Global Acrylamide Monomer Market to Reach US$ 4551 Million by 2022

The global acrylamide monomer market is expected to witness a positive growth, owing to the increasing demand for acrylamide monomer and its derivatives, particularly polyacrylamide, worldwide.

Acrylamide monomer is a colourless and odourless chemical compound formed by the hydration of acrylonitrile using chemical and biological processes. It is soluble in water, alcohol and acetone, and is insoluble in heptane and benzene. Acrylamide monomer finds a wide range of applications in a number of industries. It is used for irrigation purposes in agriculture, as flocculants in waste and wastewater treatment, as a friction reducer in shale gas refineries and as a co-monomer in superabsorbent polymers. According to IMARC Group’s new report, titled “Acrylamide Monomer Market: Global Industry Trends, Share, Size, Growth, Forecast and Opportunity 2017-2022”, the global acrylamide monomer market reached a value of US$ 2608 Million in 2016, growing at a CAGR of 11% during 2009 – 2016.

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Highlights of the global acrylamide monomer market:

The expanding applications of acrylamide monomer in diverse industries have triggered the demand globally.

Waste and waste water treatment represents the largest end-use industry.

Asia accounts for the majority of the global production as well consumption, with China as the largest consumer in the region.

Majority of acrylamide monomer is consumed in the production of polyacrylamide, which largely drives the acrylamide monomer market. Increasing environmental concerns and government regulations regarding the treatment of industrial effluents have boosted the demand for polyacrylamide, which is extensively used in sewage and wastewater industry. Moreover, the demand for polyacrylamide in gel electrophoresis (SDS PAGE), ore processing, cosmetics, pulp and paper, tertiary oil refinery and mining industries has increased, consequently leading to a surge in the demand for acrylamide monomer. Owing to these factors, the global acrylamide monomer market is expected to reach a value of US$ 4551 Million by 2022, growing at a CAGR of more than 9% during 2017-2022.

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Currently, the largest end-use industry for acrylamide monomer is waste and wastewater treatment. Other major end-use industries include petroleum, pulp and paper, mining, coating, printing and dyeing. Asia represents the largest producer as well as consumer of acrylamide monomer, with China as the leading consumer in the region. Other major regions include Europe, US, Africa and Middle East. The key players operating in the market are SNF Group, China National Petroleum Corporation, Beijing Hengju Oilfield, Kemira, Dia-Nitrix and BASF.

The report by IMARC Group has examined the global acrylamide monomer market on the basis of:

End-Use:

Waste and wastewater treatment
Petroleum
Pulp/paper
Mining
Coating
Printing/dyeing
Others

Region:

Asia
United states
Europe
Middle east and Africa

Major manufacturers:

SNF Group
China national petroleum corporation
Kemira
Beijing hengju oulfield
BASF
Dia-Nitrix

Find more reports related to Chemical & Materials Market Research @ http://www.imarcgroup.com/categories/chemicals-market-reports

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This release was published on openPR.