As buyers and sellers wrapped up September 2022, spot resin trading was reasonable this past week, although finished volumes of 2-Ethyl Hexyl Acrylate came in below average. More market activity was seen in Polymer Grade Propylene, and it contributed to most of the total volume completed. The upstream Acrylic Acid market is driven by the rising demand for 2-Ethyl Hexyl Acrylate, a necessary component in producing emulsion paint and transparent plastic products, including films, flat sheets, plastic extruded tubes, etc. Additionally, the rising demand for Acrylic acid that can be combined with other polymers to create alloys and compounds resistant to the elements is fuelling the market's expansion.

The prices were hovering at USD 3575/tonne 2-Ethyl Hexyl Acrylate FD Hamburg with a monthly escalation of 2.3%, as recorded by ChemAnalyst in October. The market is continuing to rise because of the expanding range of applications for propylene foam in various sectors due to its superior qualities. The demand for acrylates in the European region is seeing a rise in the consumption of downstream paints and additives due to the rapid growth of the construction and automotive industries, as well as the growing need to enhance the effectiveness and functionality of paints.

Exporting countries like Belgium, Poland, and the Italian market increased the prices of the 2-Ethyl Hexyl Acrylate in the regional market. Despite the high order backlog, supply bottlenecks still hold back higher prices in German market export prices during the period. Inflations' impact on consumer demand affects market prices in the region of both the product and the freight charges. German exporters are facing shipment delays due to the risk of shipment security.

The prices are expected to fall in the upcoming months because of surging inflation in the European region which will cause downstream demand to fall in the German market.