acrylamide Market

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 expected to grow at a CAGR of 6.2% from 2021 to 2028.

Acrylamide is a solid substance that lacks odor and can dissolve in both water and different organic solvents. It can be obtained in crystal form or as a solution in water. Acrylamide is currently being used more frequently in the treatment of water and wastewater.

The global acrylamide market based on product type is bifurcated into acrylamide water solutions and acrylamide crystals. In 2020, the acrylamide crystals segment led the acrylamide market and is also expected to be the fastest-growing segment in the acrylamide market during the forecast period.

The market for acrylamides is segmented geographically into North America, Europe, Asia Pacific (APAC), South and Central America (SCAM), and the Middle East and Africa (MEA). In 2020, the Asia Pacific region held the dominant share of the market. The demand for personal care and cosmetic products has increased due to changing consumer lifestyles and rising urbanization, resulting in a higher demand for acrylamides. The growth of the acrylamide market in the Asia Pacific region is also driven by the increasing use of acrylamides in industries such as enhanced oil recovery, paper and pulp, water and wastewater treatment, and textiles.

The COVID-19 pandemic posed unprecedented challenges to various industries, including the chemicals & materials sector. The acrylamides market was adversely impacted by the shortage of raw materials and labor, factory shutdowns, and operational difficulties due to COVID-19 safety protocols. This situation led to a restraint in the growth of the market. However, with the successful implementation of vaccination programs, the situation has improved, and business activities are resuming, leading to a rise in demand for acrylamides. Global economies are recovering, and manufacturers are restoring the production capacity of acrylamides. This development is expected to increase the demand for acrylamides globally in the years to come.

Ashland Global Holding Inc.; SNF; Kemira OYJ; BASF SE; EMCO Dyestuff; Mitsui Chemicals Global, Pvt. Ltd.; Ineos AG; Solvay; Nuoer Group; and Black Rose Industries Ltd.; are among the leading players in the acrylamides market. These companies are adopting strategies, such as mergers & acquisitions and product launches, to expand their geographic presence and consumer bases.

The global market size for acrylamides has been determined through a comprehensive research process that involved both primary and secondary sources. The research process began with extensive secondary research using both internal and external sources to gather qualitative and quantitative information related to the market. In addition, multiple primary interviews were conducted with industry experts, including VPs, business development managers, market intelligence managers, national sales managers, as well as external consultants such as valuation experts, research analysts, and key opinion leaders who specialize in the global acrylamides market. The purpose of these interviews was to validate the data and obtain additional analytical insights into the topic.