As the novel COVID-19 continues to spread across the world, with international turbulence and exchange rate fluctuations; The global trading quantity of ethyl acetate varies greatly. With the progress and development of the global economy, the demand for ethyl acetate in the industry is constantly rising in the world. Since 2022, the demand for ethyl acetate has increased by 12% in the global market, and the price of ethyl acetate fluctuates significantly.
Ethyl acetate, also known as EAC, is an important chemical with a wide range of applications. Ethyl acetate has excellent solubility and fast drying. Ethyl Acetate can be used as a solvent in industries, such as coatings, artificial leather, linoleum, adhesives, and so on. EAC can also be used as an extractant to extract flavors from fruits such as strawberries, bananas, and pineapples. In addition, Ethyl acetate can also be used as a spice raw material for cream and whisky, so ethyl acetate is very widely used and is an important raw material in current industrial production. The global demand for ethyl acetate is strong in the global chemical market.
Ethyl acetate is also widely used in architectural paints and coatings, and the strong growth in the construction industry in the Asia-Pacific region has also driven the development of demand for ethyl acetate. More than three-quarters of the world's ethyl acetate is produced in China, Japan, Taiwan and India, and so on. Due to COVID-19, the plant operating rate has declined, and ethyl acetate is becoming less and less available on the market. Therefore, the price of ethyl acetate has also risen. China is a large exporter of ethyl acetate, and the China ethyl acetate suppliers' price is relatively low.
International dynamics, and exchange rate changes led to weak demand for ethyl acetate in the first quarter of 2022. However, as temperatures rise and the construction industry gradually recovers, regional demand for ethyl acetate rises in Northeast and South Asia. Most importers are cautious about ethyl acetate. Due to the gradual opening up of some countries, the demand for ethyl acetate in the flexible packaging industry, including packaging films, packaging bags, etc., remains healthy.
Batong Chemical is a China ethyl acetate exporter, and the export quantity of ethyl acetate is large. As a supplier of ethyl acetate in China, Batong Chemical can sell ethyl acetate at wholesale price. If you're looking for a wholesale ethyl acetate supplier, Batong chemical group is the best partner.
