Japan Ethyl Acetate Market Size, Share & Trends Analysis Report By Distribution Channel, By Application (Paint & Coatings, Inks, Process Solvents, Pigments, and Others), By End-Japane, and Forecast, 2023 - 2030

The Japan Ethyl Acetate Market size is expected to reach $559.94 Million by 2030, rising at a market growth of 6.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 272.02 Kilo Tonnes, experiencing a growth of 5.7% (2019-2022).

The ethyl acetate market in Japan has experienced steady growth in recent years, driven by various factors including industrial applications, increasing demand from end-user industries, and favorable government regulations. One of the key drivers of the ethyl acetate market in Japan is the country's thriving automotive industry. Ethyl acetate is widely used as a solvent in automotive paints and coatings, which are essential for protecting and enhancing the aesthetics of vehicles. With Japan being a major hub for automotive manufacturing and innovation, the demand for ethyl acetate in this sector remains robust.

Moreover, Japan's construction industry is another significant ethyl acetate consumer. It is utilized to formulate adhesives and coatings for various construction applications, including paints for buildings, bridges, and infrastructure projects. As Japan continues to invest in infrastructure development and urbanization projects, the demand for ethyl acetate in the construction sector is expected to rise further.

Furthermore, the pharmaceutical and food industries also contribute to the growth of the ethyl acetate market in Japan. Ethyl acetate is used as a solvent in the production of pharmaceuticals, such as tablets, capsules, and topical formulations. Additionally, it is employed in extracting flavors and fragrances from natural sources, making it a crucial ingredient in the food and beverage industry.

The COVID-19 pandemic significantly impacted the ethyl acetate market in Japan, as it disrupted supply chains and led to fluctuations in demand. During the initial phases of the pandemic, many industries faced temporary shutdowns and reduced operations, resulting in a decline in the consumption of ethyl acetate. However, as the economy gradually reopened and demand began to recover, the industry witnessed a rebound in sales, particularly in sectors such as healthcare, packaging, and consumer goods.

Market Trends

Increasing demand for personal care products

In recent years, Japan has witnessed a significant surge in the demand for personal care products, consequently, driving growth in the ethyl acetate market. One of the primary drivers behind the increasing demand for personal care products in Japan is the evolving consumer preferences towards self-care and grooming routines. With a growing emphasis on wellness and appearance, individuals seek a wider array of personal care products ranging from skincare to haircare. Ethyl acetate is a crucial ingredient in formulations such as nail polish removers, fragrances, hairsprays, and cosmetics, owing to its ability to effectively dissolve oils, resins, and other ingredients.

According to the International Trade Administration, in 2019, Japan's personal care products industry reached approximately USD 35 billion. As the personal care sector continues to expand, driven by increasing awareness of grooming and hygiene practices, the demand for ethyl acetate market in Japan is poised to rise correspondingly.

Moreover, the Japanese industry is characterized by a discerning consumer base that prioritizes product quality, safety, and efficacy. Ethyl acetate is favored by manufacturers in Japan for its mild odor, low toxicity, and fast-evaporating nature, ensuring that the final products maintain desirable characteristics without causing irritation or harm to the skin and hair.

Furthermore, Japan's beauty and personal care industry is witnessing rapid innovation and product development, driven by advancements in cosmetic science and technology. This has led to introducing a wide range of innovative formulations and specialty products, all of which rely on ethyl acetate as a key solvent for formulation stability and performance. Thus, the surge in demand for personal care products in Japan, driven by evolving consumer preferences and a focus on quality and innovation, has significantly propelled the growth of the ethyl acetate market in the country.

Increasing adoption of industrial solvents

The ethyl acetate market in Japan has witnessed a significant surge in adoption, primarily fueled by the increasing demand for industrial solvents across various sectors. One of the key drivers behind the growing adoption of ethyl acetate as an industrial solvent in Japan is its excellent solvency properties. In industries such as paints and coatings, ethyl acetate is a crucial component in formulations due to its ability to dissolve resins and pigments effectively, leading to high-quality finishes and coatings.

Moreover, the chemical's low toxicity and pleasant odor make it appealing for applications in industries where worker safety and environmental concerns are paramount. Compared to alternative solvents, ethyl acetate offers a favorable combination of performance and safety, further driving its adoption across different sectors in Japan. Additionally, the pharmaceutical and food processing industries have emerged as significant consumers of ethyl acetate in Japan. In pharmaceutical manufacturing, ethyl acetate finds widespread use as a solvent for various active pharmaceutical ingredients (APIs) and excipients.

According to the International Trade Administration, in 2021, Japanese pharmaceutical industry for totaled $106 billion. Ethyl acetate ability to dissolve a wide range of compounds makes it invaluable in extracting, purifying, and formulating pharmaceutical products. Hence, the surge in adoption of ethyl acetate in Japan across diverse industries, driven by its exceptional solvency, safety profile, and versatility, underscores its pivotal role as a preferred industrial solvent in the region.

Competition Analysis

The ethyl acetate market in Japan is vibrant and competitive, with several key players contributing to its growth and development. One of the major companies operating in the Japanese ethyl acetate market is Sekisui Chemical Co., Ltd. Established in 1947 and headquartered in Osaka, Sekisui Chemical is a diversified chemical company with a significant presence in various sectors, including ethyl acetate production. The company's ethyl acetate is widely used as a solvent in coatings, adhesives, and industrial processes. Sekisui Chemical's commitment to innovation and sustainability ensures the delivery of high-quality products that meet the evolving needs of its customers.

Another key player in the Japanese ethyl acetate market is Daicel Corporation. Founded in 1919 and headquartered in Osaka, Daicel is a leading manufacturer of specialty chemicals, including ethyl acetate. The company's ethyl acetate is utilized in diverse applications such as coatings, printing inks, and pharmaceuticals. Daicel's dedication to research and development enables it to offer innovative solutions that address emerging industry trends and customer requirements.

Mitsubishi Chemical Corporation (MCC) also significantly contributes to the Japanese ethyl acetate market. With its roots dating back to 1934 and headquartered in Tokyo, MCC is a global chemical company with a broad portfolio of products and services. The company produces ethyl acetate for various industrial applications, including coatings, adhesives, and food packaging. MCC's emphasis on sustainability and technological advancement underscores its leadership in the ethyl acetate market.

Additionally, Showa Denko K.K. (SDK) is a notable player in the Japanese ethyl acetate market. Established in 1939 and headquartered in Tokyo, SDK is a diversified chemical company with operations spanning multiple industries. The company's ethyl acetate is utilized in coatings, inks, and pharmaceuticals, among other applications. SDK's focus on customer satisfaction and operational excellence reinforces its position as a reliable supplier in the ethyl acetate market.

Furthermore, Nippon Synthetic Chemical Industry Co., Ltd. (Nippon Gohsei) is a significant participant in the Japanese ethyl acetate market. Founded in 1926 and headquartered in Osaka, Nippon Gohsei specializes in producing specialty chemicals, including ethyl acetate. The company's ethyl acetate is used in coatings, films, and industrial solvents. Nippon Gohsei's commitment to quality and continuous improvement drives its competitiveness in the ethyl acetate market. These companies' emphasis on innovation, sustainability, and customer satisfaction ensures the continued growth and development of the ethyl acetate market in Japan.

List of Key Companies Profiled

• Celanese Corporation
• Daicel Corporation
• Eastman Chemical Company
• Wacker Chemie AG
• Linde PLC
• Sasol Limited
• Solvay SA
• Sipchem Company
• Tokuyama Corporation

Japan Ethyl Acetate Market Report Segmentation

By Distribution Channel

• Offline
• Online

By Application

• Paint & Coatings
• Inks
• Process Solvents
• Pigments
• Others

By End Use

• Automotive
• Artificial Leather
• Food & Beverage
• Pharmaceutical
• Packaging
• Other

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Japan Ethyl Acetate Market, by Distribution Channel
1.4.2 Japan Ethyl Acetate Market, by Application
1.4.3 Japan Ethyl Acetate Market, by End Use
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
2.2.3 Market Opportunities
2.2.4 Market Challenges
2.2.5 Market Trends
2.3 Porter’s Five Forces Analysis

Chapter 3. Japan Ethyl Acetate Market
3.1 Japan Ethyl Acetate Market by Distribution Channel
3.2 Japan Ethyl Acetate Market by Application
3.3 Japan Ethyl Acetate Market by End-use

Chapter 4. Company Profiles – Global Leaders
4.1 Celanese Corporation
4.1.1 Company Overview
4.1.2 Financial Analysis
4.1.3 Segmental and Regional Analysis
4.1.4 Research & Development Expenses
4.1.5 SWOT Analysis
4.2 Daicel Corporation
4.2.1 Company Overview
4.2.2 Financial Analysis
4.2.3 Segmental and Regional Analysis
4.2.4 Research & Development Expenses
4.2.5 SWOT Analysis
4.3 Eastman Chemical Company
4.3.1 Company Overview
4.3.2 Financial Analysis
4.3.3 Segmental and Regional Analysis
4.3.4 Research & Development Expense
4.3.5 SWOT Analysis
4.4 INEOS Group Holdings S.A.
4.4.1 Company Overview
4.4.2 Financial Analysis
4.4.3 Segmental and Regional Analysis
4.4.4 SWOT Analysis
4.5 Wacker Chemie AG
4.5.1 Company Overview
4.5.2 Financial Analysis
4.5.3 Segmental and Regional Analysis
4.5.4 Research & Development Expenses
4.5.5 SWOT Analysis
4.6 Linde PLC
4.6.1 Company Overview
4.6.2 Financial Analysis
4.6.3 Segmental Analysis
4.6.4 Research & Development Expenses
4.6.5 SWOT Analysis
4.7 Sasol Limited
4.7.1 Company Overview
4.7.2 Financial Analysis
4.7.3 Segmental and Regional Analysis
4.7.4 Research & Development Expenses
4.7.5 SWOT Analysis
4.8 Solvay SA
4.8.1 Company Overview
4.8.2 Financial Analysis
4.8.3 Segmental and Regional Analysis
4.8.4 Research & Development Expenses
4.8.5 SWOT Analysis
4.9 Sipchem Company
4.9.1 Company Overview
4.9.2 Financial Analysis
4.9.3 Segmental and Regional Analysis
4.9.4 SWOT Analysis
4.10. Tokuyama Corporation
4.10.1 Company Overview
4.10.2 Financial Analysis
4.10.3 Segmental and Regional Analysis
4.10.4 Research & Development Expenses
4.10.5 SWOT Analysis

TABLE 1 Japan Ethyl Acetate Market, 2019 - 2022, USD Million
TABLE 2 Japan Ethyl Acetate Market, 2023 - 2030, USD Million
TABLE 3 Japan Ethyl Acetate Market, 2019 - 2022, Kilo Tonnes
TABLE 4 Japan Ethyl Acetate Market, 2023 - 2030, Kilo Tonnes
TABLE 5 Japan Ethyl Acetate Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 6 Japan Ethyl Acetate Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 7 Japan Ethyl Acetate Market by Distribution Channel, 2019 - 2022, Kilo Tonnes
TABLE 8 Japan Ethyl Acetate Market by Distribution Channel, 2023 - 2030, Kilo Tonnes
TABLE 9 Japan Ethyl Acetate Market by Application, 2019 - 2022, USD Million
TABLE 10 Japan Ethyl Acetate Market by Application, 2023 - 2030, USD Million
TABLE 11 Japan Ethyl Acetate Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 12 Japan Ethyl Acetate Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 13 Japan Ethyl Acetate Market by End-use, 2019 - 2022, USD Million
TABLE 14 Japan Ethyl Acetate Market by End-use, 2023 - 2030, USD Million
TABLE 15 Japan Ethyl Acetate Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 16 Japan Ethyl Acetate Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 17 Key Information – Celanese Corporation
TABLE 18 Key Information – Daicel Corporation
TABLE 19 Key Information – Eastman Chemical Company
TABLE 20 Key Information – INEOS Group Holdings S.A.
TABLE 21 Key Information – Wacker Chemie AG
TABLE 22 Key Information – Linde PLC
TABLE 23 Key Information – Sasol Limited
TABLE 24 Key Information – Solvay SA
TABLE 25 Key Information – Sipchem Company
TABLE 26 Key Information – Tokuyama Corporation

List of Figures
FIG 1 Methodology for the research
FIG 2 Japan Ethyl Acetate Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Ethyl Acetate Market
FIG 4 Porter’s Five Forces Analysis - Ethyl Acetate Market
FIG 5 Japan Ethyl Acetate Market share by Distribution Channel, 2022
FIG 6 Japan Ethyl Acetate Market share by Distribution Channel, 2030
FIG 7 Japan Ethyl Acetate Market by Distribution Channel, 2019 - 2030, USD Million
FIG 8 Japan Ethyl Acetate Market share by Application, 2022
FIG 9 Japan Ethyl Acetate Market share by Application, 2030
FIG 10 Japan Ethyl Acetate Market by Application, 2019 - 2030, USD Million
FIG 11 Japan Ethyl Acetate Market share by End-use, 2022
FIG 12 Japan Ethyl Acetate Market share by End-use, 2030
FIG 13 Japan Ethyl Acetate Market by End-use, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: Celanese Corporation
FIG 15 SWOT Analysis: Daicel Corporation
FIG 16 SWOT Analysis: Eastman Chemical Company
FIG 17 SWOT Analysis: INEOS GROUP HOLDINGS S.A.
FIG 18 Swot Analysis: Wacker Chemie AG
FIG 19 SWOT Analysis: Linde plc
FIG 20 SWOT Analysis: Sasol Limited
FIG 21 SWOT Analysis: Solvay SA
FIG 22 SWOT Analysis: Sipchem Company
FIG 23 SWOT Analysis: Tokuyama Corporation