Acrylic Acid Prices

Acrylic Acid Prices December 2023

The acrylic acid prices in the USA for Q4 2023 reached 1470 USD/MT in December, due to robust requirements from the paints and coatings industry and tight supply levels. The increased cost of Propylene, a key raw material, also contributed to higher prices, reflecting a market with strong demand and limited supply. This trend led suppliers to adjust prices upward to manage profits.

The market prices in Brazil rose to 1520 USD/MT in Q4 2023, influenced by insufficient supply caused by strong requirements from the coatings and paints sectors and severe weather disruptions. Rising propylene prices and a stronger Brazilian Real also contributed to the increase, leading to a bullish market environment marked by higher prices and constrained supply.

The Japanese market saw a decline in the fourth quarter due to an oversupply and weak market fundamentals. A disrupted supply chain and balanced supply-demand conditions resulted in prices dropping to 921 USD/MT in December. The bearish trend was marked by significant decreases in prices, influenced by reduced demand and ample inventory levels, reflecting a subdued market environment.

Saudi Arabia experienced a significant fall in acrylic acid prices during Q4 2023, concluding at 845 USD/MT in December due to an oversupply and low demand from downstream sectors. High availability of the product and subdued trading activities among manufacturers played a role in driving down this price, indicating a bearish market trend driven by an imbalance between supply and demand.

Acrylic acid prices in Mexico increased to 1530 USD/MT in the fourth quarter, driven by heightened requirements from downstream sectors and rising propylene costs. The devaluation of the Mexican Peso against the US Dollar further pushed prices up. Despite no plant shutdowns, the market remained tight, reflecting higher consumption and limited inventory levels, prompting suppliers to raise quotations.

Acrylic Acid Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Acrylic Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of acrylic acid pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of acrylic acid at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of acrylic acid price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing acrylic acid price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Acrylic Acid Market Analysis

The global acrylic acid market size reached US$ 14.3 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 21.6 Billion, at a projected CAGR of 4.70% during 2023-2032.

• Acrylic acid behaves as a crucial building block in the creation of a wide array of industrial and consumer items. The increasing employment of acrylic acid in the production of acrylic esters and resins, which are important components in coatings and adhesives, is impelling the growth of the market. Coatings and adhesives are widely adopted in the automotive sector to enhance the overall appearance of vehicles. According to International Energy Agency (IEA) electric car market growth exceeded 10 million in 2023 and will continue strongly through 2023.
• The rising integration of acrylic acid for the manufacturing of detergent intermediate is propelling the market growth. With the increasing hygiene consciousness among the masses, the demand for detergents and cleaning solutions is growing. People are becoming aware about the harmful impacts of germs on their health. As a result, they are investing in various effective detergents to clean their fabrics. On the basis of the global liquid detergent market report presented by IMARC Group, the market size is expected to grow US$ 54.3 Billion by 2032, exhibiting a growth rate (CAGR) of 5.5% during 2024-2032.
• Moreover, the rising awareness about the beneficial aspect of maintaining proper water treatment processes is driving the demand for effective water treatment chemicals. Acrylic acid polymers like polyacrylic acid are often used to manufacture a wide range of water treatment chemicals as it has an excellent dispersing effect on calcium phosphonate and iron oxide in water bodies. Based on the information provided by the United Nations Environment Program (UNEP), globally, over 3 billion people are at risk of disease as the water condition of their rivers, lakes, and groundwater is not known due to a lack of data. This is further encouraging governments to deploy effective water treatment methods and provide clean water to the citizens.

Acrylic Acid News

The report covers the latest developments, updates, and trends impacting the global acrylic acid market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in acrylic acid production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the acrylic acid price trend.

Latest developments in the acrylic acid industry:

• March 2023: BASF SE announced the opening of a new production complex at its Verbund site in Zhanjiang, China. The plant will start production facilities in 2025 and will serve the fast-growing acrylic acid value chain in China and Asia Pacific.
• November 2022: Arkema launched a new range of bio-attributed acrylic monomers and specialty acrylic additives and resins, which are certified under the International Sustainability and Carbon Certification-PLUS (ISCC+) framework.

Product Description

Acrylic acid is a colorless liquid chemical compound with a characteristic odor. It polymerizes to create homopolymers and can be copolymerized with their esters and various other vinyl monomers.

It is a crucial compound in the chemical industry and is majorly employed in the production of several types of polymers and other chemical compounds and components. It is widely adopted to produce coatings, adhesives, sealants, and super absorbent polymers used in various types of hygiene products. It is also employed in the formulation of several sorts of binders, thickeners, and finishing agents used in the textile industry to enhance the properties of fabrics like wrinkle resistance, softness, and color. It is a crucial additive in the production of polyacrylic acid, which is needed as dispersants, scale inhibitors, and flocculants for conducting water treatment processes.

Regional Coverage

The report provides a detailed analysis of the acrylic acid market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast, and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the acrylic acid price trend.

Global Acrylic Acid Price

The report offers a holistic view of the global acrylic acid pricing trends in the form of acrylic acid price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into acrylic acid historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into acrylic acid price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed acrylic acid demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Acrylic Acid Price

Europe experienced a bullish trend in Q4 2023, largely driven by heightened requirements from downstream industries and reduced supply from existing inventories. The surged demand could not be met fully due to constrained supply, prompting increased trading and production activities. Rising propylene prices, an essential input, also contributed to the price hikes. France saw the most notable price increase due to the disparity between supply and demand and logistics challenges. The overall market environment was marked by higher prices, driven by increased consumption, reduced supply, and escalating production costs, contributing to the strong market performance in the region.

This analysis can be extended to include detailed acrylic acid price information for a comprehensive list of countries.

North America Acrylic Acid Price

During Q4 2023, the market prices in North America rose, spurred by robust requirements from downstream sectors like coatings and paints, leading to greater consumption and lower inventories. This scarcity prompted suppliers to boost prices to improve profit margins. Moreover, the rising costs of Propylene, a crucial raw material for acrylic acid production, added upward pressure on prices. The market's bullish trend was further influenced by the consistent demand and limited availability of Acrylic Acid, driving suppliers to adjust their pricing strategies to capitalize on the situation. The combination of high demand, poor supply, and hiked raw material costs shaped the price movements in the region.

Specific acrylic acid historical data within the United States and Canada can also be provided.

Middle East and Africa Acrylic Acid Price

During the last quarter of 2023, the MEA market faced downward pressure on prices, primarily spurred by low requirements from the coatings and paints sectors and excess acrylic acid as well as propylene, its feedstock. Saudi Arabia, in particular, saw a notable drop in prices, influenced by elevated supply levels and subdued trading activities. The lack of factory shutdowns further contributed to the oversupply situation, exacerbating the price decline. The market remained bearish throughout the quarter, with substantial decreases in prices compared to both last quarter and last year, reflecting weak regional demand and ample supply.

In addition to region-wise data, information on acrylic acid prices for countries can also be provided.

Asia Pacific Acrylic Acid Price

During Q4 2023, in the Asia Pacific region, adequate supply matched by steady demand resulted in balanced market conditions. Inventory levels were sufficient, resulting in limited consumption and a downward pressure on prices. Japan, specifically, saw a drop in prices as a result of disrupted logistics activities and a mismatch in supply and demand. The market remained subdued as prices fell, reflecting the overall negative sentiment in the region. The price trend showed significant decreases, driven by these factors, particularly in Japan, where market fundamentals weakened.

This acrylic acid price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Acrylic Acid Price

The South American acrylic acid market in Q4 2023, especially in Brazil, was affected by several factors leading to a rise in prices. Severe weather conditions, including flooding and thunderstorms, interrupted transport activities and limited the availability of acrylic acid, causing inventories to drop. Despite these supply challenges, the steady need from the paint and coating sector contributed to higher prices. Moreover, increased costs for propylene, the primary raw material, and currency fluctuations further supported the upward trend in prices. Overall, the market saw a bullish trend as demand outpaced supply amidst challenging conditions, driving prices higher through the end of the quarter.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of acrylic acid pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting acrylic acid price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The acrylic acid price charts ensure our clients remain at the forefront of the industry.