Acetamide production, reliant on acetic acid and ammonia, witnesses price trends closely tied to its raw materials. Versatile applications across industries dictate Acetamide market dynamics. In the initial two quarters of 2023, the Chinese market’s subdued economic recovery hampered manufacturing, resulting in below-par Acetamide demand and consistently lower prices. In contrast, Europe experienced relatively stable Acetamide markets, benefiting from restored supply chains, increased offshore trading, and improved supply-demand dynamics. Overall, the Acetamide market displayed fluctuating trends during this period.
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Definition
Acetamide is an organic compound represented by the chemical formula CH3CONH2. A white crystalline solid, it is synthesized through the reaction of acetic acid and ammonia. With versatile applications, acetamide serves as a key chemical intermediate in the production of pharmaceuticals, plastics, and various industrial chemicals, contributing to diverse industrial processes.
Key Details About the Acetamide Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Acetamide in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Acetamide Price chart, including India Acetamide price, USA Acetamide price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Acetamide Price Trend:
Acetamide plays pivotal roles in several industrial applications. As a vital chemical intermediate, it is extensively utilized in the pharmaceutical industry for drug synthesis. Additionally, acetamide is employed in plastics manufacturing, contributing to the production of polymeric materials. Its versatility extends to various chemical processes, making it integral in diverse industrial applications.
Key Players:
- DuPont
- Solvay SA
- The Lubrizol Corporation
- Vantage Specialty Chemicals
- Shanghai Time Chemicals CO., Ltd.
- Henan Tianfu Chemical Co.,Ltd
- ALB Technology Limited
- Indenta Chemicals
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