What is Acrylamides Market Scope?
Acrylamide is an odorless organic compound that is soluble in water and several organic solvents. It is widely used during the manufacturing of paper, dye, and other industrial products. It is formed in some foods during high-temperature cooking processes, such as frying, roasting, and baking. Acrylamide has a range of uses including water treatment, soil treatment, and a cosmetic additive. It is naturally formed in starchy food products during everyday high-temperature cooking (frying, baking, roasting and also industrial processing at +120°C and low moisture). It mainly forms from sugars and amino acids that are naturally present in many foods. The growing use of acrylamide in industrial applications is driving market growth.
The Acrylamides market study is being classified by Type (Acrylamide Water Solution and Acrylamide Crystals), by Application (Flocculent for Water Treatment, Pulp & Paper Manufacturing, Enhanced Oil Recovery and Others) and major geographies with country level break-up. According to AMA, the Global Acrylamides market is expected to see growth rate of 5.61%
In acrylamide market, it has been observed that most of the companies rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share.The Vendors having a strong hold in the market are SNF Group, BASF SE, and Mitsubishi Chemical Corporation. Analysts at AMA predicts that Vendors from United States and Asia Pacific will contribute to the maximum growth of Global Acrylamides market throughout the predicted period.
AnHui JuCheng Fine Chemicals Co., Ltd (China), Ashland Global Specialty Chemicals Inc. (United States), BASF SE (Germany), Beijing Hengju Chemical Group Corporation (China), Mitsubishi Chemical Corporation (Japan), Ecolab Inc. (United States), Jiangxi Changjiu Agrochemical Co., Ltd (China), SNF Group (France), Shandong Dongying Chemicals Co Ltd. (China), The Dow Chemical Company (United States), Anhui Tianrun Chemicals (China) and Zibo Xinye Chemical Co Ltd. (China) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Acrylamides market by Type, Application and Region. On the basis of Type, Acrylamide Water Solution are dominating the market and held 53.15% of market share in the year 2021 where as Acrylamide Crystals stood as second largest market share and accounted for 46.85%.
On the basis of application, Flocculent for Water Treatment segment is dominating the market in the year 2021 where as Pulp & Paper Manufacturing segment stood as second largest market.
On the basis of geography, the market of Acrylamides has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, France, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Influencers and their development strategies
In 2018, Ecolab Inc., a global leader in water, hygiene and energy technologies and services acquired Holchem Group Limited, a U.K.-based supplier of hygiene and cleaning products and services for the food and beverage, foodservice and hospitality industries.
In April 2016, BASF opened a new bio-acrylamide plant in Bradford, United Kingdom. This expansion was aimed to have production hub for polyacrylamides, used as water-soluble flocculation aids in industrial and municipal wastewater treatment, enhanced oil recovery, mineral processing and papermaking
In 2010, Environmental Protection Agency (EPA) established an RfD (Reference Dose) for oral intake of acrylamide. Reference doses are amounts of daily exposure over a lifetime that can be predicted to produce no noticeable health effects. In other words, as a general rule, adverse health effects are not expected if daily intake of a substance remains below the reference dose level. The reference dose established for acrylamide by the EPA in 2010 was 0.002 milligrams of acrylamide per kilogram of body weight per day.
Influencing Market Trend
- The Trend of Consuming Convenience Food
Market Drivers
- Growing Use of Acrylamide for Enhanced Oil Recovery in the Petroleum Industry
- Rising Demand of Acrylamide from Paper Mills
Opportunities
- Increasing Use of Acrylamide in Water Treatment
- Growing Awareness about Acrylamide
Restraints
- Stringent Regulations towards the Usage of Acrylamide Owing to its Toxicity
Challenges
- The cost of raw materials is huge due to which the production of the product may vary.
Key Target Audience
Raw Material Suppliers, Acrylic Acid Manufacturers, Acrylic Acid Derivative Manufacturers, Government and Regional Agencies and Research Organizations and Investment Research Firms
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