Prices of raw materials made from crude oil, such as acrylonitrile and acrylic acid, are directly correlated with the price of polyacrylamide. In the next years, rising raw material costs in the industry are predicted to lead to an increase in polyacrylamide pricing. The COVID-19 pandemic has also emerged as a significant factor in price fluctuation. Additionally, it has sparked a bidding war between major producers of crude oil, mainly Saudi Arabia and Russia. This element is anticipated to make swings in crude oil prices worse, pushing up the cost of polyacrylamide globally. This factor frequently prevents the polyacrylamide market industry's growth.
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