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Acrylamide Price Trend and Forecast

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Market Overview

For the Quarter Ending September 2021

North America

During Q3 of 2021, hike in the values of Acrylamide was witnessed in North American owing to the rise in the prices of feedstock Acrylonitrile. Acrylonitrile is a derivative of Propylene and Ammonia, surge in the prices of upstream soared the prices of Acrylonitrile that consequently fueled Acrylamide prices in Q3. In August, due to the arrival of the Ida hurricane in the Gulf Coast of the United States, several manufacturers imposed a turnaround at their production facilities as a part of the contingency plan. Cornerstone declared a shutdown at its Acrylonitrile production unit in Louisiana ahead of the Ida hurricane for around 10-14 days. Curtailment in the production activities along with the disruption in the supply chain resulted into the steep climb in the prices of Acrylamide in September. Moreover, steady demand from downstream sectors including oil and gas, water treatment and polymers along with its constrained availability also supported its price hike throughout the quarter.

Asia Pacific

In Q3 2021, rise in Acrylamide prices was observed in the region backed by the disruption in the supply chain of feedstock Acrylonitrile. India imports most of the Acrylonitrile from US and China thus severe climate calamity in the US as well as port congestion in China due to the shutdown of Ningbo Port for 2 weeks in August caused feedstock scarcity. It resulted into the proliferative trajectory of Acrylamide prices during the period. In addition, high freight charges and upbeat demand from downstream sectors exerted an additional burden on the Acrylamide market in the region. In India, Ex-Mumbai Acrylamide prices settled at USD 2541.19/MT in September, with an increment of USD 332.74/MT since July.

Europe

During the third quarter of 2021, Acrylamide market in Europe showcased mixed sentiments. In the first half, an improvement in the availability of Acrylamide was witnessed as the production rate was quite high but in the latter half there was an abrupt rise in the prices of Acrylamide. Some of the factors backing the abrupt rise in Acrylamide prices are disruption in the supply chain due to the arrival of Ida hurricane in the US and elevated freight charges across the US-Europe and Asia -Europe trade routes due to the shortages of containers. Moreover, since September the onset of natural gas crisis in Europe compelled manufacturers to curtail their productions which further tightened the market of Acrylamide during Q3 2021.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylamide is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Acrylamide market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Acrylamide manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Acrylamide market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Acrylamide market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Acrylamide are analyzed and region-wise demand pattern is tracked.

About

Acrylamide is a toxic, white colored, volatile, odorless organic compound that is also known as acrylic amide. It is soluble in water as well as other organic solvents. Acrylamide is produced by the hydrolysis of acrylonitrile in the presence of a sulfuric acid or other metal salts as a catalyst. It is utilized in wide range of applications as a precursor, flocculent or soluble thickeners in various industries. The major end use industries for Acrylamide are waste water treatment, Oil and Gas refineries, Pulp and Paper, Textile, and others.

CAS No:	79-06-1
HS Code:	29241900
Grade:	Pharma, Food, Industrial grade
Contract Size:	50MT
Packaging Type:	Bag

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Acrylamide Price Trend and Forecast