North America Acrylamide Market to Grow at a CAGR of 6.3% to reach US$ 1,455.40 million from 2021 to 2028

The acrylamide market in North America is expected to grow from US$ 948.68 million in 2021 to US$ 1,455.40 million by 2028; it is estimated to grow at a CAGR of 6.3% from 2021 to 2028.

Strong economic expansion, rising population, and rapid urbanization have resulted in an exponential rise in drinking water consumption and wastewater generation in North America. According to the United States Environmental Protection Agency (EPA), the wastewater treatment facilities in the US process ~34 billion gallons of wastewater every day. Along with this, the increasing development of wastewater treatment facilities is propelling the demand for acrylamide. Northeast Water Purification Plant (NEWPP) Expansion Phase 2 in Texas, US, Bull Run Filtration Project in Oregon, US, Reconstruction Project of Linville Water Treatment Plant in Southeast Queensland, etc., are a few of the ongoing projects that are likely to boost the demand for acrylamide. Untreated wastewater discharges from cities into water bodies that contaminated raw water sources, reducing water availability for human use and having negative repercussions on the environment, aquatic life, and on ecologies. As a result, urban wastewater management has become a top priority in North American countries. Similarly, industrial wastewater management has also become one of the important concerns among the regulatory bodies as the industrial effluents consist of harmful chemicals, which can lead to health hazards and hamper marine biodiversity. Acrylamide is used to manufacture acrylamide polymer (polyacrylamide) that is used as a flocculent in wastewater treatment. It coagulates the organic matter, which can further be removed by filtration. Moreover, it removes metallic ions from their corresponding metal salt solutions in industrial wastewater. Acrylamide polymer is used in municipal water treatment plants, sewage treatment plants, industrial water treatment units, and reverse-osmosis systems, among others. The increasing focus on municipal and industrial wastewater treatment is driving the demand for polyacrylamide-based flocculants across the region, thereby driving the acrylamide market growth.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America acrylamide market at a substantial CAGR during the forecast period.

North America Acrylamide Market Revenue and Forecast to 2028 (US$ Million)

North America Acrylamide Market Segmentation

The North America acrylamide market is segmented on the basis of product type, application, and country. Based on product type, the market is segmented into acrylamide water solution and acrylamide crystals. In 2020, the acrylamide crystals segment held a larger share of the market, and it is also expected to register a higher CAGR during the forecast period. Based on application, the North America acrylamide market is segmented into water and wastewater treatment, enhanced oil recovery, cosmetics, paper manufacturing, chemical intermediate, textiles, and others. In 2020, the water and wastewater treatment segment held the largest market share; however, the enhanced oil recovery segment is expected to register the highest CAGR in the market during the forecast period. Further, based on country, the North America acrylamide market is segmented into the US, Canada, and Mexico. In 2020, the US held the largest market share; the market in this country is also expected to grow at the fastest CAGR during the forecast period.

Ashland Global Holding Inc.; SNF; Kemira OYJ; BASF SE; Mitsui Chemicals Global, Pvt. Ltd.; Ineos AG; Solvay; and Nuoer group are among the leading companies in the North America acrylamide market