Qingdao, China: The 2-Ethylhexyl Acrylate market in both Asian and European regions is experiencing a bearish trend, largely due to reduced demand and lower production costs. Declining prices for feedstocks, including 2-ethylhexanol and acrylic acid, have led to cheaper production of 2-Ethylhexyl Acrylate. Weak demand for 2-Ethylhexyl Acrylate from downstream sectors, coupled with these lower input costs, has created an oversupply in the market, putting downward pressure on 2-Ethylhexyl Acrylate prices and reinforcing the bearish market sentiment.

In China, the 2-Ethylhexyl Acrylate market experienced a 3.57% decline, settling at USD 1350/MT (FOB-Qingdao) by the week ending October 18th. Hopes for a market recovery following the post-Golden Week holiday were dashed as terminal demand remained weak and trading activity slowed. To stimulate the downstream Coating and Construction sectors, China plans to increase financing for housing projects on a "white list" to 4 trillion yuan ($562 billion), as part of a broader effort to revive the struggling property market and boost economic growth. Minister of Housing and Urban-Rural Development Ni Hong announced additional measures to redevelop 1 million urban villages but did not specify the scale of the redevelopment funding. Despite these initiatives, demand for 2-Ethylhexyl Acrylate remains soft, keeping the market on a bearish trajectory. On the feedstock side, acrylic acid prices are showing some improvement, while 2-ethylhexanol remains stable.

In Germany, the 2-Ethylhexyl Acrylate market has stabilized following a slight decline, largely due to the weak performance of the downstream Coating and Construction sectors, which has suppressed demand. Market participants are proceeding cautiously to prevent further price drops across the European market. Although the construction industry in Europe is significant, it has been slow to adopt innovation and remains fragmented across various project stakeholders. With major companies maintaining narrow profit margins of around 5%, there's limited room for experimenting with new technologies. However, construction startups are striving to modernize the sector, as evidenced by €390 million being invested in 62 construction tech deals by mid-October, highlighting ongoing efforts to innovate despite persistent challenges. Additionally, the price relationship between 2-Ethylhexyl Acrylate, 2-ethylhexanol, and acrylic acid has remained steady, reflecting stable market sentiment for the commodity.

According to ChemAnalyst, the 2-Ethylhexyl Acrylate market in Asia is forecasted to remain bearish, primarily due to weak demand from the Coating and Construction sectors and falling production costs driven by lower prices for feedstocks like 2-ethylhexanol and acrylic acid. In China, despite government efforts to revive the property market with substantial financing measures, sluggish downstream demand for 2-Ethylhexyl Acrylate is expected to continue exerting downward pressure on prices. In Europe, particularly in Germany, the market is likely to stay stable as cautious participants strive to avoid further price declines amid weak demand from the fragmented construction industry. Although investments in construction technology are on the rise, their short-term impact on demand for 2-Ethylhexyl Acrylate may be minimal, leading to a moderate outlook for the European market in the near to medium term.