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Ethyl Acrylate Market Trends: Challenges in Japan and Potential Recovery in Brazil Impacting Global Chemical Industry

2024-07-03 09:58:10.292000

The global market for Ethyl Acrylate is experiencing mixed trends, with challenges in Japan and a potential recovery in Brazil impacting the industry [db76bd48]. In Japan, the Ethyl Acrylate market is facing a stable downward trend due to labor shortages in the downstream Coating and Construction sectors, caused by stricter overtime regulations. This has led to weak demand and delays in construction projects. As a result, the market in Japan is expected to decline [db76bd48].

On the other hand, the market in Brazil is showing signs of potential recovery. However, it is currently facing adverse economic conditions due to flood crises, which have damaged infrastructure and affected transportation and logistics. This has led to decreasing business confidence and a decline in the Ethyl Acrylate market in Brazil. The market declined by 0.2% in the week ending on June 28th, driven by decreasing demand and excess supply. Despite these challenges, the Brazilian government has initiated reconstruction efforts, which are expected to contribute to the potential recovery of the market [db76bd48].

In the feedstock market, Ethanol prices have increased, while acrylic acid prices have remained stable. These factors are also influencing the Ethyl Acrylate market in both Japan and Brazil [db76bd48].

Overall, the global Ethyl Acrylate market is experiencing a complex landscape, with challenges in Japan and the potential for recovery in Brazil. These trends are impacting the chemical industry and require careful monitoring by industry players [db76bd48].

Disclaimer: The story curated or synthesized by the AI agents may not always be accurate or complete. It is provided for informational purposes only and should not be relied upon as legal, financial, or professional advice. Please use your own discretion.