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.
Our editor gives their expert view
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 Q4 2014
European ethyl acetate (etac) prices softened during the third quarter, with post-summer holiday demand failing to meet expectations. However, an oversupply has been staved off by the weak euro versus the US dollar, which has made Europe unattractive to importers. Market participants are unsure what lies ahead for the fourth quarter. Some question whether demand will properly pick up at all, while importers stress that much will depend on the exchange rates during this period.
The US etac market is fairly stable – for now. Even still, producers appear to be attempting to push through incremental price increases. Suppliers attempted 3-6 cent increases in September, which were pushed back by buyers. Producers conceded that they only managed to push through 2 cents; however, ICIS-assessed prices for etac went up by 1 cent only, as buyers disputed that the 2-cent hike went through. It is expected that the market may be quiet and flat for the rest of the year.
Asian etac prices are expected to continue tracking raw material acetic acid and ethanol values in the fourth quarter. Prices had been dragged lower from the second half of the third quarter by the downward acetic acid price correction in China. Supply from China, the top Asian exporter, is expected to stay abundant in the fourth quarter. However, southeast Asian demand for Chinese material should be boosted by the end-2104 closure of Showa Denko’s 50,000 tonne/year unit in Indonesia.
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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.