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.
For more in-depth analysis, get in touch with our team of industry experts. Our deep understanding of the Ethyl Acetate market and our contacts across the industry spectrum helps us bring out unrivalled coverage of the sector. From raw material data, product demand forecast and retail prices, refer to our market analyses before taking important decisions.
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