Acrylamide Market Future-Proof Strategies: Market Trends 2024-2032

Key Insights

The size of the Acrylamide Market was valued at USD 3,743.9 USD Million in 2023 and is projected to reach USD XXX USD Million by 2032, with an expected CAGR of 4.5% during the forecast period. Acrylamide is a chemical compound that forms primarily during high-temperature cooking processes, such as frying, baking, or roasting, particularly in foods rich in starch. It is a colorless, odorless, and water-soluble substance that has been classified as a potential carcinogen due to its association with an increased risk of cancer in animal studies. Acrylamide is primarily formed through a reaction between sugars and an amino acid called asparagine during the Maillard reaction, which occurs at temperatures above 120°C (248°F). It is commonly found in foods like potato chips, French fries, and baked goods. Due to its potential health risks, acrylamide levels in food are a subject of concern, and research is ongoing to understand its effects on human health more comprehensively. The increasing demand for polyacrylamides (PAMs) in various end-use industries, including water & wastewater treatment, pulp & paper, oil & gas, mining, and others, is driving the market growth. PAMs are widely used as coagulants, flocculants, and thickeners, offering numerous benefits such as improved water clarity, solid-liquid separation, and viscosity control.

Acrylamide Market Trends

The increasing awareness regarding environmental protection and water scarcity has led to stringent regulations on wastewater discharge, boosting the demand for PAMs in water & wastewater treatment applications. Moreover, the rising environmental concerns have prompted the adoption of environment-friendly products, fueling the demand for acrylamide-based polymers.

The pulp & paper industry is another major consumer of PAMs. These polymers enhance the paper's quality, strength, and retention, resulting in cost savings and improved productivity. The growing demand for paper and paperboard products, coupled with the increasing shift towards sustainable packaging solutions, is expected to drive the demand for PAMs in the pulp & paper sector.

Driving Forces: What's Propelling the Acrylamide Market

• Increasing water scarcity and stringent environmental regulations: The growing concerns over water scarcity and environmental pollution have led to strict regulations on water discharge, driving the demand for effective water treatment solutions. PAMs play a crucial role in water purification, making them essential for industries and municipalities.
• Rising demand for paper and paperboard products: The increasing consumption of paper and paperboard products, particularly in emerging economies, is boosting the demand for PAMs in the pulp & paper industry. PAMs enhance the quality and strength of paper, resulting in increased production efficiency and reduced costs.
• Technological advancements: The advancements in polymer synthesis and application techniques have led to the development of new and improved PAMs with enhanced performance characteristics. These advancements have widened the application scope of PAMs, contributing to the market growth.

Challenges and Restraints in Acrylamide Market

• Fluctuations in raw material prices: Acrylamide is produced from acrylonitrile, which is a petroleum-based原料。因此, acrylamide prices can be influenced by fluctuations in crude oil prices, making the market susceptible to supply chain disruptions and price volatility.
• Environmental concerns: Acrylamide is classified as a probable carcinogen, and its production and use are subject to strict regulations. Stringent environmental regulations and growing consumer awareness can pose challenges to the market growth.
• Competition from alternative polymers: The availability of alternative polymers, such as polyDADMAC and chitosan, can hinder the growth of the acrylamide market. These alternatives offer similar functionalities and may be preferred due to their environmental friendliness or cost-effectiveness.

Key Region or Country & Segment to Dominate the Market

• Region: Asia-Pacific is anticipated to dominate the global acrylamide market during the forecast period, owing to the increasing demand from the water & wastewater treatment and pulp & paper industries in China, India, and Southeast Asia.
• Segment: The water & wastewater treatment segment is expected to account for the largest market share throughout the forecast period due to the rising concerns over water scarcity, environmental pollution, and stringent regulations on water discharge.

Growth Catalysts in Acrylamide Industry

• Government initiatives: Governments worldwide are implementing regulations to improve water quality and reduce pollution, which is driving the demand for PAMs in water & wastewater treatment plants.
• Rising food security concerns: The increasing global population and the need to enhance agricultural productivity are driving the demand for acrylamide-based polymers used as soil conditioners and water retention agents.
• Technological advancements: Continuous research and development efforts are leading to the development of innovative PAMs with improved performance and environmental friendliness. These advancements are expected to expand the application scope of PAMs and drive market growth.

Acrylamide Market Segmentation

• 1. End-Use Industry
  • 1.1. Water & Wastewater Treatment
  • 1.2. Pulp & Paper
  • 1.3. Oil & Gas
  • 1.4. Mining
  • 1.5. Others

Leading Players in the Acrylamide Market

• BASF SE (Germany)
• Black Rose Industries Ltd. (India)
• Jiangxi Changjiu Agrochemical Co. Ltd (China)
• Kemira Oyj (Finland)
• Mitsubishi Chemicals (Japan)
• Mitsui Chemicals, Inc. (Japan)
• NUOER GROUP (China)
• SNF Group (France)

Significant Developments in Acrylamide Sector

• March 2023: Solenis acquired Diversey, a U.S.-based company that offers hygiene, infection prevention, and cleaning solutions. This acquisition is expected to create cross-selling opportunities and expand Solenis' customer base in the water management business.
• February 2022: Kemira initiated the production of its new renewable resource-based polymer, enhancing its leadership role in sustainable chemistry solutions for water-intensive industries.
• June 2022: Black Rose Industries Ltd. established a commercial production plant in India, making it the sole global manufacturer of acrylamide solids outside of China.
• December 2021: Black Rose Industries Ltd. announced the launch of N-Methylol Acrylamide 48%, a byproduct of acrylamide liquid, expanding its revenue stream.
• February 2021: SNF committed to investing USD 300 million over two years to enhance its manufacturing capabilities in the U.S., increasing its annual production capacity for acrylamide monomer and PAM.