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.
Market Overview:
Acrylamide is an odorless solid and is soluble in water and various organic solvents. It is used in various industrial processes, such as the production of paper, dyes, and plastics, and in the treatment of drinking water and wastewater, including sewage.
Based on the application, the acrylamides market is segmented into water and wastewater treatment, enhanced oil recovery, cosmetics, paper manufacturing, chemical intermediates, textiles, and others. In 2020, the water and wastewater treatment segment was the dominant segment in the market. Acrylamide is used as a precursor to polyacrylamide which is being extensively used in the flocculation of solids in water and wastewater treatment. It is involved in the liquid-solid separation process which includes primary sewage treatment and the treatment of water from mineral mining operations.
The global acrylamides market is segmented into five main regions—North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America (SAM). In 2020, Asia Pacific was the dominating region in the global market. The Asia Pacific acrylamides market is growing due to several factors, such as increased demand for personal care and cosmetic products and the rise in the demand from the enhanced oil recovery sector. Various government policies in the region that promote enhanced recovery methods for oil and gas are driving the demand for acrylamide, as it is being used to increase the viscosity of the injected water and helps in pushing the oil locked in the reservoir toward the pump.
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Impact of COVID-19 Pandemic on Acrylamide Market
Initially, the COVID-19 pandemic adversely affected the acrylamides market due to the shutdown of manufacturing facilities and the restrictions on transportation and logistics. The disruptions in the supply chain also hampered the supply of acrylamides. However, businesses are recovering, as the governments of various countries have reduced imposed restrictions. Moreover, successful vaccination drives have further eased the current scenario leading to a rise in business activities across the globe. The recovery of various end-use industries is also driving the acrylamides market.
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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 acrylamide 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 for a wide range of applications including enhanced oil recovery, water and wastewater treatment, chemical intermediate, paints and coatings, among others. With the significant growth of the chemicals and materials industry across the world, the acrylamide market is also expected to witness strong growth over the forecast period
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