Ethyl Acetate price November 2023 and outlook (see chart below)
- North America:US$1.21/KG, 3.4% up
- Europe:US$0.96/KG, 3.2% up
- Africa:US$0.92/KG, 4.5% up
- Northeast Asia:US$0.85/KG, -6.6% down
- South America:US$1.19/KG, 4.4% up
- Middle East:US$0.86/KG, 2.4% up
- India:US$1.02/KG, 2% up
Business Analytiq assumes no responsibility or liability for any errors or omissions in the content of this site. The information contained in this site is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness, fitness for purpose or timeliness.
Ethyl Acetate Price Index
This post is a summary of the Ethyl Acetate price developments. The price developments of Ethyl Acetate are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Ethyl Acetate price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for Ethyl Acetate prices, on the second tab, is generated from different inputs including:
- Very recent price developments of immediate cost drivers of Ethyl Acetate prices
- Recent price developments of underlying feedstocks which drive the price of Ethyl Acetate
- Market futures for both cost drives and feedstocks of Ethyl Acetate prices
- Adjustment of current supply/demand imbalances in the Ethyl Acetate market
- Longer term trends in likely demand conditions
Further information on the Ethyl Acetate price chart
What is Ethyl Acetate
Ethyl acetate is an ester with the chemical formula CH3COOCH2CH3. It is a colorless liquid with a sweet, fruity aroma and is used as a solvent for a wide variety of materials, including plastics, resins, cellulose acetate, and essential oils. It is also used as a flavor and fragrance ingredient in food and drinks, and as a decaffeinating agent for coffee and tea. Ethyl acetate is produced by the fermentation of ethanol and is commonly synthesized by the reaction of ethanol and acetic acid.
How is Ethyl acetate produced
Ethyl acetate is produced by the fermentation of ethanol, which is converted into acetic acid by acetobacter bacteria. The acetic acid is then esterified with ethanol to produce ethyl acetate and water. This process is known as esterification.
Ethyl acetate can also be synthesized by the reaction of ethanol and acetic acid in the presence of an acid catalyst, such as sulfuric acid or hydrochloric acid. The reaction produces ethyl acetate and water, and is known as the Fischer esterification process.
In general, the production of ethyl acetate involves the following steps:
Preparation of raw materials
Ethanol and acetic acid are obtained from the fermentation of plant materials or through chemical synthesis.
The acetic acid and ethanol are mixed together and heated in the presence of a catalyst to produce ethyl acetate and water.
The ethyl acetate is separated from the water and other byproducts by distillation or extraction.
The purified ethyl acetate is treated with activated carbon to remove any impurities or odors.
The refined ethyl acetate is transferred to containers for storage and transportation.
What is Ethyl acetate used for
Ethyl acetate is a versatile solvent that is used in a wide range of applications. Some common uses for ethyl acetate include:
Solvent for coatings, paints, and inks
Ethyl acetate is used as a solvent for many types of coatings, including automotive, industrial, and architectural coatings. It is also used in the production of paints, inks, and adhesives.
Ethyl acetate is used to extract oils, flavors, and fragrances from plant materials. It is commonly used in the production of essential oils and perfumes.
Ethyl acetate is used to decaffeinate coffee and tea by extracting caffeine from the beans or leaves.
Flavor and fragrance ingredient
Ethyl acetate is used as a flavor and fragrance ingredient in food and drinks. It imparts a sweet, fruity aroma to products.
Ethyl acetate is used as a cleaning agent in the electronics and semiconductor industries. It is effective at removing contaminants and residues from surfaces.
Solvent for plastics and resins
Ethyl acetate is used as a solvent for many types of plastics and resins, including cellulose acetate, which is used to make films and fibers.
Ethyl acetate is used as a solvent and reagent in the laboratory for the synthesis and purification of chemicals.
What are the major countries producing Ethyl acetate
Ethyl acetate is produced in many countries around the world. Some of the major producers of ethyl acetate include:
China is the largest producer of ethyl acetate, with an annual production capacity of over 1 million tons.
The United States is the second-largest producer of ethyl acetate, with an annual production capacity of about 500,000 tons.
India is the third-largest producer of ethyl acetate, with an annual production capacity of around 400,000 tons.
Germany is a major producer of ethyl acetate, with an annual production capacity of approximately 300,000 tons.
Russia is also a significant producer of ethyl acetate, with an annual production capacity of around 200,000 tons.
Brazil is a major producer of ethyl acetate, with an annual production capacity of around 150,000 tons.
France is also a significant producer of ethyl acetate, with an annual production capacity of around 100,000 tons.
South Korea is a major producer of ethyl acetate, with an annual production capacity of around 80,000 tons.
What types of Ethyl acetate are there
There are several types of ethyl acetate, which differ in terms of their purity and the presence of impurities or additives. Some common types of ethyl acetate include:
Technical grade ethyl acetate
Technical grade ethyl acetate is a lower-purity form of ethyl acetate that is used as a solvent in a variety of industrial applications. It may contain impurities and may not meet the purity standards for food or pharmaceutical use.
Food grade ethyl acetate
Food grade ethyl acetate is a higher-purity form of ethyl acetate that is suitable for use in food and beverages. It meets the purity standards set by regulatory agencies for use in food and drinks.
Pharmaceutical grade ethyl acetate
Pharmaceutical grade ethyl acetate is an ultra-pure form of ethyl acetate that meets the purity standards set by regulatory agencies for use in pharmaceuticals. It is used as a solvent in the production of medications and other healthcare products.
Synthetic ethyl acetate
Synthetic ethyl acetate is produced through chemical synthesis rather than fermentation. It may be of a higher purity than fermented ethyl acetate and may be used in applications that require a very pure solvent.
Blended ethyl acetate
Blended ethyl acetate is a mixture of ethyl acetate with one or more other solvents. It may be used in a variety of applications depending on the specific blend of solvents.
How big is the Ethyl acetate market
The ethyl acetate market is a significant and growing industry, with a global demand of over 4 million tons per year. The market is driven by the increasing demand for coatings, paints, inks, and adhesives, as well as the growing demand for food and beverage products and pharmaceuticals.
Ethyl acetate is used in a wide range of applications, including coatings, paints, inks, adhesives, food and beverage products, pharmaceuticals, and cleaning agents. It is also used as a solvent in the production of plastics, resins, and fibers. The demand for these products is expected to continue to grow, driving the demand for ethyl acetate.
The ethyl acetate market is highly competitive, with a large number of companies operating in the industry. The major players in the market include China National Chemical Corporation, The Dow Chemical Company, INEOS, LG Chem, and Sibur. These companies have significant production capacity and hold a large share of the global market.
According to https://oec.world/ :
Ethyl acetate are the world’s 1762nd most traded product.
BE THE FIRST TO SEE RISK AND OPPORTUNITY!
BusinessAnalytiq provides unlimited market trend data and an online tools to track market developments, key benchmarks & leading indicators.
BusinessAnalytiq leads to price visibility, better negotiations, easier budgeting and forecasting, lower raw material prices, and improved better internal and external communication. BusinessAnalytiq will decrease risk and higher profit.
Where does the data come from?
- The source of the data are exclusively public non-confidential sources
- This the index trend of the price trend of the "product category" in general, and not a single specification of the product in particular
- The data is a combination of contract and spot pricing
- Our algorithms are set up to eliminate significant product mix impact on the reported price
- We combine public publications, import/export records, trading prices, company announcements, magazine articles, tweets, and other sources of ad-hoc public information.
- The chart shows the our best approximation of the market trend based on our algorithm interpretation of the signals
- For most indexes we have multiple sources and we focus on using statistically-correlated sources
- We will update the data trend as more information becomes available, and this means that recent trends will always be adjusted as we get more data available
- We will constantly revise our understanding of market trends, and indicated market trends may change
- The data is presented in US$. The UOM of measure is shown in the Index list table
- We do our best to create an accurate representation of the trend
Where does the data NOT come from?
- We do not purchase data from any other source and republish it.
- We will not purchase data from any other source and republish it
- We do not extrapolate trends, even for the forecast. We look for other market signals and leading indicators
What does the quality indication in the main menu mean?
- Quality level A: Data is from a reliable and confirmed source
- Quality level B: Data is from multiple credible sources and there are no major statistical inconsistencies between them
- Quality level C: Data is from multiple credible sources and there are some statistical inconsistencies between them
- Quality level D: Data is from a single credible source, but we cannot verify the data
- Quality level E: Data is either:
- From a single source, which we consider reliable, but we cannot verify the data.
- From 2 or more sources which have some periods of contradicting trends.
- Quality level F: Data is from a single source which we consider indicatively correct, but the data is anecdotal and we cannot verify the data.
What does the data intend to show?
- The price trend we show is intended to represent the locally manufactured prices, or local FOB prices.
- It is possible that product is imported in from other countries at a lower, or higher, price than shown.
- For example:
- The USA price for TiO2 is US$3,000/MT
- The China price for TiO2 is US$2,100/MT
- If a USA company buys TiO2 from China, their CIF price may be US$2,350/MT
- Our reporting is intended to show the US$3,000/MT, and the the US$2,100/MT but not the US$2,350/MT
What data should our company use?
- If you are making decisions driving significant share of profit, we always recommend that you buy data from the companies who invest in direct market access such as ICIS, amongst many others
- Our data, at best, represents an estimate of the market trend based on public information
- We have no direct access to the market, and we do not interview suppliers and customers
- Our analysis tools in the online software are set up to combine our data with other sources of data
What are the disclaimers?
- We assume no responsibility or liability for any errors or omissions in the content of this site.
- The information is provided on an “as is” basis with no guarantee of completeness, accuracy, usefulness, fitness for purpose or timeliness.
- By their nature, outlooks are always uncertain
How often do we update the data?
- We aim to update the data series on the 9th and 24th of each month (but we do not always make it for each chart)
- The data for the current month and recent history are fine-tuned over time.
What are we doing to improve the data?
- We are continually improving our data collection and processing methods
- Pricing data will be updated from time to time as we improve the accuracy
- We will improve our price trend algorithm before December 31, 2023.
- There will be continuous fine-tuning of the trend and forecast algorithm until end of December 2023.
- As part of that process, we will add many additional indexes in the final quarter of 2023
How can i give feedback on the data or request for new indexes
- Feel free to contact us if you have a specific request. You can reach us via the Contact us page
- The service is funding by advertising, so our apologies for the distraction of the advertisements.