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Acrylate Ester (Ethyl and Butyl)

Acrylate Ester (Ethyl and Butyl) Prices Overview

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Acrylate Ester (Ethyl and Butyl) Prices Overview

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Market Overview

Quarterly Update on Global Acrylate Ester Market

For the Quarter Ending September 2020

Asia

The Asian Acrylate Ester market seemed to gain the lost momentum entering the third quarter due to seasonal restocking by the downstream paints and coatings sector which showed signs of rebound with improvement in the construction projects and home décor requirements. Showing resilience amidst surging coronavirus infections in economies like India, Japan and South Korea, the upswing in sentiments for Acrylate Esters (Ethyl and Butyl Acrylate) was buoyed by the much-needed festive push observed in several Asian economies. CIF India prices for Butyl Acrylate were rangebound between USD 950-1050 per MT while for Ethyl Acrylate, offers were raised to USD 1400-1500 per MT levels. Snug supply due to plant outages and shipment delays were observed as a key supplier in the Middle East opted to go for maintenance turnaround by the end of the quarter. Unclear about material sourcing, buyers sought cargoes from other Asian sources to cater to the peak demand season in India and China.

Europe

Europe’s Acrylates fundamentals continued to face the double-whammy of fresh lockdowns due to the second wave of COVID-19 and tightened supply on account of plant turnarounds across several Asian economies. Europe’s output growth for chemicals declined by 4.5% in Jan-Sep period compared to same period in 2019. Acrylate Ester margins remained compressed throughout Q3 with November contracts being agreed at a marked decrease, as buyers were unable to transfer the high cost due to supply constraints and firming feedstock value.

North America

The American Acrylate Ester producers witnessed stable Q-o-Q growth amid disrupted economy and ample product supply demand. The regional buying interest seemed to improve by the mid of the quarter, especially from the construction coatings and packaging adhesives, with lengthened supply pressuring the regional rates. However, the sentiments for US Acrylates remained bolstered as the demand from the adhesives and architectural coatings showed an uptick. Pricing curve remained flattened, showing modest improvement in August due to firming Propylene. US Acrylates plant utilization levels rose to 70% from nearly 50% in the first quarter. While coronavirus restrictions eased early in the period, fears of a new wave of infections in the US kept some demand constraints and limited the Q3 growth. Major US Acrylates suppliers include Arkema, BASF, Dow Chemical and Sasol.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylate Ester (Ethyl and Butyl) is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Acrylate Ester (Ethyl and Butyl) market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Acrylate Ester manufacturers, spread across the domestic and international markets, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of the company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Acrylate Ester market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence the Global Acrylate Ester market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Acrylate Ester are analyzed and region-wise demand pattern is tracked.

About

Acrylate esters, are the derivatives of Acrylic Acid, used as the key raw material for thousands of polymer formulations. These are prepared by esterification reaction between Acrylic Acid and different alcohol feedstocks. Major downstream industries for Acrylate Esters include paints, viscosity adhesives, acrylic gums, acrylic textiles, etc. Although a wide variety of Acrylate Esters can be manufactured, our evaluation is restricted to Butyl and Ethyl Acrylate as they are of the greatest commercial significance. Ethyl acrylate can be manufactured through several industrial techniques. The most prominent method involves reacting together Acrylonitrile and Ethanol using Sulphuric Acid as the catalyst. Additionally, manufacturers may also use phenolic type inhibitors, manganese, or cerium salts to catalyze its production. Acetylene, carbon monoxide and ethanol may also be used as a precursor in Ethyl Acrylate production. Ethyl acrylate is used in the manufacture of water-based latex paints and adhesives, textile coatings, leather finish resins, and for manufacturing Acrylic fibers. Butyl acrylate which can be commonly produced via direct esterification of Acrylic Acid with n-Butanol is widely used to produce adhesives, emulsifying agent, coatings, water treatment, paper chemicals, and modifying agent for fiber and textile, leather treatment agent and many more. Acrylate Esters are also widely used as important feedstocks for chemical synthesis as they readily undergo addition reactions with many organic and inorganic compounds.

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Acrylate Ester (Ethyl and Butyl) Prices Overview