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 Q3 2014
Prices of ethyl acetate (etac) in the US are expected to stay flat during the third quarter. Some softening of prices in the market has been heard early in the quarter, but has not been confirmed. Demand is expected to remain stable over the coming months, and prices should remain stable as well.
Etac prices in Asia are likely to stay weak relative to feedstock acetic acid prices in the third quarter, after failing to match acetic acid’s hefty gains in the second quarter because of the former’s excess supply. Acetic acid prices in China began to weaken in late June, after surging by 25.4% in the second quarter on the back of plant turnarounds and production problems.
In Europe, etac prices remained steady from late April onwards. However, with the market still balanced to tight, a €50/tonne increase in the July contract price for feedstock ethylene has led etac suppliers to separately target July price hikes. Views are mixed regarding the likely success of these increases, given that European businesses are getting closer to their summer slowdown period.
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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.