Ethyl Acetate Prices

Ethyl Acetate Prices September 2024

The ethyl acetate prices in the United States for Q3 2024 reached 1550 USD/MT in September. The United States witnessed a continuous price decline because of low demand and adequate supply across the ethyl acetate market. The market sentiment remained bearish, with high supply levels contributing to the continued price decline.

The price trend for ethyl acetate in Japan for Q3 2024 settled at 920 USD/MT in September. The market witnessed significant price drops driven by steady to lower feedstock costs and reduced demand for ethyl acetate from the construction sector. Throughout the quarter, a downturn in overall production activities amplified the bearish sentiment, with market prices declining consistently, exhibiting a subdued economic outlook across the sector.

In Germany, the ethyl acetate prices for Q3 2024 reached 1130 USD/MT in September. The market faced a downtrend due to reduced manufacturing costs from lower prices of feedstock acetic acid. In the second half, the market witnessed stability though the demand remained low. Factors like surplus from PTA production and cheaper imports kept pressure on prices, exhibiting the bearish sentiment prevalent throughout Europe’s market.

Ethyl Acetate Prices June 2024

During the second quarter of 2024, the ethyl acetate prices in the United States reached 1671 USD/MT in June. The ethyl acetate market saw a rise in prices initially but experienced a decline due to excess inventories and weak downstream demand. Despite steady construction industry demand, the market struggled with inventory imbalances and rising production costs. Prices fell throughout the quarter, reflecting a challenging balance between supply and demand.

In the second quarter of 2024, ethyl acetate prices in Japan faced significant declines driven by diminishing import rates, high stock levels, and weak consumption across the construction industry. The quarter ended with ethyl acetate priced at 979 USD/MT in June. Seasonal factors such as labor scarcities and regulatory mandates further contributed to a slight drop, with a continued bearish landscape observed during the quarter.

During the second quarter of 2024, ethyl acetate pricing in Germany saw an increase in ethyl acetate prices due to high manufacturing costs and strong consumption the construction industry. The quarter ended with ethyl acetate priced at 1293 USD/MT in March. Despite some price declines towards the quarter-end owing to destocking, the market remained robust, supported by consistent construction activity and constrained supply dynamics.

Ethyl Acetate Prices March 2024

During the first quarter of 2024, the ethyl acetate prices in the United States reached 1734 USD/MT in March. The market saw fluctuating prices, initially rising due to strong consumption across the construction industry. However, prices eventually fell as feedstock costs increased and inventories grew. Despite an initial upward trend, the quarter ended with a downturn, reflecting challenges in balancing supply and demand.

In the first quarter of 2024, ethyl acetate prices in Japan faced significant price drops in Q1 2024, driven by low demand, increased stocks, and poor import rates. The quarter ended with ethyl acetate priced at 969 USD/MT in March. Seasonal factors and fluctuating market conditions contributed to a steady downward trend throughout the quarter, indicating ongoing challenges and a bearish market outlook.

During the Q1 FY24, ethyl acetate pricing in Belgium saw rising Ethyl Acetate prices, fueled by strong construction sector demand and higher import costs from China. The quarter ended with ethyl acetate priced at 1161 USD/MT in March. Despite facing challenges like reduced demand in some sectors and high energy prices, the market remained robust, driven by steady demand and limited supply.

Ethyl Acetate Prices December 2023

The ethyl acetate prices in the United States for quarter four of 2023 reached 1734 USD/MT in December. The region saw stable prices despite reasonable supply and high inventories. The market faced pressure from rising feedstock costs and weakened demand from industries like construction. High interest rates further restrained purchasing power, impacting overall demand, but no plant shutdowns were reported during this period.

The price trend for ethyl acetate in Japan for quarter four of 2023 reached 1013 USD/MT in December. The market remained stable, with prices showing minor changes. Besides this, the market was influenced by steady inventories and no significant supply chain disruptions. Despite a slight decrease in prices compared to the last quarter, Japan experienced consistent market conditions throughout the period.

The price trend for ethyl acetate in Belgium for Q4 2023 reached 1037 USD/MT in December. Belgium's ethyl acetate market saw a modest rise in prices amid stable overall market conditions. High inventories and lesser demand from sectors like construction, coupled with rising production costs, influenced price stability. Belgium's market remained steady, with minimal fluctuations and a consistent flow of imports.

Regional Coverage

The report provides a detailed analysis of the ethyl acetate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the ethyl acetate price trend.

Global Ethyl Acetate Price

The report offers a holistic view of the global ethyl acetate pricing trends in the form of ethyl acetate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into ethyl acetate historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into ethyl acetate price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed ethyl acetate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Ethyl Acetate Price

Q3 2024:

During the third quarter of 2024, the market across Europe experienced a generally bearish trend, with prices dropping initially and stabilizing later, yet remaining under pressure overall. In line with this, imports from China became more economical, adding to the price drop, while demand for ethyl acetate from key sectors, particularly polyester and plastics, stayed weak. The resumed operations of PTA plants resulted in excess supply, which, along with these other factors, sustained a downbeat market outlook. Germany noted significant price fluctuations, and ethyl acetate prices showed variations associated with the last quarters but reflected the wider regional decline by the quarter’s end.

Q2 2024:

The European market displayed diverse pricing patterns that were shaped by supply chain and economic factors. In the beginning, prices increased as a result of the elevated cost of manufacturing feedstock and longer shipment routes leading to higher freight costs. Production prices were raised by rising rates of natural gas. Nonetheless, strong consumption across the construction industry, bolstered by a rise in overseas investment and a favorable outlook for the economy, contributed to the market growth. Despite a decline in prices towards the end of the quarter due to destocking, the market remained optimistic due to continuous demand and supply chain issues.

Q1 2024:

The European market trended upward due to increased consumption across the construction industry, combined with reduced inventories and rising importing costs from China. Besides the low requirements and sector-specific bankruptcies particularly in Belgium, the market showed resilience and growth. Nonetheless, a decrease in the production of goods and high energy rates posed challenges. Future prospects suggest that energy-intensive materials and high LNG prices may continue to impact the market. In confluence with this, the pricing landscape in Europe remained promising, marked by constant increases amid robust demand and constrained supply.

Q4 2023:

Throughout the Q4 of 2023, the European ethyl acetate market remained constant, with Belgium witnessing the most notable price fluctuations. High stock levels, extensive destocking efforts, and growing manufacturing costs as a result of a surge in the cost of natural gas and coal gas prices all had an impact on the market. Prices decreased because of the construction industry's sharp fall in consumption brought on by pessimistic market sentiment. A consistent influx of low-cost imports from Asia had an additional impact on the market. Despite these circumstances, the market as a whole held steady due to low demand and ample supply, which limited price fluctuations.

This analysis can be extended to include detailed ethyl acetate price information for a comprehensive list of countries.

North America Ethyl Acetate Price

Q3 2024:

During the third quarter of 2024, the market in North America witnessed a marked price decline, especially within the United States, due to reduced demand for ethyl acetate from key sectors like construction and an abundant market supply. A sustained downward trend marked the quarter as low demand met with high availability, exerting pressure on regional prices. Feedstock Acetic Acid prices added to the dynamics, fluctuating because of temporary production halts. The restart of production by Celanese led to a decrease in Acetic Acid prices, lowering production costs and contributing further to Ethyl Acetate’s declining market value. Overall, market sentiment remained bearish, reflecting challenges within North America's Ethyl Acetate sector as supply levels remained high and demand weak.

Q2 2024:

In the early part of the second quarter of 2024, the market experienced a significant prices hikes owing to robust demand and limited supply. Prices decreased as inventories increased, end-user demand weakened, and manufacturing rates increased due to the elevated cost of natural gas despite a boost from new orders from Asia and Europe as well as robust production activity. Additional factors influencing prices were unstable interest rates and uncertain economic conditions in the construction sector. By the latter half of the quarter, a downward trend prevailed, with prices declining due to surplus inventories and seasonal factors. The quarter ended in June with a sip in prices, indicating a challenging and pessimistic market outlook.

Q1 2024:

The North American ethyl acetate market witnessed a general fall in rates in the first quarter of 2024, driven by the dynamics of supply, consumption, feedstock prices, and market performance. The United States saw significant cost variations, with prices increasing initially due to large demand across industries such as construction. Despite this brief hike, prices eventually fell due to rising feedstock costs and market conditions. Yearly comparisons reveal notable price increases over the last year. The market showed a favorable pricing landscape at the end of Q1, bolstered by enduring seasonal demand, reflecting a possible growth trend in the area going forward.

Q4 2023:

In the fourth quarter of 2023, the ethyl acetate market in North America saw a period of stability despite reasonable supply levels and extensive inventory stocks. The market experienced significant destocking, spurred by growing feedstock costs and reduced requirement from key sectors like construction. In addition to this, the high-interest rate further curtailed consumers’ purchasing power, contributing to the fall in overall demand. While no plant shutdowns were reported, the market remained largely stable, with international demand also subdued. Anticipations for the upcoming period suggest a continued downward trend in prices due to persistent high inventory levels and weak demand from downstream industries.

Specific ethyl acetate historical data within the United States and Canada can also be provided.

Middle East and Africa Ethyl Acetate Price

The report explores the ethyl acetate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on ethyl acetate prices for countries can also be provided.

Asia Pacific Ethyl Acetate Price

Q3 2024:

The market faced a challenging period during the third quarter of 2024, due to continual price declines, regardless of a brief uptick initially. Limited demand for ethyl acetate from key sectors, especially from coatings and paints within the construction industry, kept market sentiment bearish. Additionally, constantly reduced energy costs and falling feedstock prices fueled lowered production expenses. Japan witnessed the most significant price reductions, reflecting a decline in both overall manufacturing activity and energy prices, further impacting market sentiment. With lowered manufacturing levels and reduced construction sector demand, a pessimistic outlook dominated the market, and by the quarter’s end, prices remained notably lower, reinforcing the region’s downtrend.

Q2 2024:

At the start of Q2 2024, the market in the Asia Pacific region saw a rise in prices driven by inventory restocking. Moreover, the latter part of the quarter was marked by a downward trend due to diminishing imports from China, increased stocks, and weak end user demand from sectors like construction. A prolonged decline was caused due to persistent price reductions by traders, shifting feedstock methanol rates, and wary purchasing practices. Seasonal factors and a slow recovery across the construction sector exacerbated the downtrend, with Japan facing the most significant price changes.

Q1 2024:

In the Asia Pacific region, the market brought a downward trend for ethyl acetate prices. Key factors included low requirements across the construction sector, increased stock levels, and cheap importing prices from China. Japan, in particular, experienced notable price reductions, reflecting a broader negative market sentiment. The decline was driven by sustained weak demand and increasing inventories throughout the quarter. Seasonal variations contributed to fluctuating prices, with March seeing more pronounced decreases. The overall market remained bearish, with ongoing challenges likely to perpetuate further reductions in the near term.

Q4 2023:

The Asia-Pacific region experienced a price fall in the fourth quarter of 2023, driven by substantial destocking and decreasing requirement from the construction sector. The prices remained relatively stable in Japan, with a slight decrease early in the quarter. The market experienced smooth inventory flows without significant disruptions, and the price trends showed minimal fluctuation. Despite a general downward trend in the region, Japan’s market conditions remained steady with no major supply chain issues. Overall, the quarter was marked by a stable yet falling price trajectory, largely influenced by high inventory levels and a slowdown in demand from key sectors.

This ethyl acetate price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Ethyl Acetate Price

The analysis of ethyl acetate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Ethyl Acetate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Ethyl Acetate Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of ethyl acetate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of ethyl acetate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of ethyl acetate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing ethyl acetate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Ethyl Acetate Market Analysis

The global ethyl acetate industry size reached US$ 5.8 Billion in 2023​. By 2032​, IMARC Group expects the market to reach US$ 10.3 Billion, at a projected CAGR of 6.50% during 2023-2032.

• The extensive use of ethyl acetate as a flavor enhancer in the food and beverage industry represents one of the key factors influencing the growth of the market across the globe. The application of ethyl acetate introducing flavors for dairy, confectionery, and bakery products is driving the market growth. For instance, in January 2024, IFF, a global leader in food and beverage, home and personal care, and health and Wellness, is stepping up its game in the world of plant-based meat alternatives. The company has invested in high moisture extrusion (HME) technology from Coperion, a global leader in extrusion technology.
• The increasing popularity of ethyl acetate as a key solvent in the production of coatings, paints, and inks is acting as a major growth-inducing factor in the market. The rising construction activities, coupled with the expanding automotive industry, where coatings and paints are in high demand, are propelling the market growth. For instance, In September 2023, PPG announced the completion of the expansion of its powder coatings plant in Sumare, Brazil. The $2.7 million (13 million Brazilian reals) project increased the production capacity of the facility by 40%.
• Strict environmental regulations pushing for the use of greener and safer chemicals are leading to a preference for ethyl acetate, which is aiding the market growth. This is primarily due to ethyl acetate being considered as a less toxic alternative to other solvents employed in industrial applications which is driving its demand.
• The expanding pharmaceutical industry, along with the increasing demand for ethyl acetate in the pharmaceutical industry as a solvent in the production and purification of drugs are contributing to the growth of the market. According to the National Center of Biotechnology Information, the consumption of over-the-counter drugs is high (78.9%), with higher consumption in subjects aged ≤ 25 years (85.5%), students (85.7%), and those with postgraduate degrees (86.7%). Of these medicines, analgesics are the most consumed medicines (49.1%).
• The rising innovations in the production process of ethyl acetate, aimed at reducing costs and improving yields, are making it more accessible and economically viable for a broader range of applications, which is further facilitating the growth of the market.

Ethyl Acetate News

The report covers the latest developments, updates, and trends impacting the global ethyl acetate industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in ethyl acetate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the ethyl acetate price trend.

Latest developments in the ethyl acetate industry:

• In March 2024, Eastman, a global specialty materials company, announced the commencement of operations at its new molecular recycling facility located in Kingsport, Tennessee. The plant has achieved on-spec initial production and has started generating revenue.
• In December 2023, Jiangsu SOPO Chemical announced it plans to invest in a vinyl acetate and EVA integrated project in the Zhenjiang New District New Materials Park with its wholly owned subsidiary SOPO Chemical New Materials as the main body. The total investment of the project is approximately 7.128 billion yuan, which will be divided into two parts. The first phase is a 3,30,000 tons/year vinyl acetate project, and the second phase is a 3,00,000 tons/year EVA project.

Product Description

Ethyl acetate refers to an organic compound highly known for its role in several industrial and laboratory applications. It is also chemically known as an ester, which is formed from the reaction between ethanol and acetic acid, a process known as esterification.

Ethyl acetate is a colorless liquid characterized by its distinctive, sweet smell, often likened to peers with its chemical formula of C4H8O2. It finds extensive use in the food and beverage industry as a flavoring agent due to its pleasant aroma.

Ethyl acetate is also highly valued in the manufacturing sector. It is used as a solvent in the production of coatings, paint, inks, and adhesives due to its excellent solvency properties and fast evaporation rate.

Ethyl acetate is also employed in the pharmaceutical industry for the purification and extraction of antibiotics and other medications. Its versatility, along with its relatively low toxicity as compared to other solvents, makes ethyl acetate a compound of significant industrial importance.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of ethyl acetate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting ethyl acetate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The ethyl acetate price charts ensure our clients remain at the forefront of the industry.