2-Ethylhexyl Acrylate Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of 2-Ethylhexyl Acrylate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

2-Ethylhexyl Acrylate Price Trend for the Q1 of 2024

Asia

The Asian 2-ethylhexyl acrylate market mimicked the pricing trajectory of its feedstock materials, acrylic acid, and 2-ethylhexyl acrylate. The market gained a positive influence from the downstream industries as the procurement rates from the downstream paint and coating industries increased gradually.

In view of this favorable outlook of the end-user industries, the traders increased their trade flow to replenish their inventories and sustain the supply-demand equilibrium. However, this trend backfired in the later months as the oscillations in the prices of feedstock materials and crude oil in the region along with stagnancy in the downstream support, the inventories inclined by several folds, raising the concerns of the trading community, and declining the market price trend of 2-ethylhexyl acrylate.

Europe

In European countries, the restocking activities favored the upward trend in the 2-ethylhexyl acrylate prices. However, the lukewarm demand from the downstream industries and the rise in domestic production activities offered only a little room for the 2-ethylhexyl acrylate market to grow.

The additional pressure of nosediving economic parameters further remained a cause of concern for the traders. In addition to this, the rising geopolitical challenges, such as the loss of cheap crude oil imports from Russia and the blockage of the Red Sea route due to the ongoing Israel-Hamas crisis, exaggerated the existing challenges of the manufacturing community and eventually resulted in a fluctuating trajectory of 2-ethylhexyl acrylate prices during the first quarter of 2024.

North America

The rise in 2-ethylhexyl acrylate prices in the US market during the initial phase of 2024 was attributed to increased demand from downstream industries and the continuous depletion of available inventories. As a result, even with the higher pricing, market players raised their quotations to support their profit margins and sales.

Notably, consumers increased their spending to keep up with the rising demand for the commodity in Q1’24. However, as the quarter progressed, the market dynamics began to dwindle towards the lower end of the spectrum with the fall in crude oil prices and changes in the region's economic parameters. The negative changes in the market activities lowered the confidence of consumers as well as investors, forcing the 2-ethylhexyl acrylate prices to take a downturn.

Analyst Insight

According to Procurement Resource, the price trend of 2-Ethylhexyl Acrylate is expected to bear the changes in the pricing trajectory of its feedstock materials and the fluctuating dynamics of its downstream industries in the upcoming quarters.

2-Ethyhexyl Acrylate Price Trend for the October - December of 2023

Asia

In Asia, the 2-ethylhexyl acrylate prices were dependent on its feedstock materials, acrylic acid and 2-ethylhexanol. The acrylic acid market experienced a downturn in the initial phase of the quarter due to a decline in raw material propylene prices.

The traders faced challenges due to weak downstream demand and a lack of acrylic acid inquiries. However, the 2-ethylhexanol market showcased a significant rise in its prices and thus as a result the 2-ethyhexyl acrylate prices fluctuated in the fourth quarter of 2023.

Europe

In the European market, the 2-ethyhexyl acrylate initially benefitted from the rise in acrylic acid prices due to upward trajectory in upstream propylene prices and increased trading activities during the fourth quarter. Additionally, the disruptions in trading activities, depleting inventories, and higher upstream costs influenced the price surge. However, the fourth quarter also saw a weakening demand scenario, exerting pressure and restricting further upward movement in 2-ethyhexyl acrylate price trend.

North America

In North America, 2-ethyhexyl acrylate prices rose in Q4 of 2023 as they were supported by increased costs in the upstream propylene. Further, the drought-like conditions in the Panama Canal caused congestion at ports and disrupted the supply chains. Despite some stumbling in the downstream industries, the region presented persistent growth in 2-ethyhexyl acrylate demand, contributing to price increases. The rise was also driven by high production costs and sustained interest from consumers.

Analyst Insight

According to Procurement Resource, the price trend of 2-Ethyhexyl Acrylate are estimated to follow in the footsteps of its feedstock materials. In addition to this, consumer preference around the globe will also play a major role in dictating the trajectory of 2-ethyhexyl acrylate prices in the upcoming quarters.

2-Ethylhexyl Acrylate Price Trend for July-September 2023

Asia

The 2-Ethylhexyl Acrylate (2EHA) market is primarily driven by its feedstock (2-ethyl hexanol (2-EH), acrylic acid) prices and the downstream demands from the consumption sectors, namely construction, paints and coatings, adhesives, and plastics, etc.

The Chinese domestic market showed signs of improvement after a long time since the abolishment of the lockdown. A stupendous rise in the 2-EH costs carried the 2-Ethylhexyl Acrylate prices along. A consistent increase in rates gradually shifted the 2-Ethylhexyl Acrylate price curve upwards. Overall, a very positive market outlook was observed for 2-Ethylhexyl Acrylate during the said period.

Europe

The European market trend for 2-Ethylhexyl Acrylate were in total conflict with Asian price trend of 2-Ethylhexyl Acrylate. The market was still under immense inflationary pressure, which kept the downstream construction sector at an overwhelmingly low level. The upstream cost support from the feedstocks was also diminished since the 2EH market was poorly performing itself. All these factors, including low raw material costs and subsided consumer demands, kept the European 2-Ethylhexyl Acrylate prices wavering at the lower end of the curve.

North America

The North American market almost mirrored the European price trend for 2-Ethylhexyl Acrylate. A persistent struggle was witnessed to sustain the product movement from the supplier end. The slacking demands forced suppliers to discount the rates. Overall, low-fluctuating market trend were observed for 2-Ethylhexyl Acrylate during the discussed period.

Analyst Insight

According to Procurement Resource, not much improvement is anticipated in the western 2-Ethylhexyl Acrylate markets. However, the Asian market is likely to maintain its positive outlook going forward as well.

2-Ethylhexyl Acrylate Price Trend for the First Half of 2023

Asia

2-Ethylhexyl Acrylate prices in the Asia-Pacific region had a mixed run in the first half of 2023. Prices were majorly influenced by the prices and supply of feedstocks 2-Ethylhexanol (2EH) and acrylic acid. Q1 2023 started with oversupplied inventories and little to no demands from downstream adhesive and coating industries. Hence, the prices of 2-EHA kept on the lower side of the curve in the first quarter.

As Q2 arrived, a fall in feedstock prices was observed. The price of 2EH (2-Ethylhexanol) observed a 24% year-on-year decline in June’23 in the Chinese markets. As the present inventory stocks could support the existing muted demands, the price trend for 2-Ethylhexyl Acrylate continued the downward path.

Europe

European market observed southward trend for 2-Ethylhexyl acrylate in H1 2023. The falling feedstock prices and feverish demands shrouded the 2-Ethylhexyl acrylate market. The construction industry has a big share in consumer strata of 2-Ethylhexyl acrylate, but this sector was the most stressed business in Europe in the said period. As the demands stayed muted, inventories saturated the market, causing the upstream production costs to lower, leaving no room for improvement.

North America

The North American 2-Ethylhexyl acrylate market behaved no differently than the international markets. Price trend followed a subsiding curve in H1 2023. With a rise in interest rates construction sector took a serious hit, which considerably reduced the demand for construction-related and allied materials. The freight normalization and easy availability of feedstock materials further reduced production costs. With plunging demands and oversupply, the 2-Ethylhexyl acrylate prices performed poorly in the American market.

Analyst Insight

According to Procurement Resource, the price trend for 2-Ethylhexyl acrylate are expected to continue the same sluggish fundamentals given the weak demand projections and over-saturated inventories.

Procurement Resource provides latest prices of 2-Ethylhexyl 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.