Acrylic Acid price December 2024 and outlook (see chart below)
- North America:US$1.27/KG, -0.8% down
- Europe:US$1.41/KG, unchanged
- Northeast Asia:US$0.92/KG, unchanged
- Southeast Asia:US$0.99/KG, unchanged
Business Analytiq assumes no responsibility or liability for any errors or omissions in the content of this site. The information contained in this site is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness, fitness for purpose or timeliness.
Acrylic Acid price index
This post is a summary of the acrylic acid price developments. The price developments of acrylic acid are expressed in US$ 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
NEED A QUICK DOWNLOAD?
ACCESS TO OUR FULL DATABASE IS US$399/YEAR, WITH A 30-DAY $30 TRIAL
GET THAT DOWNLOAD IN 3 MINUTES!
BusinessAnalytiq provides a database of hundreds of market & price trend data, as well as online tools to set up benchmarks and leading indicators.
Where does the data come from?
- The source of the data are exclusively public non-confidential sources. We have no access to primary data
- This the index trend of the price trend of the "product category" in general, and not a single specification of the product in particular
- The data is a combination of contract and spot pricing
- Our algorithms are set up to eliminate significant product mix impact on the reported price
- We combine public publications, import/export records, trading prices, company announcements, magazine articles, tweets, and other sources of ad-hoc public information.
- The chart shows the our best approximation of the market trend based on our algorithm interpretation of the signals
- For most indexes we have multiple sources and we focus on using statistically-correlated sources
- As a function of our automation, it is likely that recent trends will be adjusted as we discover more information. So, for example, the price trend for February 2024 will be first calculated in February 2024 and adjusted in March, April and May 2024.
- We will update the data trend as more information becomes available, and this means that recent trends will always be adjusted as we get more data available
- The algorithm will regularly revise our understanding of market trends, and indicated market trends may change
- The data is presented in US$. The UOM of measure is shown in the Index list table
- Our automated software and we do our best to create an accurate representation of the trend
Where does the data NOT come from?
- We do not purchase data from any other source and republish it.
- We will not purchase data from any other source and republish it
- We do not extrapolate trends, even for the forecast. We look for other market signals and leading indicators
What data should our company use?
- If you are making decisions driving significant share of profit, we always recommend that you buy data from the companies who invest in direct primary market access such as ICIS, amongst many others
- Our data, at best, represents an estimate of the market trend based on public information
- We have no direct access to the market, and we do not interview suppliers and customers
- Our automated analysis tools in the online software are set up to combine our data with other sources of data
- We do not recommend that you use our data for direct price mechanisms, as we may change and improve the data trends over time, including historical data
What does the quality indication in the main menu mean?
- Quality level A: Data is from a reliable and confirmed source
- Quality level B: Data is from multiple credible sources and there are no major statistical inconsistencies between them
- Quality level C: Data is from multiple credible sources and there are some statistical inconsistencies between them
- Quality level D: Data is from a single credible source, but we cannot verify the data
- Quality level E: Data is either:
- From a single source, which we consider reliable, but we cannot verify the data.
- From 2 or more sources which have some periods of contradicting trends.
- Quality level F: Data is from a single source which we consider indicatively correct, but the data is anecdotal and we cannot verify the data.
What are the disclaimers?
- We assume no responsibility or liability for any errors or omissions in the content of this site.
- The information is provided on an “as is” basis with no guarantee of completeness, accuracy, usefulness, fitness for purpose or timeliness.
- By their nature, outlooks are always uncertain
How often do we update the data?
- We aim to update the data series on the 9th and 24th of each month (but we do not always make it for each chart)
- The data for the current month and recent history are fine-tuned over time.
What are we doing to improve the data?
- We are continually improving our data collection and processing methods
- Pricing data will be updated from time to time as we improve the accuracy
- We are reviewing all data sources in the first half of 2024.
- There will be continuous fine-tuning of the trend and forecast algorithm as part of that.
- The key focus in 2024 is to add many additional indexes
How can i give feedback on the data or request for new indexes
- Feel free to contact us if you have a specific request. You can reach us via the Contact us page