Acrylamide Market
PUBLISHED: 2024 ID: SMRC25553
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Acrylamide Market

Acrylamide Market Forecasts to 2030 - Global Analysis By Product Type (Acrylamide Crystals, Acrylamide Water Solution and Other Product Types), End User, and By Geography

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4.1 (70 reviews)
Published: 2024 ID: SMRC25553

This report covers the impact of COVID-19 on this global market
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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™ 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
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o 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            
1 Global Acrylamide Market Outlook, By Region (2021-2030) ($MN)           
2 Global Acrylamide Market Outlook, By Product Type (2021-2030) ($MN)           
3 Global Acrylamide Market Outlook, By Acrylamide Crystals (2021-2030) ($MN)           
4 Global Acrylamide Market Outlook, By Acrylamide Water Solution (2021-2030) ($MN)           
5 Global Acrylamide Market Outlook, By Other Product Types (2021-2030) ($MN)           
6 Global Acrylamide Market Outlook, By End User (2021-2030) ($MN)           
6 Global Acrylamide Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)           
7 Global Acrylamide Market Outlook, By Food & Beverage (2021-2030) ($MN)           
8 Global Acrylamide Market Outlook, By Mining (2021-2030) ($MN)           
9 Global Acrylamide Market Outlook, By Oil & Gas (2021-2030) ($MN)           
11 Global Acrylamide Market Outlook, By Pharmaceuticals (2021-2030) ($MN)           
12 Global Acrylamide Market Outlook, By Pulp & Paper (2021-2030) ($MN)           
13 Global Acrylamide Market Outlook, By Textile (2021-2030) ($MN)           
14 Global Acrylamide Market Outlook, By Water Treatment (2021-2030) ($MN)           
15 Global Acrylamide Market Outlook, By Other End Users (2021-2030) ($MN)           
16 North America Acrylamide Market Outlook, By Country (2021-2030) ($MN)           
16 North America Acrylamide Market Outlook, By Product Type (2021-2030) ($MN)           
17 North America Acrylamide Market Outlook, By Acrylamide Crystals (2021-2030) ($MN)           
18 North America Acrylamide Market Outlook, By Acrylamide Water Solution (2021-2030) ($MN)           
20 North America Acrylamide Market Outlook, By Other Product Types (2021-2030) ($MN)           
21 North America Acrylamide Market Outlook, By End User (2021-2030) ($MN)           
22 North America Acrylamide Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)           
23 North America Acrylamide Market Outlook, By Food & Beverage (2021-2030) ($MN)           
24 North America Acrylamide Market Outlook, By Mining (2021-2030) ($MN)           
25 North America Acrylamide Market Outlook, By Oil & Gas (2021-2030) ($MN)           
26 North America Acrylamide Market Outlook, By Pharmaceuticals (2021-2030) ($MN)           
26 North America Acrylamide Market Outlook, By Pulp & Paper (2021-2030) ($MN)           
27 North America Acrylamide Market Outlook, By Textile (2021-2030) ($MN)           
28 North America Acrylamide Market Outlook, By Water Treatment (2021-2030) ($MN)           
30 North America Acrylamide Market Outlook, By Other End Users (2021-2030) ($MN)           
31 Europe Acrylamide Market Outlook, By Country (2021-2030) ($MN)           
32 Europe Acrylamide Market Outlook, By Product Type (2021-2030) ($MN)           
33 Europe Acrylamide Market Outlook, By Acrylamide Crystals (2021-2030) ($MN)           
34 Europe Acrylamide Market Outlook, By Acrylamide Water Solution (2021-2030) ($MN)           
35 Europe Acrylamide Market Outlook, By Other Product Types (2021-2030) ($MN)           
36 Europe Acrylamide Market Outlook, By End User (2021-2030) ($MN)           
36 Europe Acrylamide Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)           
37 Europe Acrylamide Market Outlook, By Food & Beverage (2021-2030) ($MN)           
38 Europe Acrylamide Market Outlook, By Mining (2021-2030) ($MN)           
40 Europe Acrylamide Market Outlook, By Oil & Gas (2021-2030) ($MN)           
41 Europe Acrylamide Market Outlook, By Pharmaceuticals (2021-2030) ($MN)           
42 Europe Acrylamide Market Outlook, By Pulp & Paper (2021-2030) ($MN)           
43 Europe Acrylamide Market Outlook, By Textile (2021-2030) ($MN)           
44 Europe Acrylamide Market Outlook, By Water Treatment (2021-2030) ($MN)           
45 Europe Acrylamide Market Outlook, By Other End Users (2021-2030) ($MN)           
46 Asia Pacific Acrylamide Market Outlook, By Country (2021-2030) ($MN)           
46 Asia Pacific Acrylamide Market Outlook, By Product Type (2021-2030) ($MN)           
47 Asia Pacific Acrylamide Market Outlook, By Acrylamide Crystals (2021-2030) ($MN)           
48 Asia Pacific Acrylamide Market Outlook, By Acrylamide Water Solution (2021-2030) ($MN)           
50 Asia Pacific Acrylamide Market Outlook, By Other Product Types (2021-2030) ($MN)           
51 Asia Pacific Acrylamide Market Outlook, By End User (2021-2030) ($MN)           
52 Asia Pacific Acrylamide Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)           
53 Asia Pacific Acrylamide Market Outlook, By Food & Beverage (2021-2030) ($MN)           
54 Asia Pacific Acrylamide Market Outlook, By Mining (2021-2030) ($MN)           
55 Asia Pacific Acrylamide Market Outlook, By Oil & Gas (2021-2030) ($MN)           
56 Asia Pacific Acrylamide Market Outlook, By Pharmaceuticals (2021-2030) ($MN)           
56 Asia Pacific Acrylamide Market Outlook, By Pulp & Paper (2021-2030) ($MN)           
57 Asia Pacific Acrylamide Market Outlook, By Textile (2021-2030) ($MN)           
58 Asia Pacific Acrylamide Market Outlook, By Water Treatment (2021-2030) ($MN)           
60 Asia Pacific Acrylamide Market Outlook, By Other End Users (2021-2030) ($MN)           
61 South America Acrylamide Market Outlook, By Country (2021-2030) ($MN)           
62 South America Acrylamide Market Outlook, By Product Type (2021-2030) ($MN)           
63 South America Acrylamide Market Outlook, By Acrylamide Crystals (2021-2030) ($MN)           
64 South America Acrylamide Market Outlook, By Acrylamide Water Solution (2021-2030) ($MN)           
65 South America Acrylamide Market Outlook, By Other Product Types (2021-2030) ($MN)           
66 South America Acrylamide Market Outlook, By End User (2021-2030) ($MN)           
66 South America Acrylamide Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)           
67 South America Acrylamide Market Outlook, By Food & Beverage (2021-2030) ($MN)           
68 South America Acrylamide Market Outlook, By Mining (2021-2030) ($MN)           
60 South America Acrylamide Market Outlook, By Oil & Gas (2021-2030) ($MN)           
61 South America Acrylamide Market Outlook, By Pharmaceuticals (2021-2030) ($MN)           
62 South America Acrylamide Market Outlook, By Pulp & Paper (2021-2030) ($MN)           
63 South America Acrylamide Market Outlook, By Textile (2021-2030) ($MN)           
64 South America Acrylamide Market Outlook, By Water Treatment (2021-2030) ($MN)           
65 South America Acrylamide Market Outlook, By Other End Users (2021-2030) ($MN)           
66 Middle East & Africa Acrylamide Market Outlook, By Country (2021-2030) ($MN)           
66 Middle East & Africa Acrylamide Market Outlook, By Product Type (2021-2030) ($MN)           
67 Middle East & Africa Acrylamide Market Outlook, By Acrylamide Crystals (2021-2030) ($MN)           
68 Middle East & Africa Acrylamide Market Outlook, By Acrylamide Water Solution (2021-2030) ($MN)           
70 Middle East & Africa Acrylamide Market Outlook, By Other Product Types (2021-2030) ($MN)           
71 Middle East & Africa Acrylamide Market Outlook, By End User (2021-2030) ($MN)           
72 Middle East & Africa Acrylamide Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)           
73 Middle East & Africa Acrylamide Market Outlook, By Food & Beverage (2021-2030) ($MN)           
74 Middle East & Africa Acrylamide Market Outlook, By Mining (2021-2030) ($MN)           
75 Middle East & Africa Acrylamide Market Outlook, By Oil & Gas (2021-2030) ($MN)           
76 Middle East & Africa Acrylamide Market Outlook, By Pharmaceuticals (2021-2030) ($MN)           
76 Middle East & Africa Acrylamide Market Outlook, By Pulp & Paper (2021-2030) ($MN)           
77 Middle East & Africa Acrylamide Market Outlook, By Textile (2021-2030) ($MN)           
78 Middle East & Africa Acrylamide Market Outlook, By Water Treatment (2021-2030) ($MN)           
80 Middle East & Africa Acrylamide Market Outlook, By Other End Users (2021-2030) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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