Acrylic Acid price October 2024 and outlook (see chart below)
- North America:US$1.72/KG, -2.8% down
- Europe:US$1.3/KG, -2.3% down
- Northeast Asia:US$0.94/KG, 1.1% up
- Southeast Asia:US$1/KG, unchanged
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Acrylic Acid price index
This post is a summary of the acrylic acid price developments. The price developments of acrylic acid are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Acrylic acid price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for acrylic prices, on the second tab, is generated from different inputs including:
- Very recent price developments of immediate cost drivers of acrylic acid prices
- Recent price developments of underlying feedstocks which drive the price of acrylic acid
- Market futures for both cost drives and feedstocks of acrylic acid prices
- Adjustment of current supply/demand imbalances in the acrylic acid market
- Longer term trends in likely demand conditions
Further sources of information on the Acrylic Acid price index
What is Acrylic acid
Acrylic acid is a colorless liquid with a pungent, fruity odor. It is a type of unsaturated carboxylic acid, which means that it contains a carbon atom double-bonded to an oxygen atom and a hydroxyl group (-OH) on the same carbon atom. Acrylic acid is highly reactive and readily polymerizes, or combines with itself, to form a variety of polymers.
Acrylic acid is used in the production of a wide range of products, including plastics, fibers, resins, and coatings. It is also used in the production of detergents, emulsion polymers, and adhesives. Acrylic acid is used in the paper industry as a retention aid, and it is also used in the production of personal care products such as shampoos and lotions.
Acrylic acid is a volatile organic compound (VOC) and can be harmful if inhaled or ingested. It can cause irritation to the eyes, skin, and respiratory system, and it is classified as a hazardous substance. It should be handled with caution and appropriate safety measures should be taken when working with it.
How is Acrylic acid produced
Acrylic acid is produced through the oxidation of propylene, a hydrocarbon, using oxygen or air as the oxidizing agent. This process is known as the direct oxidation of propylene. The reaction takes place at high temperatures and pressures in the presence of a catalyst, such as vanadium pentoxide or molybdenum oxide.
The direct oxidation of propylene is the most common method for producing acrylic acid, but it can also be produced through the hydrolysis of acrylonitrile or the oxidation of 2-propanol.
Overall, the production of acrylic acid involves chemical reactions that convert raw materials into the final product. The specific process used depends on the availability of raw materials and the desired end product
What is Acrylic acid used for
Acrylic acid is a versatile chemical that is used in the production of a wide range of products. Some common uses of acrylic acid include:
Plastics
Acrylic acid is used in the production of acrylic resins, which are used to make a variety of plastic products such as sheets, films, and fibers.
Fibers
Acrylic acid is used in the production of synthetic fibers, such as acrylic and modacrylic fibers, which are used in clothing and other textile products.
Resins
Acrylic acid is used in the production of resins, which are used as binders in coatings, adhesives, and other products.
Detergents
Acrylic acid is used in the production of detergents and cleaning agents.
Emulsion polymers
Acrylic acid is used in the production of emulsion polymers, which are used in a variety of products including paints, coatings, and adhesives.
Personal care products
Acrylic acid is used in the production of personal care products such as shampoos and lotions.
Overall, acrylic acid has a wide range of uses due to its chemical stability and ability to react with other substances to form a variety of products.
How big is the Acrylic acid market
It is difficult to estimate the size of the global acrylic acid market as a whole, as it is used in a variety of industries and applications. However, acrylic acid is an important chemical and is widely used in the production of a variety of products. According to some estimates, the global acrylic acid market was valued at around $13.8 billion in 2019 and is expected to grow at a compound annual growth rate of around 5.5% from 2020 to 2025. The growth of the acrylic acid market is driven by factors such as increasing demand for acrylic acid in the production of plastics and other products, as well as growing demand for acrylic acid in the construction and personal care industries.
According to https://oec.world/ :
Acrylic acid, salts are the world’s 2310th most traded product.
In 2020, the top exporters of Acrylic acid, salts were Saudi Arabia ($109M), Germany ($95.2M), Belgium ($67.4M), Malaysia ($62.1M), and China ($59.9M).
In 2020, the top importers of Acrylic acid, salts were India ($111M), Belgium ($58.3M), Germany ($56.4M), China ($54.1M), and Netherlands ($47.7M).
Further reading
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