Product
Ethyl Acetate Price Trend and Forecast
Ethyl Acetate Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Ethyl Acetate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Ethyl Acetate Price Trend for the First Half of 2023
Asia
Mixed price trends were observed for Ethyl Acetate in the Asian market. Prices rose initially in the first quarter as the downstream demands from aroma and flavour industries inclined owing to the Chinese New Year holidays. But as the holidays got over a steady decline in demand was noticed in the second quarter. As the inventory levels rose and could cater to declining demands, ethyl acetate prices started falling in the Asian market.
Europe
The European Ethyl Acetate market had a good start in early Q1, but by the mid of Q1, prices started plummeting and continued to plunge till the end of Q2. The decline in the market offtakes primarily caused the prices to fall, but the decline in upstream costs also contributed to the falling prices. As crude oil and energy prices declined, manufacturing costs were cut down, while the reduction in transportation charges with freight normalization also brought the upstream costs down. Overall, low swinging price trends were observed.
North America
Contrary to the global pattern, the price trends of Ethyl Acetate performed fairly well in the American market during H1’23. Prices continued to grow during both quarters. The rise in demands from the downstream coating and adhesive industries remained the major driving factor. Continuous movement in inventory stocks also supported the inclining prices. As the industrial maintenance season constricted the supplies, prices got boosted. Overall, the market showed bullish behaviour.
Analyst Insight
According to the Procurement Resource, the Ethyl Acetate market is expected to continue fluctuating in the coming months, given the regional imbalances in downstream demands.
Procurement Resource provides latest prices of Ethyl Acetate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customization of price currencies and unit; extraction of price data as excel files to be used offline.
About
Ethyl Acetate is a carboxylate ester. It is a colourless liquid that has a sweet, fruity odour that most people find pleasant. Ethyl Acetate is a polar aprotic solvent. It has two dipole moments, generated by its two high electronegative oxygen atoms, which are on the carbonyl and ethyl groups.
Ethyl Acetate is a standard solvent, which is especially used for paints, varnishes, lacquers, cleaning, and perfumes. In a laboratory, Ethyl Acetate is used as a universal solvent in the process of thin-layer and column chromatography.
Product Details
| Report Features | Details |
| Product Name | Ethyl Acetate |
| Industrial Uses | Artificial Fruit Essence, Aroma Enhancers, Artificial Flavours for Confectionary, Ice Cream and Cakes, Solvent for Varnishes and Paints, Printing Inks, Perfumes |
| Chemical Formula | CH3COOC2H5 |
| Synonyms | 141-78-6, Ethyl Ethanoate , Acetic Acid Ethyl Ester, Acetoxyethane, Acetic Ester |
| Molecular Weight | 88.11g/mol |
| Supplier Database | Solvay S.A, Merck KGaA, Jiangsu Sopo Corporation (Group) Ltd , Celanese Corporation |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
- Production of Ethyl Acetate via Fischer Esterification; via Dehydrogenation of Ethanol; and via Tishchenko Reaction
Ethyl Acetate is produced from the reaction of ethanol and acetic acid. The process includes a small amount of sulphuric acid to be preheated and then refluxed by feeding it into an esterifying column.
The mixture then goes through to a second refluxing column, to remove around 85% ethyl acetate. Then, the water is mixed and it causes a separation into two layers. The residue is then fed into another refluxing column to remove any final impurities to manufacture 95% Ethyl Acetate.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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