Acrylic Acid Prices, Demand, News, Chart and Forecast
Acrylic Acid Prices In USA
- United States: 1470 USD/MT
The price of acrylic acid in the USA for Q4 2023 was 1470 USD/MT
The latest report by IMARC Group, titled "Acrylic Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of the Acrylic Acid Prices. This report delves into the price of Acrylic Acid globally, presenting a detailed analysis, along with informative Price Chart. Through comprehensive Price analysis, the report sheds light on the key factors influencing these trend. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Demand, analyzing how it impacts Industry dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Acrylic Acid Prices Analysis
- Mexico: 1520 USD/MT
- Japan: 921 USD/MT
- Saudi Arabia: 845 USD/MT
- Brazil: 1530 USD/MT
Report Offering:
- Monthly Updates - Annual Subscription
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The study delves into the factors affecting Acrylic Acid price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/acrylic-acid-pricing-report/requestsample
Acrylic Acid Price Trend- Last Quarter
The growth of the acrylic acid market is driven by expanding applications across various industries, including adhesives, paints and coatings, textiles, and personal care products. Increasing urbanization and industrialization globally are boosting the demand for acrylic acid, particularly in emerging economies where construction and infrastructure development are accelerating.
The rise in disposable income and changing consumer lifestyles are also contributing to market growth, as there is a greater demand for products like superabsorbent polymers (SAPs), which are widely used in personal care items such as diapers and hygiene products. Key drivers of the market include the strong demand for acrylic acid derivatives like acrylate esters and SAPs.
Acrylate esters are essential in manufacturing adhesives and sealants, which are in high demand in the construction and automotive industries due to their superior bonding properties and durability. The increasing adoption of SAPs in agricultural applications to enhance water retention in soils is also contributing to market expansion.
Acrylic Acid Industry Analysis
In second quarter of 2024, the North American market faced a steady decline in prices due to multiple influencing factors that combined to create a bearish market environment. While markets saw rising prices of propylene and crude oil, leading to higher production costs, this did not translate into higher prices. Instead, the market was overshadowed by substantial inventory levels and weakened interest from critical end use industries, including coatings and construction.
The excess supply, coupled with reduced consumption, resulted in a significant drop in acrylic acid prices. Besides, in the second quarter of 2024, the APAC region saw a rise in prices. This upward trend was shaped by a combination of several critical factors. A major influence was the significant increase in prices for feedstock propylene, which pushed up production costs. The market also benefited from higher demand in key downstream sectors such as coatings and paints, which bolstered prices. Additionally, rising energy costs added to the overall expense of acrylic acid production, driving up prices.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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