In January 2024, the North American Acrylic Acid market is experiencing a bearish trend, primarily due to a decline in demand from the Coating and Construction sectors. This reduced demand is causing prices to fall, as these industries, which are major consumers of Acrylic Acid for products like paints, coatings, and adhesives, are not purchasing as much of the commodity. The overall economic slowdown and reduced construction activities are contributing factors to the downward trend of Acrylic Acid.

During the week ending on January 24th, the US Acrylic Acid market experienced a 1% decline, primarily due to reduced demand from the downstream Coating and Construction sectors, which are grappling with sluggish market activity. This decrease in demand has led to bearish sentiments within the Acrylic Acid market. In addition to the subdued market conditions, operational updates have contributed to the cautious outlook. According to a trader, a major Acrylic Acid producer has scheduled two maintenance turnarounds for the year 2025. The first turnaround, anticipated to be shorter in duration, is expected to take place in the first quarter of the year. The second, longer turnaround is planned for the fourth quarter. These scheduled maintenance activities are likely to impact the market dynamics further. Consequently, the combination of weak demand and upcoming production halts is creating an environment of uncertainty and cautiousness among market participants, influencing the overall trend and sentiment in the US Acrylic Acid market.

American Acryl L.P. (Nippon Shokubai & Armeka JV), located in Bayport, Texas, with a total capacity of 5000 TPM, experienced a 12-day shutdown from January 20th to 31st due to freezing temperatures. The polar vortex has brought an intense Arctic blast, causing frigid temperatures 30-40 degrees below normal across Canada and the United States, resulting in dangerous cold conditions, heavy snowfall, and significant winter storms. This severe weather is expected to persist through the second half of January, leading to dramatic temperature drops and disruptions in daily life. These extreme weather conditions have added to the uncertainty in the Acrylic Acid market, highlighting the broader impact of environmental factors on market dynamics. While such factors could have led to a price hike for the commodity, subdued market activities have prompted market players to lower their ex-quotations, reflecting the bearish market sentiments in the US.

According to ChemAnalyst, the US Acrylic Acid market is projected to maintain bearish sentiments due to anticipated weak performance from the downstream Coating and Construction sectors. These industries, which are key consumers of Acrylic Acid for products like paints, coatings, and adhesives, are expected to experience sluggish activity, leading to continued low demand for the commodity.