Acrylamide Market

Acrylamide Market Overview

During the forecast period, the acrylamide market is expected to grow at a CAGR of more than 4%. The growing demand for the enhanced oil recovery (EOR) process is expected to drive the acrylamide market, as polyacrylamide is widely used in this process.

Acrylamide is a chemical compound formed by nitrile hydratase hydrolysis of acrylonitrile. Acrylamide is primarily used in industrial processes to create polyacrylamides, which are water-soluble thickeners. Approximately 90% of acrylamide's total use is for the production of polyacrylamide. It can be found in cigarette smoke. Acrylamide is produced during the cooking of carbohydrates-rich foods.

Acrylamide serves as a chemical intermediate in the synthesis of N-methylol acrylamide and N-butoxyacrylamide. It is used as a superabsorbent in both medical and agricultural products, such as disposable diapers. A small amount of acrylamide is used in adhesives, seed coating binders, and printing ink emulsion. Acrylamide is also used in textile printing paste and as a water retention aid.

Which are Some Prominent Drivers Spearheading Acrylamide Market Growth?

Acrylamide is a chemical that is widely used in the water treatment industry. As a result, the global acrylamide market is being driven by stringent environmental regulations governing the disposal of sewage water. Acrylamides are also in high demand in the oil and gas industry due to increased oil recovery requirements.

The expanding petroleum industry is also expected to be a major driver of global acrylamide market growth during the forecast period. In the near future, the growing food and beverage industry is expected to fuel the global acrylamide market. People's changing lifestyles, combined with an increase in the use of convenience food products, are also expected to be major factors driving the global acrylamide market in the coming years.

Furthermore, rising consumer awareness of proper hygiene is increasing demand for personal care products, propelling the medical sector. The expanding medical sector is expected to have a positive impact on the expanding acrylamide market. The expansion of the adhesives and sealants industry is also expected to fuel demand for acrylamide, propelling the global acrylamide market.

What are the Challenges Faced by the Acrylamide Industry?

Acrylamide is acquired through contact with cooked foods and tobacco smoke. The negative health effects of this exposure are expected to be a major impediment to the global acrylamide market.

Why is Asia-Pacific Emerging as an Opportunistic Acrylamide Market?

The global acrylamide market is broadly segmented geographically into seven regions. China has the largest market share and will continue to be the largest consumer of acrylamide throughout the forecast period.

During the forecast period, Asia Pacific is expected to grow at a moderate pace. Growing disposable income in developing countries is increasing the demand for convenience products, assisting the global acrylamide market to grow.

In the recent past, the number of new development wells drilled in China reached 15,178, representing a 4.9 percent increase over the previous year's value. Because of the country's shale gas development, this trend is expected to continue in the coming years.

Nikhil Kaitwade

Principal Consultant

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How is Europe Contributing to the Growth of the Acrylamide Market?

Geographically, the European acrylamide market is expected to grow steadily between 2022 and 2032. The expansion of the oil and gas and water treatment sectors has an impact on regional product consumption. According to a new European Commission report published in November 2021, approximately 1.2 percent of urban wastewater in the European Union is still not collected, and nearly 6 percent is not adequately treated.

According to the commission, investments in some Member States are still slightly low in order to ensure compliance with the Urban Waste Water Treatment Directive (UWWTD). As a result, increased government investments are expected in the coming years, which will benefit regional product suppliers.

Market Competition

Among the major players in acrylamide, the industry is BASF SE, INEOS, SNF, Petro China Daqing, Kemira, Nalco, Rudong Nation, and Beijing Hengju.

To meet the growing market demand, manufacturers are investing in expanding their production capacities. SNF, for example, announced plans in August 2019 to invest more than USD 1.24 billion over three years to ramp up polyacrylamide production. In another case, Kemira invested nearly USD 83 million in June 2021 to expand bio-acrylamide and emulsion polymer production capacity at its Mobile facility.

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Report Scope

Key Segments Covered in the Acrylamide Market Report

End Use Industry:

• Acrylamide for Water Treatment
• Acrylamide for Oil and Gas Industry
• Acrylamide for Paper and Pulp Industry
• Acrylamide for Food Packaging Industry
• Acrylamide for Cosmetics Industry
• Acrylamide for Other End Use Industries

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East & Africa