Home > Bulk & Specialty Chemicals > Acrylamide Market

Acrylamide Market Size, Share and Industry Analysis Report, Regional Outlook, Application Development Potential, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI3594

Global Acrylamide Market size will grow at a significant CAGR from 2021 to 2027. This growth can be closely tied to the ongoing developments in the oil & gas sector and the need for enhanced oil recovery (EOR). Increasing federal investments in EOR will lead to a substantial product consumption in the coming years. In July 2019, for instance, the U.S. Department of Energy (DOE) had announced a funding of USD 40 million in enhanced oil recovery.                
 

Supportive government and regulatory measures for water treatment infrastructure development will create a favorable growth outlook for the acrylamide industry in the coming years. For example, the U.S. Environmental Protection Agency (EPA) had allocated a USD 6.5 billion funding in April 2021 for water infrastructure projects in the country. In addition to developing new infrastructure, the respective governments are also introducing various regulations to control the disposal of sewage water. Besides water treatment applications, acrylamide manufacturers and suppliers will witness promising opportunities from pulp & paper, food packaging, cosmetics, and other areas.            
 

Considering the application landscape, the pulp and paper manufacturing segment is expected to hold a substantial share of acrylamide market through 2027. In papermaking applications, the product is used as a strengthening and dispersing agent to ensure good performance of paper products. Pulp and paper production is increasing due to the increased consumption of packaging products worldwide. The surge in ecommerce and home deliveries during COVID-19 has led to a substantial growth in paper packaging demand. Even after the pandemic, online sales of products and supplies are anticipated to stay high, further fueling this demand.
 

In terms of the end-user, the global acrylamide industry is projected to record substantial gains from the food packaging sector. With a notable uptick in the consumption of packaged food products, the demand for high-quality packaging materials is also increasing. Moreover, a significant rise in food deliveries has been witnessed in the past few years, especially since the outbreak of the COVID-19 pandemic. As a result, many restaurants have started home deliver services, further driving food packaging demand. This demand is expected to remain steady in the coming years as the food delivery trend continues to gain attraction among consumers.

 

From a geographical perspective, Europe acrylamide market is anticipated to undergo steady growth between 2021 and 2027. The regional product consumption is influenced by the expansion of oil & gas and water treatment sectors. According to a new report published by the European Commission in November 2020, around 1% of urban wastewater in the European Union is still not collected and nearly 6% is not treated sufficiently. The commission had noted that investments in some Member States are still slightly low to ensure compliance with Urban Waste Water Treatment Directive (UWWTD). As a result, increasing government investments are expected to be witnessed over the coming years, benefit the regional product suppliers. 
 

BASF SE, INEOS, SNF, Petro China Daiqing, Kemira, Nalco, Rudong Natian, and Beijing Hengju are among the notable players in the acrylamide industry. Manufacturer are investing in expansion of their production capacities in order to meet the growing market demand. In August 2019, for instance, SNF had announced plans to invest more than USD 1.2 billion over a period of three years to ramp-up polyacrylamide production. Citing another instance, in June 2021, Kemira had invested nearly USD 82 million to expand bio-acrylamide and emulsion polymers production capacity at its Mobile, Alabama facility.
 

COVID-19 crisis and its impact on acrylamide market trends

The slowdown of activities in the oil & gas sector due to supply chain problems and containment measures has impacted acrylamide demand to some extent. However, continuous investments in water treatment and the rise in packaging consumption since the start of COVID-19 has brought promising growth opportunities for the market. Also, consistent demand for food packaging has sustained the consumption of raw materials and has promised significant future requirements for compounds such as acrylamide to cover up any losses occurring due to the coronavirus outbreak.
 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Budget constraints? Get in touch with us for special pricing

Request Discount

Our Market Research Reports Include:

  • Market snapshot
  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
  • Potential Market Opportunities
  • Regulatory Overview
  • Technology Evolution
  • Innovation & Sustainability