Acrylamide Market Research Report and Outlook by 2028

The acrylamide market is projected to expand from US$ 4,254.16 million in 2021 to US$ 6,500.22 million by 2028, reflecting a compound annual growth rate (CAGR) of 6.2% during this period.

Acrylamide is a colorless, odorless solid that is soluble in water and various organic solvents. It can be found in crystalline form or as a solution in water. Its application in water and wastewater treatment is becoming increasingly prevalent.

The global acrylamide market is categorized by product type into acrylamide water solutions and acrylamide crystals. In 2020, the segment for acrylamide crystals dominated the market and is anticipated to be the fastest-growing segment throughout the forecast period.

Geographically, the acrylamide market is divided into North America, Europe, Asia Pacific (APAC), South and Central America (SCAM), and the Middle East and Africa (MEA). In 2020, the Asia Pacific region held the largest market share. The rising demand for personal care and cosmetic products, driven by evolving consumer lifestyles and increased urbanization, has led to a surge in the need for acrylamides. Additionally, the growth of the acrylamide market in the Asia Pacific is fueled by its expanding applications in sectors such as enhanced oil recovery, paper and pulp production, water and wastewater treatment, and textiles.

The COVID-19 pandemic created significant challenges across various sectors, including chemicals and materials. The acrylamide market faced disruptions due to raw material shortages, labor constraints, factory closures, and operational challenges stemming from COVID-19 safety measures. These factors hindered market growth. However, with the rollout of vaccination programs, conditions have improved, and business operations are gradually returning to normal, leading to an uptick in acrylamide demand. As global economies recover, manufacturers are ramping up acrylamide production capacity, which is expected to boost demand in the coming years.

Key players in the acrylamide market include Ashland Global Holding Inc., SNF, Kemira OYJ, BASF SE, EMCO Dyestuff, Mitsui Chemicals Global, Pvt. Ltd., Ineos AG, Solvay, Nuoer Group, and Black Rose Industries Ltd. These companies are pursuing strategies such as mergers and acquisitions, along with new product launches, to enhance their market presence and expand their customer base.

The global acrylamide market size has been established through a thorough research methodology that incorporated both primary and secondary sources. The research process commenced with extensive secondary research, utilizing both internal and external resources to collect qualitative and quantitative data relevant to the market. Furthermore, numerous primary interviews were conducted with industry professionals, including vice presidents, business development managers, market intelligence managers, national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the global acrylamide market. These interviews aimed to validate the data and provide additional analytical insights into the subject.