The latest report by IMARC, titled "Acrylamide Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," delivers a comprehensive analysis of acrylamide prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Acrylamide Prices December 2023:
- United States: 1305 USD/MT
- China: 1215 USD/MT
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The study delves into the factors affecting acrylamide price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Acrylamide Price Trends
The burgeoning demand in the food and beverage industry for unique and lasting flavours is a key driver of global acrylamide market growth. The rising popularity of gourmet flavourings is a significant growth stimulant. Moreover, the rapid expansion of the cosmetics industry, which includes the use of acrylamide in skincare products, is contributing significantly to market growth. Consumers are showing increased interest in natural and organic compounds, propelling the market growth. Technological advancements in compound synthesis and extraction are bolstering the market. The increased use of acrylamide in high-end products is stimulating market growth. Personalisation and customisation trends in consumer goods are also driving the market. The growing applications in household and industrial cleaning products are boosting the global acrylamide market. Key industry players are increasing their investments in R&D activities, further driving market growth. The expansion of online shopping and marketing to improve product accessibility is a major growth inducer. Consumer preferences are shifting towards exotic and sophisticated flavours. Innovative packaging and presentation of products are significantly contributing to market growth. Regulations promoting safe and environmentally friendly compounds are creating a positive market outlook. Integration with personal care items to enhance customer appeal is another factor driving the acrylamide market.
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 Acrylamide market navigated through a labyrinth of global and regional dynamics, each exerting a distinct influence on pricing trends across North America, APAC, and Europe. In North America, particularly the USA, Acrylamide prices showcased mixed trends 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.
In contrast, the APAC region, with a focus on China, presented a scenario where demand from textiles, paper, and pulp industries remained robust, underpinning market conditions positively. Despite this, the overall industrial performance was tempered by slower manufacturing rates and the fragility of economic recovery, with higher production costs linked to increased prices of upstream raw materials like Acrylonitrile and Sulphuric Acid adding to the complexity. China's market experienced notable price fluctuations amidst an improved demand outlook and a marginal uptick in inquiries from both domestic and overseas markets. The manufacturing sector saw a rebound, albeit juxtaposed against factory-gate deflation, highlighting the ongoing challenges in the economy's recovery trajectory post-pandemic. Europe mirrored a bearish sentiment, with demand weaknesses leading to a continual price decline across the quarter. Supply chain operations in Europe reflected an ease due to weak consumer demand, with high product inventories and destocking activities marking the period. This variance in regional market dynamics underscores the multifaceted influences on Acrylamide prices, from supply chain disruptions and raw material cost fluctuations to demand shifts in key industries and broader economic recovery patterns.
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Key Points Covered in the Acrylamide Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Acrylamide Prices
- Acrylamide Price Trend
- Acrylamide Demand & Supply
- Acrylamide Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Acrylamide Price Analysis
- Acrylamide Industry Drivers, Restraints, and Opportunities
- Acrylamide News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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.
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco.
Browse More Pricing Reports by IMARC Group:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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