Ethyl Acetate Market Analysis, Historical | Provided by Procurement Resource

Posted on 11 January, 2023 by Endru Smith

Request for Real Time Ethyl Acetate Prices: https://www.procurementresource.com/resource-center/ethyl-acetate-price-trends/pricerequest

Ethyl acetate is a carboxylate ester, which is a clear liquid without any colour. It is sweet and has a fruity aroma. The polar aprotic solvent is ethyl acetate.

Due to the two highly electronegative oxygen atoms on the carbonyl and ethyl groups, it has two dipole moments. In a laboratory, ethyl acetate is used as an all-purpose solvent in the process of thin-layer and column chromatography. It is particularly useful for paints, varnishes, lacquers, cleaning, and perfumes. The chemical formula of Ethyl Acetate is CH3COOC2H5, and its molecular weight is 88.11 g/mol. Ethyl acetate is also referred to as Ethyl Ethanoate and Acetic Acid Ethyl Ester.

The leading exporting countries in the market of ethyl acetate are China, Mexico, the United Kingdom, and Belgium. On the other hand, Japan, Italy, Indonesia, and Germany are the top importing countries.

Key Details About the Ethyl Acetate Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the ethyl acetate price, sunflower seed price and kerosene price etc. in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The ethyl acetate price chart, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Ethyl Acetate Price Trend:

The product finds widespread use in a variety of industries, such as the automotive industry, where ethyl acetate solvents are used in car care products, driving the industry's growth.

They are also employed in the pharmaceutical business for chromatographic separation. Additionally, they are used to enhance the flavour of foods and beverages, increasing the demand for the product. Its primary application is as a flavour enhancer in a variety of foods and beverages, including coffee, tea, and confections. It is used as a flavouring for gum, baked goods, candies, and other products. Solvent extraction has a variety of applications in the pharmaceutical industry due to its versatility and ability to treat heat-sensitive compounds.

Other than that, it is also utilised as a critical component in the leather industry, such as leather purses, belts, and wallets.

Key Market Players:

• Solvay S.A,
• Merck KGaA,
• Jiangsu Sopo Corporation (Group) Ltd,
• Celanese Corporation

News and Events:

• March 2021: Celanese Corporation announced that its Clear Lake, Texas, chemical production facility would start using recycled carbon dioxide (CO2) as a substitute feedstock in the production of methanol, a crucial raw material in the production of numerous acetyl products like ethyl acetate, vinyl acetate monomer (VAM), acetic acid, and other derivatives.
• February 2021: Sahara International Petrochemical (Sipchem) restarted its ethyl acetate unit, sipshem Chemicals (SCC), following a planned turnaround. The new factory will support the organisation to enhance its ethyl acetate manufacturing capability.

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