Acrylamide Market Size is predicted to see lucrative gains over 2019-2025

Global Market Insights, Inc. provides a detailed overview of the acrylamide market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of the market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Acrylamide Market size is predicted to register high CAGR during the forecast period due to its requirement in water treatment industry. Stringent environmental regulations pertaining to disposal of sewage water may lead to high product demand. It also finds application in oil and gas sector for enhanced oil recovery process which may further boost acrylamide market growth.

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The product is a water-soluble monomer which is produced industrially by hydration of acrylonitrile. It is used to derive cationic & anionic polyacrylamide which acts as a flocculating and thickening agent. Cationic type derivatives are used in paper making industry and oil and gas recovery systems. Anionic type derivative market share is likely to grow owing to its demand in water treatment and food clarifications applications.

Enhanced oil recovery process is employed for extraction of oil and gas to free trapped hydrocarbon in the reservoir. Derivatives of acrylamide finds application in this process owing to its high viscosity and high molecular weight. Chemical enhanced oil recovery market is likely to surpass USD 890 million by 2020 and would positively impact acrylamide market size.

Glyphosate finds application in field of genetically modified crops which are in high demand owing to their resistant to disease and produce high yield. Glyphosate market is likely to reach 8.5 million by 2020 and would positively influence acrylamide market size owing to its use as a stabilizer in glyphosate formulation.

Small quantities of acrylamide are formulated into cosmetics and grooming kits as thickening agent. Polymers of the product find application in textiles industry owing to shrink proof and water repellant properties. The global FMCG market is projected to surpass 15 trillion by 2025 and would drive market growth of the acrylamide market.

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U.S. government has regulated acrylamide as an extremely hazardous substance. The product when touched to skin will cause irritation and may initiate tumor leading to skin cancer which may affect industry profitability. Other symptoms include dermatitis and peripheral neuropathy. IRAC has classified the product to be Group 2A carcinogen thereby precautionary measures are required to be followed while handling the product.

Asia Pacific led by Japan, India and China acrylamide market size is likely to witness significant growth over the forecasted timeframe. China is projected to be the largest market for the product owing to its rising demand for its derivative in water treatment sector. The product demand is also driven by growth in export to foreign countries thereby contributing to regional market growth.

Global acrylamide market share is fragmented with major player includes SNF, Kemira, INEOS, Petro China Daiqing, Rudong Natian, Nalco, Beijing Hengju., and BASF SE. The business is globalized and the manufacturers are located closer to consumption site to optimize cost, efficiency and downstream integration. SNF from France is the largest producer followed by Beijing Hengju, Petro China Daiqing, and Rudong Natian which all are from China.

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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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