H1 2023: In the first two months of H1 2023, Acrylamide's pricing trend was bullish in the local Chinese market. After the festival in China ended, higher production rates and a faster pace of inquiries from the downstream pulp & paper and textile industries supported a further increase in market prices overall in the month of February 2023. Prices fell sharply in March as a result of weak and accumulated stocks in China. Due to low inventory levels, favorable price support from feedstock, and increased market demand from downstream industries like oil & gas and treatment facilities, the price of acrylamide climbed slightly in the month of April 2023 in the Asia Pacific region. Due to supply limitations in Europe, exports to those areas increased. Due to high energy prices, increased demand from downstream sectors, acrylamide prices surged in China. However, in May 2023, low consumer inquiries were noted, and the demand from the downstream textile, paper, and other end-use industries was on the lower end in China. In the first half of 2023, the North American Acrylamide market showed mixed market sentiments. Due to decreased demand from the downstream paper industry and other end-use industries, the pricing trend started to move downward in January. Acrylamide prices climbed in Feb due to stronger market dynamics and higher procurement rates. Prices dropped in the US market in March as a result of lower raw material cost support and a hazy demand outlook from the region's downstream paper, pulp, and textile industries. Prices kept on declining in the US from March to June 2023 owing to sluggish uptake.
The global Acrylamide market stood at approximately 1600 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 4.89% during the forecast period until 2032.
Polyacrylamides are largely made from acrylamide which are used as thickeners. Acrylamide is also used in the chemical sector for producing N-methylol acrylamide and N-butoxy acrylamide. Acrylamide is additionally utilised in seed-coating binders, printing ink emulsions, and adhesives. Acrylamide is also utilised as a water retention aid and in textile printing paste. In order to remove suspended solids and organic debris from municipal and industrial wastewater, acrylamide is employed as a flocculant. Numerous cosmetic and personal care items are also made with acrylamide. It is a thickener, stabiliser, and dispersant found in a variety of applications, including makeup, skin care, and hair care items. Additionally, acrylamides are used in oil drilling procedures to regulate fluid losses. Polyacrylamides are utilised in the pulp and paper industry as fibre binders, pigment retention agents, and retention aids for fibres. They are added to cement to reduce the rate of dehydration and increase structural strength. Polyacrylamides are used in water-based paints for pigment suspension and flow as well as dispersants and binders in coatings. Acrylamide resins and thermosetting acrylics are used to coat automotive parts, building materials and household appliances. Acrylamides are used as thickeners in cosmetic and soap products as well as in dental appliances, hair care products, and preshave lotions. Polyacrylamides are used to size and shrink-proof fabric in the textile industry.
The demand for acrylamide from major end-use industries including water treatment and personal care has increased dramatically in recent years, fueling this growth. The rising need for wastewater treatment is one of the key factors driving the acrylamide market. The need for acrylamide in the water treatment industry is anticipated to rise in response to the rising demand for clean water, particularly in emerging nations. The acrylamide market in personal care sector is predicted to increase as a result of the rising demand for cosmetics and personal care products. A significant use of acrylamide is in the manufacturing of polyacrylamide, a kind of polymer that is extensively utilised in the paper making sector. In order to increase papermaking productivity and lower costs, polyacrylamide is employed as a retention and drainage aid. Because of the expansion of the paper and packaging industries, it is anticipated that demand for polyacrylamide would increase even further. Owing to these reasons, the Acrylamide Market is likely to reach 2580 tonnes by 2032.
Based on region, Asia Pacific leads the Acrylamide market and is anticipated to maintain its dominance in the forecast period as well. The growth of the Asia Pacific market is being driven by the region's expanding industrialization as well as the rising government funding for wastewater treatment in nations like China and India. The region's growing middle-class population, rising per capita income, rising living standards, and rise in the number of working women are all contributing to the expansion of the personal care industry. Because acrylamide is widely used as a stabiliser, binder, and thickening in cosmetics and personal care products, the demand for it has increased as the personal care sector has expanded. North America is also anticipated to expand at a fast rate, as a result of increased investments in wastewater treatment and an increase in demand for acrylamide from the other sectors.
Based on the end-user industry, the global Acrylamide market is segmented into Wastewater Treatment, Mining, Paper & Pulp, Personal Care & Cosmetics, and Others. Among these, the Wastewater Treatment sector is dominating the global Acrylamide market and accounted a market share of approximately 38% in 2022. The polyacrylamides are employed in oil recovery techniques where they make the water more viscous. Additionally, acrylamides are used in oil drilling procedures to reduce fluid losses.
Major players in the production of Global Acrylamide are Ashland Global Holding Inc., SNF, Kemira OYJ, BASF SE, EMCO Dyestuff, Mitsui Chemicals Global, Pvt. Ltd., Ineos AG, Solvay, Nuoer Group, Black Rose Industries Ltd., and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Acrylamide which covers production, demand and supply of Acrylamide market in the globe.
• To analyse and forecast the market size of Acrylamide
• To classify and forecast Global Acrylamide market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Acrylamide market in the globe.
To extract data for Global Acrylamide market, primary research surveys were conducted with Acrylamide manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Acrylamide market over the coming years.
ChemAnalyst calculated Acrylamide demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Acrylamide. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Acrylamide manufacturers and other stakeholders
• Organizations, forums and alliances related to Acrylamide distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Acrylamide manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Acrylamide market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
1600 thousand tonnes
Market size Volume in 2032
2580 thousand tonnes
Growth Rate
CAGR of 4.89% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Wastewater Treatment, Mining, Paper & Pulp, Personal Care & Cosmetics, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
Osaka Gas Co. Ltd
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What was global market size of Acrylamide in terms of volume in 2022?
Ans:
The global market size of Acrylamide has reached approximately 1600 thousand tonnes in the year 2022.
Q2.
Which industry is leading as a consumer of Acrylamide?
Ans:
Wastewater Treatment industry is the leading consumer of Acrylamide, which consumed roughly 40% of the global Acrylamide market in 2022.
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