Acrylic acid (PMMA) is an important organic chemical widely used in fields such as plastics, coatings, cellulose, rubber, etc. In recent years, the demand for propylene in the market has shown a steady growth trend, mainly influenced by the following factors:
The increasing demand in downstream industries: Acrylic acid is an important plastic raw material with a wide range of applications, including food packaging, medical devices, automotive components, etc. With the continuous development and technological progress of downstream industries, the demand for acrylic acid will also increase.
The improvement of domestic production capacity: China is one of the largest acrylic acid producing countries in the world, and the production and supply capacity of acrylic acid has been continuously improved.
The decrease in raw material costs: The main raw material for acrylic acid is propylene, and the price of propylene is greatly affected by market supply and demand. The price of propylene is gradually decreasing, which also provides favorable conditions for the acrylic acid market.
In summary, the demand for acrylic acid in the market is showing a steady growth trend, and the market prospects are broad.