During the specified period, the Asian Ethyl Acetate market witnessed mixed price trends with an initial rise in the first quarter driven by heightened demands during the Chinese New Year, but subsequently experienced a steady decline as inventory levels met the waning demands. In Europe, Ethyl Acetate prices started well but fell by mid-Q1 and continued decreasing until the end of Q2, attributed to reduced offtakes and lowered upstream costs. Conversely, the North American market showed strong performance as prices steadily rose in both quarters, fueled by demand from coating and adhesive industries and supported by inventory fluctuations and the industrial maintenance season.
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Definition
Ethyl Acetate is a chemical compound with the formula CH3COOC2H5. It is a colorless, sweet-smelling liquid used in various industries as a solvent, primarily in paints, coatings, and adhesives. Ethyl Acetate is also found naturally in fruits and contributes to their characteristic fruity aroma. Due to its low toxicity and pleasant scent, it is commonly utilized in flavorings and fragrances as well.
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 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, including India Ethyl Acetate price, USA Ethyl Acetate price, 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 the Ethyl Acetate Price Trend:
Ethyl Acetate finds key industrial uses as a solvent in various applications. It is widely employed in the paint and coating industry for its ability to dissolve resins and create smooth and even finishes. Additionally, Ethyl Acetate is utilized as a solvent in the production of adhesives, providing effective bonding properties. Its low toxicity and pleasant odor make it suitable for use in the food and fragrance industries, where it is employed in flavorings and perfumes to enhance sensory characteristics.
Key Players:
- Solvay S.A
- Merck KGaA
- Jiangsu Sopo Corporation (Group) Ltd
- Celanese Corporation
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