Butyl Acrylate Prices Remain Under Pressure in Belgium With Increasing Downstream Demand

A rising ocean logistical market with a slight shortage of Butyl Acrylate in the European market, with few shipments chasing many too buyers and increasing downstream demand from the paints and coatings market. The procurement of Butyl Acrylate for the manufacturing of paints and coatings sector improved, putting demand pressure on the market value of the product in March 2023.

The prices of Butyl Acrylate were depleted in the Belgium market during March 2023, with costs ranging at USD 2545/ton FD Antwerp as per ChemAnalyst Research Team Data. Strengthening demand for Butyl Acrylate, a more frenetic market for industrial space, put pressure on the supply chain. As a result of inflation, organizations are investing in more efficient core operations and reducing their energy intensity at all levels of their supply chains.

Although the freight charges were observed to be plummeting in the region, they did not have much impact on the cost pressure of Butyl Acrylate. Strong inland transportation services in one single transaction were observed in the Belgium market, meeting the downstream requirements of Butyl Acrylate. The inventories of Butyl Acrylate were plunging with a rise in consumption from the downstream paints and adhesives market, impacting the prices of Acrylates in the regional market of Belgium as per sourced by the traders.

Rising interest rates, along with improvements in construction activity and demand for construction-related products like adhesives with a fall in inventory, have impacted the market. With fluctuations in the global petrochemicals market, the prices of Butyl Acrylate got impacted in the Belgium market as per quoted by the traders and merchants. More sales are being generated by the Acrylate manufacturing company in the region, subsequently with the rise in profits. The revenues for these companies are also increasingly impacting the Acrylate market growth, according to the product analyst.