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Ethyl Acetate
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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Assess Supplier Risk based on key risk and compliance parameters

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Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

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Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

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Benchmark your category performance against peers and the market

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Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Report Coverage

The report provides insights on the following:

  • Global Trade Dynamics
  • Supply–Demand Trends
  • Cost Structure Analysis
  • Exhaustive Supplier List
  • Information relating to market, supply, cost, and pricing analysis
  • Hard to find data on cost and TCO models, supplier details, and performance benchmarks
  • Macroeconomic and regional trends impacting cost, supply, and other market dynamics
  • Category-specific negotiation and sourcing advice

The global demand for ethyl acetate products is estimated to grow at a CAGR of 4.5 percent until 2022. Asia's ethyl acetate capacity is excessive, whereas Europe and North America are dependent on imports from Asia to cater to their domestic demand. The global supply of ethyl acetate is being driven by the demand for paints, coatings, and adhesives in the developing regions, such as China, India, LATAM, etc. 

The key demand drivers of the ethyl acetate market include end-use industry: paints &; coatings and adhesive industry. Opportunities: Demand from paints & coatings and adhesives in the emerging economies. Challenges: regulations on usage of solvents, matured downstream industries in Europe and North America. Since a considerable amount of demand volume is met through imports, coming from South Africa, China, and India, North American players prefer contract over spot pricing to ensure supply security, quality, and safeguarding themselves from the price fluctuations. Owing to less supply, Europe is highly import-driven, and any discrepancy in imports is likely to cause an impact on the ethyl acetate prices. Europe and North America rely mainly on imports. A total capacity of 283,000 MTPA is expected to come online by 2023 globally. With most of the additions planned in North America and Europe, import dependency of these regions is expected to reduce marginally.

Ethyl Acetate - Global Market Trends

  • The global demand for ethyl acetate was estimated at 4.75 MMT in 2018
  • Asia had a supply market share of 81.5 percent, followed by the EU with 6.9 percent and North America with 1.7 percent in 2018
  • Around 153,000 MT of ETAC was expected to come online by the end of 2018; and by the end of 2022, another 80,000 MT is expected to come online
  • Capacity–demand gap during 2017–2022 is expected to narrow down, as the capacity additions announced may not cater to the expected increase in demand
  • Increasing demand for paints and coatings and adhesives in the developing regions, like China, India, LATAM, etc., due to rising construction sector and increasing auto sales, is expected to drive the demand for ethyl acetate
  • India and China are expected to be the maximum demand-generating countries until 2021, mainly due to increasing auto sales and a growing construction sector
  • A capacity expansion of 100,000 MTPA from Ineos, UK was expected to come online by the end of 2017, coupled with an 80,000 MTPA capacity addition by Sanors. Russia is expected to come online by 2021

ethyl-acetate-global-market-size

  • North America is a net importer of ethyl acetate with Sasol (South Africa), Celanese (Mexico), and Rhodia (Brazil) being the three leading companies, which export ethyl acetate to North America.
  •  The APAC imported approx. 59 percent of ethyl acetate from Saudi Arabia, mainly from Saudi International Petrochemical Co.
  •  There is surplus capacity already available in the ethyl acetate market, and imports were at an all-time low in 2017.
  •  Ethyl acetate current price in the US are expected to rise by approx. 0–2 percent during the short term, supported by an anticipated rise in feedstock acetic acid and ethanol prices by around 0–2 percent and 0–2 percent, during the same period, respectively

Ethyl Acetate - Industry Best Practices

  • Large volume buyers usually prefer buying through contract across North America and Europe.
  • CPG players opt for contracts, as they require specific grades, which only a few manufacturers can produce

Why should you Buy this Report

The report also provides a detailed discussion of the market outlook in regions such as North America, Europe, and the APAC. It explores global trade dynamics, imports & exports, and industrial analysis of the global ethyl acetate market. This includes Porter's five forces analysis for different regions and is followed by an overview of industry drivers and constraints. The report also explores the latest industry trends and events, along with supplier profiles and pricing analysis.

The report gives a cost structure and ethyl acetate price trend analysis. It lists out the key suppliers and gives SWOT analysis of players like Jiangsu Sopo (Group) Co., Ltd., Shanghai Huayi Acrylic Acid Co., Ltd., etc.

Methodology for writing this Report

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE. 

Table of contents

  1. Ethyl Acetate Executive Summary
  2. Market Snapshot
  3. Supply Market Outlook
  4. Demand Market Outlook
  5. Industry Best Practices
  6. COVID Impact
  1. Ethyl Acetate Market Analysis
  2. Global Market Outlook
  3. - Current Market Size
  4. - Demand - Supply Trends and Forecast
  5. - Key End - use Industries
  6. - Trade Dynamics
  7. Regional Market Outlook (North America, Europe, and APAC)
  8. - Current Market Size
  9. - Demand - Supply Trends and Forecast
  10. - Trade Dynamics
  1. Ethyl Acetate Industry Analysis
  2. Industry Outlook (North America, Europe, and APAC)
  3. - Drivers and Constraints for the Industry
  4. - Mergers and Acquisitions (M&As)
  5. - Innovations
  6. - Porter's Five Forces Analysis
  1. Cost and Price Analysis (North America, Europe, and APAC)
  2. - Cost Structure Analysis
  3. - Price Forecast

 

  1. COVID Impact
  2. Sourcing Location Watch
  3. Supplier Watch
  4. Industry Watch

 

  1. Ethyl Acetate Supplier Performance Assessment
  2. Key Performance Indicators and Service Level Agreements

 

  1. Ethyl Acetate Industry Best Practices
  2. Ethyl Acetate Industry Best Practices: Sourcing Model and Length of Contracts
  3. Ethyl Acetate Industry Best Practices: Negotiation Levers
  4. Pros and Cons of Contract vs. Spot

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Impact on CPG

  • CPG buyers are small volume buyers for ethyl acetate manufacturers compared with paints and coatings and adhesive buyers 
  • CPG players in North America and Europe have fewer options, due to the presence of only a few players
  • The buyers have less leverage during contract negotiations and have to contend with high  ethyl acetate prices and supply unavailability during tight supply situations

ethyl acetate market

Global Capacity - Demand Analysis

  • The excess supply in Asia is exported to North America and Europe
  • More capacity additions/expansions are required, then the current announcements to avoid the reduction in capacity–demand gap

Market Outlook

  • At a global level, there is excess capacity, however, this excess capacity is concentrated in Asia
  • Europe and North America are currently relying on imports from Asia, due to insufficient domestic capacity
  • Huge capacity additions in China and India, before 2010, led to excess capacity in APAC. Saudi Arabia's Saudi International Petrochemical (Sipchem) capacity addition in 2013 further increased the capacity in APAC
  • These capacity additions are lesser than the expected increase in demand during 2018 – 2022

Engagement Outlook

  • Low volume buyers in North America and Europe are recommended to have long-term contracts, with ethyl acetate manufacturers for supply security
  • In Asia, with surplus capacity in the market, buyers can opt for a spot/contract mix, with more preference to the spot

Ethyl Acetate Market Frequently Asked Questions

  1. What’s the expected growth of ethyl acetate market size in the coming years?
  2. As per Beroe’s Inc. report, the global demand for ethyl acetate products is expected to grow at a CAGR of 4.5 percent by 2022. Asia holds the largest ethyl acetate market size/share with around 81.5 percent, followed by EU at 6.9 percent, and North America with 1.7 percent.

 

  1. Which are the most popular trends of the ethyl acetate market?
  2. The key trends to watch out for in the ethyl acetate market are:
    -- The capacity-demand gap is expected to narrow down as the capacity additions may not cater to the expected increase in demand
    -- The rise in the construction sector and increase in auto sales is increasing the demand for paints, coatings, and adhesives in developing regions, like China, India, LATAM, etc. which will further drive the demand for ethyl acetate.
    -- India and China would remain the maximum demand-generating countries until 2021 due to a considerable increase in auto sales and growth in the construction sector.

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