Acrylamide Market is expected to reach US$ 6,500.22 Million by 2028

Growing Chemicals & Materials Industry Increases Acrylamide Market Growth during 2021–2028

According to our latest market study on "Acrylamide Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type and Application,” the market is expected to grow from US$ 4,254.16 million in 2021 to US$ 6,500.22 million by 2028; it is estimated to grow at a CAGR of 6.2% from 2021 to 2028. The report highlights key factors driving the market growth and prominent players and their progress in the market.

Acrylamide is a chemical that is mostly used for producing polyacrylamide and acrylamide copolymers and is used in various industries processes, such as the production of paper, dyes, and plastics, and in the treatment of drinking water and wastewater, including sewage.

The growing chemicals & materials industry across the world has led to an increased demand for acrylamide.  The US chemical industry is expected to have a strong recovery in 2022. The chemical industry is a crucial aspect for any country's industrial and agricultural development as it helps in providing raw materials to several industries, such as textiles, paper, paint, soap & detergent, medicines, and agrochemicals. The rise in international demand for chemicals & petrochemicals is one of the primary factors driving the growth of the industry, leading to increased demand for acrylamide. Acrylamide is used for several applications, including enhanced oil recovery, water and wastewater treatment, chemical intermediate, and paints and coatings.

Ashland Global Holding Inc.; SNF; Kemira OYJ; BASF SE; EMCO Dyestuff; Mitsui Chemicals Global, Pvt. Ltd.; Ineos AG; Solvay; Nuoer Group; and Black Rose Industries Ltd.; are among the key players constituting the majority of acrylamide market share.

Impact of COVID-19 Pandemic on Acrylamide Market

The COVID-19 pandemic adversely affected the chemicals & materials industry, with the shutdown of manufacturing facilities, challenges in procuring raw materials and components, and restrictions on logistic operations. The disruptions in the supply of raw materials to manufacturers and containment measures hampered acrylamide production, thus having a negative impact on the market. Chemical companies were affected by delayed supplies and increased raw material prices. However, businesses are gaining ground as the governments across the world has eased out the previously imposed restrictions Along with this, the continuous investments in water and wastewater treatment and the rise in packaging consumption since the start of COVID-19 have brought promising growth opportunities for the market.

Acrylamide Market Size, by Region, during 2021–2028

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Acrylamide Market Size & Share | Industry Analysis by 2021-28

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Acrylamide Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Acrylamide Water Solution and Acrylamide Crystals) and Application (Water and Wastewater Treatment, Enhanced Oil Recovery, Cosmetics, Paper Manufacturing, Chemical Intermediates, Textiles, and Others)

The "Global Acrylamide Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry, focusing on the global acrylamide market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The market is segmented on the basis of product type, application, and geography. Based on product type, the market is bifurcated into acrylamide water solution and acrylamide crystals. Based on application, the market is segmented into water and wastewater treatment, enhanced oil recovery, cosmetics, paper manufacturing, chemical intermediates, textiles, and others. Based on geography, the market is segmented into five main regions North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America.

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