The Global Acrylamide Market size is poised to grow at a compound annual growth rate (CAGR) of 4.1% during the forecast period.
The synthetic polymer polyacrylamide (PAM), with the chemical formula CH2CHCONH2, is created by polymerizing acrylamide monomer. Due to its gel-like qualities, it is employed in operations like water treatment, paper production, and screen printing for flocculating solids in liquids. Soil conditioning and improved oil recovery are two additional frequent applications for polyacrylamide and its derivatives.
Powder, solution, and emulsion polymers of polyacrylamide are available for purchase. It is a chemical step in making N-butoxy acrylamide and N-methyl acrylamide. The requirement for polyacrylamide has increased due to the exponential population growth and the rising necessity for water filtration.
Market Dynamics
Drivers:
In the water treatment sector, acrylamide is a frequently utilized chemical. Strict environmental rules governing sewage water disposal drive the global acrylamide market. Due to rising demands for oil recovery, acrylamides are also quite popular in the oil and gas industry too. During the projected period, it is anticipated that the growing petroleum sector will play a significant role in driving the growth of the global acrylamide market.
The expanding food and beverage sector is anticipated to boost the acrylamide market in the near future. The global market for acrylamide is anticipated to be significantly influenced by a combination of people’s shifting lifestyles and a rise in the consumption of convenience foods.
Restraints:
Contact with smoke from cigarettes and cooked food can lead to the development of acrylamide. The harmful health consequences of this exposure is anticipated to be a significant barrier for the global acrylamide industry.
Key players:
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Firestone
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Complete Auto Care
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Meineke
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Jiffy Lube
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Midas
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Safelite Group
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Monro Muffler Brake
Market Segmentation:
By Product Outlook
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Acrylamide Water Solution
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Acrylamide Crystals
By Application Outlook
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Oil Recovery
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Pulp and Paper Manufacturing
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Textile Sizing
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Flocculent
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Thickener
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Others
By End Use Outlook
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Water Treatment
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Oil and Gas
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Personal Care and Cosmetics
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Paper and pulp
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Mining
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Textile
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Packaging
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Others
By Region Outllook
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North America
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Europe
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Asia-Pacific
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Latin America
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Middle East & Africa (MEA)
Regional Analysis:
Regionally global acrylamide market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The largest market for acrylamide is in Asia-Pacific because of the region's fast development, which has fueled demand for the material in water treatment applications. The existence of several chemical and pharmaceutical firms in China will enhance the demand for chemicals used in water treatment, further expanding the acrylamide market.
Strict guidelines for the treatment of industrial wastewater in North America will increase demand for polyacrylamide. The market for polyacrylamide in Europe will grow due to significant investments in recycling and water purification technology. Due to the need for water treatment in emerging nations, the Latin American market for polyacrylamide will expand.
The Middle East and Africa too will experience growth in the acrylamide market due to the region's growing requirement for effective water treatment. The market will continue to expand as polyacrylamide is increasingly used in oil and gas applications.
Scope of the Report:
Report Coverage |
Details |
Base year |
2021 |
Forecast period |
2030 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.1% |
YoY growth (%) |
XX% |
Regional analysis |
North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa |
User
Tab Content
Introduction
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Market Size Estimation
The overall size of the market has been estimated and validated using both top-down and bottom-up methods. The sizes of other market subsegments have also been thoroughly estimated using these methodologies.
In the top-down technique, the market is divided into segments based on the percentage share of each segment. This method assisted in determining the size of each segment's market. The market size of each segment and its sub-segments was then divided into regional market sizes. This Approach helps mainly with the new Product Launch. It uses Multi-variate Regression Model coupled with Vendor based primary research inputs to forecast to the Market Size.
In the Bottom-Up approach, comprehensive study of key players has to be done wherein we add the market size of the major key players to understand the national market size which helps to determine the regional market size and eventually the complete market size. Companies annual report along with data from paid and unpaid resources like reports from government agencies and organizations like world bank provide the data for this approach.
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