Product
Methyl Acrylate Price Trend and Forecast
Methyl Acrylate Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Methyl Acrylate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Methyl Acrylate Price Trend for the Second Half of 2022
Asia
The price trends for methyl acrylate followed a downward trajectory throughout H2 2022. The prices of feedstock acrylic acid kept sliding throughout the said time which negatively impacted the prices of methyl acrylate. The demand from the end-user industries like paint & coatings, and adhesives remained sluggish, thereby contributing to muted market sentiments with occasional fluctuations.
Europe
Europe mimicked the same pricing trends as seen in the Asian region. The economic slowdown coupled with the heightened inflation hampered the purchasing capabilities and altered customer consumption patterns. The dampened demands amidst overfilled inventories were the major reason for the economic downturn of the methyl acrylate market. Further, the necessary cost pressure was not provided by the feedstock acrylic acid prices and availability.
North America
The price trends for methyl acrylate kept sliding throughout the second half of the year 2022 in the US domestic market. The substantial decline in upstream cost pressure and lowering demands negatively impacted the market transactions and thus, the overall market sentiments kept muted.
Analyst Insight
According to Procurement Resource, the prices of methyl acrylate are likely to remain unsettled in the upcoming quarter considering the current market dynamics. With the producers actively engaging in destocking, it will take some time before the market’s supply-demand equilibrium is achieved.
Methyl Acrylate Price Trend For the First Half of 2022
Asia
The market for Methyl Acrylate displayed overall stability during the first quarter of 2022 because of adequate supply and moderate offtakes from the downstream industries. Despite a sharp increase in upstream crude prices, Methyl Acrylate prices slightly increased during the first quarter.
In Q2 2022, the Asian market for Methyl Acrylate experienced a mixed market attitude, with prices increasing in the first part of the quarter and essentially declining in the second. Moreover, the product's demand dynamics remained subdued throughout this period, despite a significant drop in raw material prices across Asia, particularly in China in June 2022.
Europe
The crisis between Russia and Ukraine during the first quarter of 2022 has affected Europe's general market dynamics. Major acrylate producers like Röhm GmbH announced price changes for their acrylates as a result of rising raw material costs backed by spiking natural gas prices.
According to market research, methyl acrylate price rose during the first two months of Q2 2022 as a result of high input prices and stagnant downstream niche buyer offtakes. However, the price of methyl acrylate fell in June 2022 following a period of sustained firmness at the beginning of the year.
North America
Methyl Acrylate’s price trends increased steadily throughout the first quarter in North America owing to the high prices of upstream acrylic acid. The worldwide economic rebound and seasonal demand supported the general increase in upstream acrylic acid pricing in the United States during Q1 2022.
The methyl acrylate market remained unchanged throughout the second quarter of 2022, although prices grew significantly, mostly due to inflation in the local market. In addition, after steadily increasing for the first two months, prices started to fall by the end of the quarter.
Procurement Resource provides latest prices of Methyl 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
Methyl Acrylate, more commonly the methyl ester of acrylic acid, is a highly volatile liquid with an unpleasant odour. It is a common irritant of the eyes and skin. Methyl Acrylate is a common monomer which is used in the production of acrylate fibres. It is produced via the esterification of methanol in the presence of an acid catalyst.
Product Details
| Report Features | Details |
| Product Name | Methyl Acrylate |
| HS CODE | 29161290 |
| CAS Number | 96-33-3 |
| Chemical Formula | C4H6O2 |
| Synonyms | Methyl propenoate, Methoxycarbonyl ethylene, Methyl prop-2-enoate |
| Molecular Weight | 86.09 g/mol |
| Supplier Database | Evonik Industries AG, BASF SE, Nippon Shokubai Co., Ltd., Arkema Group, Millipore Sigma |
| 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 Methyl Acrylate via Pyrolysis
Methyl Acrylate is produced from methyl lactate via pyrolysis. Methyl lactate is contacted with a ZSM-5 catalyst in the presence of methanol. Higher yields of methyl acrylate are obtained when methanol is a solvent instead of water.
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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