Expanding Logistics and Disruption in Supply Chain Pushing Up the German 2-Ethylhexyl Acrylate Prices
- 30-Jan-2023 4:08 PM
- Journalist: Emilia Jackson
The Acrylate market outlook is clement in the German construction sector, although the Acrylic ester sector is uncertain, and flexibility has been the biggest requirement from both supply and demand sides. Uncertainty in these two market fundamentals to cope with fragile conditions is pushing the costs of 2-Ethylhexyl Acrylate upwards in the current, thus, affecting the market sentiments in Germany.
The market value of 2-Ethylhexyl Acrylate increased in the German region, with prices ranging at USD 2894/ton FD Hamburg as per ChemAnalyst Research Team Data. An examination of 2500 companies by the German Economic Institute showed that around a third of companies expect output to stagnate and shrink in the German market. Blaming high energy costs, production disruptions, and supply chain issues that cannot be ruled out are reasons for the prices rising in the European Union.
The picture of the European Chemical sector is being redrawn with strategies for greater self-sufficiency, reduced dependencies on outside supplies, and potentially the redesign and emergence of new coatings technology. Regional players are making attractive targets to grow the 2-Ethylhexyl Acrylate’s market share this way. Along with the growth of the public and the private sectors in Germany, the demand for the coating sector is helping to make the 2-Ethylhexyl Acrylate market more expandable.
The procurement of latex, paints, textiles, and adhesives rose to put demand pressure on the 2-Ethylhexyl Acrylate market, thus contributing more to the rise in the price of the product. The Global Container Index rose by 2%, pushing up the freight charges in the European market. The logistical situation is expanding in Germany, with growth in global export-import activities improving demand. Increasing outsourcing of logistical services is driving the 2-Ethylhexyl Acrylate market.
The 2-Ethylhexyl Acrylate market is witnessing an increase in demand for multimodal transportation services among shippers in Europe, and this approach is reducing the risk or loss of damage of the downstream paints and coatings goods and personnel.