CATEGORY

Acrylic Acid

In depth analysis of the acrylic acid market across NA, EMEA and APAC with a focus on capcity-demand analysis, industry analysis, cost structure,historic/ forecast price trends and preferred sourcing strategy.

Beroe LiVE.Ai™

AI-powered self-service platform for all your sourcing decision needs across 1,600+ categories llike Acrylic Acid.

Market Data, Sourcing & Supplier Intelligence, and Price & Cost Benchmarking.

Schedule a Demo

Acrylic Acid Market Monitoring Dashboard


Price Trend
3550.00
Dec-2022
EUR/MT
History Forecast
Supply Demand

Understand the correlation between costs, margins, and prices impacting your category on a real time basis on Beroe LiVE.Ai™

Acrylic Acid Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Acrylic Acid category is 6.50%

Payment Terms

(in days)

The industry average payment terms in Acrylic Acid category for the current quarter is 187.5 days

Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™

Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

Meet Abi

The World’s first Digital Market Analyst

    Schedule a Demo
    Meet Abi

    The World’s first Digital Market Analyst

    Abi, the AI-powered digital assistant brings together data, insights, and intelligence for faster answers to sourcing questions

    Acrylic Acid Suppliers


    2,226
    Total Suppliers
    38
    Diverse Suppliers
    75
    Normalized Supplier Rating
    Acrylic Acid Supplier

    Find the right-fit acrylic acid supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    BASF SE
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    1
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.


    Creditsafe Rating


    D/2

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    A 71 - 100

    Very Low Risk

    B 51 - 70

    Low Risk

    C 30 - 50

    Moderate Risk

    D 21 - 29

    High Risk

    E 0 - 20

    Not Rated


    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    59

    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    60
    Social
    59
    Governance
    57
    6 Domains Performance (/100)
    Business behaviour
    62
    Human rights
    68
    Community Environment
    42
    Corporate governance
    60
    Human resources
    61
    Security Scorecard
    82

    Threat indicators
    B
    83
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    D
    62
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    80
    Application Security
    Detecting common website application vulnerbilities
    B
    81
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    B
    85
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    94
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    basf.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    17
    Workforce Health Safety Issues
    0
    Product Service Issues
    22
    Human Rights Issues
    3
    Production Supply Chain Issues
    35
    Environmental Non Compliance Flags
    74
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    21
    Fraud Issues
    8
    Labor Health Safety Flags
    12
    Regulatory Issues
    13
    Workforce Disputes
    6
    Sanctions
    0
    esg energy transition
    49
    Discrimination Workforce Rights Issues
    3
    esg controversies critical severity
    Yes

    Acrylic Acid market report transcript


    Global Acrylic Acid Market Outlook

    The global acetic acid market is expected to grow at a CAGR of 4 percent during 2020–2024. The impetus for this growth comes from demand in Asia, which is expected to grow at 5–6 percent, due to anticipated growth in VAM and PTA segments

    VAM demand is expected to be driven by the construction segment (3–4 percent CAGR) and PTA to be driven by PET (4–5 percent CAGR) for the next 4–5 years

    Rising disposable income, increasing demand for SAP from the CPG industry, and a steady growth in the automobile industry are expected to drive the growth of acrylic acid in the emerging markets, such as Brazil, China, India, etc.

    Demand Market Outlook

    • The global acrylic acid market is oversupplied with all three regions being self-sufficient to meet their demand. However, even after capacity addition by BASF in Brazil, LATAM depends on imports to meet the demand
    • China, rest of Asia, and MEA are the key regions for the suppliers to focus on, as the demand growth is high in these regions until 2021

    Industry Best Practices

    Contract Models

    • Key contract models followed in the industry:

     –  Index-based pricing
     –  Fixed price with renegotiation option
     –  Volume-based pricing (mostly followed)
     –  Per-order contract (spot purchases) 
     –  Cost plus pricing
     –  Mixed pricing


     Contract Length

    •  Typical length of the contract varies from acrylate esters and CPG industry. The length of the contract is between 1 and 3 years for the paints and coatings industry, as the industry is well supplied, and it is easy to switch suppliers, whereas GAA suppliers are lesser compared to CAA, due to which the suppliers have their negotiation power and the length of the contract is 3–5 years

    Global Capacity – Demand Analysis

    • The current installed capacity will be more than sufficient to meet the global demand of acrylic acid until 2022
    • Acrylic acid demand will be mainly driven by construction, automobile, and SAP industries, especially in Brazil, China, and India

    Market Outlook

    SAP industry to drive the demand

    • Growing demand from the SAP industries in the APAC region will continue to be the key demand driver of acrylic acid
    • Increasing per capita consumption, disposable income, and low penetration rate of diapers in China, India, and other Asian countries will be the key growth drivers of acrylic acid

    Sufficient capacity until 2022

    • The current installed capacity will be more than enough to meet the global demand until 2022. The average operating rate of the suppliers is anticipated to be approx. 65 – 75 percent, which is more sufficient to meet the demand levels
    • More capacities are likely to be added in 2019-2020, owing to the improving demand from the CPG industry

    Increasing demand from other applications

    • Other downstream industries of acrylic acid, such as water treatment and detergent co-builders, are expected to grow by about 4 percent Y-o-Y until 2022. However, they have a less impact on acrylic acid prices, as their market size is only about 11 percent of the total end-use market

    Global Trade Dynamics

    • Acrylic acid suppliers in APAC hold majority of the capacity share
    • Most of the trade occurs from eastern to western parts of the globe to meet the acrylic acid demand at the least cost
    • The current scenario of the acrylic acid market is that majority of the excess supply in APAC is exported to regions, such as MEA, CEE, and LATAM, to meet its growing acrylic acid demand from acrylate esters and CPG industries

    Industry Drivers and Constraints

    Drivers

    • Rising demand for SAP in APAC: Acrylic acid procurement intelligence indicates a steady increase in demand from the personal hygiene industry, due to the low penetration rate of diapers, is expected to drive the demand of acrylic acid in the future
    • Improving demand from the automobile industry: A steady improvement in demand from the automobile industry in the U.S., the EU, and APAC is driving the demand of acrylic acid
    • Increasing demand for contract manufacturing: Increasing demand from personal hygiene, paints and coatings from the emerging countries, like Brazil, China, and India, are inviting contract acrylic acid manufacturers to meet their demand

    Constraints

    • Environmental concerns: Since acrylic acid is derived from petroleum-based feedstock, there are certain environmental concerns that are associated with the product, which is a key constraint for the growth of SAP. To counter such issues, few companies, like Cargill, Novozymes, Arkema, and Nippon Shokubai, have invested on the research of bio-acrylic acid
    • Volatile feedstock prices: Feedstock propylene prices are highly volatile, driven by crude prices, which fluctuate M-o-M. Feedstock price pressure hampers the profit margins of acrylic acid, as they are highly dependent on propylene prices
    • Oversupplied market: The global acrylic acid market is oversupplied, which has caused some suppliers to reduce their operating rate or permanently shut down plants. There are more capacity additions following despite these market conditions, which is a big restraint in the industry.