Why did polyacrylamide price trend in China in Q4 2023?

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.

What is IMARC's new polyacrylamide pricing report 2024?

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.

Why are polyacrylamide prices rising in Europe?

For the European market, expensive imports from China hiked the prices further. As polyacrylamide consumption increased across the globe, manufacturers raised their quotations. Given the rising inflation rates, the price trends for polyacrylamide are inclined in the domestic market.

What is the global polyacrylamide market size?

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.

Why did polyacrylamide prices rise in H1 2023?

Polyacrylamide prices in Europe stayed on an inclining trajectory in H1 2023. As the demand from water treatment plants was on the rise, the prices increased in the market. For the European market, expensive imports from China hiked the prices further. As polyacrylamide consumption increased across the globe, manufacturers raised their quotations.

Why is polyacrylamide used in cosmetics?

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.