Acrylamide Market by Form (Aqueous Solution, Solid), Grade (Electrophoresis & Ultra Pure Grade Acrylamide, Technical Grade Acrylamide), Application - Global Forecast 2024-2030

Acrylamide Market by Form (Aqueous Solution, Solid), Grade (Electrophoresis & Ultra Pure Grade Acrylamide, Technical Grade Acrylamide), Application - Global Forecast 2024-2030

The Acrylamide Market size was estimated at USD 5.09 billion in 2023 and expected to reach USD 5.37 billion in 2024, at a CAGR 5.69% to reach USD 7.50 billion by 2030.

Acrylamide is a chemical compound with the formula C3H5NO. It is a colorless, odorless, crystalline solid soluble in water, ethanol, ether, and chloroform. Acrylamide is primarily synthesized through the hydration of acrylonitrile, a process that occurs under specific conditions. This compound is of significant industrial importance and is used in various applications, including producing polyacrylamide and acrylamide copolymers. These polymers are important components in water treatment processes, soil conditioning, oil recovery, paper making, and the production of several cosmetics and personal care products. Furthermore, acrylamide has garnered attention due to its formation in some cooked foods. It is formed as a byproduct during high-temperature cooking processes particularly in carbohydrate-rich foods. Rising environmental concerns have led to larger investments in waste and wastewater treatment processes that utilize acrylamide-based polymers. Despite the growth prospects, toxicity, and potential carcinogenic nature of acrylamide, which has led to stringent regulatory restrictions on its use and handling, may restrict the market growth. The volatility in raw material prices, primarily acrylonitrile, which is a key feedstock for acrylamide production, poses another significant challenge by affecting production costs and market stability. Nevertheless, technological advancements in the production processes of acrylamide aiming at reducing costs and improving efficiency present new opportunities for market expansion. Furthermore, the escalating exploration and recovery activities in the oil and gas sector propel the demand for chemicals used in enhanced oil recovery, thereby opening further avenues for the acrylamide market.

Regional Insights

The acrylamide market in the Americas, particularly in the United States and Canada, is characterized by advanced industrial sectors and stringent environmental regulations. The demand for acrylamide-based polymers in water treatment and hydraulic fracturing activities remains robust despite regulatory pressures. Innovations in biodegradable polymers and the quest for safer acrylamide handling practices are shaping the market. The EMEA region presents a diversified market landscape for acrylamide, with Europe leading in stringent environmental standards and technological innovation. The EU's regulatory environment impacts the acrylamide market by necessitating safer production processes and usage. The Middle East, with its expanding oil and gas sector, shows promising demand for acrylamide in enhanced oil recovery. The Asia Pacific region showcases an opportunistic landscape for the acrylamide market, driven by rapid industrialization, particularly in China and India. These countries are major consumers and producers of acrylamide, with a significant portion of production aimed at internal consumption in water treatment, textiles, and paper-making industries. Environmental concerns and increasing regional regulations are pushing companies to innovate and adopt greener production methods. The region's growth is also fueled by the expansion of the oil & gas sector, which uses acrylamide in drilling and extraction processes.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Acrylamide Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Expansion of petrochemical industries and demand for enhanced oil recoveries processes
• Growing demand for high purity acrylamide in biomedical research applications
• Significant applications of acrylamide in paper mills

Market Restraints

• Fluctuating prices and availability of raw materials

Market Opportunities

• Growing significance and investment for wastewater treatment plants
• Emergence and development of bio-based acrylamide

Market Challenges

• Toxicity issues associated with exposure to acrylamide

Market Segmentation Analysis

• Form: Suitability of crystalline acrylamide in pharmaceuticals and laboratory research for high precision applications owing to its purest form
• Application: Proliferation in waste water treatment processes ensuring the supply of clean water

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Acrylamide Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Acrylamide Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Kemira launches biomass balanced wet strength resins for the paper industry

Kemira, a global player in sustainable chemical solutions for various industries, announced the expansion of its environmentally friendly product offerings. The company successfully launched two innovative ISCC PLUS certified biomass balanced polymers specifically designed for the papermaking industry, including enhancements in wet strength resins and polyamines. The newly introduced wet strength resins feature ISCC-certified PAE-based (polyamideamine epichlorohydrin) compositions crafted from renewable resources, marking a significant step towards more sustainable production processes.

CD Bioparticles Launches New Range of Low PDI Polymers for Drug Delivery Applications

CD Bioparticles launched its advanced collection of Low PDI Polymers, marking a significant innovation in polymer technology. The portfolio includes specialized polymers such as Polyacrylamide, Polystyrene, Polysiloxane, Fused Heterocycle Polymers, along with Hydrophilic and Hydrophobic Homopolymers. Characterized by their narrow molecular weight distribution, these Low PDI Polymers are meticulously engineered to enhance efficacy and reliability in their application, promising an elevated level of performance in drug delivery endeavors.

Mitsui Chemicals to Increase Production Capacity for Biocatalysts Used in Acrylamide Production

Mitsui Chemicals Inc. announced plans to enhance its manufacturing capacity for biocatalysts significantly. These biocatalysts are integral to the production of acrylamide, a compound widely utilized across various industries, including water treatment and the manufacture of polymers. This expansion reflects Mitsui Chemicals' commitment to meeting the growing global demand for acrylamide, driven by rising environmental concerns and the need for more efficient industrial processes.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Acrylamide Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Acrylamide Market, highlighting leading vendors and their innovative profiles. These include Anhui Jucheng Fine Chemicals Co., Ltd., Ashland Inc., Ataman Acar Kimya A.S., BASF SE, Beijing Hengju Chemical Group Co., Ltd, Black Rose Industries Ltd., Central Drug House (P) Ltd., Emco Dyestuff Pvt. Ltd., Envitech Chemical Specialities Pvt. Ltd., Hefei TNJ Chemical Industry Co.,Ltd., Henan GO Biotech Co., Ltd., Ineos AG, Innova Corporate, Kemira Oyj, Manus Aktteva Biopharma LLP, Merck KGaA, Mitsubishi Chemical Corporation, Mitsui Chemicals, Inc., Novozymes A/S, Otto Chemie Pvt. Ltd., Polysciences, Inc., Promega Corporation, Shandong Nuoer Biological Technology Co., Ltd., Shanghai Guanru Chemical Co., Ltd., Solenis LLC, The SNF Group, Thermo Fisher Scientific Inc., Xitao Polymer Co., Ltd., Zhejiang Xinyong Biochemical Co., Ltd, and Zibo Xinye Chemical Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Acrylamide Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Form
• Aqueous Solution
• Solid
• Briquettes
• Crystals
• Grade
• Electrophoresis & Ultra Pure Grade Acrylamide
• Technical Grade Acrylamide
• Application
• Dyeing
• Molecular Biology
• Ore Processing
• Paper & Pulp
• Water & Wastewater Treatment
• Region
• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year