Market Overview

According to MRFR analysis, the Global Acrylamide Market is slated to register a CAGR of over 4% to reach USD 4.5 Billion by the end of 2027.

Market Dynamics

The global acrylamide market is being driven by the increasing demand for acrylamide in water and wastewater treatment. Global industrial growth is driving demand for the commodity. Numerous industries, including oil and gas, chemicals, pulp and paper, and textiles, contain harmful effluents in vast amounts, necessitating water and wastewater treatment. The growing demand for enhanced oil recovery (EOR) is expected to drive the acrylamide market, as polyacrylamide is a critical component of this process.

The use of acrylamide in enhanced oil recovery is another significant driver of the global acrylamide industry. This is due to increased demand for crude oil products such as gasoline, diesel, and jet fuel. The use of enhanced oil recovery technology is encouraged because it allows for a 30-60 percent increase in oil recovery at the reservoir site. As a result of these anticipated projects, demand for acrylamide for water treatment applications is expected to increase during the forecast period. Additionally, the industry saw an increase in demand for PAM from nuclear power plants, as the demand for treated water from these plants increased. 

Segmental Analysis

By Application, the market has been segmented into water & wastewater treatment, enhanced oil recovery, cosmetics, paper manufacturing, chemical intermediate, textiles, and others. The water & wastewater treatment segment held the largest market share in 2018 due to global industrial growth. Industries generate vast amounts of wastewater effluent, necessitating the treatment of this sewage. Acrylamide is used in enhanced oil recovery to increase the viscosity of the injected water and force trapped oil toward the pump. The global acrylamide market is expected to be driven by increased demand for crude oil products such as jet fuel, diesel, and petrol across major end-use industries.

Regional Analysis

The North American acrylamide market is being driven by the region’s expanding industrial sector. Expanding end-use industries, especially oil and gas, power generation, and chemicals, are the primary drivers of market growth. The United States government regulates acrylamide as a highly dangerous drug. When the substance comes into contact with the skin, it may irritate it and can cause a tumor, which will affect the industry’s profitability.

Acrylamide demand is expected to increase in Europe due to the region’s growing transportation, reconstruction, and power generation industries. The market is expected to expand at a rapid pace due to rising demand for acrylamide across a variety of end-use industries. Germany, the United Kingdom, France, and Russia all contribute significantly to the market’s development. The region’s automotive industry is the primary driver of demand for acrylamide-based coatings. Strict environmental legislation governing the disposal of waste water will almost certainly improve the demand in the area.

Asia-Pacific is the region’s fastest-growing sector, owing to the region’s rapid industrialization. The potential for growth exists in emerging economies such as India, South Korea, Thailand, and Malaysia. The increased water and wastewater treatment in the region as a result of the region’s rapid industrialization is a major factor driving regional market development. China is expected to be the product’s largest market, owing to the country’s growing demand for its derivatives in the water treatment industry. Demand for the commodity is also fueled by increased exports to foreign countries, which contributes to regional market growth. Additionally, China continues to expand its plant and project base, which is expected to increase demand for water treatment chemicals, thereby raising the region’s demand for flocculants. Acrylamide use in the oil and gas industry is relatively low in comparison to other countries, owing to the country’s restricted enhanced oil recovery and fracking operations. Chinese energy behemoths, on the other hand, are making strides by extracting natural gas from shale rock formations.

The region’s massive oil and gas reserves are a major factor driving demand for acrylamide. The Latin American market for acrylamide is expected to see increased demand due to the increasing industrial sector. During the assessment era, rapid industrialization in countries such as Brazil and Mexico is expected to drive market growth.

Competitive Analysis

The notable players are Anhui Jucheng Fine Chemicals Co., LTD, Ashland TIANRUN, SNF, BASF SE, Beijing Hengju Chemical Group, Dia-Nitrix Co., Ltd., Ecolab, Mitsui Chemicals, Inc, NUOER GROUP, Zibo Xinye Chemical Co., Ltd, Zhejiang Xinyong Biochemical Co., Ltd.

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.

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