Press release
Acrylamide Market Size is Expected to Boost the Demand and Growth by 2028
The Acrylamide Market is expected to grow from US$ 4,254.16 million in 2021 to US$ 6,500.22 million by 2028. It is expected to grow at a CAGR of 6.2% from 2021 to 2028.Acrylamide is a solid substance that lacks odor and can dissolve in both water and different organic solvents. It can be obtained in crystal form or as a solution in water. Acrylamide is currently being used more frequently in the treatment of water and wastewater.
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Analysis of the Top Market Players:
1. INEOS Styrolution India Limited
2. Ashland Global Holdings Inc.
3. SNF
4. Kemira Oyj
5. BASF SE
6. Black Rose Industries Ltd
7. Mitsui Chemicals India Pvt. Ltd.
8. Solvay S.A.
9. NUOER GROUP
10. EMCO Dyestuff
In this report, the market has been segmented on the basis of:
Product Type (Acrylamide Water Solution and Acrylamide Crystals)
Application (Water and Wastewater Treatment, Enhanced Oil Recovery, Cosmetics, Paper Manufacturing, Chemical Intermediates, Textiles, and Others)
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The global acrylamide market based on product type is bifurcated into acrylamide water solutions and acrylamide crystals. In 2020, the acrylamide crystals segment led the acrylamide market and is also expected to be the fastest-growing segment in the acrylamide market during the forecast period.
The market for acrylamides is segmented geographically into North America, Europe, Asia Pacific (APAC), South and Central America, and the Middle East and Africa (MEA). In 2020, the Asia Pacific region held the dominant share of the market. The demand for personal care and cosmetic products has increased due to changing consumer lifestyles and rising urbanization, resulting in a higher demand for acrylamides. The growth of the acrylamide market in the Asia Pacific region is also driven by the increasing use of acrylamides in industries such as enhanced oil recovery, paper and pulp, water and wastewater treatment, and textiles.
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