PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1454001
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1454001
Acrylamide Market Forecasts to 2030 - Global Analysis By Product Type (Acrylamide Crystals, Acrylamide Water Solution and Other Product Types), End User, and By Geography
According to Stratistics MRC, the Global Acrylamide Market is accounted for $3.7 billion in 2023 and is expected to reach $5.5 billion by 2030 growing at a CAGR of 6.0% during the forecast period. Acrylamide is a chemical compound formed naturally during high-temperature cooking processes, particularly in starchy foods like potatoes and grains. It's generated through the Maillard reaction, where sugars and amino acids react under heat. Acrylamide has raised health concerns due to its potential carcinogenic effects in animal studies, although its impact on humans is still being researched. It can also be present in industrial settings, such as in the production of plastics and cosmetics. Regulatory agencies recommend minimizing exposure to acrylamide by adopting healthier cooking methods and consuming a balanced diet.
According to estimates by the Central Public Health and Environmental Engineering Organization (CPHEEO), approximately 70-80% of the total water supplied for domestic use in India is generated as wastewater.
Market Dynamics:
Driver:
Urbanization and infrastructure development
As urban populations grow, there is an increased need for infrastructure such as water treatment plants, sewage systems, and wastewater treatment facilities to meet the rising demand for clean water and sanitation services. Furthermore, the expansion of urban infrastructure requires efficient drilling operations for construction projects, such as building foundations and underground utilities which are propelling this market expansion.
Restraint:
High raw material prices
The unpredictability of raw material prices makes it challenging for manufacturers to plan and budget effectively, leading to operational uncertainties and financial risks. High raw material prices can deter new entrants from entering the acrylamide market and discourage existing manufacturers from expanding their production capacities. In addition, the volatility in raw material prices can lead to increased production costs for acrylamide manufacturers, eroding profit margins and hindering market growth.
Opportunity:
Technological advancements
Ongoing research and development efforts lead to the discovery of novel manufacturing processes, formulations, and applications for acrylamide and its derivatives. These innovations enhance water purification processes, improve treatment efficiency, and reduce energy consumption and waste generation. Furthermore, these advancements result in products with improved performance characteristics, environmental sustainability, and cost-effectiveness, thus expanding their adoption and market reach.
Threat:
Impacts on health
Epidemiological studies have linked acrylamide exposure to an increased risk of certain cancers, particularly in individuals with a high dietary intake of acrylamide-containing foods. Manufacturers are faced with the challenge of ensuring compliance with stringent regulations and addressing consumer concerns about product safety. Moreover, regulatory agencies worldwide are implementing measures to limit acrylamide levels in food products and industrial processes, further restricting market growth.
Covid-19 Impact
The COVID-19 pandemic has had several negative impacts on the acrylamide market. Many manufacturing facilities were forced to shut down or operate at reduced capacity, leading to decreased production of acrylamide and its derivatives. Furthermore, the pandemic-induced economic downturn has resulted in reduced consumer spending and demand for goods across various industries. Moreover, this decrease in demand has led to excess inventory and reduced orders from manufacturers, further dampening market growth.
The acrylamide crystals segment is expected to be the largest during the forecast period
The acrylamide crystals segment is estimated to hold the largest share, due to the increasing demand for clean water, growing exploration activities in the oil and gas sector, and the expansion of mining operations globally. They find applications in the production of polyacrylamide, a polymer with diverse uses in industries ranging from wastewater treatment to paper manufacturing. Additionally, it is influenced by consumer awareness of health concerns associated with acrylamide exposure in food products, which drives this segment's growth.
The paper making segment is expected to have the highest CAGR during the forecast period
The paper making segment is anticipated to have highest CAGR during the forecast period due to the growing consumption of paper and paper-based products globally, particularly in industries such as packaging, printing, and hygiene products. Additionally, the emphasis on sustainability and environmental regulations has led to the adoption of polyacrylamide-based solutions that enable paper mills to reduce water usage, energy consumption, and waste generation, which are propelling this segment's expansion.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period owing to both production and consumption. Countries like China, India, Japan, South Korea, and Taiwan are major contributors to the market dynamics in this region. Additionally, the region's expanding population and rising disposable incomes have fueled the demand for consumer goods, including paper products, cosmetics, and processed foods, which further drives the consumption of acrylamide and its derivatives.
Region with highest CAGR:
Europe is expected to witness highest CAGR over the projection period, owing to diverse industrial applications and stringent regulations governing its use. The papermaking, mining, and petroleum industries in Europe also contribute to the demand for acrylamide-based products. Furthermore, the European region has a significant presence in the food and beverage industry, where acrylamide is a concern due to its formation in certain heat-treated foods, thereby boosting this region's growth.
Key players in the market
Some of the key players in the Acrylamide Market include Ecolab Inc., BASF SE, Plastic Extrusion Technologies, Mitsubishi Chemical Corporation, Xitao Polymer Co., Ltd., Ashland Global Holdings Inc., SNF Group, Solvay S.A., Dow Chemical Company and Kemira Oyj.
Key Developments:
In February 2024, INEOS Automotive and BASF's Coatings division have signed an agreement on a global automotive refinish body and paint development.
In December 2023, The Mitsubishi Chemical Group announced that its plant-derived compostable polymer BioPBS(TM) acquired certification as a marine biodegradable biomass plastic under the marine biodegradable plastic identification and labelling system established by the Japan BioPlastics Association (JBPA).
In May 2023, Dowand New Energy Blue announced a long-term supply agreement in North America in which New Energy Blue will create bio-based ethylene from renewable agricultural residues.
Product Types Covered:
- Acrylamide Crystals
- Acrylamide Water Solution
- Other Product Types
End Users Covered:
- Cosmetics & Personal Care
- Food & Beverage
- Mining
- Oil & Gas
- Pharmaceuticals
- Pulp
- Textile
- Water Treatment
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.10 Impact of Covid-18
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Acrylamide Market, By Product Type
- 5.1 Introduction
- 5.2 Acrylamide Crystals
- 5.3 Acrylamide Water Solution
- 5.4 Other Product Types
6 Global Acrylamide Market, By End User
- 6.1 Introduction
- 6.2 Cosmetics & Personal Care
- 6.3 Food & Beverage
- 6.4 Mining
- 6.5 Oil & Gas
- 6.6 Pharmaceuticals
- 6.6 Pulp & Paper
- 6.7 Textile
- 6.8 Water Treatment
- 6.10 Other End Users
7 Global Acrylamide Market, By Geography
- 7.1 Introduction
- 7.2 North America
- 7.2.1 US
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 Italy
- 7.3.4 France
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 New Zealand
- 7.4.6 South Korea
- 7.4.6 Rest of Asia Pacific
- 7.5 South America
- 7.5.1 Argentina
- 7.5.2 Brazil
- 7.5.3 Chile
- 7.5.4 Rest of South America
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 Qatar
- 7.6.4 South Africa
- 7.6.5 Rest of Middle East & Africa
8 Key Developments
- 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 8.2 Acquisitions & Mergers
- 8.3 New Product Launch
- 8.4 Expansions
- 8.5 Other Key Strategies
9 Company Profiling
- 9.1 Ecolab Inc.
- 9.2 BASF SE
- 9.3 Plastic Extrusion Technologies
- 9.4 Mitsubishi Chemical Corporation
- 9.5 Xitao Polymer Co., Ltd.
- 9.6 Ashland Global Holdings Inc.
- 9.6 SNF Group
- 9.7 Solvay S.A.
- 9.8 Dow Chemical Company
- 9.10 Kemira Oyj
List of Tables
- Table 1 Global Acrylamide Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Acrylamide Market Outlook, By Product Type (2021-2030) ($MN)
- Table 3 Global Acrylamide Market Outlook, By Acrylamide Crystals (2021-2030) ($MN)
- Table 4 Global Acrylamide Market Outlook, By Acrylamide Water Solution (2021-2030) ($MN)
- Table 5 Global Acrylamide Market Outlook, By Other Product Types (2021-2030) ($MN)
- Table 6 Global Acrylamide Market Outlook, By End User (2021-2030) ($MN)
- Table 6 Global Acrylamide Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)
- Table 7 Global Acrylamide Market Outlook, By Food & Beverage (2021-2030) ($MN)
- Table 8 Global Acrylamide Market Outlook, By Mining (2021-2030) ($MN)
- Table 9 Global Acrylamide Market Outlook, By Oil & Gas (2021-2030) ($MN)
- Table 11 Global Acrylamide Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
- Table 12 Global Acrylamide Market Outlook, By Pulp & Paper (2021-2030) ($MN)
- Table 13 Global Acrylamide Market Outlook, By Textile (2021-2030) ($MN)
- Table 14 Global Acrylamide Market Outlook, By Water Treatment (2021-2030) ($MN)
- Table 15 Global Acrylamide Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 16 North America Acrylamide Market Outlook, By Country (2021-2030) ($MN)
- Table 16 North America Acrylamide Market Outlook, By Product Type (2021-2030) ($MN)
- Table 17 North America Acrylamide Market Outlook, By Acrylamide Crystals (2021-2030) ($MN)
- Table 18 North America Acrylamide Market Outlook, By Acrylamide Water Solution (2021-2030) ($MN)
- Table 20 North America Acrylamide Market Outlook, By Other Product Types (2021-2030) ($MN)
- Table 21 North America Acrylamide Market Outlook, By End User (2021-2030) ($MN)
- Table 22 North America Acrylamide Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)
- Table 23 North America Acrylamide Market Outlook, By Food & Beverage (2021-2030) ($MN)
- Table 24 North America Acrylamide Market Outlook, By Mining (2021-2030) ($MN)
- Table 25 North America Acrylamide Market Outlook, By Oil & Gas (2021-2030) ($MN)
- Table 26 North America Acrylamide Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
- Table 26 North America Acrylamide Market Outlook, By Pulp & Paper (2021-2030) ($MN)
- Table 27 North America Acrylamide Market Outlook, By Textile (2021-2030) ($MN)
- Table 28 North America Acrylamide Market Outlook, By Water Treatment (2021-2030) ($MN)
- Table 30 North America Acrylamide Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 31 Europe Acrylamide Market Outlook, By Country (2021-2030) ($MN)
- Table 32 Europe Acrylamide Market Outlook, By Product Type (2021-2030) ($MN)
- Table 33 Europe Acrylamide Market Outlook, By Acrylamide Crystals (2021-2030) ($MN)
- Table 34 Europe Acrylamide Market Outlook, By Acrylamide Water Solution (2021-2030) ($MN)
- Table 35 Europe Acrylamide Market Outlook, By Other Product Types (2021-2030) ($MN)
- Table 36 Europe Acrylamide Market Outlook, By End User (2021-2030) ($MN)
- Table 36 Europe Acrylamide Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)
- Table 37 Europe Acrylamide Market Outlook, By Food & Beverage (2021-2030) ($MN)
- Table 38 Europe Acrylamide Market Outlook, By Mining (2021-2030) ($MN)
- Table 40 Europe Acrylamide Market Outlook, By Oil & Gas (2021-2030) ($MN)
- Table 41 Europe Acrylamide Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
- Table 42 Europe Acrylamide Market Outlook, By Pulp & Paper (2021-2030) ($MN)
- Table 43 Europe Acrylamide Market Outlook, By Textile (2021-2030) ($MN)
- Table 44 Europe Acrylamide Market Outlook, By Water Treatment (2021-2030) ($MN)
- Table 45 Europe Acrylamide Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 46 Asia Pacific Acrylamide Market Outlook, By Country (2021-2030) ($MN)
- Table 46 Asia Pacific Acrylamide Market Outlook, By Product Type (2021-2030) ($MN)
- Table 47 Asia Pacific Acrylamide Market Outlook, By Acrylamide Crystals (2021-2030) ($MN)
- Table 48 Asia Pacific Acrylamide Market Outlook, By Acrylamide Water Solution (2021-2030) ($MN)
- Table 50 Asia Pacific Acrylamide Market Outlook, By Other Product Types (2021-2030) ($MN)
- Table 51 Asia Pacific Acrylamide Market Outlook, By End User (2021-2030) ($MN)
- Table 52 Asia Pacific Acrylamide Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)
- Table 53 Asia Pacific Acrylamide Market Outlook, By Food & Beverage (2021-2030) ($MN)
- Table 54 Asia Pacific Acrylamide Market Outlook, By Mining (2021-2030) ($MN)
- Table 55 Asia Pacific Acrylamide Market Outlook, By Oil & Gas (2021-2030) ($MN)
- Table 56 Asia Pacific Acrylamide Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
- Table 56 Asia Pacific Acrylamide Market Outlook, By Pulp & Paper (2021-2030) ($MN)
- Table 57 Asia Pacific Acrylamide Market Outlook, By Textile (2021-2030) ($MN)
- Table 58 Asia Pacific Acrylamide Market Outlook, By Water Treatment (2021-2030) ($MN)
- Table 60 Asia Pacific Acrylamide Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 61 South America Acrylamide Market Outlook, By Country (2021-2030) ($MN)
- Table 62 South America Acrylamide Market Outlook, By Product Type (2021-2030) ($MN)
- Table 63 South America Acrylamide Market Outlook, By Acrylamide Crystals (2021-2030) ($MN)
- Table 64 South America Acrylamide Market Outlook, By Acrylamide Water Solution (2021-2030) ($MN)
- Table 65 South America Acrylamide Market Outlook, By Other Product Types (2021-2030) ($MN)
- Table 66 South America Acrylamide Market Outlook, By End User (2021-2030) ($MN)
- Table 66 South America Acrylamide Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)
- Table 67 South America Acrylamide Market Outlook, By Food & Beverage (2021-2030) ($MN)
- Table 68 South America Acrylamide Market Outlook, By Mining (2021-2030) ($MN)
- Table 60 South America Acrylamide Market Outlook, By Oil & Gas (2021-2030) ($MN)
- Table 61 South America Acrylamide Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
- Table 62 South America Acrylamide Market Outlook, By Pulp & Paper (2021-2030) ($MN)
- Table 63 South America Acrylamide Market Outlook, By Textile (2021-2030) ($MN)
- Table 64 South America Acrylamide Market Outlook, By Water Treatment (2021-2030) ($MN)
- Table 65 South America Acrylamide Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 66 Middle East & Africa Acrylamide Market Outlook, By Country (2021-2030) ($MN)
- Table 66 Middle East & Africa Acrylamide Market Outlook, By Product Type (2021-2030) ($MN)
- Table 67 Middle East & Africa Acrylamide Market Outlook, By Acrylamide Crystals (2021-2030) ($MN)
- Table 68 Middle East & Africa Acrylamide Market Outlook, By Acrylamide Water Solution (2021-2030) ($MN)
- Table 70 Middle East & Africa Acrylamide Market Outlook, By Other Product Types (2021-2030) ($MN)
- Table 71 Middle East & Africa Acrylamide Market Outlook, By End User (2021-2030) ($MN)
- Table 72 Middle East & Africa Acrylamide Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)
- Table 73 Middle East & Africa Acrylamide Market Outlook, By Food & Beverage (2021-2030) ($MN)
- Table 74 Middle East & Africa Acrylamide Market Outlook, By Mining (2021-2030) ($MN)
- Table 75 Middle East & Africa Acrylamide Market Outlook, By Oil & Gas (2021-2030) ($MN)
- Table 76 Middle East & Africa Acrylamide Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
- Table 76 Middle East & Africa Acrylamide Market Outlook, By Pulp & Paper (2021-2030) ($MN)
- Table 77 Middle East & Africa Acrylamide Market Outlook, By Textile (2021-2030) ($MN)
- Table 78 Middle East & Africa Acrylamide Market Outlook, By Water Treatment (2021-2030) ($MN)
- Table 80 Middle East & Africa Acrylamide Market Outlook, By Other End Users (2021-2030) ($MN)
