Texas, USA: On May 11, 2023, Celanese Corporation, which is a global leader in the production of specialty chemicals and differentiated chemistry solutions, announced that the prices of VAMAC (commercial name of Ethylene Acrylic Elastomer) are likely to increase from June 1, 2023. As per the announcement, the price of VAMAC would increase by 2EUR/Kg in the EMEA region and by 2.2 USD/Kg in the American and Asia-Pacific regions. However, Celanese also mentioned that the price hike could differ with the change in grades.

In order to produce differentiated chemistry solutions and specialty materials that are used in a broad range of industries, as well as for consumer use, Celanese Corporation is one of the world's largest chemical companies. In order to create value for its customers, employees, shareholders, and the corporation, its businesses are using a total range of worldwide chemistry, technology, and business expertise. Through the Celanese Foundation, they strive to positively impact our communities and the global community by working with customers to resolve critical business needs. Celanese is also a leading manufacturer and supplier of VAMAC or Ethylene Acrylic Elastomer.

Ethylene Acrylic Elastomer (AEM) can be used to produce cured substances that are very resistant to extreme temperatures and good resistance to automotive fluids, including transmission fluid, engine oil, coolants, acidic condensates, urea solution, grease, and a new batch of fluids. The low-temperature performance of VAMAC AEM is superior to that of most of the other heat and oil-resistant polymers. Some compounds meet OEM requirements for performance at minus 40 degree Celsius. For end-use requirements of as low as +50 C, VAMAC AEM compounds may be designed. The final product contains VAMAC AEM, which is highly resistant to hot oil and hydrocarbons, glycols or lubricating oils, transmission fluid power, and steering fluids. Low oil content can be obtained when VAMAC AEM grades are selected properly and compounded correctly. For electric motors, electrical transmission, power electronics, and for fluids used to cool batteries, AEM shows good retention of properties and low permeation in new dielectric fluids.

As per ChemAnalyst's anticipations, "As a result of Celanese's announcement, the market for Ethylene Acrylic Elastomers is likely to show substantial improvement. The price increase from this company will have a global and national impact on the market for Ethylene Acrylic Elastomer due to Celanese's position as one of the major producers in AEM, with very few large players taking part in that market."