The scope of our recent study on "Acrylamide Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product Type and Application," includes the factors fuelling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.
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. 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.
The market for acrylamides is segmented by application into water and wastewater treatment, enhanced oil recovery, cosmetics, paper manufacturing, chemical intermediates, textiles, and others. In 2020, the largest segment of the market was water and wastewater treatment. Acrylamide serves as a precursor to polyacrylamide, which is widely used in flocculating solids in water and wastewater treatment. It plays a role in the process of liquid-solid separation, including primary sewage treatment and the treatment of water from mineral mining operations.
The global market for acrylamides is divided into five primary regions, including North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America (SAM). The Asia Pacific region was the leading market in 2020 due to factors such as increased demand for personal care and cosmetic products and a rise in demand from the enhanced oil recovery sector. 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 aid in pushing the oil trapped in the reservoir toward the pump.
Impact of COVID-19 Pandemic on Acrylamide Market
The acrylamides market faced negative impacts in the initial phase of the COVID-19 pandemic due to the closure of manufacturing facilities, transportation and logistics restrictions, and supply chain disruptions. However, the situation has improved as governments of several countries have eased the imposed restrictions, leading to a resurgence of business activities. Additionally, successful vaccination drives have further alleviated the situation. The acrylamides market is experiencing growth due to the recovery of various end-use industries.
Acrylamide Market Segmentation
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 categorized based on 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.
The acrylamide market is segmented by geography into North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America, with diverse applications such as enhanced oil recovery, water and wastewater treatment, chemical intermediates, paints, and coatings. The global chemicals and materials industry is experiencing significant growth, which is expected to drive the acrylamide market's strong growth in the forecast period.
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