The global ethyl acetate market size is expected to reach USD 4,368.9 million by 2027, exhibiting a CAGR of 9.07% during the forecast period. The growing application of ethyl acetate in the paints & coatings industry is expected to foster healthy growth of the market, states Fortune Business Insights, in a report, The market size stood USD 3,323.2 million in 2019.

Source: https://www.fortunebusinessinsights.com/ethyl-acetate-market-104056

The report on the ethyl acetate market includes:

  • An excellent report on the market
  • Vital stats about main regions
  • Recent developments
  • Wide-ranging data about eminent players
  • COVID-19 impact on the market

Hindered Import and Export Activities to Deteriorate Business Amid Coronavirus

The weak demand for ethyl acetate due to coronavirus has resulted in an enormous loss for the market. The restrictions imposed by the governments on import and export activities has further obstructed the growth of the market. For instance, China is the largest producer and exporter is facing a trade war with the US which has further impacted its exports. However, the demand for ethyl acetate from the packaging industry has remained poised owing to the essential supply of packaged food during coronavirus. Besides, the weakened construction industry on account of labor shortage can consequently impede business proceeding for the market in the near future.