Global Acrylamide Market Size To Worth USD 5.48 Billion by 2033 | CAGR of 4.20%
Category: Chemicals & MaterialsGlobal Acrylamide Market Size To Worth USD 5.48 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Acrylamide Market Size is to Grow from USD 3.63 Billion in 2023 to USD 5.48 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 4.20% during the projected period.
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Browse key industry insights spread across 226 pages with 110 Market data tables and figures & charts from the report on the "Global Acrylamide Market Size, Share, and COVID-19 Impact Analysis, By Product (Polyacrylamide, Acrylamide Copolymers, and Acrylamide Crystals), By Application (Wastewater Treatment, Dispersing Agent, Oil Recovery Agent, and Stabilizer & Thickener), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/acrylamide-market
Acrylamide is a chemical molecule that is widely used in the manufacture of paper, dyes, and other commercial items. Acrylamide is commonly found in plant-based products such as grains, potatoes, and coffee, which will help to drive market expansion. The worldwide acrylamide market has expanded dramatically due to increased demand from major end-use industries such as water treatment and personal care. Acrylamide is used as a flocculant in the treatment of municipal and industrial wastewater to remove suspended particles and organic materials. The increased need for clean water, particularly in emerging markets, is expected to drive the demand for acrylamide in water treatment industries. However, the government's stringent laws limiting the use of acrylamide could hinder the sector's growth.
The polyacrylamide segment dominated the market over the projection period.
Based on the product, the global acrylamide market is divided into polyacrylamide, acrylamide copolymers, and acrylamide crystals. Among these, the polyacrylamide segment dominated the market over the projection period. Polyacrylamides are water-soluble linear polymers made of acrylamide or a combination of acrylamide and acrylic acid. Polyacrylamide is employed in the pulp and paper industry, agriculture, food processing, mining, and as a flocculant in wastewater treatment. Polyacrylamides (PAMs) are water-soluble, high-molecular-weight molecules produced by polymerizing the monomer acrylamide. They are widely used for sedimentation and erosion control (ESC) activities and are predicted to grow in the coming years.
The wastewater treatment sector is likely to drive market expansion throughout the forecast period.
Based on the application, the global acrylamide market is divided into wastewater treatment, dispersing agents, oil recovery agents, and stabilizers & thickeners. Among these, the wastewater treatment sector is likely to drive market expansion throughout the forecast period. Wastewater treatment is a critical step in many industries, including regional, industrial, and commercial. Acrylamide is commonly used as a flocculant in water and wastewater treatment processes. It helps to remove contaminants, suspended debris, and organic matter from water, increasing its nutritional value and making it appropriate for a wide range of applications. Furthermore, the expansion of industries including oil and gas, pharmaceuticals, chemical products, and food and beverage has benefited the water and wastewater treatment business.
Asia-Pacific is having the biggest share of the global acrylamide market over the forecast period.
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Asia-Pacific is likely the largest region throughout the forecast period. Increasing disposable income in emerging nations drives up demand for convenience items, which boosts the worldwide acrylamide market. China has the biggest market share and will be the main acrylamide user throughout the projection period due to its quick growth. The presence of big economies such as China, India, and Japan contribute to this domination. China is recognized as the dominant country in the Asia-Pacific region. The rising demand is mostly owing to the present large-scale initiatives in China.
Europe is predicted to grow fastest pace throughout the forecast period. The growth of the oil and gas and water treatment sectors influences regional product consumption. The commission noted that numerous member states' expenditures remain insufficient to ensure compliance with the urban water treatment directive. As a result, government investments are likely to increase in the upcoming years, benefiting regional product manufacturers.
Major vendors in the global acrylamide market include, Dia-Nitrix Co., Ltd, Kemira Oyj, Jiangxi Changjiu Agrochemical Co., Ltd, Mitsui Chemicals, Inc, Ecolab Inc, INEOS, Petro China Daiqing, Rudong Natian, Beijing Hengju, Cytec Industries Incorporated, The Dow Chemical Company, National Aluminum Company Limited, Zhejiang Xinyong Biochemical Co. Ltd, Yongsan Chemicals Inc, Ashland, Anhui Jucheng Fine Chemicals Co. Ltd, BASF SE, SNF Group, and Others.
Recent Developments
- In January 2024, SNF, the world's leading producer of polyacrylamide, has announced a $250 million growth plan in the Sultanate of Oman, which will be funded by self-financing and partnership. With an active content capacity of more than 1.5 million tonnes, SNF is the world's top provider of chemical enhanced oil recovery (EOR) solutions.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global acrylamide market based on the below-mentioned segments:
Global Acrylamide Market, By Product
- Polyacrylamide
- Acrylamide Copolymers
- Acrylamide Crystals
Global Acrylamide Market, By Application
- Wastewater Treatment
- Dispersing Agent
- Oil Recovery Agent
- Stabilizer & Thickener
Global Acrylamide Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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