Europe acrylamide demand growth forecast at 2-3% per year

22 March 2013 17:36  [Source: ICIS news]

LONDON (ICIS)--Acrylamide demand for European acrylonitrile (ACN) is expected to grow 2-3% per year in the long-term, sources said on Friday.

The growth rates have been attributed to new applications.

As a result, several sources said the acrylic fibre market will lose ACN market share to acrylamide in the mid-term as fibre production increasingly moves to Asia.

Acrylamide demand currently accounts for 15-20% of ACN consumption, according to market estimates.

Acrylamide buying interest is currently strong because of consumption from the downstream ore processing sector resulting from the high price of precious metals.

($1 = €0.77)

By: Mark Victory
+44 208 652 3214

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly