In Germany, the butyl acrylate market was witnessing stability in its trend from the previous three weeks. However, recently, the butyl acrylate market experienced a decline of x.xxx, towards the end of March. This decline can be attributed to the decrease in the production cost along with the weak performance of the downstream construction sector which is limiting the demand for butyl acrylate.
The production cost of butyl acrylate witnessed a decline amid a decrease of x.xxx and x.xxx in the feedstocks, n-butanol, and acrylic acid, respectively. Moreover, the persistent declining performance of the downstream construction sector continued to weaken the demand for butyl acrylate.
Previously, to control inflation, the European Central Bank raised its interest rates which severely disrupted the construction sector. Before this, the real estate sector was rising. However, as the borrowing money became expensive, several construction projects were halted and...
