Ethyl acetate prices have recently continued their weak and volatile trend, mainly due to supply and demand imbalances and declining raw material acetic acid prices.
Domestic ethyl acetate production capacity is planned to increase by 480,000 tons by 2025, bringing the total capacity to over 4.7 million tons. However, the capacity utilization rate is only 55.8%, indicating a significant oversupply. The main consumption areas are coatings (36%), pharmaceuticals (28%), and adhesives (21%). Environmental policies are driving demand growth for low-VOC coatings, while the pharmaceutical industry is steadily increasing its demand for high-purity ethyl acetate.
Affected by adjustments in the real estate sector, the recovery momentum in demand from traditional sectors such as coatings is insufficient. Coupled with the addition of new capacity, ethyl acetate prices are expected to continue their weak and volatile trend.
