Global Acrylamide Market was valued US$ XX Mn in 2019 and is expected to grow US$ XX Mn by 2027, at a CAGR of XX% during the forecast period.
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Acrylamide is a water-soluble monomer primarily used in the production of polyacrylamide (PAM) as a chemical intermediate or a monomer. All Acrylamide and PAM are used as a means of producing flocculants for clarifying drinking water in wastewater treatment. These are used during coal mining for the treatment of municipal wastewater, carbon-drying wastewater, and other types of industrial wastewater. Acrylamide levels in food fluctuate broadly depending on the manufacturer, the cooking time, the method, and the temperature of the cooking process. People are exposed to significantly more acrylamide from tobacco smoke than from food. People who smoke have three to five time’s higher levels of acrylamide exposure indicators in their blood than do non-smokers. The National Toxicology Program’s Report on Carcinogens considers acrylamide to be reasonably expected to be a human carcinogen, based on studies in laboratory animals given acrylamide in drinking water.
Increasing requirements for water purification to boost the demand for Acrylamide. Water treatment continues to be the main application of Acrylamide in regions, like the USA and Europe. The rising water treatment chemicals industry in North America is expected to encourage the growth of the Acrylamide industry in the future. The Acrylamide industry is also driven by intensified wastewater treatment facilities investment. Stringent water protection policies introduced by the European Commission are expected to have a positive impact on the European water treatment chemicals industry, which in turn would fuel the development of the water treatment applications Acrylamide market segment. In addition, rising oil & gas prices, increasing government expenditure on oil & gas sector, and key player's approach towards enhanced oil recovery is resulting in the growing demand for acrylamide which are some other factors expected to support the growth of the global market. Additionally, the flourishing cosmetic industry in developed and developing countries, growing awareness among consumers associated with hygiene is resulting in increasing demand for personal care products. The demand for acrylamide from cosmetic product manufacturers is expected to further boost the growth of the Acrylamide market.
On the other hand, stringent government regulation related to the use of acrylamide, due to high toxicity level is a key factor expected to hinder the growth of the global market. Also, high exposure to acrylamide having negative effects on health is resulting in limited adoption of acrylamide which is a major factor expected to challenge the growth of the global market in the future.
According to the application, the waste and wastewater treatment segment is expected to hold the largest market share of the global market by 2027. This segment presently includes over one-third of the total revenue shares in the global acrylamide market.
Region-wise, the market in North America is expected to register the largest market share in the global market by 2027. Because of the flourishing cosmetic industry, demand from the oil & gas sector, and the existence of major manufactures operating in the countries in this region. Also, increasing growth activities through strategic M&A activities is expected to further support the growth of the market in the North America region in the future.
The market in Asia-Pacific is expected to witness faster growth, on account of increasing government expenditure of water treatment plants and the presence of noticeable players operating in developing economies in the Asia-Pacific region.
The objective of the report is to present a comprehensive analysis of the Global Acrylamide Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Acrylamide Market dynamics, structure by analyzing the market segments and project the Global Acrylamide Market size. Clear representation of competitive analysis of key players by type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Acrylamide Market make the report investor’s guide.
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Scope of the Global Acrylamide Market
Global Acrylamide Market, By Application
• Waste and Wastewater Treatment
• Pulp & Paper
• Printing & Dyeing
Global Acrylamide Market, By Physical Form
• Solid Crystalline
Global Acrylamide Market, By Process Catalyst
• Microbial catalyst
• Copper catalyst
Global Acrylamide Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
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