Acrylamide Market to Witness a Healthy Growth during 2015 – 2025
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Drivers and restraints
Acrylamide is highly used in water treatment industry. Therefore, the global acrylamide market is driven by the stringent environmental regulations pertaining to dispose of sewage water. The demand for acrylamides from the oil and gas sector is also high due to enhanced oil recovery needs. The increasing petroleum industry is also expected to be a major driver for the growth of global acrylamide market in the forecast period. The growing food and beverage industry is also anticipated to fuel the global acrylamide market in the near future. The changing lifestyle of people coupled with increasing use of convenience food products is also expected to be a major factor driving the global acrylamide market in the upcoming years. Moreover, the growing awareness among the consumers about proper hygiene is increasing the demand for personal care products, thus driving the medical sector. The growing medical segment is expected to show a positive impact on the growing acrylamide market. The growth in the adhesives and sealants industry is also anticipated to fuel the demand for acrylamide, thus driving the global acrylamide market. However, the impact of adhesives and sealants industry on the global acrylamide market is expected to be stagnant in the forecast period. Exposure to acrylamide takes place through acquaintance to cooked foods and tobacco smoke. The negative health effects pertaining to this exposure is projected to be a major restraining factor for the global acrylamide market.
Global acrylamide market is segmented based on end use industry into
Oil and gas
Paper and pulp
Water treatment segment accounts for the largest share in the global acrylamide market which is followed by the oil and gas sector.
Region – wise Outlook
Geographically, the global acrylamide market is broadly segmented on the basis of seven regions, namely North America, Latin America, the Middle East and Africa, Japan, Asia Pacific, Western Europe and Eastern Europe. Currently, China holds the prominent market share and will continue to be the largest consumer of acrylamide in the forecast period. United States acrylamide market holds the second position followed by Western Europe. Asia Pacific is expected to witness a moderate growth in the forecast period. The growing disposal income in the developing countries is boosting the demand for the convenience products, thus helping the global acrylamide market to grow.
Major key players
Some of the major players identified in the global acrylamide market are:
Cytec Industries Incorporated
The Dow Chemical Company
National Aluminium Company Limited
Zhejiang Xinyong Biochemical Co.,Ltd.
Yongsan Chemicals, Inc.
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