Get the latest insights on price movement and trend analysis of Acrylamide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Acrylamide Price Trend for the First Half of 2023
In the first quarter, the surge in the prices of acrylamide was a direct consequence of the increased market activities in the Asia-Pacific region after the long stretch of covid and the lunar holiday season. The rates of production were further boosted by the high number of inquiries from the downstream industries and the gradually moving costs of the upstream sector.
However, in the second quarter, the price trend of acrylamide was supported by the high demand and limited availability of the product in the market, along with the rising cost of feedstock materials and energy production. But after May, the prices of feedstock materials and demand from the downstream industries began to fall. Eventually, the number of new orders was almost negligible, and due to the pressure of soaring inflation, the inquiries from international industries also slumped, pushing the price trend of acrylamide in the downward direction.
In the first quarter, the price trend of acrylamide fluctuated heavily as the cost of crude oil and demand from the downstream industries oscillated throughout the quarter. Due to the limited availability of the product in the region and high demand in the second quarter, the market dynamics of acrylamide improved.
During this phase, the supply-demand equilibria also maintained its balance, which further supported the price trend of acrylamide. However, in the second half of the second quarter, the level of inventories rose while the support from the feedstock industries slumped. Moreover, the plunging economic condition caused the price trend of acrylamide to fall.
Initially, the downstream demand for acrylamide in the first quarter of 2023 slumped, but in the subsequent months, these industries gained market momentum and increased the number of orders. In addition to this, overseas industries also supported the price trend of acrylamide. However, in the last month of the first quarter and throughout the second quarter, the market for acrylamide struggled with low demand due to high rates of inflation and a surge in interest rates. The downstream industries also moved at a slower pace, and the number of inquiries from the international markets also remained muted, which caused the price trend of acrylamide to move southwards.
According to Procurement Resource, the price trend of Acrylamide is estimated to follow a declining trend as its market activities seem to be suppressed by the falling demand from the downstream industries.
Procurement Resource provides latest prices of Acrylamide. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Acrylamide is a widely used compound in the production of polymers. It serves as a central monomer in the production of polymers such as polyacrylamide, etc. Its polymers help in water treatment processes, extraction of oil, paper, and textile production. With its widespread industrial applications, it needs to be handled carefully as it is a toxic compound.
|Industrial Uses||Polymer production, Gel electrophoresis, Dyes and inks, Adhesives and binders, Water treatment, Enhanced oil recovery|
|Molecular weight||71.08 g/mol|
|Synonyms||Prop-2-enamide, Acrylic amide|
|Supplier Database||SNF Group, BASF SE, Mitsui Chemicals Inc, Beijing Hengju Chemical Group Corporation, Ashland|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
This procedure entails the reaction between acrylonitrile and sulfuric or hydrochloric acid that produces acrylamide with sulfates salts. The latter are removed via separation and purification methods to obtain pure acrylamide.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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