Acrylamide Price Trend

Acrylamide Prices December 2023

In Q4 2023, the US Acrylamide market showed mixed trends. Prices initially rose due to costly imports but eased as inflation declined, improving business conditions. Demand increased from the water treatment sector, yet broader market demand remained moderate. Consumer confidence grew, signaling optimism. Despite this, rising production costs due to higher acrylonitrile prices led to increased selling prices. By December, prices fell to 1305 USD/MT, down 3% quarterly and 65% annually, reflecting weak demand and bearish sentiments.

In Q4 2023, the acrylamide market in China observed a 13% year-over-year price decrease, settling at 1215 USD/MT in December. The period experienced a modest 2% quarter-on-quarter price increase, with a 1% rise observed between the quarter's halves. This trend was underpinned by heightened demand from the textiles, paper, and pulp sectors, alongside a rebound in manufacturing activity as indicated by the official manufacturing purchasing Managers' Index. However, challenges persisted due to slow manufacturing rates, fragile economic recovery, and rising production costs from higher acrylonitrile and sulphuric acid prices.

Acrylamide Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Acrylamide Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of acrylamide pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of acrylamide at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of acrylamide price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing acrylamide price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Acrylamide Market Analysis

The global acrylamide market size reached US$ 3.6 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 5.2 Billion, at a projected CAGR of 4.10% during 2023-2032.

• Acrylamide finds its use in an important raw material for the production of polyacrylamide which is a commonly known product in water treatment processes. A study by the United Nations World Water Assessment Program (WWAP) found that over 80% of wastewater resulting from human activities is discharged into rivers or seas without any pollution removal.
• The growing demand of clean water and wastewater treatment in both developing and developed countries encourages the production of acrylamide.

• The paper and pulp industry utilizes acrylamide-based polymers to enhance paper strength and production efficiency; this has the greatest impact on acrylamide demand among all the industries. Increasingly, paper usage, often in packaging and in the production of hygiene products, will be a good driver of paper markets worldwide.
• Innovation in production processes which are green and environmentally friendly is not only less costly but also it lowers environmental impact, thus increasing competitiveness of the acrylamide-based products which would be picked up by various industries.
• Environmental awareness and stricter regulations for water pollution control were considered all over the world which leads to the development of more powerful water treatment processes where the acrylamide-based flocculants do their bit by coping with the demand.
• The oil and gas industry's industrial application of EOR techniques, including enhancement schemes with the utilization of polyacrylamide, which is derived from acrylamide, provides one of the major reasons for steady growth, especially even in regions with enormous oil production activities.
• Acrylamide is key in the production of super absorbent polymer which offers the best solution for water retention in agriculture. This process becomes more crucial as arid regions become water-scarce, boosting the demand for acrylamide.
• Water reuse and recycling technologies being adopted at a sophisticated level in industrial and municipal domains create a demand for water treatment chemicals including acrylamide that eventually as the market for water-soluble polymers is projected to go up.

Acrylamide News

The report covers the latest developments, updates, and trends impacting the global acrylamide market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in acrylamide production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the acrylamide price trend.

Latest developments in the acrylamide industry:

• 24 February 2022, Renaissance BioScience announces new patents for acrylamide-reducing yeast technology in five countries. These five new ARY patent grants and allowances join previously issued patents from the U.S., Japan, Indonesia, Chile and Colombia, with patents pending in multiple additional markets.
• In 2022, Kerry has released Acryleast Pro, the advanced iteration of the company’s acrylamide-reducing non-GMO (non-genetically modified) yeast, Acryleast. According to the company. effectively reduces the levels of acrylamide in a wide range of manufactured and organic food products by up to 90%.

Product Description

Acrylamide is a chemical molecule, C3H5NO, which possesses 3, 5 and 1 carbon, hydrogen, and nitrogen atoms respectively. It has a molecular formula which entails acryletactyl formed by a vinyl group and an amide. It is a white powder in its physical state, transparent, and it dissolves readily in water, alcohol, or acetone. It is widely used as well in many applications and processes in the industries.

Acrylamide is mainly applied for the manufacture of polyacrylamide, which could be used as a flocculant agent in water treatment, thus facilitating the process of solids particles removal from wastewater. Additionally, such fibers are used in the industry of paper production as well as dye making, besides, as a soil improving agent.

Acrylamide is used in formulation of plastics and cosmetics. Additionally, it can be found in copolymers that are used in gel electrophoresis, a laboratory method used to separate DNA, RNA, and proteins.

Regional Coverage

The report provides a detailed analysis of the acrylamide market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the acrylamide price trend.

Global Acrylamide Price

The report offers a holistic view of the global acrylamide pricing trends in the form of acrylamide price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of acrylamide but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed acrylamide demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

North America Acrylamide Price

In the fourth quarter of 2023, the North America acrylamide market experienced fluctuating trends with a notable price decrease by December. The initial rise in prices was due to costly imports and high production costs, yet inflation's easing in subsequent months fostered better business conditions. Increased demand from the water treatment sector and positive market activities suggested an optimistic outlook. Despite this, moderate downstream demand and rising supply costs from higher acrylonitrile prices challenged the market.

Specific acrylamide historical data within the United States and Canada can also be provided.

Asia Pacific Acrylamide Price

In the fourth quarter of 2023, the acrylamide market in the Asia Pacific region saw a nuanced price movement. Strong demand persisted from the textiles, paper, and pulp industries, bolstering market conditions. However, the market faced headwinds from slower manufacturing rates and a fragile economic recovery, alongside rising production costs due to elevated prices of raw materials such as acrylonitrile and sulphuric acid. Despite these challenges, the sector experienced a rebound in manufacturing activity and a modest uptick in inquiries, suggesting a cautiously optimistic outlook for the region's acrylamide market.

This acrylamide price analysis can be expanded to include a comprehensive list of countries within the region.

Europe Acrylamide Price

The analysis of acrylamide prices in Europe provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This analysis can be extended to include detailed acrylamide price information for a comprehensive list of countries.

Middle East and Africa Acrylamide Price

The analysis of acrylamide prices in Middle East and Africa provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

In addition to region-wise data, information on acrylamide prices for countries can also be provided.

Latin America Acrylamide Price

The analysis of acrylamide prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of acrylamide pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting acrylamide price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The acrylamide price charts ensure our clients remain at the forefront of the industry.