Market Size of Acrylamide Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 3.5 Million tons |
| Market Volume (2029) | 4.43 Million tons |
| CAGR (2024 - 2029) | 4.81 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
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 Acrylamide Market size is estimated at 3.5 Million tons in 2024, and is expected to reach 4.43 Million tons by 2029, growing at a CAGR of 4.81% during the forecast period (2024-2029).
The COVID-19 pandemic impacted the market negatively in 2020. Owing to the pandemic, several countries worldwide witnessed lockdowns to help curb the spread of the virus. This completely disrupted the supply and demand chain, which negatively affected the market. The market later recovered and began growing at a significant rate.
- The market is expected to 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 may 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.
- 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.
