beroe-ai

Acrylic Acid
Market, Supplier, Risk and
Competitive Intelligence

best-value

With this purchase you will be subscribed for a 12-month PRO membership to AI Powered Procurement Productivity Suite - Beroe LiVE.Ai

feature

 No Additional Benefits

Subscription Benefits:

  • PRO access to New Beroe LiVE*
  • Category Report with unlimited updates*
  • Supplier Watchlist for 3 suppliers*
  • Supplier Shortlisting Tool*

With this purchase you will be subscribed for a 12-month PRO membership to AI Powered Procurement Productivity Suite - Beroe LiVE.Ai

feature

Manage Acrylic Acid Category with Ai powered
Procurement Productivity Suite

meet-abi-1

Abi will answer all Acrylic Acid related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

discover-market-info

Get up-to-date market and supplier info on Acrylic Acid to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

assess-category-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

source-market-indices

Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

meet-abi-1

Abi will answer all Acrylic Acid related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

discover-market-info

Get up-to-date market and supplier info on Acrylic Acid to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

assess-category-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

source-market-indices

Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

Get Beroe LiVE.Ai subscription for your team

17k + companies trust Beroe for their supply market intelligence needs

Check out what’s included in market information for Acrylic Acid on Beroe LiVE.Ai

Learn More about Beroe LiVE.Ai

Report Coverage

  • Global Capacity–Demand Analysis
  • Global Trade Dynamics
  • Cost Structure Analysis
  • Regional Capacity Share by Suppliers

Global Market Capacity

CAGR

4 Percent

North America Market Capacity

2.8 MMT

Europe Market Capacity

1.1 MMT

APAC Market Capacity

12.5 MMT

Table of contents

  1. Acrylic Acid Executive Summary
  2. Supply Market Outlook
  3. Demand Market Outlook
  4. Industry Best Practices
  5. Category Strategy
  6. Category Opportunities & Risks
  7. Category Summary: COVID-19 Impact
  1. Acrylic Acid Market Analysis
  2. Global Market Outlook
  3. Demand–Supply Trends and Forecast
  4. Key End-use Industries
  5. Trade Dynamics
  6. Regional Market Outlook (North America, EU, and Asia)
  7. Regional Market Snapshot
  8. Demand–Supply Trends and Forecast
  9. Trade Dynamics
  10. COVID-19 Impact
  1. Acrylic Acid Industry Analysis
  2. Industry Outlook (North America, EU, and APAC, LATAM)
  3. Porter's Five Forces Analysis
  4. Drivers and Constraints for the Industry
  5. Industry Events

 

  1. Innovation and Sustainability
  2. Innovation and Sustainability
  1. Market Monitoring Insights
  2. Cost Analysis
  3. Cost Structure Analysis
  4. Acrylic Acid Industry Best Practices
  1. Supplier Section & Industry Best Practices
  2. Key Global Suppliers
  3. Key Regional Suppliers
  4. Supplier Profile
  5. SWOT Analysis
  6. Industry Best Practices

Want a more detailed personalised report?

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.

 

 

 

With this purchase you will be subscribed for a 12-month PRO membership to AI Powered Procurement Productivity Suite - Beroe LiVE.Ai

feature

Complimentary 12-month access to Beroe LiVE

Any more questions?

Get in touch with us quickly and easily.

x

COVID-19: Assess impact on your suppliers and ensure business continuity with Beroe’s WIRE
(World Instant Risk Exposure)