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)
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country-Level Data
4. North America Acrylamide Market Landscape
4.1 Market Overview
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Acrylamide Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surging Demand for Wastewater Treatment
5.1.2 Fostering Growth of the Chemicals and Materials Industry
5.2 Market Restraints
5.2.1 Health Issues Associated with Exposure to Acrylamide
5.3 Market Opportunities
5.3.1 Growing Demand for Enhanced Oil Recovery
5.4 Future Trends
5.4.1 Usage in the Personal Care Industry
5.5 Impact Analysis of Drivers and Restraints
6. North America Acrylamide Market Analysis
6.1 Market Overview
6.2 North America Acrylamide Market –Revenue and Forecast to 2028 (US$ Million)
7. North America Acrylamide Market Analysis – by Product Type
7.1 Overview
7.2 North America Acrylamide Market, by Product Type (2020 and 2028)
7.3 Acrylamide Water Solution
7.3.1 Overview
7.3.2 Acrylamide Water Solution: Acrylamide Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Acrylamide Crystals
7.4.1 Overview
7.4.2 Acrylamide Crystals: Acrylamide Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Acrylamide Market Analysis – by Application
8.1 Overview
8.2 North America Acrylamide Market, by Application (2020 and 2028)
8.3 Water and Wastewater Treatment
8.3.1 Overview
8.3.2 Water and Wastewater Treatment: Acrylamide Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Enhanced Oil Recovery
8.4.1 Overview
8.4.2 Enhanced Oil Recovery: Acrylamide Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Cosmetics
8.5.1 Overview
8.5.2 Cosmetics: Acrylamide Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Paper Manufacturing
8.6.1 Overview
8.6.2 Paper Manufacturing: Acrylamide Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Chemicals Intermediate
8.7.1 Overview
8.7.2 Chemical Intermediate: Acrylamide Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Textile
8.8.1 Overview
8.8.2 Textile: Acrylamide Market – Revenue and Forecast to 2028 (US$ Million)
8.9 Others
8.9.1 Overview
8.9.2 Others: Acrylamide Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Acrylamide Market – Country Analysis
9.1 Overview
9.1.1 North America: Acrylamide Market, by Key Country
9.1.1.1 US: Acrylamide Market –Analysis and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: Acrylamide Market, by Product Type
9.1.1.1.2 US: Acrylamide Market, by Application
9.1.1.2 Canada: Acrylamide Market –Analysis and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: Acrylamide Market, by Product Type
9.1.1.2.2 Canada: Acrylamide Market, by Application
9.1.1.3 Mexico: Acrylamide Market –Analysis and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: Acrylamide Market, by Product Type
9.1.1.3.2 Mexico: Acrylamide Market, by Application
10. Industry Landscape
10.1 Expansion
11. Company Profiles
11.1 Ashland Global Holdings Inc.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 SNF
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Kemira Oyj
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 BASF SE
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Mitsui Chemicals, Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 INEOS
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Solvay
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 NUOER GROUP
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. North America Acrylamide Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. U.S. Acrylamide Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 3. U.S. Acrylamide Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4. Canada Acrylamide Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 5. Canada Acrylamide Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 6. Mexico Acrylamide Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 7. Mexico Acrylamide Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Acrylamide Market Segmentation
Figure 2. North America Acrylamide Market Segmentation – By Country
Figure 4. North America Acrylamide Market Overview
Figure 5. Water and Wastewater Treatment Segment Held Largest Share of North America Acrylamide Market
Figure 7. The US Held Largest Share of North America Acrylamide Market
Figure 8. North America Acrylamide Market, Industry Landscape
Figure 9. Porter's Five Forces Analysis
Figure 10. North America Acrylamide Market, Ecosystem
Figure 11. Expert Opinion
Figure 12. North America Acrylamide Market Impact Analysis of Drivers and Restraints
Figure 13. North America Acrylamide Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Acrylamide Market Revenue Share, by Product Type (2020 and 2028)
Figure 15. Acrylamide Water Solution: Acrylamide Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Acrylamide Crystals: Acrylamide Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Acrylamide Market Revenue Share, by Application (2020 and 2028)
Figure 18. Water and Wastewater Treatment: Acrylamide Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Enhanced Oil Recovery: Acrylamide Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Cosmetic: Acrylamide Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Paper Manufacturing: Acrylamide Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Chemical Intermediate: Acrylamide Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Textile: Acrylamide Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Others: Acrylamide Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Geographic Overview of North America Acrylamide Market
Figure 26. North America: Acrylamide Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. US: Acrylamide Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. Canada: Acrylamide Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. Mexico: Acrylamide Market –Revenue and Forecast to 2028 (US$ Million)
- Ashland Global Holdings Inc.
- SNF
- Kemira Oyj
- BASF SE
- Mitsui Chemicals India Pvt. Ltd.
- INEOS AG
- Solvay
- NUOER GROUP
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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