Methyl Acrylate Price Trend and Forecast

Methyl Acrylate 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 2023

Asia

Throughout H2 of 2023, the methyl acrylate market endured oscillations as the market sentiments failed to support consistency in the market. The downstream industries faced the adverse consequences of rising inflation and interest rates. Additionally, the cost of feedstock materials such as acetone dipped with the fluctuations in the manufacturing sectors as the number of inquiries and new orders declined significantly. Thus, as a result, the manufacturers had to induce production cuts to keep the market activities afloat. Further, the rise in gas prices and lending rates also made the sustenance of the market difficult and depreciating the prices of methyl acrylate.
 

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Europe

The decline in methyl acrylate prices during the third quarter was majorly based on the excessive rise in inventories and tepid demand for the commodities. The purchasing potential of buyers fell due to the increasing pressure of inflation and reduced consumer budgets. Additionally, the downstream polymer industries and their subsidiary also incurred a slowdown, hampering the overall outlook of the methyl acrylate market. However, in the last quarter, the dynamics shifted in a positive direction, but only a little. This incline in the later months came with support from the rising prices of crude oil due to production cuts by Russia and Saudi Arabia, which increased the cost of production and, in turn, the price trend of methyl acrylate.

North America

In the third quarter of 2023, the price trend of methyl acrylate fluctuated due to several factors. The foremost cause of this limited growth was the fall in the cost of feedstock materials and a hike in the prices of energy production. The demand for the product became only need-to-basis as the spending budget of the customers declined in view of rising inflation. But the fourth quarter proved to be fruitful for the methyl acrylate market and prices soon began their inclining journey. This was based on the closure of some manufacturing giants and the return of favorable consumer demand.

Analyst Insight

According to Procurement Resource, the price trend of Methyl Acrylate is estimated to face certain challenges due to the dipping cost of feedstock materials and uncertainty in demand.
 

Methyl Acrylate Price Trend for the First Half of 2023

Asia

The revival of Asian markets after the holiday season led to a boost in the methyl acrylate market activities and also caused an incline in the buyer's interest in the first quarter. However, as the quarter approached its end, the surge in production activities in China surpassed the demand from the downstream industries, which initiated a decline in methyl acrylate prices.

A similar trend was seen in the second quarter too. In the initial phase, the rise in downstream consumption supported the inclining trajectory of methyl acrylate prices, but soon, this demand started to decline, and the level of inventories began to rise, causing a fall in the price trend of methyl acrylate.

Europe

In European countries, in the first quarter, methyl acrylate prices witnessed a positive incline. During this phase, the market activities were supported by the increased rates of consumption from the downstream industries and the high cost of production. However, this trend failed to continue in the second quarter as the weak performance of the economy showed its ill effects on the methyl acrylate price trend. In addition to this, the influx of cheaper imports from international markets challenged the growth of methyl acrylate prices.

North America

In North America, methyl acrylate prices experienced consistent growth during the initial phase due to steady demand and support from downstream industries. This upward trend was further propelled by increasing production costs, hikes in energy prices, and disruptions in supply chains caused by the shutting down of certain manufacturing facilities. However, towards the end of the first quarter, the lowering of downstream industry demand and a rise in inventory levels acted as obstacles, hindering the continued incline of methyl methacrylate prices.

The early months of the second quarter remained positive for methyl methacrylate prices, but as the quarter progressed, the declined rates of procurement from downstream industries and an influx of methyl methacrylate supplies in the region led to a downturn in the price trend of methyl acrylate.

Analyst Insight

According to Procurement Resource, the price trend of Methyl Acrylate will likely remain in the negative zone as the market is expected to struggle with the fall in the downstream demand and rising level of inventories.
 

Methyl Acrylate Price Trend for the Second Half of 2022

Asia

The price trend 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 trend 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 trend 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 trend 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.