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Acrylic acid appears as a colourless liquid with a typical acrid odour, a flash point of 130 °F, a boiling point of 286°F, and a freezing point of 53 °F. It is destructive to metals and tissue. Persistent exposure to fire or heat can initiate polymerisation. There can be a violent rupture if the polymerisation occurs in an enclosed vessel. Acrylic acid is alpha, beta-unsaturated monocarboxylic acid that is ethene replaced by a carboxy group. It plays the role of a metabolite and is a conjugate acid of an acrylate.
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China is the biggest Acrylic Acid-producing country in the world, followed by South America, which has also developed as a major acrylic acid manufacturing country. Other Asian countries that are among the acrylic-producing countries are India and Indonesia.
Key Details About the Acrylic Acid Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Acrylic Acid price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Acrylic Acid Price chart, including India Acrylic Acid price, USA Acrylic Acid price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Acrylic Acid Price Trend:
The main utilisation of acrylic acid is in manufacturing acrylic esters and resins that are employed predominantly in coatings and adhesives. In addition, it is also utilised in the oil treatment of chemicals, detergent intermediates, water treatment chemicals, and water-absorbent polyacrylic acid polymers. It is also extensively employed for polymerisation, involving the making of polyacrylates.
Moreover, acrylic acid is used in the production of plastics, as a tackifier, as a flocculant, in the manufacturing of water-soluble resins and salts, as a comonomer in acrylic emulsion and solution polymers and moulding powder for signs, construction units, decorative emblems and insignias. Besides, acrylic acid is also utilised in polymer solutions in coatings, paints, leather finishing, polishes and adhesives and commonly used finishes and binders.
Key Players:
- The Dow Chemical Company
- BASF SE
- LG Chem Ltd.
- Mitsubishi Chemical Corp.
- PJSC Sibur Holdings
News & Recent Development
- March 13, 2023: BASF announced the opening a new production facility at its Verbund site in Zhanjiang, China. This site is planned to start its operation by 2025; the facility will display yearly output of 400,000 metric tons of butyl acrylate (BA) and 100,000 metric tons of 2-ethylhexyl acrylate (2-EHA), combined with plants for glacial acrylic acid (GAA). According to the organisation, it is a considerable milestone in further augmenting their production capabilities in the acrylics value chain in China. The new and innovative world-class facilities will help the company fulfil the increasing demand for acrylics in several industries, such as hygiene or paint and coatings, in the Chinese and Asian markets.
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We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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Reference Link: https://researz.com/acrylic-acid-price-forecast/
