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Acrylamide Market Overview
Acrylamide market size is estimated to reach US$4.2 billion by 2027, after growing at a CAGR of 3.9%. Acrylamide is a white odorless organic compound which is produced by hydrolysis of acrylonitrile, and the hydrolysis is mainly catalyzed by sulfuric acid and enzymes like nitrile hydratase. The organic compound finds its application in production of polyacrylamide which is used as flocculent in water treatment, as oil recovery agent in refineries, as stabilizer in paper production, and as water repellent in textile sector. The factors like increased in paper consumption, growing demand for textile items, growing demand for oil & gas, and increase in government spending in water treatment are driving the growth of acrylamide industry. However, acrylamide is highly toxic and can cause problems for humans like adverse effect on male reproduction, nerve damage, muscle weakness and coordination, hence the stringent regulation imposed by government to restrict acrylamide usage, can hamper the growth of acrylamide industry.
COVID-19 Impact
COVID-19 negatively impacted many industrial aspects like supply of raw materials, production, transportation of goods, and labor workforce. Hence, necessary measures like lockdown, public movement restrictions, quarantining and trade restrictions imposed by countries all over the world, disrupted the functionality of major end users of acrylamide like textile, paper and oil refineries. For instance, as per the Bureau of Economic Analysis, the value of US textile output decreased by 21.4% while apparel decreased by 14.9% in the second quarter of 2020 compared to last year. Also, as per the 2021 report of the Confederation of European Paper Industries, the production of graphical grades in newsprint and commercial printing declined 19% in 2020. Further, as per, International Energy Agency, in 2020, the decline in oil production in first half of 2020 led to decrease in global oil demand by 90,000 barrels per day compared to 2019. Acrylamide is used as strengthening agent in papers, as water repellents in textile and enhances oil recovery in refineries, hence the decrease in productivity of these sectors will decrease the usage of acrylamide. This, will have negative impact on growth of acrylamide industry.
Report Coverage
The report: “Acrylamide Market Report – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segment of the Acrylamide Industry.
By Product – Polyacrylamide, Acrylamide Copolymers, Acrylamide Crystals
By Application – Waste Water Treatment (Municipal, Industrial), Dispersing Agent, Oil Recovery Agent, Stabilizer & Thickener, Water Repellent, and Other
By End User – Food & Beverage (Dairy Products, Health Drinks, Fruits & Vegetables, Others), Refineries (Conversion Oil, Hydro-Skimming Oil, Topping Oil, Deep Conversion Refineries, Others), Textile (Woven, Non-Woven), Paper (Decorated Paper, Laminated Paper, Printing Paper, Others), Cosmetics, Chemicals, and Other
By Geography - North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy, Netherland, Spain, Russia, Belgium, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America), and Rest of the World (Middle East, Africa)
Key Takeaways
- Asia-Pacific dominates the acrylamide industry, as the region consists of major end users of the acrylamide like textile, paper and food & beverage sector in major economies like India & China, with China being largest textile and paper maker
- Acrylamide is also largely used in cosmetics & personal care products where it is used as a stabilizer, binder, and thickener due to its foaming, anti-static, and lubricating properties.
- As a chemical intermediate, acrylamide is used in the production of organic chemicals, which are further used as a feedstock for medical, pharmaceutical, biochemical, and agriculture applications
Figure: Asia-Pacific, Acrylamide Market Revenue, 2021-2027 (US$ Billion)
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Acrylamide Market Segment Analysis – By Product
Polyacrylamide held a significant share in acrylamide market in 2021, with a share of over 45%. Polyacrylamide is a polyolefin which is majorly used as flocculent in water treatment process, and in paper sector it is used to improve the pulp dewatering performance which increases the strength of the paper. The growing scale of investments in water treatment plants and rapid production of paper in major economies on account of growing advancements, will positively impact the demand for polyacrylamide in them. For instance, in 2020, European Bank & European Investment Bank jointly invested US$20 million for construction of new waste water treatment plant in Kosovo. Also, as per the China National Bureau of Statistics, paper production in China increased by 8% in 2020 compared to last year. The increase in investment in water treatment plants and high production scale of paper, will create more demand of polyacrylamide in them. Hence, this will have positive impact on the growth rate of acrylamide industry.
Acrylamide Market Segment Analysis – By End User
Textile sector held a significant share in acrylamide market in 2021, with a share of over 29%. Acrylamide being an organic compound is used as sizing agent and finishing agent for fabric post-treatment and also it is used as flocculent purification of textile printing and dyeing waste water. Rapid urbanization, increase in disposable income and improvement in living standards has led increase in consumption scale of clothing and apparels items, which will positively impact the usage of acrylamide in textile sector. For instance, as per the National Development and Reform Commission domestic retail sales of apparel and knitwear in China stood at 172.4 billion in 2019 and online garment sales expanded with 16.5% yearly growth. Also, as per United Kingdom Fashion and Textile Association, the apparel export of the UK reached US$925.05 million in October 2020 with a rise of 177.09%. Such increase in exports and online sale of clothing and apparel items will increase the production scale of these textile items, resulting in more usage of acrylamide as sizing agent and in water purification of textile waste water. Hence, this will have positive impact on the growth rate of acrylamide industry.
Acrylamide Market Segment Analysis – By Geography
Asia-Pacific held the largest share in acrylamide market in 2021, with a share of over 24%. The rapid industrialization in sectors like paper and textiles in countries like India, Japan, China and the increase in water treatment capacity in major economies like China has driven the demand for acrylamide in these regions. For instance, as per the Ministry of Textiles, total cloth production in India was increased by 9% during April-Jan 2020, and cloth production in the decentralized sector was increased by 9% in 2020. The 2020 report of the National Bureau of Statistics of China stated that country installed 39000 new wastewater treatment facilities in 2020 and has invested US$81.6 billion in its municipal wastewater system, new treatment facilities, sludge mitigation showing a massive increase in investment in water treatment in past five years. Acrylamide being used as flocculent in water treatment, as sizing & finishing agent in textile and strengthening agent in paper sector, hence the growing development in these sectors will lead to more usage of acrylamide in them.
Acrylamide Market Drivers
High Demand from Oil & Gas Industry
Organic compound like acrylamide is used in oil and gas extraction, exploration and enhancement of oil recovery by increasing the viscosity of the injected water and pushes the oil locked in reservoirs towards the pump. The growing demand for oil and gas by major economies, has led to increase in their scale of production. For instance, according to U.S. Energy Information Administration, in 2020, Unites states natural gas production was about 34.4 trillion cubic feet. Also, as per the Organization of Petroleum Exporting Countries, crude oil production in United Arab Emirates was 2,878 barrel per day in November showing increase of 10% from March. The growing production of gas and crude oil on account of increase in global demand will lead to more usage acrylamide in extraction of crude oil and natural gas. This will expand acrylamide usage in refineries sector, thereby having positive impact on growth of acrylamide industry.
High Demand for Clothing and Apparel Items
In textile industry, polyacrylamides are used to size and shrink-proof materials and as water repellents, and also it improves the tackiness, permeability, and de-sizing performance of the fabrics. The increase in the volume of textile manufacturing on account of high demand for textile items like clothing and apparels etc. will have a positive impact on the demand for organic compound like polyacrylamide in the textile sector. For instance, as per the 2021 report of the European Union, the production of non-durable goods like clothing items increased by 2.8% in July. Also, as per Federal Statistics Office of Germany, in March 2021, Germany’s export volume of textiles stood at an all-time high of 130,604 tones showing a massive increase of 71% compared to 2008. Such increase in production and export of clothing and apparel items on account of high demand, will lead to more usage of polyacrylamide in textile sector, thereby providing growth opportunities to acrylamide industry in textile sector.
Acrylamide Market Challenges
Stringent Regulation on Acrylamide Usage
Acrylamide is used in food items that are processed in high temperature like frying, baking, roasting. The excessive use of acrylamide can lead to health problems like muscle weakness, nerve damage and can also cause neurotoxicity in humans. In order to prevent such health problems, certain regulation have been imposed by government organization that would restrict the usage of acrylamide in food items. For instance, in 2021, European Union passed new regulation setting lower benchmark values for acrylamide in food products such as French fries, potato crisps, bread, breakfast cereals, cookies, biscuits, coffee, and baby food, etc. Such restriction can hamper the growth of acrylamide industry in food and beverage sector.
Acrylamide Industry Outlook
The companies to develop a strong regional presence and strengthen their market position, continuously engage in mergers and acquisitions. In the acrylamide market report, the acrylamide top 10 companies are:
1. DOW Chemical Company
2. Ashland
3. Mitsui Chemical Inc
4. Cytec Industries Incorporated
5. Yongsan Chemicals Inc.
6. Dia-Nitrix Co. Ltd
7. Zhejiang Xinyong Biochemical Co. Ltd
8. Beijing Hengju Chemical Group Corporation
9. SNF Floerger
10. Kemira Oyj
Recent Developments
- In 2021, SNF Floerger acquired the polymer supplier and service business of Fort bend Service Inc. hence the acquisition will be called SNF Polydyne Inc. and will increase the product portfolio of SNF in water soluble polymer
- In 2021, Black rose Inc. launched N- Methylol Acrylamide 48% - as downstream product of Acrylamide liquid which will have major applications are as monomer in manufacturing of latex binders and of cross-linkable emulsion polymers for many industries
- In 2019, Kemira Oyj entered into a joint venture with Yongsan Chemicals called Kemira Yongsan Chemicals Co. Ltd, which will expand Kemira’s chemicals market in Asia-Pacific region
Relevant Reports
Report Code – CMR 0492
Report Code – CMR 0135
Report Code – CMR 1045
For more Chemicals and Materials Market reports, please click here
1. Acrylamide Market- Market Overview
1.1 Definitions and Scope
2. Acrylamide Market - Executive Summary
2.1 Key Trends by Product
2.2 Key Trends by Application
2.3 Key Trends by End User
2.4 Key Trends by Geography
3. Acrylamide Market – Comparative analysis
3.1 Market Share Analysis- Major Companies
3.2 Product Benchmarking- Major Companies
3.3 Top 5 Financials Analysis
3.4 Patent Analysis- Major Companies
3.5 Pricing Analysis (ASPs will be provided)
4. Acrylamide Market - Startup companies Scenario Premium Premium
4.1 Major startup company analysis:
4.1.1 Investment
4.1.2 Revenue
4.1.3 Product portfolio
4.1.4 Venture Capital and Funding Scenario
5. Acrylamide Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Successful Venture Profiles
5.4 Customer Analysis – Major companies
6. Acrylamide Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Buyers
6.3.3 Threat of New Entrants
6.3.4 Competitive Rivalry
6.3.5 Threat of Substitutes
7. Acrylamide Market – Strategic Analysis
7.1 Value/Supply Chain Analysis
7.2 Opportunity Analysis
7.3 Product/Market Life Cycle
7.4 Distributor Analysis – Major Companies
8. Acrylamide Market – By Product (Market Size -US$ Million/Billion)
8.1 Polyacrylamide
8.2 Acrylamide Copolymers
8.3 Acrylamide Crystals
9. Acrylamide Market – By Application (Market Size -US$ Million/Billion)
9.1 Waste Water Treatment
9.1.1 Municipal
9.1.2 Industrial
9.2 Dispersing Agent
9.3 Oil Recovery Agent
9.4 Stabilizer & Thickener
9.5 Water Repellent
9.6 Others (Binder, Adhesives)
10. Acrylamide Market – By End User (Market Size -US$ Million/Billion)
10.1 Food and Beverage
10.1.1 Dairy Products
10.1.2 Health Drinks
10.1.3 Fruits & Vegetables
10.1.4 Others (Seafood, Meat & Poultry)
10.2 Refinery
10.2.1 Conversion Oil
10.2.2 Hydro Skimming Oil
10.2.3 Topping Oil
10.2.4 Deep Conversion Refineries
10.2.5 Others
10.3 Textile
10.3.1 Woven
10.3.2 Non-Woven
10.4 Paper
10.4.1 Decorated Paper
10.4.2 Laminated Paper
10.4.3 Printing Paper
10.4.4 Others (Uncoated Paper, Watermarked Paper, Gloss Coated Paper)
10.5 Cosmetics
10.6 Chemicals
10.7 Others (Agriculture, Mining, Plastics)
11. Acrylamide Market - By Geography (Market Size -US$ Million/Billion)
11.1 North America
11.1.1 USA
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 UK
11.2.2 Germany
11.2.3 France
11.2.4 Italy
11.2.5 Netherlands
11.2.6 Spain
11.2.7 Russia
11.2.8 Belgium
11.2.9 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 Japan
11.3.3 India
11.3.4 South Korea
11.3.5 Australia and New Zeeland
11.3.6 Indonesia
11.3.7 Taiwan
11.3.8 Malaysia
11.3.9 Rest of APAC
11.4 South America
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Colombia
11.4.4 Chile
11.4.5 Rest of South America
11.5 Rest of the World
11.5.1 Middle East
11.5.1.1 Saudi Arabia
11.5.1.2 UAE
11.5.1.3 Israel
11.5.1.4 Rest of the Middle East
11.5.2 Africa
11.5.2.1 South Africa
11.5.2.2 Nigeria
11.5.2.3 Rest of Africa
12. Acrylamide Market – Entropy
12.1 New Product Launches
12.2 M&As, Collaborations, JVs and Partnerships
13. Acrylamide Market – Industry/Competition Segment Analysis Premium
13.1 Company Benchmarking Matrix – Major Companies
13.2 Market Share at Global Level - Major companies
13.3 Market Share by Key Region - Major companies
13.4 Market Share by Key Country - Major companies
13.5 Market Share by Key Application - Major companies
13.6 Market Share by Key Product Type/Product category - Major companies
14. Acrylamide Market – Key Company List by Country Premium Premium
15. Acrylamide Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
15.1 Company 1
15.2 Company 2
15.3 Company 3
15.4 Company 4
15.5 Company 5
15.6 Company 6
15.7 Company 7
15.8 Company 8
15.9 Company 9
15.10 Company 10 and more
"*Financials would be provided on a best effort basis for private companies*"
LIST OF TABLES
1.Global Acrylamide Market Analysis and Forecast By Physical Form Market 2019-2024 ($M)2.Global Acrylamide Market Analysis and Forecast By Process Catalyst Market 2019-2024 ($M)
3.Global Acrylamide Market Analysis and Forecast By Physical Form Market 2019-2024 (Volume/Units)
4.Global Acrylamide Market Analysis and Forecast By Process Catalyst Market 2019-2024 (Volume/Units)
5.North America Acrylamide Market Analysis and Forecast By Physical Form Market 2019-2024 ($M)
6.North America Acrylamide Market Analysis and Forecast By Process Catalyst Market 2019-2024 ($M)
7.South America Acrylamide Market Analysis and Forecast By Physical Form Market 2019-2024 ($M)
8.South America Acrylamide Market Analysis and Forecast By Process Catalyst Market 2019-2024 ($M)
9.Europe Acrylamide Market Analysis and Forecast By Physical Form Market 2019-2024 ($M)
10.Europe Acrylamide Market Analysis and Forecast By Process Catalyst Market 2019-2024 ($M)
11.APAC Acrylamide Market Analysis and Forecast By Physical Form Market 2019-2024 ($M)
12.APAC Acrylamide Market Analysis and Forecast By Process Catalyst Market 2019-2024 ($M)
13.MENA Acrylamide Market Analysis and Forecast By Physical Form Market 2019-2024 ($M)
14.MENA Acrylamide Market Analysis and Forecast By Process Catalyst Market 2019-2024 ($M)
LIST OF FIGURES
1.US Acrylamide Market Revenue, 2019-2024 ($M)
2.Canada Acrylamide Market Revenue, 2019-2024 ($M)
3.Mexico Acrylamide Market Revenue, 2019-2024 ($M)
4.Brazil Acrylamide Market Revenue, 2019-2024 ($M)
5.Argentina Acrylamide Market Revenue, 2019-2024 ($M)
6.Peru Acrylamide Market Revenue, 2019-2024 ($M)
7.Colombia Acrylamide Market Revenue, 2019-2024 ($M)
8.Chile Acrylamide Market Revenue, 2019-2024 ($M)
9.Rest of South America Acrylamide Market Revenue, 2019-2024 ($M)
10.UK Acrylamide Market Revenue, 2019-2024 ($M)
11.Germany Acrylamide Market Revenue, 2019-2024 ($M)
12.France Acrylamide Market Revenue, 2019-2024 ($M)
13.Italy Acrylamide Market Revenue, 2019-2024 ($M)
14.Spain Acrylamide Market Revenue, 2019-2024 ($M)
15.Rest of Europe Acrylamide Market Revenue, 2019-2024 ($M)
16.China Acrylamide Market Revenue, 2019-2024 ($M)
17.India Acrylamide Market Revenue, 2019-2024 ($M)
18.Japan Acrylamide Market Revenue, 2019-2024 ($M)
19.South Korea Acrylamide Market Revenue, 2019-2024 ($M)
20.South Africa Acrylamide Market Revenue, 2019-2024 ($M)
21.North America Acrylamide By Application
22.South America Acrylamide By Application
23.Europe Acrylamide By Application
24.APAC Acrylamide By Application
25.MENA Acrylamide By Application
26.Competition Landscape, Sales /Revenue, 2015-2018 ($Mn/$Bn)