Acrylic Acid Price Trend

Acrylic Acid Prices December 2023

The price of acrylic acid in the USA for Q4 2023 was 1470 USD/MT. It was influenced by several factors, including strong demand from downstream paints and coating enterprises which increased consumption of acrylic acid and low supplies of insufficient inventories.

The price trend for acrylic acid in Mexico experienced significant increasing of 6.02% during the Q4 2023, reaching 1520 USD/MT. This was majorly driven by the increase in demand from various downstream sectors and also the higher prices of polypropylene.

The price trend for acrylic acid in Japan experienced maximum changes, reaching 921 USD/MT, with a decline of 3.13% from the previous quarter. This caused a disrupted supply chain and an imbalanced supply and demand scenario in the country.

In Saudi Arabia, acrylic acid prices experienced a decline, reaching 845 USD/MT. The country experienced a high supply of the commodity in the domestic market, along with the slowing of trading activities among various significant manufacturing units. 

Brazil’s acrylic acid prices were affected by limited supply of the commodity due to the occurrence of severe thunderstorms and floods. The Q4 2023 acrylic acid price was 1530 USD/MT.

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 current price of acrylic acid but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into 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

European acrylic acid prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

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

North America Acrylic Acid Price

In North America, the acrylic acid market has witnessed a bullish trend due to heightened demand from several downstream paints and coating businesses. The heightened consumption also led to low supplies of raw materials and insufficient inventories, propelling suppliers to increase their quotations and their profit margins as well. Moreover, the prices of raw materials like polypropylene, which are used to produce acrylic acid is responsible for driving up the costs.

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

Middle East and Africa Acrylic Acid Price

The acrylic acid market in the Middle East and Africa (MEA) region showcased a bearish sentiment owing to weaker demand fundamentals from downstream businesses. It has led to a decline in prices throughout the region. Apart from this, the heightened supply of acrylic acid and its feedstocks like propylene further contributed to the decrement in prices. The high supply of the commodity in the domestic market is also responsible for decreasing the prices of acrylic acid in the region.

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

Asia Pacific Acrylic Acid Price

The acrylic acid pricing in the Asia Pacific region showed a bearish trend due to well-balanced supply and demand scenario and the presence of sufficient inventories. Moreover, the market witnessed limited usage of inventory with lower market fundamentals, leading to a decrement in the price trend. Apart from this, the shutting down of one of the major plants undertaken by China National Offshore Oil Corporation resulted in a decrease of 11667 tons of acrylic acid production capacity in the region.

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

Latin America Acrylic Acid Price

The analysis of acrylic acid prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region. The limited supply of the commodity caused by the increase in prices of upstream feedstock polypropylene, along with the strong demand for acrylic acid from downstream paints and coatings business, led to an increase in prices in the region.

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.