Acrylate Ester (Ethyl and Butyl) Prices Overview

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 Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

Pricing Analysis

Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.

Company Profile

Basic details and information on financial performance of leading global players in the Acrylonitrile 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.

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.

About

Possessing two hydrogen and two carbon atoms in its chemical formula, Acetylene (C2H2) is the simplest alkyne and is the hottest and most efficient of all fuel gases. It is a highly flammable gas, which decomposes explosively. The presence of commercial Acetylene, which is lighter than air, can be detected by a distinct garlic-like smell. It is generally transported by dissolving in Acetone or DMF (dimethylformamide) in specially designed cylinders to prevent decomposition. Traditionally, Acetylene was produced from the reaction of Calcium Carbide with water. But nowadays, it is also often produced as a by-product of Ethylene production. In the United States, this colorless gas is commonly made from Natural Gas and Oxygen. A low flame moisture content makes Acetylene a great choice for many critical heating applications. Typical applications include flame heating, flame gouging, welding, flame cleaning, flame straightening, spot-heating, brazing, profile-cutting, carbon coating. Because it is lighter than air, Acetylene is the only fuel gas recommended for underground working conditions. Acetylene is also used in atomic absorption flame spectroscopy, wherein it is combined with high-purity synthetic air or nitrous oxide as a fuel for producing flame. Apart from being used as a fuel gas, Acetylene has many less-popular applications such as production of plastics, pharmaceuticals, solvents, electrochemical and highly elastic textile fibers. It also plays a crucial role in laboratory synthesis. Acetylene gas is also used in the production of Polyvinyl Chloride (PVC), which is one of the most widely used polymers across the globe.