Acrylamide Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Acrylamide Market Analysis
The market for acrylamide is expected to register a CAGR of over 4% during the forecast period.
COVID-19 negatively impacted the market. Owing to the pandemic, several countries worldwide went into lockdown to curb the spread of the virus. This completely disrupted the supply and demand chain, which negatively affected the market. Currently, the market has recovered from the COVID-19 pandemic and is growing at a significant rate.
- The market will likely grow in the short term because of the growing demand for enhanced oil recovery (EOR) processes, which use a lot of polyacrylamides. In the long run, the market will likely grow because of strict European water regulations, which use a lot of acrylamide in water treatment.
- However, acrylamide is obtained through interactions with heated meals and cigarette smoke. The unfavorable health impacts of this exposure are projected to be a significant hurdle for the worldwide acrylamide industry.
- Still, growing investments in water treatment in countries like China are expected to create immense opportunities for market growth.
- Asia-Pacific accounted for a significant market share, followed by North America and Europe.
Acrylamide Market Trends
Water Treatment Application to Dominate the Market
- Acrylamide is a linear polymer made up of monomer units with amide groups that stick to particles on the surface. The extensive polymer chain connects these particles together. This process is called flocculation and is widely used in wastewater treatment methods.
- When aqueous acrylamide or polyacrylamide (PAM) solutions are mixed with sewage, they form larger flocs, which can improve sedimentation rates in clarifiers, floatation rates in dissolved air flotation (DAF) systems, and water removal in sludge thickening equipment. Polyacrylamide is used a lot in industries like treating sewage, making pulp and paper, chemicals, petrochemicals, textiles, oil sands, and mining.
- The increased industrial demand for water has been a primary driver of the water treatment industry's strong growth. As water is utilized in huge quantities in numerous industries, such as power, steel, mining and metallurgy, petrochemicals, oil and gas, food and beverage, and textiles and dyes, governments across the world are implementing regulations related to wastewater treatment in these industries before releasing the water back into the environment.
- In sewage treatment, non-ionic polyacrylamide is preferred over its alternatives if the sewage system is acidic in nature. Furthermore, the inorganic flocculant poly-aluminum or aluminum sulfate provides better performance in the water treatment process.
- Cationic polyacrylamide is highly soluble in water and has an excellent flocculation effect. It is used in a variety of applications, including urban sewage treatment, paper making, metallurgical and petrochemical processing, food processing, dyeing, miner dressing, and industrial wastewater treatment.
- The Northeast Water Purification Plant (NEWPP) Expansion Phase 2 in Texas, United States; the Bull Run Filtration Project in Oregon, United States; the Reconstruction Project of Linville Water Treatment Plant in Southeast Queensland, Australia; etc., are some of the upcoming projects that may impact the demand for polymer.
- The Northeast Water Purification Plant (NEWPP) Expansion Project of the City of Houston is a design-build project that will increase the capacity of the existing water plant by 320 million gallons per day (MGD) by 2024. The project will enable the city and regional water agencies to satisfy predicted demand.
- Moreover, the market witnessed an increasing demand for PAM from nuclear power plants due to the rising demand for treated water from these plants. There are numerous water treatment plants that may be installed in new power plants, which are scheduled to be built by 2023.
- According to American States Water, during the fiscal year ending December 31, 2022, American States Water Company's operational revenue was USD 491.5 million. American States Water Corporation is a water and power provider based in California.
- Hence, with such projects expected to come online, the demand for acrylamide is likely to increase for water treatment applications during the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific is predicted to increase at a modest rate throughout the projection period. Increasing disposable income in emerging nations is driving demand for convenience items, helping the growth of the worldwide acrylamide market. China has the biggest market share and will be the top acrylamide user during the projection period.
- The number of new development wells drilled in China recently reached 15,178, marking a 4.9 percent rise over the previous year's value. This tendency will continue in the coming years due to the country's shale gas development.
- In 2021, China announced a substantially lower goal of creating 20 million m3/d of extra wastewater treatment capacity over the next five years. The figure is less than half the last five-year objective of 50.22 million m3/d, indicating the country's exceptional success in universalizing services.
- In early 2022, China approved new wastewater reuse guidelines, requiring 25% of sewage to be treated to reuse standards by 2025. This reflects the country's aim to shift away from capacity expansion and focus more on treated effluent quality. As part of the project, China aims to construct and refurbish 80,000 kilometers of wastewater collection pipes over the next five years.
- The "Water Pollution Prevention Action Plan," also called the "Water Jujo," spelled out China's goals for reducing water pollution until 2030.
- Because there isn't as much enhanced oil recovery and fracking in the country as in other places, acrylamide isn't used as much in the oil and gas industry as in other areas. On the other hand, Chinese energy giants are making progress by getting natural gas out of shale rock formations.
- As a result, all the causes listed above are projected to increase demand for the acrylamide market in the Asia-Pacific region in the future.
Acrylamide Industry Overview
The acrylamide market is consolidated, with a few players occupying the majority of the market share. Major companies operating in the market are SNF Group, CNPC, BASF SE, Mitsui Chemical Inc., Beijing Hengju Chemical Group Corporation, and Ashland, among others.
Acrylamide Market Leaders
SNF Group
BASF SE
Mitsui Chemicals, Inc.
Beijing Hengju Chemical Group Corporation
Ashland
*Disclaimer: Major Players sorted in no particular order
Acrylamide Market News
November 2022: Kerry released Acryleast Pro, the advanced iteration of the company's signature acrylamide-reducing non-GMO (non-genetically modified) yeast, Acryleast.
March 2022: Renaissance BioScience was granted new patents for its non-GMO acrylamide-reducing yeast (ARY) in India, China, Australia, Vietnam, and Russia.
Acrylamide Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Study Assumptions
1.3 Study Deliverables
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Rising Use for Enhanced Oil Recovery in Petroleum Industry
4.1.2 Increased Demand from Paper Mills
4.2 Restraints
4.2.1 Strigent Regulations towards the Usage of Acrylamide owing to its Toxicity
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
5.1 Application
5.1.1 Flocculant for Water Treatment
5.1.2 Pulp and Paper Manufacturing
5.1.3 Enhanced Oil Recovery
5.1.4 Other Applications
5.2 Geography
5.2.1 Asia-Pacific
5.2.1.1 China
5.2.1.2 India
5.2.1.3 Japan
5.2.1.4 South Korea
5.2.1.5 Rest of Asia-Pacific
5.2.2 North America
5.2.2.1 United States
5.2.2.2 Canada
5.2.2.3 Mexico
5.2.3 Europe
5.2.3.1 Germany
5.2.3.2 United Kingdom
5.2.3.3 France
5.2.3.4 Italy
5.2.3.5 Rest of Europe
5.2.4 South America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Rest of South America
5.2.5 Middle East and Africa
5.2.5.1 Saudi Arabia
5.2.5.2 South Africa
5.2.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations and Agreements
6.2 Market Share (%) Analysis**/ Market Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 AnHui JuCheng Fine Chemicals Co.Ltd.
6.4.2 Anhui Tianrun Chemicals
6.4.3 Ashland
6.4.4 BASF SE
6.4.5 Beijing Hengju Chemical Group Corporation
6.4.6 Dia-Nitrix Co., Ltd.
6.4.7 Ecolab
6.4.8 Jiangxi Changjiu Agrochemical Co.,Ltd.
6.4.9 Mitsui Chemical Inc.
6.4.10 SNF Group
6.4.11 Shandong Dongying Chemicals Co Ltd.
6.4.12 Zibo Xinye Chemical Co Ltd.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Upcoming Investments for Water Treatment
Acrylamide Industry Segmentation
Nitrile hydratase's hydrolysis of acrylonitrile results in the chemical compound known as acrylamide. Acrylamide is most commonly employed in industrial operations to produce polyacrylamides, which are water-soluble thickeners. Polyacrylamide accounts for approximately 90% of acrylamide's overall consumption. It is present in cigarette smoke. Acrylamide is formed during the heating of carbohydrates. The acrylamide market is segmented by application and geography. By application, the market is segmented into flocculants for water treatment, enhanced oil recovery, pulp and paper manufacturing, and other applications. The report also offers market sizes and forecasts for 15 countries across major regions. For each segment, market sizing and forecasts have been done on the basis of revenue (USD million).
| Application | |
| Flocculant for Water Treatment | |
| Pulp and Paper Manufacturing | |
| Enhanced Oil Recovery | |
| Other Applications |
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Acrylamide Market Research FAQs
What is the current Acrylamide Market size?
The Acrylamide Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Acrylamide Market?
SNF Group, BASF SE, Mitsui Chemicals, Inc., Beijing Hengju Chemical Group Corporation and Ashland are the major companies operating in the Acrylamide Market.
Which is the fastest growing region in Acrylamide Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Acrylamide Market?
In 2024, the Asia-Pacific accounts for the largest market share in Acrylamide Market.
What years does this Acrylamide Market cover?
The report covers the Acrylamide Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Acrylamide Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Acrylamide Industry Report
Statistics for the 2024 Acrylamide market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Acrylamide analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
