Product
Ethyl Acrylate Price Trend and Forecast
Ethyl Acrylate Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Ethyl Acrylate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Ethyl Acrylate Price Trend for H1 of 2023
Asia
In the Asia-Pacific region, ethyl acrylate prices dipped during the period. This fall in the prices was attributed to the declining demand and excess availability of the product in the market. The falling demand did not affect the manufacturing rates, leading to a rise in inventories. The end merchants were thus forced to sell their products at compromised rates which further aided the decline in the prices of ethyl acrylate. The prices of ethyl acrylate averaged around 9500 RMB/MT in the Chinese domestic market in June’23.
Europe
The downward trajectory of prices of ethyl acrylate was seen in the European region as a result of the fluctuating market dynamics. The prices suffered from the decline in demand and falling prices of feedstock materials in the local region. The weak industrial market and low purchasing rates also affected the ethyl acrylate trend in Germany.
North America
The demand sector in North America followed in the footsteps of Europe and the Asia-Pacific region, as the prices were adversely affected by the low demand and high production rates in the region. The rising inventories and weak fertilizers market also affected the trading activities, fueling the declining price trends for ethyl acrylate.
Analyst Insight
According to Procurement Resource, the price trends for ethyl acrylate are likely to remain unsettled in the upcoming quarter. As the demand from the end-user industries seems weak, the falling cost pressure and over-supplied inventories will cause the price trends to follow a lowered trajectory.
Ethyl Acrylate Price Trend For the Second Half of 2022
North America
The third quarter of 2022 saw a significant plunge in the prices of ethyl acrylate in the North American region. The major reason causing the tardy trends of ethyl acrylate was witnessed in the distressed demands from the downstream industries (adhesives and sealants) owing to the upheaval in the demand-supply equation. Moreover, the saturated inventories played yet another role in marring the prices for ethyl acrylate in the North American region. Additionally, making the situation worse was the augmentation of interest rates by the central bank, deeply down-swinging the economic play in the region.
Towards the fourth quarter, the ethyl acrylate prices went to the trough even more. The prime dynamic that could be held culpable was the copious supplies and slashed demands/consumption. The exacerbating entity that abraded the prices in this regard was the melioration of the supply chains. And the most prominent reason for the plunging prices was the trembling price trajectories of feedstock in the region. All these dynamics pulled the prices for ethyl acrylate down severely.
Asia
The second half of 2022 was passive for the ethyl acrylate price trend in the Asia-Pacific region. The Q32022 saw a debilitating price dynamic for ethyl acrylate, chalking the prime factors for the cause on the back of enfeebled operating costs, chopped demands from the downstream industry, and depleted prices for upstream propylene (which is used to form acrylic acid, which then is esterified to form ethyl acrylate). Although the offtakes to the importing countries from China were a bit aligned, the overall prices saw a derelict dynamic.
In Q42022, the prices for Ethyl Acrylate saw no improvement in the APAC region. With the jaded demand and consumption from the downstream coatings and adhesives industries, the price of the feedstock, Ethyl Acrylate, was severely smashed. Also, considering the overall demand was on the downhill, the supply side weighed on the prices for ethyl acrylate. Although the local market barely managed to make soft profits, the prices went for a toll overall.
Europe
The second half of 2022 saw a downslope trend in the prices for Ethyl Acrylate. The prime reason for the market was the debilitated price trends for feedstock- Acrylic acid. The slothful demand from the downstream industries walloped the prices for Ethyl Acrylate. Owing to which, the prices saw a faltering trend throughout the second half, i.e., the third and fourth quarters of 2022.
For the First Half of 2022
Asia
During the first quarter, an oscillating pattern was seen in the price trends for ethyl acrylate. With the Russian invasion of Ukraine in the last week of February, crude oil prices soared to an unprecedented high. The prices of feedstock ethanol and acrylic acid soared globally. The ethyl acrylate prices in the Indian domestic market averaged 3100 USD/MT. However, the prices stabilized and declined during the second quarter.
In the Chinese domestic arena, the prices of ethyl acrylate declined due to the rising covid cases and halted production owing to the zero-tolerance covid restrictions. Even after removing restrictions, the factories did not run at optimum operating rates due to the demand destruction in the market. The feedstock ethanol and acrylic acid prices relaxed, averaging 7150 RMB/MT and 13,939 RMB/ton (approx.), respectively.
Europe
The European market reeled under the pressure of surging energy costs and double-digit inflation owing to the continuing Russia-Ukraine geopolitical stance. The acute energy crisis, high operating upstream costs, robust demand from the downstream sectors amid the supply side constraints and raised transportation charges impacted the prices of ethyl acrylate heavily. The price trends for ethyl acrylate remained strong throughout the year's first half. The feedstock ethanol and acrylic acid price averaged 1.3 USD/litre and 1422 USD/MT FOB, respectively.
North America
The price trends for ethyl acrylate followed its European counterpart. The surging crude oil and natural gas prices, supply shortages, trade restrictions, labour shortages and freight charges are some of the reasons which directly impacted the ethyl acrylate prices in the US domestic market. The price of ethyl acrylate averaged 2680 USD/MT in the said period.
Procurement Resource provides latest prices of Ethyl Acrylate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Ethyl acrylate, more commonly known as the ethyl ester of acrylic acid, is a colorless liquid with a sharp, unpleasant odor. It is less dense than water and may polymerize violently (exothermically) if heated or contaminated. It is a naturally occurring volatile component in pineapple, Beaufort cheese, and vanilla as volatile components. It can also be manufactured industrially via several processes. It is used as an intermediate in the manufacturing of various pharmaceutical compounds. Ethyl acrylate is often used as a flavoring agent in plastics, resins, etc.
Product Details
| Report Features | Details |
| Product Name | Ethyl Acrylate |
| HS CODE | 29161290 |
| CAS Number | 140-88-5 |
| Industrial Uses | Pharmaceuticals, Polymers/Plastics, Resins/ Leather, Adhesives, Paints and Coatings, Textiles, Paper and Pulp Industries |
| Chemical Formula | C5H8O2 |
| Synonyms | Ethyl propenoate, Acrylic acid ethyl ester, Ethyl ester of acrylic acid |
| Molecular Weight | 100.117 g/mol |
| Supplier Database | Advanced Biotech. Inc, Axxence Aromatic GmbH., M&U International LLC., Synerzine, Inc., Penta International Corporation |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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 Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
- Production of Ethyl Acrylate from Acrylic Acid and Ethanol
The production of ethyl acrylate is carried out via the esterification of acrylic acid and ethanol. It is carried out using an in-situ reactor where the feedstocks are added with the acid catalyst. A mixture containing ethyl acrylate, ethanol, acrylic acid, water, and acid catalyst is obtained upon the reaction. This mixture is carried to an ester distillation column where the products are separated. The desired ethyl acrylate is condensed, whereas the other unspent feedstock is sent to the reaction mixture again.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).
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