According to the report, the global acrylamide monomer market is projected to grow at a CAGR of 9.5% between 2024 and 2032 reaching a value of approximate USD 9.39 billion by 2032. Aided by the burgeoning need for waste and water treatment along with its versatile industrial applications, the market is expected to grow significantly by 2032.
Acrylamide monomer is an organic compound primarily used in the synthesis of polyacrylamides. These polymers are widely acknowledged in water treatment processes due to their role in coagulation and flocculation. Acrylamide's utility doesn't end here; it's an instrumental component in a plethora of industries ranging from paper and textile manufacturing to oil and gas, with applications in gel electrophoresis in the field of molecular biology.
One of the pivotal factors spearheading the global acrylamide monomer market growth is the intensifying need for water and wastewater treatment solutions. As urbanisation rates surge and industrial activities proliferate, the pressure on freshwater resources is mounting. Acrylamide-based polymers, given their efficiency in treating water, are experiencing amplified demand. With global communities moving towards sustainable water management practices, acrylamide's prominence in water treatment solutions has become inevitable.
Additionally, the widening applications of acrylamide monomer in diverse industrial spheres significantly bolsters the acrylamide monomer market outlook. In the paper industry, acrylamide is employed to enhance paper strength, while in the textile sector, it is used as a textile sizing agent and to produce soft-finish fabrics. Its role in oil recovery processes in the oil and gas sector cannot be overlooked, as it aids in enhancing the viscosity of the drilling fluid, optimising the drilling process.
Molecular biology is another sector reaping the benefits of acrylamide. Utilised in gel electrophoresis, acrylamide assists in the separation and analysis of proteins and nucleic acids, thereby aiding research endeavours. Its importance in deciphering molecular structures has fortified its position in the scientific community.
In the realms of environmental conservation, the importance of acrylamide in soil conditioning is gathering traction. As environmentalists and agriculturists search for solutions to combat soil erosion and improve water retention in arid regions, acrylamide-based grouting agents are emerging as saviours. These agents, when introduced to soil, enhance its porosity, thereby aiding water conservation efforts and improving agricultural yields.
Moreover, the rise of innovative applications, like its potential use in organic electronics and sensor technologies, paves the way for a greater acrylamide monomer market demand. As the world leans more towards technology-integrated solutions, the application base for acrylamide is set to expand, promising lucrative opportunities.
Acrylamide monomer is an organic compound primarily used in the synthesis of polyacrylamides. These polymers are widely acknowledged in water treatment processes due to their role in coagulation and flocculation. Acrylamide's utility doesn't end here; it's an instrumental component in a plethora of industries ranging from paper and textile manufacturing to oil and gas, with applications in gel electrophoresis in the field of molecular biology.
One of the pivotal factors spearheading the global acrylamide monomer market growth is the intensifying need for water and wastewater treatment solutions. As urbanisation rates surge and industrial activities proliferate, the pressure on freshwater resources is mounting. Acrylamide-based polymers, given their efficiency in treating water, are experiencing amplified demand. With global communities moving towards sustainable water management practices, acrylamide's prominence in water treatment solutions has become inevitable.
Additionally, the widening applications of acrylamide monomer in diverse industrial spheres significantly bolsters the acrylamide monomer market outlook. In the paper industry, acrylamide is employed to enhance paper strength, while in the textile sector, it is used as a textile sizing agent and to produce soft-finish fabrics. Its role in oil recovery processes in the oil and gas sector cannot be overlooked, as it aids in enhancing the viscosity of the drilling fluid, optimising the drilling process.
Molecular biology is another sector reaping the benefits of acrylamide. Utilised in gel electrophoresis, acrylamide assists in the separation and analysis of proteins and nucleic acids, thereby aiding research endeavours. Its importance in deciphering molecular structures has fortified its position in the scientific community.
In the realms of environmental conservation, the importance of acrylamide in soil conditioning is gathering traction. As environmentalists and agriculturists search for solutions to combat soil erosion and improve water retention in arid regions, acrylamide-based grouting agents are emerging as saviours. These agents, when introduced to soil, enhance its porosity, thereby aiding water conservation efforts and improving agricultural yields.
Moreover, the rise of innovative applications, like its potential use in organic electronics and sensor technologies, paves the way for a greater acrylamide monomer market demand. As the world leans more towards technology-integrated solutions, the application base for acrylamide is set to expand, promising lucrative opportunities.
Market Segmentation
The market can be divided based on end use and region.Market Breakup by End Use
- Waste and Wastewater Treatment
- Petroleum (Mostly Drilling Fluid)
- Pulp/Paper
- Mining
- Coating
- Printing/Dyeing
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global acrylamide monomer market. Some of the major players explored in the report are as follows:- BASF SE
- Mitsui Chemicals, Inc.
- Ashland
- Others
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Industry Opportunities and Challenges11 Value Chain Analysis
3 Report Description
5 Executive Summary
6 Snapshot
8 Global Acrylamide Monomer Market Analysis
9 Regional Analysis
10 Market Dynamics
12 Trade Data Analysis
13 Price Analysis
14 Feedstock Market Analysis
15 Competitive Landscape
16 Events and Developments
List of Key Figures and Tables
Companies Mentioned
- BASF SE
- Mitsui Chemicals Inc.
- Ashland
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 160 |
| Published | November 2023 |
| Forecast Period | 2024 - 2032 |
| Estimated Market Value ( USD | $ 4.54 Billion |
| Forecasted Market Value ( USD | $ 9.39 Billion |
| Compound Annual Growth Rate | 9.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 3 |
