (Indonesia)
  • Chiba Ethyl Acetate Co., Ltd (China)
  • The Nippon Synthetic Chemical Industry Co.
  • Ltd (Japan)
  • Dairen Chemical Corporation (Taiwan)

Description

Middle East And Africa Ethyl Acetate Market size is expected to grow at a CAGR of 4.3% during the forecast period 2022 to 2028. The Middle east and Africa market provides a detailed overview and that can be segmented by application and by end user. By application, the Middle east and Africa ethyl acetate market has been segmented into Paints and Coating additives, Adhesives and Sealants, Pigments, Solvents. The Paints and Coating additives segment is likely to be the largest and fastest-growing segment in terms of type in 2021 and is expected to maintain the trend in the forecasted years according to precision business insights. It is attributed to the rising demand for ethyl acetate in manufacture of coatings, varnishes, and paints. Based on end user, the Middle east and Africa ethyl acetate market is segmented into Food and Beverages, Automotive, Pharmaceuticals, Packaging, and Artificial Leather. The Food and Beverages segment accounts for the largest share in 2021 and is anticipated to register a significant CAGR in the upcoming years. It is due to wide ranging applications of ethyl acetate in food and beverage sector such as add artificial flavors. Ethyl acetate is an organic compound and it is used as solvent especially for paints, varnishes, cleaning mixtures, lacquers, and perfumes. It is a colourless liquid and the ester of ethanol & acetic acid with a characteristic sweet smell. However, replacement of ethyl acetate with other chemicals will hinder the growth of the Middle East and Africa ethyl acetate market.

Key Development:

In June 2020, INEOS acquired BP’s global paraxylene (PX), purified terephthalic acid (PTA) and acetyls businesses.

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