As of the second week of December 2024, the Ethyl Acetate market in the US is showing signs of recovery, with demand dynamics in regions like Asia and Europe fluctuating due to varying economic conditions. Ethyl Acetate prices have been on a steady rise, driven by increased Ethyl Acetate raw material Acetic Acid costs and restocking efforts in downstream industries, particularly in sectors like paints, coatings, and construction.

The slowdown in new orders for Ethyl Acetate has eased, and stronger market confidence has encouraged firms to expand their workforce. However, output continues to be limited, with input cost inflation slowing to its lowest rate in a year. At the same time, output prices have slightly increased. Optimism for the year ahead has reached its highest point in two and a half years, fuelled by reduced uncertainty post-election and expectations of stronger economic growth and greater protectionism under the new Trump administration

In Europe and North America, Ethyl Acetate price stability has been observed, but concerns over inventory levels persist, especially as rising raw material costs have affected production. Analysts remain cautiously optimistic about the market outlook for late 2024, expecting gradual price increases as supply chain conditions stabilize and demand recovers, particularly in sectors impacted by previous economic slowdowns. Nevertheless, geopolitical tensions and inflation remain risks that could impact the pace of recovery into 2025.

Demand from the Ethyl Acetate downstream paints and coatings sector, which is heavily involved in the construction industry, has shown signs of improvement. The US Housing Market Index rose in November to its highest level in seven months, surpassing the October figure. This increase reflects growing optimism among builders, who expect better market conditions following the Republican victories in both the White House and Congress. With the elections now behind them, builders are more confident that Republican control in Washington will lead to significant regulatory relief, fostering the construction of more homes and apartments. The current sales conditions gauge saw an uptick, while sales expectations for the next six months surged. Additionally, the gauge tracking prospective buyer traffic increased, and builders reduced home prices slightly in November, compared to October, with the average price reduction slightly lower than in the previous month.

According to the ChemAnalyst Database, Ethyl Acetate prices are projected to rise in 2025, largely driven by higher Acetic Acid prices. Demand from the Ethyl Acetate downstream construction industry is expected to increase, further driving inquiries. The European Ethyl Acetate market is also anticipated to see upward price trends. Furthermore, interest rate cuts in the US are likely to boost builders' confidence, which could lead to positive market sentiment for Ethyl Acetate in 2025.