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 Q2 2015
The US ethyl acetate (etac) market in the second quarter of this year is expected to continue to be stable to soft. US suppliers Eastman Chemical and Celanese continue to both supply the market after their long-term partnership ended at the end of the fourth quarter of 2014. This has led to more material in the market. The first quarter of 2015 saw price erosion due to the extra volume, and the second quarter could continue that trend.
Q2 etac prices in Asia are likely to be stable to firm on the back of increased raw material acetic acid costs. However, etac’s feedstock cost-led price gains are expected to be limited by the competitive prices of substitutable solvents, including isopropanol (IPA) and methyl ethyl ketone (MEK). Etac supply in China will be further boosted by capacity expansion.
The European etac market failed to pick up as expected in March. Disappointing demand has meant that suppliers have so far struggled to increase April etac prices following feedstock price hikes. Etac market conditions in the second quarter will greatly depend on the euro-dollar exchange rate, with the weak euro having discouraged imports to Europe for several months.
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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.