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Why is the polyacrylamide (PAM) market declining?

North America The Polyacrylamide (PAM) market in North America during the fourth quarter of 2023 witnessed a declining trend, primarily due to reduced demand in key downstream industries such as industrial water treatment and the Oil & Gas Enhanced Oil Recovery (EOR) sector.

What is polyacrylamide (PAM) used for?

Apart from that, it is also used in paper making, and as a chemical intermediate for the production of other chemical products. In Q3 2024, the Polyacrylamide (PAM) market in North America exhibited a generally stable pricing environment, reflecting balanced market dynamics throughout the quarter.

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.

How did the polyacrylamide market perform in Q3 2024?

In Q3 2024, the Polyacrylamide (PAM) market in the APAC region experienced a steady increase in prices, with China leading in terms of market fluctuations. The price rise was primarily driven by strong domestic demand in key sectors, such as water treatment and industrial production, which bolstered market sentiment.

How did the APAC polyacrylamide market perform in Qingdao?

In the first quarter of 2024, the APAC polyacrylamide (PAM) market witnessed a downward price movement, with March prices settling at USD 850 per MT on FOB – Qingdao basis, indicative of a challenging quarter.

How is polyacrylamide produced?

Commercially, PAM is produced by hydration of Acrylonitrile (ACN) to produce Acrylamide and then cross-linking polymerization of Acrylamide that produces PAM. During production, Acrylamide is always advised to be handled with care due to its high toxic nature, although after polymerization polyacrylamide become non-toxic.