Acrylate Ester Price In USA
- Korea: 2,530 USD/Ton
The price of acrylate ester in Korea for Q1 2024 reached 2,530 USD/Ton in March.
The latest report by IMARC, titled "Acrylate Ester Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of Acrylate Ester prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Acrylate Ester Prices December 2023:
- Korea: 2,530 USD/Ton
- Brazil: 1,460 USD/Ton
Report Offering:
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The study delves into the factors affecting Acrylate Ester price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Acrylate Ester Price Trend- Q4 2023
The acrylate ester market is primarily driven by its extensive application across various industries such as paints and coatings, adhesives and sealants, textiles, and plastics. The demand for acrylate esters is bolstered by the growth in the construction and automotive sectors, where these compounds are vital for producing high-performance coatings and adhesives. Additionally, the burgeoning demand for personal care products, where acrylate esters serve as key ingredients in formulations due to their excellent adhesion properties and flexibility, further propels market growth. Technological advancements and innovations in polymer production processes are enhancing the performance characteristics of acrylate esters, making them more efficient and cost-effective. Environmental regulations are also steering the market towards the development and adoption of eco-friendly acrylate esters, contributing to the market’s expansion. Furthermore, the rising trend of using lightweight and durable materials in various end-use industries, combined with increasing investments in research and development, is fostering the continuous evolution and growth of the acrylate ester market globally.
Acrylate Ester Market Analysis
The global acrylate ester market size reached US$ 10.9 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 20.8 Billion, at a projected CAGR of 7.40% during 2023-2032. In North America, acrylate ester prices in the last quarter were influenced by a combination of raw material costs, supply chain disruptions, and fluctuating demand from key industries. The prices of crude oil and propylene, primary feedstocks for acrylate esters, have seen volatility, directly impacting production costs. Supply chain issues, particularly logistical challenges and transportation costs, have also played a significant role. Additionally, the demand from sectors such as automotive, construction, and consumer goods fluctuated, influencing price dynamics.
European acrylate ester prices in the last quarter were impacted by energy costs, regulatory changes, and market demand shifts. The energy crisis in Europe led to increased production costs for manufacturers, which were passed on to the prices of acrylate esters. Regulatory changes aimed at promoting sustainability and reducing carbon footprints have also affected production processes and costs. Furthermore, the demand from end-use industries, especially construction and personal care, saw variations that influenced the market prices.
In the Asia-Pacific region, acrylate ester prices were primarily influenced by raw material availability, manufacturing capacity, and regional demand fluctuations. The region's dependency on imported raw materials saw price variations due to supply chain disruptions and geopolitical tensions. Additionally, the production capacity of acrylate esters in key manufacturing hubs like China and India played a crucial role. The demand from fast-growing industries such as electronics, textiles, and automotive contributed to price adjustments in the market.
Latin America's acrylate ester prices were shaped by economic conditions, regional supply constraints, and demand from local industries. Economic instability in several countries led to currency fluctuations, affecting import costs for raw materials. Supply constraints due to limited regional production capacity and reliance on imports also influenced prices. Moreover, demand from industries such as adhesives, paints, and coatings saw variations that impacted the pricing landscape.
In the Middle East & Africa, acrylate ester prices were driven by regional production capabilities, feedstock availability, and demand trends. The availability and cost of feedstocks like propylene, often linked to the oil and gas sector, played a significant role. Regional production capabilities, particularly in emerging manufacturing hubs, also influenced prices. Additionally, the demand from industries such as construction, automotive, and consumer goods saw fluctuations that impacted the market prices.
Browse Full Report: https://www.imarcgroup.com/acrylate-ester-pricing-report
Key Points Covered in the Acrylate Ester Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Price of Acrylate Ester
- Acrylate Ester Price Chart
- Acrylate Ester Demand
- Acrylate Ester Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Acrylate Ester Price Analysis
- Acrylate Ester Industry Drivers, Restraints, and Opportunities
- Acrylate Ester News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand.
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece.
- North America: United States and Canada.
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco.
Browse More Pricing Reports By IMARC Group:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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