Global Acrylamide Monomer Market to Increase Demand from Wastewater Treatment Industry During Forecast Period 2021-2026 – themobility.club
Expert Market Research’s new report titled, “Global Acrylamide Monomers Market Report and Forecast 2021-2026”, gives an in-depth analysis of the global Acrylamide Monomers market, assessing the market based on its segments such as end uses and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
- Historical market size (2020): 3.7 billion USD
- Forecast CAGR (2021-2026): 5%
- Forecasted market size (2026): 7.9 billion USD
Asia-Pacific is the world’s largest producer of acrylamide monomer, accounting for the majority of global production of the product. Some of the major importers of acrylamide monomer are Germany, UK and France. China, Germany, the Netherlands and the United States are the main exporters of the product. Due to limited enhanced oil recovery and hydraulic fracturing operations in China, the use of acrylamide in the oil and gas industry is relatively low compared to other countries, resulting in lower domestic demand. and higher export volume. However, with Chinese energy giants making progress in extracting natural gas from shale rock formations, domestic demand for acrylamide monomers is expected to increase in China in the coming years.
Industry definition and major segments
Acrylamide monomer, known as acrylic amide, is a colorless and odorless substance. Due to the hydration of acrylonitrile, acrylamide monomer is very soluble in water, acetone and alcohol. It is stable at room temperature and polymerizes at its melting point.
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The Acrylamide Monomers Market can be segmented by end use into:
By Regions, the market can be split into:
- North America
- Latin America
- Middle East and Africa
- Asia Pacific
The increasing use of acrylamide monomer in end-use industries such as gel electrophoresis, mineral processing, tertiary petroleum refining, and dye and plastic synthesis is driving the growth in demand in the ‘industry. The use of acrylamide monomer in the synthesis of polyacrylamide, which is then used in wastewater treatment, is one of the main drivers for the development of the market. The acrylamide monomer market is expected to grow further in the coming years as developed countries focus on the use of polyacrylamide in wastewater treatment. The compound is also used as a friction reducer in shale gas refineries; thus, increasing shale gas explorations are expected to catalyze the growth of the market. Acrylamide monomer is also used as a comonomer in superabsorbent polymers and for a variety of other applications. The growing demand from these sectors is expected to propel the growth of the acrylamide monomer market.
Main market players
Major players in the market are BASF SE, Mitsui Chemicals, and Ashland, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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