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Acrylamide Market Segmented By Product type such as Acrylamide Water Solution and Acrylamide Crystals with applications includes Enhanced Oil Recovery, Pulp and Paper Manufacturing, Textile Sizing, Flocculent and Thickener
Acrylamide, also known as acrylic amide, is a white, odorless organic compound soluble in water and other organic solvents. Acrylamide can react violently when it is melted. Manufacturing process of acrylamide involves hydrolysis of acrylonitrile with the presence of a catalyst such as sulfuric acid and other metal salts.
Owing to its highly toxicity, acrylamide is mostly handled in an aqueous solution. Acrylamide is present in tobacco smoke and also formed in foods that are rich in starch when cooked at normal temperatures. It is called as Maillard reaction.
Acrylamide finds applications in the production of polyacrylamide which is further used as water soluble thickeners and is also used in many industrial processes like treatment of drinking and sewage water, production of paper, dyes and plastics and is found in consumer products like adhesives and food packaging. Polyacrylamide is even used as a superabsorbent in products like diapers and other incontinency products.
Acrylamide can also be formulated into cosmetics and grooming kits as thickening agents; however are comparatively used in small quantities. Acrylamide is also used as a chemical intermediate in the production of organic chemicals. There is an important use of acrylamide in the enhanced oil recovery of jet fuel and other petro chemicals wherein it helps to increase the viscosity of the injected water and helps push the oil locked in the reservoirs through the pump.
Increasing government spending on the treatment of water with the adoption of various rules and regulations about disposal of sewage water from various industries is anticipated to propel the demand for acrylamide during the forecast period. Increasing need for oil recovery with rising oil prices to further push the demand for acrylamide in upcoming years.
With the increased adoption of convenience food products in many developed and developing economies with the change in the lifestyle pattern of the consumers is also expected to spur the demand of the acrylamide.
Growing concern of the consumers pertaining to hygiene issues is in turn increasing the need for the personal care products which in turn is projected to positively impact the acrylamide market. With the use of acrylamide in hydraulic fracturing, unconventional gases can be recovered and create a great opportunity to propel the demand for acrylamide in foreseeable future.
High toxicity level of acrylamide and stringent government regulations owing to increased human and environmental health concerns is anticipated to hamper the growth of acrylamide. Furthermore, increasing consumer awareness towards health and diet may have adverse impacts on the acrylamide market owing to its hazardous and carcinogenic nature.
The global Acrylamide market is segmented on the basis of application, product type and end use industry
Based on product type, the global acrylamide market can be segmented as mentioned below:
Based on application, the global acrylamide market can be segmented as mentioned below:
By end use industry segment, the global acrylamide market can be segment as mentioned below:
Globally, interruption in industrial and trade activity owing to COVID-19 impacted countries is anticipated to result in a drastic change in economic growth of individual region and at global level. Lockdowns being imposed by the government of many regions, supply chain crunch and closure of various manufacturing units with insufficient labor has hampered the growth of the acrylamide market to a certain point.
The sewage monitoring and disposal became a very important concern during the pandemic with increasing health concern amongst the consumers.
Furthermore, increasing consumption of personal care products was experienced during the pandemic period; however, other industries including, oil & gas, mining, pulp & paper and textile were at a halt during the pandemic period and experienced a downturn in terms of growth which in turn negatively impacted to global acrylamide market.
The overall acrylamide market is anticipated to be impacted adversely during the pandemic period; however is projected to gain traction with increasing government initiatives to offset the downturn in the economy.
Asia-Pacific region is anticipated to dominate to global acrylamide market and is anticipated to continue its dominance during the assessment period. China being the leading producer and consumer of acrylamide and the increasing demand from the water treatment industry in China is a key factor for driving the growth of acrylamide market in the region.
With rapid industrialization, the growth potential of acrylamide in economies like Malaysia, Thailand, and South Korea is also increasing. North America market of acrylamide is anticipated to grow on the back of increasing growth in oil & gas industry in U.S. and increasing per capita consumption of cosmetics products in the region.
European acrylamide market growth is attributed to its strict regulations pertaining to sewage water disposal by the European commission. The growth of sectors like power generation is further expected to increase the demand of acrylamide in the region.
The presence of large oil and gas reserves in the region of the Middle East and Africa is estimated to be a key factor in the increase of the use of acrylamide in this region. With to the growth of the industrial sector of Latin America, it is expected to raise the demand of acrylamide in this region as well.
Among from the segments, the water treatment segment is expected to boost the market growth in the coming forecast period owing to increasing application of acrylamide. Also, stringent regulations adopted by European commission is expected to impact the growth of acrylamide market in the wastewater treatment segment.
Furthermore, as the demand of the enhanced oil recovery segment is increasing, it would further help in the increased demand of acrylamide market as it has a major application during the process and many developed and developing economies are a major driver for the growth of this segment.
Globally, the acrylamide market is expected to see a rise in demand of acrylamide from end use industries such as water treatment, tertiary oil refining, ore processing, gel electrophoresis and in the synthesis of dyes and plastic goods.
With the strict implementations of the government regulations on the disposal and treatment of water from industries like mining, power, petrochemical, food and beverage and textile and dyes is another reason that is expected to add more growth to the global acrylamide market in future; however, hazardous nature of acrylamide may restrict its growth to certain extent.
The acrylamide market is estimated to be fairly fragmented owing to the number of players in the international market. Few of them are identified across the value chain which is -
The research report on Acrylamide market presents a comprehensive assessment of the market and contain thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
The Acrylamide market report also contains projections using a suitable set of assumptions and methodologies. The research report on Acrylamide market provides analysis and information according to market segments such as of product type, application and end use.
The Acrylamide market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The Acrylamide market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Acrylamide market report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.