For the Quarter Ending March 2025
North America
In Q1 2025, the North American Butyl Acrylate market experienced persistent bearish sentiment, driven by several factors. In January, market conditions showcased subdued market sentiments due to weak demand from key downstream sectors, particularly construction and coatings. Seasonal slowdowns, combined with economic uncertainty stemming from anticipated policy changes and severe winter conditions, dampened market activity. The market's cautious stance was further reinforced by concerns about a potential strike and ongoing logistical disruptions.
Moving into February, the market continued to face challenges, with a prolonged polar vortex disrupting industrial operations and limiting demand from key sectors.
Furthermore, the harsh weather conditions exacerbated the subdued market, as project delays and reduced consumption persisted. By March, while production costs saw a slight increase, weak demand from the construction sector and concerns over potential tariffs kept the market bearish. Supply chain disruptions eased, but the overall market sentiment remained cautious, as participants remained wary of the uncertain economic and policy landscape. The combination of weak demand, logistical issues, and external economic pressures contributed to the overall bearish sentiment throughout Q1 2025.
APAC
The Butyl Acrylate market in the APAC region during Q1 2025 displayed mixed sentiments, fluctuating between bullish and bearish trends. In January, the market experienced an initial bullish uptick driven by rising feedstock prices and increased demand, particularly ahead of the Lunar New Year holidays. Inventory stocking and government policies aimed at boosting housing demand helped support this positive outlook. However, as the holiday period progressed, industrial activity slowed, resulting in a stable yet cautious market environment in late January. Moving into February, the market regained momentum with a notable price increase, fueled by rising production costs and a post-holiday demand surge. Despite the weak performance of downstream sectors like coatings and construction, the uptick in buying activity reinforced the bullish sentiment. However, by March, the market shifted downward due to weak demand and high inventory levels, particularly in the construction sector. Reduced production costs, coupled with limited new orders, further contributed to the bearish trend. This shift reflected an overall balancing act between supply chain pressures, fluctuating demand, and the performance of key downstream industries, leading to mixed market dynamics in Q1 2025.
Europe
The Butyl Acrylate market in Europe during Q1 2025 exhibited mixed sentiments, influenced by a combination of production costs, weak demand, and shifting macroeconomic factors. In January, the market maintained a bearish tone, with economic uncertainty, sluggish demand from the construction sector, and logistical disruptions dampening sentiment. Lingering inventory from late 2024 and weak buyer interest further contributed to cautious market behavior. February continued this trend of price stability, supported by steady feedstock prices, but demand remained muted due to limited new orders and weak export performance. However, slight optimism emerged, with hopes for an economic rebound amid projected interest rate cuts and political clarity post-election. By March, the market saw a modest improvement in sentiment, spurred by production costs and a slight recovery in restocking activities. A marginal rise in downstream purchasing provided temporary relief, prompting a cautiously optimistic outlook. Nonetheless, broader economic challenges, including a struggling construction sector and competitive pressures from imports, continued to suppress full recovery. As a result, the European Butyl Acrylate market in Q1 2025 remained largely stable with intermittent shifts in sentiment, shaped by cautious trading, external economic pressures, and sporadic improvements in downstream engagement.
MEA
The Butyl Acrylate market in the Middle Eastern region displayed bearish sentiments throughout Q1 2025, shaped by subdued trading activity, production costs, and sufficient inventory levels. In January, market sentiments began to cool as inventory levels reached adequate thresholds and new order flows started to moderate. Moreover, the bearishness in the market sentiments was further shifted in February. Although feedstock prices remained unchanged and downstream sectors like construction and coatings maintained a steady presence, weak international demand—particularly from post-holiday Asian markets—curbed export opportunities. Ample domestic supply further reduced buyer urgency, prompting cautious procurement strategies and reinforcing the bearish tone. In March, the market remained subdued, largely due to reduced working hours during Ramadan and the impending Eid holidays, which led to slower operations and limited trading activity. Competitive pressures and muted interest from key importing regions also discouraged price changes. Throughout the quarter, while infrastructure initiatives under Vision 2030 offered some support, their impact was insufficient to offset the broader slowdown in purchasing activity. As a result, market players maintained conservative pricing strategies, reinforcing a bearish outlook marked by limited demand growth and cautious sentiment.
South America
Throughout Q1 2025, the Butyl Acrylate market in South America consistently reflected bearish sentiments, shaped by weak demand, economic uncertainty, and cautious buyer behavior. In January, the market showcased bearishness following seasonal slowdowns in construction activity and hesitation among companies to initiate new projects due to anticipated policy changes in the United States. This hesitation was further amplified by global geopolitical tensions and trade uncertainties, creating a conservative business climate. February witnessed continued bearishness, as declined import costs and ample inventory levels discouraged fresh procurement. The depreciation of the local currency and elevated interest rates further strained buyer confidence, curbing purchasing activity despite stable supply dynamics. By March, the bearish trend persisted, driven by weak downstream sector performance and continued trade concerns. Tariff-related uncertainty and macroeconomic instability led to limited order placements and cautious market behavior. Even as the Central Bank of Brazil tightened monetary policy to combat inflation, its impact on industrial recovery remained limited. Overall, the quarter was marked by subdued demand, low pricing, and minimal movement across the supply chain. The consistent lack of urgency from buyers and persistent economic headwinds cemented a bearish sentiment across the South American Butyl Acrylate market throughout the first quarter.
For the Quarter Ending December 2024
North America
In the final quarter of 2024, the US butyl acrylate market exhibited sustained bearish trends, driven by declining production costs and weak demand for the commodity from downstream sectors such as coating and construction. This downward pressure was influenced by lower prices of feedstocks butanol and acrylic acid. Economic factors, including Hurricane Milton's impact on construction projects and the International Longshoremen's Association strike affecting major ports, further strained the market.
Additionally, subdued demand due to the declining construction sector performance, as reported by the U.S. Census Bureau, led to ample inventories. Although the Federal Bank's interest rate cut aimed to stimulate demand, it had minimal impact. Market participants were struggling with high inventories along with the reduced demand without significant new orders.
The cautious approach, influenced by economic and political uncertainties, such as Donald Trump's presidential victory in 2024, ensured stable pricing amid a bearish market sentiment. Overall, the quarter saw limited trading activity, with market sentiment remaining cautious and bearish.
APAC
During Q4 2024, the butyl acrylate market in Japan experienced mixed sentiments, primarily influenced by rising production costs and external economic factors. Early in the quarter, the butyl acrylate market witnessed an incline amid the fluctuations in the feedstocks, acrylic acid, and n-butanol, but this shifted to a more bearish outlook by the end of the quarter. Increased feedstock costs and broader economic pressures, such as challenges in the construction sector and high bankruptcy rates among companies, created volatility. Despite occasional bullish influences from external economic activities, including increased trade flows from China after the Golden Week holiday, the construction sector's struggles and labor shortages weighed heavily on the market. Economic and political uncertainties, including the impact of recent interest rate hikes and labor cost inflation, also influenced market sentiments. The bearish sentiment of butyl acrylate persisted towards the end of the quarter as market participants focused on maintaining inventory levels amidst these challenges, reflecting a restrained market environment for butyl acrylate.
Europe
During Q4 2024, the butyl acrylate market in Europe exhibited a complex mix of trends, with slight upward movements early in the quarter driven by increased inquiries and insufficient inventory levels. Furthermore, reduced production costs due to lower feedstock prices for n-butanol and acrylic acid, the overall market sentiment remained bearish. The construction sector faced significant challenges, including strained industry conditions, job cuts, and pessimistic future expectations, further weighing on the market. Events such as the ECB's interest rate cut and market instability caused by economic and political factors, including the looming threat of trade tariffs, added to the cautious outlook. German construction sector's ongoing struggles, highlighted by accelerating industry activity declines and high business uncertainty underscored the bearish sentiment. Moreover, transportation disruptions in northern Germany exacerbated the difficulties, leading to cautious market behavior and stable but lower price quotations. Despite temporary upticks, the market was marked by weak demand from downstream sectors, ample inventories, and a subdued trading environment, reflecting the persistent challenges faced by the butyl acrylate industry amid broader economic uncertainties.
South America
During Q4 2024, the butyl acrylate market in Brazil consistently showed bearish trends, mainly due to lower production costs driven by declining prices of feedstocks like n-butanol and acrylic acid. Subdued demand from downstream sectors, particularly the coating and construction industries, further reinforced the bearish sentiment. The impact of the International Longshoremen’s Association strike in the US disrupted supply chains but had minimal positive impact on market trends, as ample inventory levels already met reduced demand. Additionally, challenges within the construction sector and overall economic uncertainties, such as high inflation and weak investor sentiment, contributed to the market's downturn. Despite the Brazilian government’s focus on infrastructure development and public-private partnerships, new orders for butyl acrylate continued to decline, showcasing declining import costs and competitive pressures. Business confidence fell, leading market participants to adopt cautious approaches, with strategies focused on maintaining stability rather than growth. This collective interplay of economic factors, supply chain disruptions, and cautious procurement activities underscored the persistent bearish conditions in the Brazilian butyl acrylate market throughout the quarter.
MEA
In Q4 2024, the butyl acrylate market in Saudi Arabia exhibited a bearish trend. Despite significant growth in the construction sector driven by Vision 2030 projects, the market experienced weakened demand from downstream coating and construction enterprises. This was compounded by ample inventory levels of butyl acrylate, leading to a reduction in new orders as existing stock consumption dwindled. Orders from overseas markets also witnessed a decline, resulting in reduced market activity among players. Consequently, market participants adopted a cautious approach, proactively lowering their quotations to attract buyers and stimulate procurement activities. This strategic adjustment reflects the market's conservative stance amidst current supply-demand dynamics. The combination of moderate demand and stable inventory levels continued to reinforce the bearish sentiment in the butyl acrylate market in Saudi Arabia. Moreover, the proactive measures to manage inventory and pricing underscored the market's adaptive strategies in response to fluctuating economic conditions. Overall, these factors collectively contributed to maintaining the bearish outlook, despite underlying growth in related sectors. The market's response indicates a balanced approach aimed at sustaining stability and addressing ongoing challenges within the industry.
For the Quarter Ending September 2024
North America
In Q3 2024, the North American Butyl Acrylate market witnessed a downward trend, with prices declining by 1% from the previous quarter. The most pronounced drop was in Mexico, where prices reached USD 1610/MT CFR Manzanillo by the end of the quarter. This decline can be attributed to multiple factors, including a reduction in demand from key downstream sectors like coatings and adhesives. These sectors faced weaker market conditions, reducing their consumption of Butyl Acrylate, which put downward pressure on prices.
Additionally, fluctuations in feedstock costs, especially n-butanol, played a crucial role in the pricing decline. Changes in crude oil prices and production constraints in the petrochemical industry contributed to higher volatility in production costs. However, the market struggled to pass on these costs to downstream industries due to weak demand, further straining margins.
Seasonal effects also contributed to the price reduction, as demand typically softens during the summer months when construction activity slows down, and industrial production eases. This seasonal lull exacerbated the pricing challenges, and the overall sentiment remained bearish. The North American market, therefore, continued to experience a difficult pricing environment for Butyl Acrylate, reflecting broader economic and industrial trends.
APAC
In Q3 2024, the Butyl Acrylate market in the APAC region experienced a stable pricing environment, largely influenced by several key factors. Despite fluctuations in feedstock prices, including n-butanol and acrylic acid, adequate inventory levels and moderate demand from downstream sectors, such as coatings and construction, helped maintain price stability. The balance between supply and demand plays a crucial role in preventing significant price volatility. The market sentiment remained cautious, with participants opting for a wait-and-watch approach, ensuring that market dynamics did not shift drastically. China, which experienced the most pronounced price changes, experienced a -8% decrease in Butyl Acrylate prices compared to the same quarter last year. This decline can be attributed to lower production costs and subdued demand, which were effectively countered by stable inventory levels. From the previous quarter in 2024, there was a slight -2% decrease, highlighting the stability in market conditions. Across the quarter, pricing remained consistent with a 0% change between the first and second halves, underscoring the steady market sentiment. At the end of the quarter, the Butyl Acrylate price settled at USD 1180/MT FOB Qingdao in China, reflecting a stable pricing environment. This consistency indicates a neutral sentiment, with neither significant positive nor negative trends dominating the market landscape during this period.
Europe
The third quarter of 2024 has been challenging for the Butyl Acrylate market in Europe, characterized by a significant decrease in prices. Several key factors have influenced this downward trend. Weak performance in the housing sector, lack of new projects in the construction industry, and subdued demand from the Coating and Construction sectors have all contributed to the bearish market sentiment. Additionally, a significant decline in Butanol and acrylic acid prices has lowered the production costs of Butyl Acrylate, further impacting market prices. In the Netherlands, the market experienced the most significant price changes during this quarter. The overall trends in the region have shown a consistent decline in prices, with a 6% decrease compared to the same quarter last year. The quarter-on-quarter change was recorded at -9%, indicating a further decrease in prices. Moreover, there was a notable price difference between the first and second half of the quarter, with prices dropping by 5%. The quarter ended with Butyl Acrylate priced at USD 1440/MT FD Rotterdam, reflecting the persistently negative pricing environment in the region.
MEA
In Q3 2024, the Butyl Acrylate market in the MEA region experienced a mixed trend. In H1 of Q3, the Butyl Acrylate market witnessed a rise in its trend showcasing bullish market sentiments which can be attributed to a surge in the production cost of the commodity due to the increased prices of the feedstock, Acrylic Acid. The market sentiments were significantly impacted by the escalating Red Sea crisis, which continued to disrupt supply chains and contribute to market bullishness. In response to these challenges, market players adjusted their ex-quotations upward to mitigate the difficulties they faced and to improve their profit margins. Concurrently, buyers engaged in bulk procurement activities to bridge the widening gap between supply and demand, further supporting the upward trend in prices. However, the H2 of Q3 experienced a decline in its trend. The bearish trend was primarily driven by weakening demand from downstream sectors like coatings and construction, coupled with ample inventory levels, exerting downward pressure on prices. The stable production costs from acrylic acid feedstock prices further contributed to the downward pricing trend. Saudi Arabia, in particular, saw substantial price changes, with an 18% decrease from the same quarter last year and a 2% decrease from the previous quarter in 2024. The quarter-ending price in Saudi Arabia stood at USD 1290/MT for Butyl Acrylate FOB Al Jubail.
South America
In Q3 2024, the South American region observed a significant decline in Butyl Acrylate prices, reflecting a challenging market environment. Several factors contributed to this downward trend. Reduced production costs stemming from bearish feedstock prices for n-butanol and acrylic acid played a crucial role in driving prices lower. Weak demand from downstream sectors, particularly in coatings and construction, further exacerbated the pricing pressure. Additionally, the narrowing price spread between feedstocks and Butyl Acrylate highlighted the overall weakness in the market. Within Brazil specifically, the market experienced the most pronounced price changes during the quarter. Overall trends indicated a consistent decrease in prices, with an 8% decline from the same quarter last year. Compared to the previous quarter in 2024, prices dropped by 1%, with a further 1% decrease noted between the first and second halves of the quarter. The quarter-ending price of Butyl Acrylate CFR Santos in Brazil stood at USD 1620/MT, underscoring the prevailing negative sentiment and challenging pricing environment throughout Q3 2024.
For the Quarter Ending June 2024
North America
The North American market for Butyl Acrylate in Q2 2024 exhibited remarkable stability, with prices largely unaltered compared to both the previous quarter and the first half of the same quarter. This steadfast pricing environment was underpinned by several key factors. First, the consistent production costs due to stable prices of feedstocks, n-butanol, and acrylic acid played a crucial role. The absence of significant supply chain disruptions and sufficient inventory levels ensured a balanced market scenario. Furthermore, inflationary pressures eased to a six-month low, supporting stable input costs.
Focusing exclusively on the USA, which experienced the most notable price changes within the region, the overall trend in Butyl Acrylate pricing remained stable. Despite economic uncertainties and high inflation rates, the market demonstrated resilience. The demand from downstream sectors, particularly Paint and Coating, was moderate but adequately met by existing inventories. This approach helped maintain the equilibrium between supply and demand. The correlation between steady production costs and stable market prices was evident, reflecting a robust market sentiment. From a year-over-year perspective, the price of Butyl Acrylate in Q2 2024 showcased a 7% increase compared to the same quarter last year, signifying a positive pricing environment.
However, the comparison with the previous quarter in 2024 showed no change, indicating firm stability. This consistency was reflected in the negligible price variation between the first and second halves of the quarter. Despite external economic fluctuations, the North American Butyl Acrylate market navigated Q2 2024 with remarkable stability, ensuring a positive yet steady pricing sentiment.
APAC
In Q2 2024, Butyl Acrylate prices in the APAC region experienced a notable decline due to several significant factors. Chief among these was subdued demand from the downstream Paint and Coating sectors and ample inventory levels that led to an oversupply of the commodity. Disruptions in trade inflows and increased production costs due to rising prices in feedstock markets, particularly Acrylic Acid, further contributed to the bearish pricing environment. Seasonality played a role as well- the post-Lunar New Year spike in market activity inflated prices temporarily, but this was followed by stabilization and subsequent declines as the market rebalanced. Japan witnessed the most pronounced price changes within the region. With a percentage change of -9% from the same quarter last year and a -7% from the previous quarter in 2024, the Japanese Butyl Acrylate market reflected a consistent downward trend. This decline was exacerbated by sluggish demand and surplus inventory levels, which pressured suppliers to lower their quotations to attract buyers. The price comparison between the first and second half of the quarter showed a -1% change, indicating a steady decrease in prices as the quarter progressed. The environment reflects a challenging period for the Butyl Acrylate market, characterized by persistent oversupply and weak demand that have driven prices downward.
Europe
In Q2 2024, the Butyl Acrylate market in Europe experienced a sustained upward trend in pricing, driven primarily by a combination of increased production costs and robust demand from downstream sectors such as Paint and Coating. This inflationary pressure has been compounded by rising feedstock prices, notably Acrylic Acid and Propylene, which directly impacted the production expenses for Butyl Acrylate. Additionally, logistical disruptions, such as ongoing farmer protests and a nationwide rail strike, exacerbated supply chain constraints, leading to tighter inventory levels and thus contributing to higher prices. The market sentiment remained bullish throughout the quarter, supported by a persistent demand-supply imbalance and increased trading activities among major manufacturers. Focusing on Germany, the Butyl Acrylate market has seen the most pronounced price changes within the region. The overall trend has been characterized by a steady rise in prices, influenced by seasonal factors such as heightened construction activity during the warmer months, which correlates with increased demand for construction-related products like Paints and Coatings. This seasonality effect, coupled with improved economic conditions, supported the price increases observed. Comparatively, prices have decreased by 10% from the same quarter last year, reflecting a recovery from previous lows. However, there was an 8% increase from the previous quarter in 2024, manifesting a strong upward momentum. Within the quarter, prices rose by 4% from the first to the second half, underscoring the continuous demand pressure. The significant upward price adjustments indicate a resilient market with robust demand and constrained supply, fostering an overall positive sentiment in the Butyl Acrylate market in Europe.
MEA
The second quarter of 2024 has been characterized by a notably dynamic pricing environment for Butyl Acrylate in the MEA region. The market witnessed a pronounced escalation in prices, driven primarily by supply chain disruptions and heightened geopolitical tensions in the Red Sea region. These factors exacerbated logistical challenges, leading to increased freight charges and delayed shipments. Additionally, rising upstream costs, particularly in the Acrylic Acid feedstock market, compounded the overall production expenses, further fueling the upward price trajectory. The robust demand from downstream sectors, predominantly Construction, Paint, and Coating, persisted despite these headwinds, underscoring the sector's resilience and contributing to the market's bullish sentiment. Focusing on Saudi Arabia, the country experienced the most significant price fluctuations within the region. The overall trend exhibited a strong upward momentum, influenced by seasonal peaks in construction activities and an amplified demand for coating applications. Compared to the same quarter last year, Butyl Acrylate prices surged by an impressive 26%, reflecting the market's bullish trajectory. From the previous quarter in 2024, prices saw a substantial 10% increase, indicating sustained price inflation within a relatively short period. The contrast between the first and second halves of the quarter was stark, with a 24% price elevation, underscoring the volatile yet upward-trending market conditions. The market environment has been favorable, driven by persistent demand and exacerbated by supply-side constraints, leading to a consistent upward pressure on prices.
