Acrylamide - Global Strategic Business Report

The global market for Acrylamide was estimated at US$4.8 Billion in 2023 and is projected to reach US$6.4 Billion by 2030, growing at a CAGR of 4.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Acrylamide Market - Key Trends & Drivers Summarized

Why Is Acrylamide a Key Component in Water Treatment and Enhanced Oil Recovery?

Acrylamide, a chemical compound used primarily in the production of polyacrylamide, is a key component in water treatment and enhanced oil recovery (EOR). In water treatment, polyacrylamide serves as a flocculant that helps in the removal of suspended solids and contaminants, improving water quality and clarity. The increasing need for clean water, driven by rapid industrialization, urbanization, and population growth, is significantly boosting the demand for acrylamide in municipal and industrial water treatment applications. In the oil and gas sector, polyacrylamide is used in EOR techniques to increase the viscosity of water injected into oil wells, improving oil recovery rates. As the global energy demand rises and conventional oil fields mature, the need for EOR is becoming more pronounced, further driving the demand for acrylamide.

How Are Technological Advancements Shaping the Acrylamide Market?

Technological advancements are shaping the acrylamide market by improving production processes and expanding its application range. Innovations in the production of acrylamide, such as the use of biocatalysts and advanced catalysts, have enhanced yield efficiency, reduced environmental impact, and lowered production costs. Additionally, the development of high-performance polyacrylamide derivatives with superior flocculation and rheological properties is opening new opportunities in water treatment, oil recovery, and paper manufacturing. The growing use of acrylamide in the production of specialty chemicals, such as gels for biomedical and cosmetic applications, is further expanding the market. These technological innovations are driving the adoption of acrylamide across various industries, enhancing its market potential.

What Are the Environmental and Regulatory Challenges Facing the Acrylamide Market?

The acrylamide market faces several environmental and regulatory challenges that impact its growth trajectory. Acrylamide is classified as a probable human carcinogen, raising concerns about its use in food packaging, water treatment, and other applications. Regulatory bodies such as the Environmental Protection Agency (EPA) and the European Chemicals Agency (ECHA) have established strict guidelines for the safe handling, use, and disposal of acrylamide, which can increase compliance costs for manufacturers. Additionally, the need for specialized equipment and procedures to mitigate exposure risks can limit market growth. However, these challenges are also driving innovation in developing safer and more sustainable acrylamide alternatives, creating opportunities for new product development.

The Growth in the Acrylamide Market Is Driven by Several Factors

The growth in the acrylamide market is driven by several factors, including the increasing demand for water treatment and enhanced oil recovery solutions, technological advancements in production processes, and the development of high-performance polyacrylamide derivatives. The rising need for effective water treatment chemicals in industrial and municipal applications is a significant driver, supported by the growing emphasis on environmental sustainability and regulatory compliance. Technological advancements, such as the use of biocatalysts and advanced catalysts, are enhancing production efficiency and reducing costs, supporting market expansion. Additionally, the demand for acrylamide in specialty chemicals for biomedical and cosmetic applications and the expansion of oil and gas exploration activities are contributing to the market's growth. The development of eco-friendly and low-toxicity acrylamide formulations is also providing new growth opportunities.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Waste & Wastewater Treatment End-Use segment, which is expected to reach US$2.2 Billion by 2030 with a CAGR of a 4.4%. The Oil & Gas End-Use segment is also set to grow at 3.8% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, which was estimated at $1.3 Billion in 2023, and China, forecasted to grow at an impressive 6.9% CAGR to reach $1.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Acrylamide Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Acrylamide Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Acrylamide Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Anhui Jucheng Fine Chemicals Co.Ltd, Anhui Tianrun Chemicals Co., Ltd., Ashland Global Holdings, Inc., and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 41 Featured):

• Anhui Jucheng Fine Chemicals Co.Ltd
• Anhui Tianrun Chemicals Co., Ltd.
• Ashland Global Holdings, Inc.
• Black Rose Industries Ltd.
• China National Petroleum Corporation
• Ecolab, Inc.
• Envitech Chemical Specialities Pvt.Ltd.
• Kemira Oyj
• PetroChina Company Limited
• Shandong Tongli Chemical Co., Ltd.
• Shuiheng Chemical Industry (Chinafloc)
• Sinopec Corporation
• SNF s.a.s.
• Xitao Polymer Co., Ltd.
• Yixing Cleanwater Chemicals Co., Ltd.
• Zhejiang Xinyong Biochemical Co., Ltd.