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

The acrylamide 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.

Acrylamide is an organic and odorless chemical that is available in liquid and crystalline forms. Acrylamide is soluble in water and various organic solvents. It is a precursor to polyacrylamides that have several applications as water-soluble thickeners and flocculation agents.

In 2020, Asia Pacific dominated the global acrylamide market and is expected to retain its dominance during the forecast period. Japan and China are major manufacturers of acrylamide, accounting for a significant portion of the global installed capacity. The increased government support for wastewater treatment in countries such as India and China, and the growing personal care & cosmetic industry in the region are driving the growth of the market in the Asia Pacific. The personal care industry in the region is growing due to the rising middle-income population, increasing per capita income, improving living standards, and an increase in working women population. Thus, the growing personal care industry has led to increasing demand for acrylamide, as it is widely used as a stabilizer, binder, and thickener in cosmetics & personal care products. Along with this, North America is expected to be the second-fastest-growing region which is due to increase investment in wastewater treatment as well as an increase in demand for acrylamide from the ehanced oil recovery and cosmetics sector. Europe is also expected to witness considerable growth during the forecast period.

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Acrylamide Market: Strategic Insights

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Market Insights

Rising Demand for Wastewater Treatment

Strong economic growth, rising population, and rapid urbanization across the world led to rising drinking water consumption and wastewater generation. Various countries have enforced strict norms against polluting water bodies and the illegal discharge of wastewater. In countries, such as China, which is impacted by air pollution, special laws have been implemented to protect it against the harmful impact of wastewater discharge. Industrial wastewater management has become a crucial concern among the regulatory bodies, as industrial effluents include harmful chemicals, which can lead to health hazards and hamper marine biodiversity. Thus, the increase in demand for wastewater treatment across the world is driving the growth of the market.

Product Type Insights

Based on product type, the market is bifurcated into acrylamide water solutions and acrylamide crystals. In 2020, the acrylamide crystal segment was the fastest-growing segment in the acrylamide market. Acrylamide crystals have various applications and are used as a flocculant, blocking agent, textile treatment agent, and water treatment agent.

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 operating in the global market. The leading players adopt several strategies, such as mergers & acquisitions, and product launches, to expand their geographic presence and consumer base.  

Acrylamide Market Regional Insights

The regional trends and factors influencing the Acrylamide Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Acrylamide Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Acrylamide Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Acrylamide Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Acrylamide Market are:

1. INEOS Styrolution India Limited
2. Ashland Global Holdings Inc.
3. SNF
4. Kemira Oyj
5. BASF SE

Disclaimer: The companies listed above are not ranked in any particular order.

 

Report Spotlights

• Progressive trends in the acrylamide industry to help players develop effective long-term strategies
• Business growth strategies adopted by companies to secure growth in developed and developing markets
• Quantitative analysis of the global acrylamide market from 2019 to 2028
• Estimation of the demand for acrylamide across various industries
• Porters analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
• Recent developments to understand the competitive market scenario and the demand for the acrylamide  
• Market trends and outlook coupled with factors driving and restraining the growth of the acrylamide market
• Understanding regarding the strategies that underpin commercial interest with regard to the global acrylamide market growth, aiding in the decision-making process
• Acrylamide market size at various nodes of market
• Detailed overview and segmentation of the global acrylamide market as well as its industry dynamics
• Acrylamide market size in various regions with promising growth opportunities

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 acrylamide 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. Acrylamide is used to manufacture acrylamide polymer (polyacrylamide) which is used as a flocculent in wastewater treatment. It coagulates the organic matter which can be removed by filtration. , The increasing development of wastewater treatment facilities across the world is increasing the demand for acrylamide.

Company Profiles

• Ashland Global Holding Inc.
• SNF
• Kemira OYJ
• BASF SE
• EMCO Dyestuff
• Mitsui Chemicals Global, Pvt. Ltd.
• Ineos AG
• Solvay
• Nuoer Group
• Black Rose Industries Ltd.;