Ethyl Acetate has shown tremendous growth in the domestic market. Production output has grown at a CAGR of more than 22% and it has obviated any imports. However, some traders and local importers continue to bring in the chemical, although the quantity is not substantial enough to disrupt domestic supplies.
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Today, India is not just self-sufficient in catering to the domestic consumption but there is a surplus supply in the market. Exports have consequently gone up exponentially with a CAGR of 36%. Demand is driven by use as solvent for printing inks, paints and in pharmaceuticals, as well as through exports.
Ethyl acetate is a moderately polar solvent that has the advantages of being volatile, relatively non-toxic and non-hygroscopic. It is an important green organic solvent with excellent dissolving ability and quick-drying property.
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