Polyacrylamide (PAM) Prices

Polyacrylamide Prices December 2023

The polyacrylamide prices in the United States for Q4 2023 reached 2680 USD/MT in December. The market struggled due to high supply and low demand, particularly in the water treatment and oil & gas sectors. A bearish sentiment prevailed, exacerbated by oversupply and declining crude oil production. Although demand was reduced, lower feedstock costs helped maintain stable manufacturing expenses.

The price trend for polyacrylamide in China for Q4 2023, reached 1135 USD/MT in December. The market faced a decline in the final quarter of 2023 due to oversupply and weakened demand from major industries like water treatment and oil & gas. The abundance of stocks and reduced trading activity led to price drops, reflecting a broader regional trend of supply exceeding demand.

The price trend for polyacrylamide in Germany for Q4 2023, reached 3670 USD/MT in December. Over Q4 2023, price developments were volatile and distributed in Germany in the polyacrylamide market, triggered by balanced seasonal reserve and dynamics in the connected sectors. Although the overall absent demand, the prices could be balanced given the cheap cost of feedstock was sufficient to address the challenging background of the abundant output and international market fluctuations.

Polyacrylamide Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Polyacrylamide Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of polyacrylamide pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of polyacrylamide at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of polyacrylamide price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing polyacrylamide price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Polyacrylamide Market Analysis

The global polyacrylamide market size reached US$ 5.5 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 8.9 Billion, at a projected CAGR of 5.30% during 2023-2032.

• There is an increase in the employment of polyacrylamide in the cosmetics sector to stabilize products and bind ingredients. It contributes to the luxurious texture and feel of many cosmetic products. It imparts a silky and smooth texture that enhances the application experience. It ensures a longer-lasting impact and improved efficacy of skincare products. It helps lock in moisture, provides hydration, and gives protection to the skin. It is less likely to cause irritation or allergic reactions and is compatible with various skin types. Besides this, there is a rise in the adoption of cosmetic products due to concerns about maintaining overall skin and hair health among individuals. People are becoming aware about the importance of keeping themselves hygienic, thereby adopting various cosmetics products. According to McKinsey and Company, the global beauty market reached approximately US$ 430 Billion in 2022.
• The polyacrylamide demand is further propelled by its utilization in the paper and pulp sector to increase the dry strength of paper by hydrogen bonding. It assists in improving the wet strength of the paper and maintaining paper uniformity and softness. It can be used as a fiber dispersant, reducing fiber flocculation and improving paper formation. Besides this, the rising need for sustainable packaging materials is catalyzing the demand for polyacrylamide in the paper sector.
• Polyacrylamide is widely used in enhanced oil recovery (EOR) techniques to improve oil extraction efficiency. It serves as a fracturing fluid additive, and its function is to open the passage of rocks and allow oil to flow through.
• Polyacrylamide is also becoming increasingly popular in the water treatment processes. It has unique chemical properties, which make it an effective tool for improving water quality by removing impurities and reducing turbidity. Furthermore, there is an increase in concerns about water scarcity and pollution among individuals. People are preferring clean and safe drinking water, which is catalyzing the demand for polyacrylamide in water treatment processes.

Polyacrylamide News

The report covers the latest developments, updates, and trends impacting the global polyacrylamide market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in polyacrylamide production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the polyacrylamide price trend.

Latest developments in the polyacrylamide industry:

• In 17 June 2021, Kemira completed the installation of new state-of-the art production units for emulsion polymers and bio acrylamide monomer at its manufacturing site in Mobile, Alabama. This investment allows Kemira to address the growing need for polyacrylamide polymers.
• In 18 January 2022, Solenis completed the acquisition of 100% of the outstanding shares of SCL GmbH. The acquisition of the SCL business helps Solenis fulfill a strategic insourcing objective and supports Solenis’ polyacrylamide strategic global growth plan.

Product Description

Polyacrylamide is an acrylic resin that has the unique property of being soluble in water. It is produced by the polymerization of acrylamide, a compound obtained by the hydration of acrylonitrile. It is a relatively inexpensive polymer that is easily formulated to high molecular weights on the order of several million g/mol.

Polyacrylamide undergoes thermal degradation at 175 to 300°C and can also undergo photodegradation. It is employed in the treatment of industrial and municipal wastewater. It is also used in an uncross-linked form as thickeners and flocculants in the oil industry.

In addition, polyacrylamide is highly water-absorbent in the cross-linked form, creating a soft gel used in applications, such as polyacrylamide gel electrophoresis and in manufacturing soft contact lenses.

Regional Coverage

The report provides a detailed analysis of the polyacrylamide market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the polyacrylamide price trend.

Global Polyacrylamide Price

The report offers a holistic view of the global polyacrylamide pricing trends in the form of polyacrylamide price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into polyacrylamide historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into polyacrylamide price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed Polyacrylamide demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape. 

Europe Polyacrylamide Price

The market during the end of 2023 was marked by oversupply. Reduced demand from sectors like water treatment and textiles led to a continued decline in prices. Market challenges included managing surplus stocks and navigating distribution channels. The drop in demand was linked to lower consumption across industries and a global reduction in crude oil output. Despite these challenges, the market managed to stabilize costs through affordable feedstock options. In Germany, a key market player, PAM prices fluctuated throughout the quarter, influenced by sufficient stock levels, shifting demand from related sectors, and changing global market conditions.

This analysis can be extended to include detailed polyacrylamide price information for a comprehensive list of countries.

North America Polyacrylamide Price

During the last quarter of 2023, the industry in North America witnessed a downward trend due to a slump in demand across major sectors, including industrial water treatment. A global decline in crude oil production significantly impacted industries that rely on PAM, leading to decreased demand. Additionally, the market struggled with an excess supply of PAM, caused by steady production rates and easy access to raw materials. Market participants faced challenges with fluctuating demand and pricing, contributing to an uncertain business environment. Despite reduced consumption, lower acrylamide feedstock costs somewhat eased manufacturing expenses, and no plant shutdowns were reported.

Specific polyacrylamide historical data within the United States and Canada can also be provided. 

Middle East and Africa Polyacrylamide Price

The report explores the polyacrylamide pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on Polyacrylamide prices for countries can also be provided. 

Asia Pacific Polyacrylamide Price

In the Asia Pacific region, the market in the final quarter of 2023 was marked by a bearish outlook, with supply exceeding demand. This situation was exacerbated by reduced activity in key sectors such as industrial water treatment. Global factors, including lower crude oil production, played a role in diminishing demand. Companies faced oversupply, with many having already stocked sufficient quantities to meet future requirements. Market activity was sluggish, and China notably experienced a decline in prices compared to the previous quarter due to excess inventory and weakened demand in the water treatment and oil & gas sectors.

This polyacrylamide price analysis can be expanded to include a comprehensive list of countries within the region. 

Latin America Polyacrylamide Price

The analysis of polyacrylamide prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region. 

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of polyacrylamide pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting polyacrylamide price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The polyacrylamide price charts ensure our clients remain at the forefront of the industry.