For the Quarter Ending June 2025
North America
• The acrylic acid Spot Price in North America decreased by 1.61% quarter-over-quarter in Q2 2025, reflected in a bearish Price Index.
• In early Q2, the acrylic acid Price Index rose due to improving demand for acrylic acid from the construction and coatings industries.
• Market activity was influenced by broader economic factors, including proposed tariffs that affected investor sentiment.
• By mid-Q2, bearish sentiment emerged as demand weakened and inventories remained sufficient. Oversupply conditions led to cautious trading behavior, and producers adjusted Price Index values downward to remain competitive.
• In the latter part of the quarter, the Price Index surged again, supported by constrained supply due to maintenance shutdowns at major facilities like American Acryl, which impacted merchant-grade availability.
• Despite moderate end-user demand, especially from the construction sector, limited spot supply, and uncertain trade policy outlook reinforced bullish sentiment toward the end of the quarter.
Why did the price of Acrylic Acid change in July 2025 in the US?
• The Acrylic Acid Spot Price in the US remained unchanged in July 2025 due to steady supply levels and consistent production operations.
• The Acrylic Acid Production Cost Trend stayed neutral as feedstock propylene prices showed little to no variation.
• The Acrylic Acid Demand Outlook was moderate, with downstream sectors like coatings and construction showing limited but stable consumption.
• The Acrylic Acid Price Forecast reflected a balanced market, supported by cautious trading behavior and steady inventory management.
APAC
• The acrylic acid Spot Price in APAC decreased by 2.28% quarter-over-quarter in Q2 2025, reflected in a bearish Price Index.
• The acrylic acid market in the APAC region, in Indonesia, showed a mixed performance throughout the second quarter, shifting between bullish and bearish trends.
• Early in the quarter, the market witnessed a firm upward movement in the price index due to post-holiday demand recovery, higher input costs from China, and increased procurement from downstream construction sectors.
• However, this bullish momentum gradually faded as demand began to weaken and import costs from China decreased, pushing the price index downward.
• Mid-quarter, the market experienced temporary stability, supported by unchanged import prices and adequate inventory levels that met end-use demand.
• Toward the end of the quarter, the price index declined again due to oversupply from China, aggressive pricing by exporters, and reduced buying interest among Indonesian buyers.
• Currency appreciation and continued subdued activity in downstream sectors like coatings and construction further contributed to the bearish trend, as buyers limited purchases to short-term needs.
Why did the price of Acrylic Acid change in July 2025 in Asia?
• The acrylic acid spot price in Asia declined in July 2025 as increased supply from key exporting nations like China outpaced demand, leading to competitive pricing and a downward adjustment in regional markets.
• The acrylic acid demand outlook weakened due to limited procurement from downstream sectors such as construction and coatings, as buyers focused on short-term needs amid economic caution.
Europe
• The acrylic acid Spot Price in Europe increased by 4.12% quarter-over-quarter in Q2 2025, reflected in a bearish Price Index.
• The European acrylic acid market exhibited mixed trends over Q2 2025, beginning with a bullish outlook driven by seasonal demand from coatings and construction sectors.
• In early April, improved buyer sentiment and increased purchasing activity supported an upward movement in the price index, amid the ongoing logistical challenges due to low Rhine River water levels.
• However, by May, anticipated demand failed to materialize fully, leading to oversupply, high inventory levels, and weakening demand from downstream sectors, causing a drop in the price index.
• While production costs rose in May due to increasing feedstock prices, the acrylic acid price index continued to decline under the pressure of excess supply and subdued construction activity.
• Entering June, the market stabilized with improved Rhine logistics and consistent contractual supply, though spot trading remained limited due to weak demand and competitive import pressure, keeping the price index range-bound.
Why did the price of Acrylic Acid change in July 2025 in Europe?
• The Acrylic Acid Spot Price in Europe remained steady further due to balanced supply and demand dynamics amid limited market activity.
• The Acrylic Acid Demand Outlook showed cautious consumption from the coatings and construction sectors, as buyers continued to adopt cautious procurement strategies in response to persistent weakness in the construction industry.
• Based on the Acrylic Acid Price Forecast, the European market is expected to remain range-bound in the near term, with suppliers closely monitoring logistics and sector-specific developments before adjusting prices.
MEA
• The acrylic acid Spot Price in the Middle East decreased by 1.05% quarter-over-quarter in Q2 2025, reflected in a bearish Price Index.
• The acrylic acid market in the Middle East experienced mixed trends over the second quarter of 2025, beginning with a period of stability, followed by a brief price correction, and ending with renewed steadiness.
• In April and May, the Price Index declined due to softening demand, easing production costs, and reduced overseas inquiries. Market activity slowed, and cautious sentiment led suppliers to adjust pricing strategies downward.
• By June, the Price Index stabilized again, underpinned by consistent demand from downstream construction sectors.
• Improvements in Saudi Arabia's logistics and infrastructure, particularly port activity, contributed to the overall operational stability of the market.
• Procurement remained consistent, with both buyers and sellers maintaining a cautious but steady pace, aligning with the country’s ongoing economic development plans under Vision 2030.
Why did the price of Acrylic Acid change in July 2025 in the Middle East?
• The price of acrylic acid in the Middle East declined in July 2025 primarily due to lower production costs, driven by steady-to-declining prices of feedstock propylene.
• Despite consistent demand and stable trade activity, producers revised their ex-quotations downward to align with evolving market expectations and maintain competitiveness.
• The market entered a more price-sensitive phase as participants reacted to changing input costs, even though supply-demand fundamentals remained unchanged.
For the Quarter Ending March 2025
North America
In the first quarter of 2025, the North American acrylic acid market remained consistently bearish, influenced by sluggish demand, cautious trading behavior, and macroeconomic uncertainties. In January, market participants maintained subdued market activity driven by seasonal construction slowdowns and hesitation ahead of policy changes under President Donald Trump's new administration. Heavy snowfall further disrupted logistics, although ample inventory levels cushioned the impact. The looming expiration of the USMX-ILA contract added additional uncertainty to supply chain dynamics.
February continued this trend, with the market showing limited movement due to extreme weather conditions, including a polar vortex that disrupted industrial operations. Downstream demand from sectors like coatings and construction remained tepid, and producers opted to maintain steady output to prevent oversupply. Despite eased logistical issues, trading remained subdued due to low consumption and adequate stock levels.
By March, bearishness deepened as businesses remained cautious amid ongoing economic concerns, including potential tariff adjustments. While supply chains began to normalize, buyers limited procurement, and suppliers avoided aggressive pricing strategies. Throughout the quarter, restrained market activity reinforced the bearish tone, with participants navigating the market conservatively amid an uncertain and slow-demand environment. This quarter witnessed a decline of 5.88% in comparison to the last quarter of 2024.
APAC
Throughout the first quarter of 2025, the acrylic acid market in the APAC region continued to exhibit a mixed trend, shaped by weak demand, restrained trading activity, and the holiday season. In January, the acrylic acid market began on a bullish note due to increased pre-Lunar New Year procurement and supply limitations caused by maintenance turnarounds. However, this bullish sentiment was temporary. As the holiday approached, market activity gradually slowed, with most participants stepping away from the market, leading to a more stable pricing environment by the end of the month. In February, despite expectations of a post-holiday demand revival, market momentum failed to pick up in the second weeks of the month. Downstream sectors such as construction and coatings remained weak, with buyers hesitant to place new orders. However, the ongoing maintenance activity and the recovery in demand in the third week of the month provided slight support to the market sentiments but it only witnessed a steady incline in this month. The bearish tone became more pronounced in March when a combination of weak international demand, logistical challenges, and persistent supply surpluses began to weigh more heavily on the market. Although some suppliers reduced their operating rates, market sentiment continued to slide due to oversupply and minimal procurement activity. The market faced additional strain from increased trade barriers and the rising cost of exports, further dampening demand. As a result, the acrylic acid market in the APAC region closed the quarter with a firmly bearish outlook.
Europe
In the first quarter of 2025, the acrylic acid market in Europe remained largely bearish, shaped by weak downstream demand, ample inventory levels, and economic uncertainty. January began with a brief uptick in sentiment driven by rising production costs and a temporary supply disruption due to plant maintenance. However, this was quickly offset by sluggish demand from the construction and coatings sectors, along with restrained procurement behaviors from buyers facing broader economic headwinds. February sustained this subdued momentum, with stable production costs and a lack of new orders maintaining the market’s bearish tone. Export challenges, coupled with geopolitical tensions and cautious business activity, further dampened any prospects for recovery. Despite port congestion in Hamburg, supply chains remained largely unaffected due to high stock levels and limited trading activity. By March, the bearish trend deepened, as downstream industries continued to witness challenging performance. The market shifted its focus towards fulfilling contract obligations, with minimal spot transactions and restrained imports from Asia. Market participants operated cautiously, holding firm on quotations but refraining from aggressive selling amid soft demand. As the quarter closed, the European acrylic acid market showed little sign of immediate revival, with future performance hinging on a meaningful rebound in end-user sectors and broader economic stabilization.
MEA
In the first quarter of 2025, the acrylic acid market in Saudi Arabia remained largely stable, driven by a steady production rate and consistent demand from downstream sectors, particularly construction and coatings, supported by the Kingdom’s ongoing Vision 2030 initiatives. January saw balanced market activity as stable feedstock prices and improved logistics helped maintain equilibrium between supply and demand. This balance was further reinforced by a resilient performance from infrastructure and industrial projects. In February, the market continued its steady trajectory, with producers confidently maintaining pricing amid efficient inventory management and uninterrupted procurement from downstream industries. A brief surge in bullish sentiment occurred in early March, spurred by strengthened construction activity and slight upward pricing adjustments by suppliers. However, this momentum was short-lived. As the month progressed, market players continued with their trading activities for the anticipated demand during the Eid Al Fitr holidays in the Middle Eastern regions. However, at the end of the month, the market participants scaled back their activities in anticipation of the Eid Al Fitr holiday, leading to reduced trading volumes and a return to bearish sentiment. Overall, the quarter was characterized by a well-supplied market, consistent demand, and stable pricing, punctuated by brief fluctuations tied to seasonal and strategic factors. Market participants remained cautiously optimistic, navigating competitive pressures and macroeconomic considerations while maintaining supply chain efficiency and pricing stability.
South America
In the first quarter of 2025, the South American acrylic acid market consistently exhibited bearish sentiment, largely driven by subdued demand, economic uncertainty, and stable yet lower import costs. In January, market activity remained sluggish as downstream sectors such as construction and coatings slowed down due to seasonal factors and hesitation ahead of expected policy shifts in the U.S., creating an atmosphere of uncertainty. Import costs stayed low, and suppliers maintained stable quotations amidst weak buying interest. In February, this trend continued as businesses were further constrained by rising interest rates and a depreciating currency, which weakened purchasing power and curtailed new orders. Ample inventory levels also meant there was little urgency for fresh procurement, prompting market participants to adopt a conservative approach. Moving into March, bearishness persisted with ongoing concerns over potential tariff implementations and broader global economic instability. The downstream construction sector continued to underperform, and despite steady inventory levels, new demand remained muted. At the end of the month, the suppliers opted for a wait-and-watch strategy, refraining from aggressive pricing due to the prevailing uncertainty. Collectively, these factors sustained a cautious market environment throughout the quarter in the South American acrylic acid.
For the Quarter Ending December 2024
North America
Throughout Q4 2024, the Acrylic Acid market in North America witnessed a notable decline in prices, driven by several key factors such as reduced feedstock Propylene costs. Furthermore, the demand for Acrylic Acid from downstream sectors like Coating and Construction remained low and was balanced out by ample inventory levels of the commodity in the storage units. Moreover, the hurricane season caused disruption in production and supply chains, further dampening market activity.
Despite the Federal Reserve's interest rate cut meant to boost consumer sentiment, market participants remained cautious due to factors like the ILA strike, Trump's election victory, and overall economic uncertainty which continued to shift the market sentiments downwards. Additionally, low liquidity and a lack of new orders throughout the quarter highlighted ongoing struggles. Hence, these factors combined and showcased persistent bearishness in its trend.
The overall trend in the US reflected the broader North American market, with prices declining by 2.6% compared to the previous quarter, indicating a sustained negative pricing trend.
APAC
During Q4 2024, the Acrylic Acid market in Japan exhibited a bullish trend despite fluctuating production costs attributed to fluctuating feedstock Propylene prices. Bullishness was maintained as it was driven by external economic factors that outweighed the fluctuation in raw material costs. Japan faced significant challenges, including a high number of bankruptcies, labor shortages, and rising debt-servicing costs following interest rate hikes. The ongoing structural labor shortage and disruptions caused by earthquakes further impacted market sentiments. Furthermore, slight improvements in the Construction and Real Estate sectors contributed to a price increase towards the end of November. The demand for Acrylic Acid from downstream Coating and Construction enterprises showed a slight incline, supported by increased sales to emerging markets, particularly India. Despite a positive shift in business sentiment, the outlook remained uncertain due to potential global trade disruptions linked to U.S. President-elect Donald Trump's proposed tariffs. Market participants adjusted their ex-quotations upward to reflect improved market dynamics, highlighting the complex interplay of economic, political, and environmental factors influencing the Acrylic Acid market in Japan during this period.
Europe
Throughout Q4 2024, the Acrylic Acid market in Europe exhibited a bearish trend, driven by declining production costs and weak demand from downstream sectors such as Coating and Construction. The decrease in feedstock Propylene prices played a significant role in reducing manufacturing expenses. Despite a slight easing in the rate of contraction within the construction industry, the sector continued to face challenges, including a sharp decline in new orders and growing pessimism among firms. This negative outlook led to further job cuts and reduced demand for construction-related materials. Market participants offered discounts to clear excess inventory however, eroded consumer confidence and tight financial conditions continued to suppress demand. External factors like labor shortages, heightened market uncertainty, and elevated costs further exacerbated market sentiment. New orders remained low, and existing inventory levels were sufficient to meet the subdued demand. Additional challenges, such as rail freight disruptions and a deteriorating economic outlook, compounded the bearish sentiment within the market. Despite efforts to counteract weakening inflation through interest rate cuts by the European Central Bank, the overall market sentiment for Acrylic Acid in Europe remained cautious and bearish.
MEA
Throughout Q4 2024, the Acrylic Acid market in Saudi Arabia remained stable, witnessing only an incline of 0.15% in comparison to the previous quarters. The demand, particularly from downstream Coating and Construction sectors, was consistently moderate, ensuring that available inventory levels met the market needs satisfactorily. The country’s significant economic diversification efforts, including over $1.3 trillion in real estate and infrastructure projects under Vision 2030, have fortified the construction sector, driving consistent demand for construction materials. Although there was a slight rise in Propylene prices in early November, market stability persisted due to adequate inventory levels. Further bolstered by solid domestic demand, increased new orders, and sustained growth in employment within the sector, the Acrylic Acid market reflected positive business sentiment. Purchasing activity in October witnessed an uptick, and inventories rose sharply, maintaining sufficient stock levels. The culmination of stable production costs, balanced supply-demand dynamics, and ongoing infrastructure development resulted in a resilient and bullish market outlook for Acrylic Acid in Saudi Arabia by the end of the quarter.
South America
Throughout Q4 2024, the Acrylic Acid market in Brazil continued to showcase bearishness in its trend. This trend was primarily driven by declining production costs due to lower feedstock Propylene prices. Along with the reduced production cost, the subdued demand from downstream sectors, particularly Coating and Construction, and the declining import cost resulted in bearish market sentiments. These sectors faced weak demand, low liquidity, and significant challenges such as Hurricane Milton, labor disruptions due to the International Longshoremen’s Association (ILA) strike, and persistent economic uncertainties. This strike, which began on October 1st, affected major ports, exacerbating supply chain issues and inflationary pressures. Although the strike could have driven supply constraints and procurement urgency, low downstream sector demand neutralized this effect. Business confidence witnessed a decline, leading market players to scale back activities and lower their quotations. Despite infrastructure development initiatives such as expanding the Port of Santos, weak investor sentiment and high interest rates remained significant hurdles. The cautious market behavior, compounded by Donald Trump’s presidential victory, further influenced market dynamics. Therefore, despite these challenges, the Acrylic Acid market in Brazil exhibited resilience, with stabilized new orders and sufficient inventory levels balancing ongoing demand.
For the Quarter Ending September 2024
North America
Throughout Q3 2024, the Acrylic Acid market in North America witnessed a period of declining prices, influenced by several key factors. The significant decrease in market prices can be attributed to a combination of factors such as reduced demand from downstream sectors, particularly in the Coating and Construction industries. This decreased demand led to surplus inventory levels, creating a supply-demand imbalance that exerted downward pressure on prices. Additionally, the fluctuations in feedstock prices, particularly Propylene, contributed to the overall decrease in production costs, further impacting the pricing trends of Acrylic Acid.
In Mexico, the market experienced the most significant price changes during this quarter. The overall trend in Mexico reflected the broader North American market, with prices declining by 3% compared to the same quarter last year. Within Q3 2024, Mexico witnessed a further decrease of 3% from the previous quarter, indicating a sustained negative pricing trend.
The price comparison between the first and second half of the quarter showed a decrease of 1%, highlighting a consistent downward trajectory in pricing. The quarter-ending price in Mexico stood at USD 1495/MT of Acrylic Acid CFR Manzanillo, emphasizing the prevalent negative sentiment in the pricing environment.
APAC
Throughout Q3 2024, the Acrylic Acid market in the APAC region witnessed a period of inclining prices, influenced by several key factors. The market experienced a surge in demand from key downstream sectors such as Coating and Construction, leading to insufficient inventories resulting in the upward pressure on prices. In Japan, the market experienced the most significant price changes during this quarter. Amid this shortage, business confidence remained high, fueled by expectations of a broad recovery in both domestic and global demand. In response, significant manufacturing units ramped up production and trading activities to close the supply gap. Market players capitalized on this situation by increasing their ex-quotations, thereby enhancing their profit margins. Despite the decline in the feedstock Propylene market during this quarter, the Acrylic Acid market witnessed a rise due to the increased demand from the downstream sectors. The overall trend in Japan reflected bearishness, however, the prices remained unchanged in comparison to the same quarter last year.
Europe
In Q3 2024, the Europe region experienced a challenging period for Acrylic Acid pricing, marked by a significant decline in market prices. Various factors contributed to this downward trend, including weak demand from downstream sectors such as Coating and Construction due to ongoing economic uncertainties and reduced consumer spending power. Additionally, declining production costs resulting from lower feedstock prices, particularly Propylene, further pressured Acrylic Acid prices downwards. These combined factors created a bearish sentiment in the market, leading to stable or decreasing prices throughout the quarter. France, in particular, witnessed the most significant price changes in the region. The overall trends in the country mirrored those of the broader European market, with a focus on stability amidst decreasing prices. The correlation in price changes between France and the rest of Europe was evident, showcasing a cohesive market environment. Compared to the same quarter last year, Acrylic Acid prices in Q3 2024 were down by 5%, indicating a consistent downward trajectory. Furthermore, the quarter-on-quarter percentage change in 2024 stood at -8%, highlighting the continued negative trend. The price comparison between the first and second half of the quarter revealed a further decline of -6%.
MEA
In Q3 2024, the Acrylic Acid market in the MEA region experienced an upward trend in pricing, with notable fluctuations observed in Saudi Arabia. The market dynamics were primarily influenced by increasing demand from downstream sectors, particularly in construction and coatings, which drove prices higher. This surge in demand was fueled by major infrastructure projects like the construction of a significant airport, indicating robust economic activity. Additionally, increased production costs, attributed to a slight rise in the feedstock prices, contributed to the positive pricing environment. Saudi Arabia, witnessing the most significant price changes in the region, showcased a 1% increase from the previous quarter. The market displayed a consistent upward trend throughout the quarter, with prices steadily rising. Notably, the second half of the quarter recorded a 1% price increase compared to the first half, indicating sustained positive momentum. The quarter concluded with Acrylic Acid priced at USD 920/MT FOB Jeddah in Saudi Arabia, reflecting a stable and increasingly positive pricing environment.
South America
In Q3 2024, the South American region witnessed a downward trend in Acrylic Acid pricing, with Brazil experiencing the most significant price fluctuations. Various factors contributed to the market's decreasing prices, including falling production costs driven by lower propylene prices. Reduced demand from downstream sectors such as coating and construction further impacted prices, as existing inventory levels met the subdued market requirements. This quarter saw a 3% decrease from the same period last year, indicating a sustained decline in pricing dynamics. Compared to the previous quarter in 2024, prices dropped by 3%, reflecting continued market challenges. Additionally, a comparison between the first and second half of the quarter revealed a 1% decrease, underlining the persistent negative trend in pricing. The quarter-ending price of Acrylic Acid in Brazil stood at USD 1505/MT (CFR Santos), signifying a stable but bearish pricing environment throughout the quarter. The overall sentiment in the market remained negative, characterized by ongoing price declines and challenging market conditions.
FAQs
1. How is acrylic acid produced?
Acrylic Acid is typically produced through the oxidation of propylene, a by-product of petroleum refining.
2. Who are the leading global producers of acrylic acid?
Major producers of acrylic acid include BASF, Arkema, LG Chem, Nippon Shokubai, and Formosa Plastics. These companies operate large-scale production facilities across Asia, Europe, and North America.
3. What are the primary applications of acrylic acid?
Acrylic acid is mainly used in the production of superabsorbent polymers, coatings, adhesives, textiles, and sealants. It is a critical ingredient in personal care products and construction materials.
4. What factors influence the acrylic acid price forecast?
Acrylic acid prices are impacted by crude oil trends, feedstock (propylene) costs, demand from downstream sectors, global economic conditions, and changes in manufacturing or logistics capacities.
