Global Acrylamide Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Acrylamide Market 2021 (Includes Business Impact of COVID-19)
Global Acrylamide Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global acrylamide market report has been segmented on the basis of end use industry and region.
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The global Acrylamide market size was valued at USD$1.94 billion in 2020 and is projected to reach $3.50 billion by 2030, and is anticipated to expand at a CAGR of 5.13% over the forecast period from 2020 to 2030.


Global Acrylamide Market: Overview


Acrylamide is a chemical used primarily to make substances called polyacrylamide and acrylamide copolymers. Polyacrylamide and acrylamide copolymers are used in many industrial processes, such as production of paper, dyes, and plastics, and in treatment of drinking water and wastewater, including sewage. They are also found in consumer products, such as caulking, food packaging, and some adhesives.

Acrylamide levels in food vary widely depending on the manufacturer, the cooking time, and the method and temperature of the cooking process. People are exposed to substantially more acrylamide from tobacco smoke than from food. People who smoke have three to five times higher levels of acrylamide exposure markers in their blood than do non-smokers. The National Toxicology Programs Report on Carcinogens considers acrylamide to be reasonably anticipated to be a human carcinogen, based on studies in laboratory animals given acrylamide in drinking water


Global Acrylamide Market: Dynamics


Increasing government expenditure on water treatment plants, coupled with developing rules and regulations pertaining to dispose of sewage water is resulting in growing demand for acrylamide which is a major factor expected to drive growth of the global market. In addition, rising oil & gas prices, increasing government expenditure on oil & gas sector, and major players approach towards enhanced oil recovery is resulting in growing demand for acrylamide which are some other factors expected to support growth of the global market.

Developing food & beverage sector in developed and developing counters, changing lifestyle pattern, coupled with increasing adoption of convenience food products is expected further boost demand for acrylamide.

Moreover, flourishing cosmetic industry in developed and developing countries, growing awareness among consumers related to hygiene is resulting in increasing demand for personal care products. Increasing demand for acrylamide from cosmetic product manufacturers is expected to further boost growth of the market.

However, stringent government regulation related to use of acrylamide, owing to high toxicity level is a major factor expected to hamper growth of the global market. In addition, high exposure to acrylamide having negative effects on health is resulting in limited adoption of acrylamide which is a major factor expected to challenge growth of the global market to certain extent.


Global Acrylamide Market: Region


The market in North America is expected to dominate in the global market and is expected to continue its dominance over the forecast period. This can be attributed to flourishing cosmetic industry, increasing demand from oil& gas sector, and presence of major manufactures operating in the countries in this region. In addition, increasing expansion activities through strategic merger and acquisition activities is expected to further support growth of the target market in this region over the forecast period.

The market in Asia Pacific is expected to witness faster growth, owing to increasing government expenditure of water treatment plants and presence of prominent players operating in emerging economies in this region.

Global Acrylamide Market Segmentation:

Segmentation by end use industry:

  
Water treatment
  
Oil and gas
  
Paper and pulp
  
Food packaging
  
Cosmetics


Key Market Players included in the report:


  
Anhui Jucheng Fine Chemicals Co.LTD
  
Ashland Inc.
  
BASF SE
  
Beijing Hengju Chemical Group
  
Cytec Industries Incorporated
  
Dia-Nitrix Co., Ltd.
  
Ecolab
  
INEOS
  
Kemira
  
Mitsui Chemicals, Inc.
  
Nalco
  
National Aluminium Company Limited
  
NUOER GROUP
  
SNF Group
  
The Dow Chemical Company
  
TIANRUN
  
Yongsan Chemicals,Inc.
  
Zhejiang Xinyong Biochemical Co.,Ltd.
  
Zibo Xinye Chemical Co. Ltd.


Below are the key development related to Acrylamide Market in 2020 and 2021.


June 2021: Kemira Completes Emulsions And Bio-Acrylamide Expansion In Alabama. Kemira Oyj (Helsinki, Finland) has completed the installation of new state-of-the art production units for emulsion polymers and bio-acrylamide monomer at its manufacturing site in Mobile, Alabama. Production has started and the facility is expected to be fully operational during summer 2021. The value of the investment is around 70 million euros and it will support Kemira’s strategic focus to grow faster than the market. Source