Ethyl acetate Prices, markets & analysis
ICIS offers trusted and reliable market intelligence for those buying or selling Ethyl acetate or related products in the global Ethyl acetate market.
Our reporters across Asia, Europe and the US keep in touch with local markets, bringing you price assessments, in-depth news and analysis which you can rely on to guide you in your commercial decisions.
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Ethyl acetate Overview Transcript
Ethyl acete or etac is a solvent with the main outlet being coatings which account for about 60% of demand.
Process solvents including pharmaceuticals and organic synthesis account for 15% while printing inks are also estimated at 15%. Miscellaneous uses including adhesives cosmetics account for a further 10% of demand.
The main European producers of ethyl acetate are Ineos, Sekab and Solutia. Product is regularly imported from Celanese in the US and Rhodia in Brazil. There are also imports of Indian product, and while there are some regular players involved in this, there is also some more sporadic involvement depending on net-backs and demand.
Producers generally agree contracts direct with the larger customers and have contracts with the distribution network to deliver to medium and smaller buyers.
Ethyl acetate’s key feedstocks are ethanol and acetic acid or ethylene and acetic acid depending on the player.
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Ethyl acetate: Market overview
Updated to Q1 2015
The US ethyl acetate (etac) market is expected to stabilise over the next few months. After slight increases in late December, etac market participants have said that the market will likely remain stable. Heading into the spring, however, things could change. The etac market could see increased demand as the spring coatings season kicks into gear. Etac is used in paints and coatings, as well as adhesives.
Asian etac prices are expected to decline further in Q1 because of weakening prices for feedstocks acetic acid and ethanol. Furthermore, the rout in crude oil markets and the consequent fall in ethylene prices have boosted the competitiveness of ethylene-based etac makers outside China and India. The ongoing weakness in several Asian currencies against the US dollar has contributed to a slowdown in demand for Chinese cargoes into countries, including Japan and South Korea.
Following January price decreases on the back of lower feedstock costs, the outlook for the European etac market is uncertain, with participants noting that much will depend on crude oil prices and the exchange rate of the euro versus the dollar.
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Ethyl Acetate Methodology
About Ethyl acetate
Ethyl acetate (etac) is a colourless, mobile, volatile liquid, with a characteristic pleasant fruity odour. It is highly flammable, soluble in ethyl alcohol and ether but slightly soluble in water.
It is used in a variety of coating formulations such as epoxies, urethanes, cellulosics, acrylics and vinyls. Applications for these coatings are numerous including wood furniture and fixtures, agricultural, construction and mining equipment, auto refinishing, and maintenance and marine uses.
Ethyl acetate has applications as a solvent in inks for flexographic and rotogravure printing. It is used as an extraction solvent in the production of pharmaceuticals and food, and as a carrier solvent for herbicides. High purity product can be used as a viscosity reducer for resins used in photoresist formulations in the electronics industry.
As an active solvent, etac is available in three grades: 85-88%, 99% and 99.5% (urethane grade). The most popular is 99% grade which is chiefly used in industrial lacquers and enamels.
Miscellaneous uses of etac include adhesives and cosmetics.