Acrylamide prices in the Asia Pacific surged in Q1 due to post-COVID and post-lunar holiday activities, supported by downstream inquiries and rising costs. Q2 maintained the trend initially with high demand and limited supply, but falling feedstock prices, reduced demand, global inflation, and minimal international orders led to price declines. Europe experienced fluctuating Q1 prices tied to crude oil costs and industry demand. Despite a positive Q2 start, rising inventories, weakened feedstock support, and economic conditions caused prices to drop. North America initially slumped in Q1 but recovered, yet struggled in Q2 due to low demand, high inflation, and weak industries.
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Definition
Acrylamide is a white crystalline solid with the chemical formula C3H5NO. It is highly soluble in water and polar solvents, forming colorless solutions. Acrylamide is known for its reactivity and is used in various chemical reactions to introduce amide functional groups. In industrial settings, it’s a crucial monomer in the production of polyacrylamide, a polymer with applications in water treatment, papermaking, and more. However, acrylamide is also a neurotoxin and potential carcinogen, leading to concerns in food safety due to its formation in certain high-temperature cooking processes. As such, its industrial uses are carefully managed and regulated.
Key Details About the Acrylamide Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Acrylamide in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Acrylamide Price Trends, including India Acrylamide price, USA Acrylamide price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Acrylamide Price Trend:
Acrylamide has versatile industrial applications due to its polymerization properties. It is a key monomer used in producing polyacrylamide, a polymer with extensive uses. In water treatment, polyacrylamide aids in clarifying and purifying water by facilitating the separation of suspended particles. In the papermaking industry, it enhances the retention and drainage of fibers during paper production. Additionally, acrylamide-based polymers find application in enhanced oil recovery processes in the oil industry, as well as in gel electrophoresis techniques for molecular biology research. However, its potential toxicity and role in food-related concerns have led to regulatory scrutiny and caution in its various applications.
Key Players:
- SNF Group
- BASF SE
- Mitsui Chemicals Inc
- Beijing Hengju Chemical Group Corporation
- Ashland
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