Ethyl Acetate- The Green Solvent
Updated: Nov 3
I have obtained the below data from the RHP of Laxmi Organics, I found it interesting. Will be adding more points here as and when I get to know any.
The global Ethyl Acetate market is expected to grow at a CAGR of more than 4.5% over the next decade in terms of volume. China is the largest exporter of the product, with EU and
North-East Asia being the key importing regions.
The other competitive solvents such as Toluene, MIBK, MEK, Acetone, Cyclohexane, etc. are getting replaced with the greener solvent Ethyl Acetate in the industrial applications.
This is predominantly due to the following:
• Faster evaporation of solvent helps in quick drying in end-use application
• Companies claim the bio-content of the raw material (Ethyl Acetate) from their manufacturing operations
• Eliminating the ‘dangerous substances’ tag from the product label of manufactured goods (where greener solvents like Ethyl Acetate is used)
• Less toxicity of Ethyl Acetate when exposed to humans; Acceptable allowance of ETAC in the human body is more than other solvents
• Optimum solubility in the solvent blends
The European regulation concerning the ‘Registration, Evaluation, Authorization and Restriction of Chemicals’ (REACH) has introduced restrictions on toluene with specific conditions. REACH is now affecting the import and usage of a wide range of chemicals in Europe.
Application of Ethyl Acetate:
Key capacities of Ethyl Acetate:
In India, Laxmi Organics is the largest manufacturer of Ethyl Acetate which is followed by Jubilant Ingrevia.
There has been a mixed effect of COVID-19 on the acetyl intermediates business. The industry has witnessed an increase in sales and growth in flexible packaging and aluminum foil segment used to package the food & beverages; this could be due to the consumer preference to hygienic food. The acetyls used in flexible packaging and aluminum foil segment include Ethyl acetate and other acetyl intermediate solvents. This has increased demand for Ethyl acetate during the COVID-19 times.
Another high growth segment includes pharmaceuticals where acetyls like ethyl acetate are used as solvents. Healthcare sector was in demand during COVID crisis, which impacted positively on the pharmaceutical segment. As a result, acetyl demand in API manufacturing and
bulk drugs formulation was seen higher. Other application: Used in end applications like water based paints, coatings, adhesives, sealants, elastomers, etc
The Indian Acetyl market has been dominated by domestic suppliers like Jubilant Ingrevia, Laxmi Organics, Godavari bio-refineries and GNFC; they hold strong positions in the domestic market and make up for majority of the market by volume.