The Latin America, Middle East and Africa Ethyl Acetate Market would witness market growth of 7.5% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 432.9 Kilo Tonnes, showcasing a growth of 8.4% (2023-2030).
Ethyl acetate is also used as a solvent in the production of adhesives and sealants, and its demand in this application is driven by industries such as construction and automotive. Adhesives and sealants are essential in these industries, used for bonding materials and sealing joints and gaps. In the construction industry, adhesives and sealants are used for various purposes, including bonding building materials such as wood, metal, and plastic, as well as for sealing gaps and joints to prevent air and water infiltration.
The growing construction activities, especially in emerging economies, are driving the demand for adhesives and sealants, thereby boosting the demand for this as a solvent. Similarly, in the automotive industry, adhesives and sealants play a crucial role in vehicle manufacturing, used for bonding components, sealing seams, and reducing noise, vibration, and harshness (NVH). The increasing production of vehicles, driven by rising disposable incomes and urbanization, is driving the demand for adhesives and sealants, consequently increasing their demand.
Rapid urbanization and infrastructure development in countries across Latin America, the Middle East, and Africa are fuelling the demand for construction materials. This is used in the production of paints and coatings used for buildings, bridges, and other infrastructure projects, driving its demand in the region. Thus, as construction activities continue to grow and new infrastructure projects are undertaken, the demand for ethyl acetate is expected to remain strong, supporting its continued use in the construction industry.
The Brazil market dominated the LAMEA Ethyl Acetate Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $166.2 million by 2030. The Argentina market is showcasing a CAGR of 7.9% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7.1% during (2023 - 2030).
Free Valuable Insights: The Worldwide Ethyl Acetate Market is Projected to reach USD 8.5 Billion by 2030, at a CAGR of 6.6%
Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Application, the market is segmented into Paint & Coatings, Inks, Process Solvents, Pigments, and Others. Based on End-use, the market is segmented into Automotive, Artificial Leather, Food & Beverage, Pharmaceutical, and Packaging. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By End Use (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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