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NigeriaThe Asia Pacific region emerged as the largest market for ethyl acetate. This region dominated the global ethyl acetate owing to the advancement of growing countries like China and India, which are among the essential customers of ethyl acetate.
In Q4 2024, the Asia-Pacific region will experience upward trend in ethyl acetate prices. Key factors driving these price fluctuations include differing demand trends across various countries, particularly influenced by China’s strong performance. Additionally, rising raw material prices will affect production costs, while ongoing trade tensions will disrupt regional supply chains. In the short term, the ethyl acetate market will experience growth primarily due to rising demand from the paints, coatings, and food sectors. Market growth of ethyl acetate can be attributed to the thriving automotive industries, as well as an increasing global preference for flexible packaging solutions. In addition, the increasing demand for epoxy coatings in the global aerospace and food and beverage sectors will expect to positively impact the demand for ethyl acetate over the forecast period.
In Q3 2024, the ethyl acetate market will continue to experience upward price pressure due to ongoing supply limitations. The growing demand for adhesives, paints, coatings, and food items will expect to boost the ethyl acetate market in the APAC region as well as in Europe region. As of July 2024, ethyl acetate prices were fluctuating and reflecting around 0.11% decrease from the previous month.
In Q2 2024, the Chinese ethyl acetate market experienced an upward trend in beginning of quarter as compared to first quarter of 2024 but further there was a sharp decrease towards the second half of the Q2. But in other Asian countries like Malaysia and India ethyl acetate market declined as compared to the Q4 of 2023. In the second quarter, the Asian market experienced a downturn attributed to reduced import costs from China, high inventory levels, and decreased demand from downstream industries like construction. The European ethyl acetate market has displayed a mixed price trend throughout the quarter. Initially, prices climbed during the first half as strong demand persisted, particularly from key industries. However, as the quarter progressed, prices began to decline due to supply constraints that caught up with the market dynamics. These fluctuations were influenced by various factors, including changing demand patterns in downstream sectors. By the end of the quarter in June, the price of ethyl acetate in the Netherlands settled at 1,189 USD per metric ton
In Q1 2024 the Asian ethyl acetate market declined by 1.27% as compared to the Q4 of 2023. Several factors have influenced ethyl acetate prices, including weak demand from the construction sector, high inventory levels, and low import costs from China. The challenges in the Chinese market have had a negative impact on Japan’s pricing, as China is a significant exporter to Japan. In contrast, the European market, particularly in the Netherland ethyl acetate prices rose due to increased demand from the construction sector, along with managing inventory levels. By the end of the quarter in Netherland, the price of ethyl acetate reached 1,181 USD per metric ton in March.
PriceWatch is your trusted resource for tracking global ethyl acetate price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the ethyl acetate market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.
In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence ethyl acetate prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely ethyl acetate market data.
Track PriceWatch's ethyl acetate price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.
Supply Chain Disruptions: The conflict has impacted the supply chains for raw materials and energy sources, causing delays and shortages that drive up production costs for ethyl acetate.
Energy Prices: Increased volatility in oil and gas prices resulting from the conflict has directly affected the production costs of ethyl acetate, as energy is a key input in its manufacturing.
Market Uncertainty: The geopolitical tensions have created uncertainty in global markets, leading to speculative trading and fluctuating prices as companies adjust to the evolving situation.
Export Restrictions: Sanctions and trade restrictions imposed on Russia and Ukraine have further strained supply chains, affecting the availability of key feedstocks and raising prices.
Disruption of Supply Chains: Lockdowns and restrictions led to factory closures and transportation delays, disrupting the supply chains for raw materials and finished products, which affected ethyl acetate availability.
Demand Shifts: The pandemic altered demand dynamics, with increased needs in specific sectors such as pharmaceuticals, sanitizers, and packaging materials, while demand from industries like automotive and textiles declined sharply.
Production Halts: Many manufacturers scaled back or halted production during peak lockdown periods, leading to temporary shortages in the market, which contributed to price volatility.
Economic Uncertainty: The overall economic instability during the pandemic created uncertainty in the market, causing fluctuations in pricing as companies adjusted their production and inventory strategies.
Raw Material Prices: Fluctuations in the prices of raw materials, influenced by the pandemic’s impact on global markets, further affected the production costs of ethyl acetate, leading to price changes.
Trade Wars: Ongoing trade disputes, particularly between major economies like the U.S. and China, created uncertainty in the market. Tariffs on chemicals and raw materials affected production costs and availability, leading to price volatility.
Market Speculation: Heightened geopolitical risks triggered speculative trading behaviour in commodity markets, causing prices to swing as traders react to news and developments.
These events underscore the ethyl acetate market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.
This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable ethyl acetate pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.
Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
Ethyl acetate is a colourless, volatile liquid with a sweet, fruity odour, commonly used as a solvent in various industries such as pharmaceuticals, cosmetics, and manufacturing. Its chemical formula is C4H8O2, and it is widely employed for its excellent ability to dissolve a broad range of substances, making it an essential component in paint removers, adhesives, coatings, and varnishes. Ethyl acetate is also used in the production of artificial flavours, fragrances, and as a cleaning agent in the electronics industry. Due to its low toxicity and rapid evaporation rate, it is favoured in applications requiring quick drying times, ensuring efficiency and high performance in diverse formulations.
Packaging Type
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Property | Specification |
| Appearance | Colourless clear liquid |
| Purity | 99.9% |
| Density (25 °C) | 0.902 g/mL |
| Boiling Point | 78 °C |
| Freezing Point | -94 °C |
| Vapour Pressure (20 °C) | 99 mm Hg |
| MIR | 0.63 |
| Viscosity (20 °C) | 0.45 mm2/s |
Applications
Ethyl acetate is used mainly as a feedstock/intermediate to make other chemicals including: Acetic acid Butyl acetate Ethanol
Ethyl Acetate prices are mainly influenced by the cost of raw materials such as ethanol and acetic acid. Energy costs, demand from industries like paints, coatings, adhesives, and food & beverages also play a role. Additionally, global supply chain disruptions, transportation costs, and geopolitical factors can impact pricing.
When Ethyl Acetate is produced locally, prices tend to be more stable and lower due to reduced transportation costs. However, regions relying on imports may experience higher prices due to shipping costs, tariffs, and potential supply chain delays.
Ethyl Acetate prices have fluctuated recently due to changes in raw material costs and supply chain issues. To secure better rates, it is beneficial to negotiate long-term contracts, purchase in bulk, and explore local suppliers to reduce transportation costs.
Supply chain disruptions, such as raw material shortages, transportation delays, or geopolitical instability, can lead to higher prices or supply shortages for Ethyl Acetate.
There may be some seasonal fluctuation based on demand in the paint and coatings industry, but this is usually less significant compared to factors like raw material and energy cost changes.
Long-term price stability is difficult to guarantee due to the volatility of raw material and energy prices. However, securing long-term contracts and monitoring market trends can help manage price fluctuations.
High demand from coatings and adhesives industries can lead to price increases, especially during periods of high production. Lower demand can result in reduced prices.
Environmental regulations aimed at reducing volatile organic compounds (VOC) can increase production costs, leading to higher prices for Ethyl Acetate in certain applications like paints and coatings.
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