Acrylamide Price Trend, Index, Chart, Monitor, Forecast, News and Historical Prices Analysis

Acrylamide Price in USA

United States: 1305 USD/MT (Powder)

During Q4 2023, the US Acrylamide market displayed mixed trends. Prices initially surged due to expensive imports but later softened as inflation decreased, fostering better business conditions. While demand grew notably from the water treatment sector, overall market demand remained moderate.

The global acrylamide market is growing primarily due to the food and beverage industry's growing need for distinctive and long-lasting flavors. One important development driver is the growing popularity of gourmet flavorings. Furthermore, acrylamide's application in skincare products and the cosmetics industry's explosive growth are both major factors driving market expansion. The market is expanding as a result of consumers' growing interest in natural and organic substances. The market is being supported by technological developments in chemical extraction and synthesis. The market is expanding as a result of the growing usage of acrylamide in luxury goods. The trend of consumer goods personalization and customization is also propelling the industry. The global market for acrylamide is expanding due to its increasing use in industrial and household cleaning products. Important market participants are investing more in R&D, which is fueling the market's expansion. One of the main drivers of growth is the rise of online marketing and shopping to increase product accessibility. The tastes of consumers are moving toward complex and exotic flavors. A major factor in the market expansion is creative product presentation and packaging. Policies that support safe and eco-friendly substances are improving the outlook for the market. Another element propelling the acrylamide industry is its integration with personal care products to increase customer attractiveness.

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. In the final quarter of 2023, the price of Acrylamide market navigated through a labyrinth of global and regional dynamics, each exerting a distinct influence on pricing trend across North America, APAC, and Europe. In North America, particularly the USA, Acrylamide prices showcased mixed trend initially buoyed by high-priced imports and subsequently moderated by easing inflation. This easing of inflation in November catalyzed improved business conditions, a trend that gained momentum into December as inflationary pressures further receded. Notably, the demand from water treatment and related industries played a pivotal role in fostering these improved conditions. However, the cost structure of Acrylamide production was impacted by higher Acrylonitrile prices, a critical feedstock, compelling major exporters to adjust their selling prices upwards. This period also saw a tangible increase in consumer confidence, hinting at optimism for future business conditions, despite the market grappling with weak demand, bearish sentiments, and a pronounced year-on-year price decrease, illustrating the market's sensitivity to both supply-side cost pressures and demand-side economic indicators.

However, good market circumstances were supported by the pulp, paper, and textile industries' continued strong demand in the Asia-Pacific region, with a focus on China. However, overall industrial performance was tempered by the fragility of the economic recovery and reduced manufacturing rates. Complicating matters further, growing production costs were linked to rising prices for upstream raw materials such as acrylonitrile and sulfuric acid. Although there was a little increase in inquiries from both local and foreign markets and a better forecast for demand, significant price swings were nevertheless noticed in the Chinese market. The manufacturing sector had a revival, despite being compared to factory-gate deflation; this highlighted the ongoing challenges in the economy's post-pandemic recovery trajectory. Because there was not enough demand, prices in Europe kept falling throughout the quarter, which was indicative of a depressing mood. A period of high product inventories and destocking initiatives was a sign of a relaxation of supply chain management practices across Europe due to a decline in customer demand. Acrylamide prices are influenced by a variety of factors, including shifts in demand in significant industries, supply chain interruptions, fluctuations in raw material costs, and overall patterns of economic recovery. These aspects are highlighted by the difference in regional market dynamics.

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