Niir Project Consultancy Services (NPCS) through its network of project consultants in a wide range of business and technological disciplines is engaged in providing services to its clients by way of preparation of project reports. We provide the pre-investment information and business plans required for promoters, business leaders, young entrepreneurs, women entrepreneurs, investors, NRI (Non Resident India), startups, professionals looking to start their own venture. The comprehensive project profile reports cover all the aspects of business, from analyzing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. the scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet, break-even point, rate of return (ROR), etc. the DPR is formulated by highly accomplished and experienced consultants and the market research and analysis are supported by a panel of experts and digitized data bank.

Start a Business Of Ethyl Acetate

Capacity 30,000 MT Per Annum Plant and Machinery cost 2665.00 Lakhs
Working Capital 0.00 Rate of Return (ROR) 28.00 %
Break Even Point (BEP) 39.00 % TCI 0.00 Lakhs
Cost of Project 7206.00Lakhs



Ethyl Acetate, also known as ethyl ethanoate, is an organic compound with the formula CH3COOCH2CH3. A colorless liquid that resembles ethanol, it has an acrid odor reminiscent of nail polish remover due to its high volatility and low boiling point. It occurs naturally in some fruits and can be prepared synthetically by dehydration of ethanol or by hydrolysis of 1-ethoxy-2-propanol.

Uses and Applications

Ethyl acetate is a clear, colorless liquid with a fruity odor. It is used in the production of polymers, nail polish removers, and other solvents. Ethanol can be converted to ethyl acetate by adding an acid catalyst such as sulfuric acid or hydrochloric acid. Once created, ethyl acetate can be mixed with either water or ethanol to create denatured alcohol for industrial use. Ethyl acetate can also be used as a solvent to dissolve oil-based paints and dyes. It is also one of the most common solvents found in household products like paint thinners, adhesives, spot removers, degreasers, spot cleaners, and disinfectants.

Scope of Startup in Ethyl Acetate Manufacturing Industry

The manufacture of ethyl acetate is a process that has been around for over 100 years. It is a chemical that can be used in many different ways, but its primary use is as an artificial flavoring agent. In the United States alone, we consume about 300 million pounds annually, with most of it being used in the production of diet drinks and candies. This makes it a very profitable business to enter into.

Because it has been around for so long, there are many different companies out there who currently manufacture ethyl acetate. This makes it very important to stand out in any way possible so that you can attract as much attention as you can. Many companies will try and get ahead by offering free samples or free trials of their product. If you can offer something like that, you'll be able to increase your conversion rates and make more sales.

Driving Factors of Ethyl Acetate Manufacturing Industry

The main consumer of ethyl acetate is the paints and coatings sector. For many industrial lacquers and enamels, it is the perfect solvent. The formulation of coatings such urethanes (99.5% grade), epoxies, acrylics, vinyl, and others frequently uses it. Additionally, a variety of other industries, including construction, agriculture, wood furniture, maintenance, marine, automotive (for refinishing), and others use these coatings in a wide range of applications. Additionally, it is utilised in photographic films. Additionally, it is substantially less expensive than other competing solvents used in comparable applications. Its vast range of uses and applications set it apart from other solvents on the market and contribute to its popularity. Therefore, end-user applications and a high demand for coatings are what drive demand.

The printing ink market is booming, especially in developing nations like India, China, and Indonesia. Double-digit growth in the nation is expected in the future years, according to industry analysts. The growth of the printing ink industry is a result of modern shopping, evolving lifestyles, and the explosive expansion of the packaging sector. Not just India, but other growing nations have seen an increase in ethyl acetate use, which is used to make printing ink. The Asia-Pacific region's domestic printing market is also growing, which is likely to result in increased demand for printing ink. The availability of local giant production capacities of necessary solvents, such as ethyl solvents used in the creation of printing ink, can meet this expanding demand.

Global market outlook

The global ethyl acetate market size was valued at USD 4.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.8% from 2021 to 2028. Driven by the rising demand for ethyl acetate as a solvent in various applications such as pharmaceuticals and paints & coatings. In addition, the explosive growth rate is fueled by the increasing demand from emerging economies such as India and China. These countries are witnessing significant economic growths which has resulted in an increase in demand for raw materials including Ethyl Acetate. Furthermore, this will propel Ethyl Acetate industry’s expansion into new markets like India and China. Over the past few decades, these regions have experienced an upsurge in their population base with an accompanying rise in per capita income levels. Consequently, there has been a corresponding surge in consumerism among citizens who now possess greater purchasing power with increased disposable incomes. Therefore, people living in these regions have better access to quality products. They can afford the cost of travelling abroad and acquiring foreign goods that might not be available locally. They are also attracted to western lifestyles which include consumption habits involving high quantities of refined sugar, fast foods and soft drinks. As a result of increased consumption across the globe (i.e., rapid industrialization) usage rates for solvents such as Ethyl Acetate have risen exponentially.


It's thrilling to get involved in the ethyl acetate business and industry. Chemistry offers the chance to be creative and experiment with novel formulas for individuals who love the subject. This company is also highly solid and, with proper management from the beginning, has the potential to become a huge enterprise. There is no limit to how big your business could get because there will always be a demand for this product due to its vast range of applications. While doing so does take a lot of time and money, the results are long-lasting. It's preferable to only design the product for individual use in order to keep things simple. With all of these advantages what are you waiting for? Get started on your own successful business today!


Top Player's

·         INEOS (UK)

·         Celanese (US)

·         Eastman Chemical (US)

·         Jiangsu Sopo (China)

·         Jiangmen Handsome (China)

·         Wuxi Baichuan (China)

·         Jubilant (India)


·         Sekab (Sweden)

·         Korea Alcohol (South Korea)

·         IOL Chemicals and Pharmaceuticals (India)



  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.



NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name in the industrial world for offering integrated technical consultancy services. NPCS is manned by engineers, planners, specialists, financial experts, economic analysts and design specialists with extensive experience in the related industries.

Our various services are: Detailed Project Report,  Business Plan for Manufacturing Plant, Start-up Ideas, Business Ideas for Entrepreneurs, Start up Business Opportunities, entrepreneurship projects, Successful Business Plan, Industry Trends, Market Research, Manufacturing Process, Machinery, Raw Materials, project report, Cost and Revenue, Pre-feasibility study for Profitable Manufacturing Business, Project Identification, Project Feasibility and Market Study, Identification of Profitable Industrial Project Opportunities, Business Opportunities, Investment Opportunities for Most Profitable Business in India, Manufacturing Business Ideas, Preparation of Project Profile, Pre-Investment and Pre-Feasibility Study, Market Research Study, Preparation of Techno-Economic Feasibility Report, Identification and Section of Plant, Process, Equipment, General Guidance, Startup Help, Technical and Commercial Counseling for setting up new industrial project and Most Profitable Small Scale Business.

NPCS also publishes varies process technology, technical, reference, self employment and startup books, directory, business and industry database, bankable detailed project report, market research report on various industries, small scale industry and profit making business. Besides being used by manufacturers, industrialists and entrepreneurs, our publications are also used by professionals including project engineers, information services bureau, consultants and project consultancy firms as one of the input in their research.

Our Detailed Project report aims at providing all the critical data required by any entrepreneur vying to venture into Project. While expanding a current business or while venturing into new business, entrepreneurs are often faced with the dilemma of zeroing in on a suitable product/line.


And before diversifying/venturing into any product, wish to study the following aspects of the identified product:

• Good Present/Future Demand
• Export-Import Market Potential
• Raw Material & Manpower Availability
• Project Costs and Payback Period

We at NPCS, through our reliable expertise in the project consultancy and market research field, Provides exhaustive information about the project, which satisfies all the above mentioned requirements and has high growth potential in the markets. And through our report we aim to help you make sound and informed business decision.


The report contains all the data which will help an entrepreneur find answers to questions like:

• Why I should invest in this project?
• What will drive the growth of the product?
• What are the costs involved?
• What will be the market potential?

The report first focuses on enhancing the basic knowledge of the entrepreneur about the main product, by elucidating details like product definition, its uses and applications, industry segmentation as well as an overall overview of the industry sector in India. The report then helps an entrepreneur identify the target customer group of its product. It further helps in making sound investment decision by listing and then elaborating on factors that will contribute to the growth of product consumption in India and also talks about the foreign trade of the product along with the list of top importing and top exporting countries. Report includes graphical representation and forecasts of key data discussed in the above mentioned segment. It further explicates the growth potential of the product.

The report includes other market data like key players in the Industry segment along with their contact information and recent developments. It includes crucial information like raw material requirements, list of machinery and manufacturing process for the plant. Core project financials like plant capacity, costs involved in setting up of project, working capital requirements, projected revenue and profit are further listed in the report.

Reasons for buying the report:

• This report helps you to identify a profitable project for investing or diversifying into by throwing light to crucial areas like industry size, demand of the product and reasons for investing in the product.

• This report provides vital information on the product like its definition, characteristics and segmentation.

• This report helps you market and place the product correctly by identifying the target customer group of the product.

• This report helps you understand the viability of the project by disclosing details like raw materials required, manufacturing process, project costs and snapshot of other project financials.

• The report provides forecasts of key parameters which helps to anticipate the industry performance and make sound business decision.


Our Approach:

• Our research reports broadly cover Indian markets, present analysis, outlook and forecast.

• The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players. 

• We use reliable sources of information and databases.  And information from such sources is processed by us and included in the report.


Our Market Survey cum Detailed Techno Economic Feasibility Report Contains following information:



Ø  Introduction

·         Project Introduction

·         Project Objective and Strategy

·         Concise History of the Product

·         Properties

·         BIS (Bureau of Indian Standards) Provision & Specification

·         Uses & Applications


Ø  Market Study and Assessment

·         Current Indian Market Scenario

·         Present Market Demand and Supply

·         Estimated Future Market Demand and Forecast

·         Statistics of Import & Export

·         Names & Addresses of Existing Units (Present Players)

·         Market Opportunity


Ø  Raw Material

·         List of Raw Materials

·         Properties of Raw Materials

·         Prescribed Quality of Raw Materials

·         List of Suppliers and Manufacturers


Ø  Personnel (Manpower) Requirements

·         Requirement of Staff & Labor (Skilled and Unskilled) Managerial, Technical, Office Staff and Marketing Personnel


Ø  Plant and Machinery

·         List of Plant & Machinery

·         Miscellaneous Items

·         Appliances & Equipments

·         Laboratory Equipments & Accessories

·         Electrification

·         Electric Load & Water

·         Maintenance Cost

·         Sources of Plant & Machinery (Suppliers and Manufacturers)


Ø  Manufacturing Process and Formulations

·         Detailed Process of Manufacture with Formulation

·         Packaging Required

·         Process Flow Sheet Diagram


Ø  Infrastructure and Utilities

·         Project Location

·         Requirement of Land Area

·         Rates of the Land

·         Built Up Area

·         Construction Schedule

·         Plant Layout and Requirement of Utilities


Project at a Glance

Along with financial details as under:


  •     Assumptions for Profitability workings

  •    Plant Economics

  •    Production Schedule

  •    Land & Building

            Factory Land & Building

            Site Development Expenses

  •    Plant & Machinery

             Indigenous Machineries

            Other Machineries (Miscellaneous, Laboratory etc.)

  •    Other Fixed Assets

            Furniture & Fixtures

            Pre-operative and Preliminary Expenses

            Technical Knowhow

            Provision of Contingencies

  •   Working Capital Requirement Per Month

             Raw Material

            Packing Material

            Lab & ETP Chemical Cost

           Consumable Store

  •   Overheads Required Per Month And Per Annum

         Utilities & Overheads (Power, Water and Fuel Expenses etc.)

             Royalty and Other Charges

            Selling and Distribution Expenses

  •    Salary and Wages

  •    Turnover Per Annum

  •   Share Capital

            Equity Capital

            Preference Share Capital


  •    Annexure 1:: Cost of Project and Means of Finance

  •    Annexure 2::  Profitability and Net Cash Accruals


                Expenses/Cost of Products/Services/Items

                Gross Profit

                Financial Charges     

                Total Cost of Sales

                Net Profit After Taxes

                Net Cash Accruals

  •   Annexure 3 :: Assessment of Working Capital requirements

                Current Assets

                Gross Working. Capital

                Current Liabilities

                Net Working Capital

                Working Note for Calculation of Work-in-process

  •    Annexure 4 :: Sources and Disposition of Funds

  •    Annexure 5 :: Projected Balance Sheets

                ROI (Average of Fixed Assets)

                RONW (Average of Share Capital)

                ROI (Average of Total Assets)

  •    Annexure 6 :: Profitability ratios


                Earnings Per Share (EPS)


             Debt Equity Ratio

        Annexure 7   :: Break-Even Analysis

                Variable Cost & Expenses

                Semi-Var./Semi-Fixed Exp.

                Profit Volume Ratio (PVR)

                Fixed Expenses / Cost 


  •   Annexure 8 to 11:: Sensitivity Analysis-Price/Volume

            Resultant N.P.B.T

            Resultant D.S.C.R

   Resultant PV Ratio

   Resultant DER

  Resultant ROI

          Resultant BEP

  •    Annexure 12 :: Shareholding Pattern and Stake Status

        Equity Capital

        Preference Share Capital

  •   Annexure 13 :: Quantitative Details-Output/Sales/Stocks

        Determined Capacity P.A of Products/Services

        Achievable Efficiency/Yield % of Products/Services/Items 

        Net Usable Load/Capacity of Products/Services/Items   

       Expected Sales/ Revenue/ Income of Products/ Services/ Items   

  •    Annexure 14 :: Product wise domestic Sales Realisation

  •    Annexure 15 :: Total Raw Material Cost

  •    Annexure 16 :: Raw Material Cost per unit

  •    Annexure 17 :: Total Lab & ETP Chemical Cost

  •    Annexure 18  :: Consumables, Store etc.,

  •    Annexure 19  :: Packing Material Cost

  •    Annexure 20  :: Packing Material Cost Per Unit

  •    Annexure 21 :: Employees Expenses

  •    Annexure 22 :: Fuel Expenses

  •    Annexure 23 :: Power/Electricity Expenses

  •    Annexure 24 :: Royalty & Other Charges

  •    Annexure 25 :: Repairs & Maintenance Exp.

  •    Annexure 26 :: Other Mfg. Expenses

  •    Annexure 27 :: Administration Expenses

  •    Annexure 28 :: Selling Expenses

  •    Annexure 29 :: Depreciation Charges – as per Books (Total)

  •   Annexure 30   :: Depreciation Charges – as per Books (P & M)

  •   Annexure 31   :: Depreciation Charges - As per IT Act WDV (Total)

  •   Annexure 32   :: Depreciation Charges - As per IT Act WDV (P & M)

  •   Annexure 33   :: Interest and Repayment - Term Loans

  •   Annexure 34   :: Tax on Profits

  •   Annexure 35   ::Projected Pay-Back Period And IRR