Acrylamide Market Key Players, Competitive Landscape, Growth, Statistics, Revenue, and Industry Analysis Report
Market Overview
Acrylamide is an organic compound with the chemical formula C3H5NO. It is a white, odorless solid, dissolvable in water and several organic solvents. It is used as a precursor of polyacrylamide and acrylamide copolymers, which find uses in the production of paper, dyes, and plastics, and water wastewater treatment. Following products are also found in caulking, food packaging, and adhesives.
The global acrylamide market includes the demand for acrylamide in water waste-water treatment. Wast industrial development across the globe drives the demand for the product. Industries like oil gas, chemicals, pulp paper, and textiles produce toxic effluents in large quantities, which necessitates water wastewater treatment. Enhanced oil recovery technology is promoted as the process can recover 30–60% more oil at the reservoir site.
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Market Segmentation
The segments of the acrylamide market are as follows:
Acrylamide is used as a precursor to polyacrylamide, extensively used in the flocculation of solids in water wastewater treatment. In governmental and industrial wastewater treatment, it is used in all liquid-solid separation functions, including primary sewage treatment and the treatment of water from mineral mining operations. Use of acrylamide in enhanced oil recovery, in which it increases the viscosity of the injected water and pushes the oil locked in reservoirs towards the pump.
It is used in cosmetics personal care products like skin cleansers, moisturizers, lotions creams, hair care, and nail care products. It is used as a stabilizer, binder, and thickener in cosmetics personal care products. This is due to its foaming, anti-static, and lubricating properties. The use of polyacrylamides can improve the tackiness, permeability, and resizing performance.
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End-users
The other segments include mining, agriculture, dyes, plastics, and adhesives applications.
Regional Analysis
The North American acrylamide market is driven by the expanding industrial sector in the region.
Europe is said to witness a demand for acrylamide due to the growth of the region’s transportation, reconstruction, and power generation industries. Considerable contributors to the market growth include Germany, the UK, France, and Russia.
Asia-Pacific is the highest growing regional market on account of the rapid industrialization in the region. The profit potential is in emerging economies of India, South Korea, Thailand, Malaysia, and many more.
The presence of significant oil gas reserves in the region is the key factor driving the demand for acrylamide.
The Latin American market is projected to see increasing demand for acrylamide due to the growing industrial sector.
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Industry News
Kemira Oyj, as a key acrylamide market player has finished setting up its latest state-of-the-art manufacturing facility units for bio-acrylamide monomer and emulsion polymers at its site located in Mobile, Alabama. Production has started with the unit anticipated to be completely operational in the summer of 2021. The whole unit was set up at close to 70 million euros and should help back the company’s strategic work on emerging faster than the market.
Vertellus, a well-known beauty ingredient developer, is all set to carry out the acquisition of IM Chemical. IM Chemicals’ acquisition is said to help foster Vertellus’ ability to offer advanced specialty products and solutions to the customers.
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