Ethyl Acetate Market Intelligence

Ethyl Acetate Market Overview

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

• 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.