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The global acrylamide monomer market stood at a value of USD 4.87 billion in 2023 and expected to grow at a CAGR of 9.5% in the forecast period of 2024-2032.
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Acrylamide monomer is used as a precursor of polyacrylamide, which is used as a paper strengthening agent. The growing demand for paper in the packaging industry is supporting the growth of the market. Furthermore, the growing demand for polyacrylamide in enhanced crude oil recovery applications is anticipated to supplement the market growth in the forecast period. This can be attributed to the growing demand for crude oil-based products across industry verticals such as gasoline, petrochemical feedstocks, diesel, jet fuel, waxes, lubricating oils, and others. The adoption of enhanced oil recovery process is expected to surge as the process can help recover more oil from the reservoir.
The Asia Pacific is the leading producer of acrylamide monomer and accounts for the largest share of global output of the product. The Asia Pacific region is followed by Europe, North America, Africa, and the Middle East as the other major producers of the material. Germany, the United Kingdom and France are the leading importers of acrylamide monomer globally. China is the leading exporter of the product, followed by Germany, the Netherlands, and the United States.
Acrylamide is used as a flocculent for sewage and wastewater treatment. The growing investment by the governments in the development of wastewater treatment plants to tackle the issues of water wastage across industries is aiding the market growth in the Asia Pacific, in terms of consumption. In addition, the region is witnessing expansive investments in infrastructure development activities. In this regard, the growing use of acrylamide in the production of paint and coating additives is anticipated to support the market growth in the forecast period.
Acrylamide monomer, also known as acrylic amide, is a colourless and odourless chemical. It is highly soluble in water, acetone, and alcohol, and is produced by the hydration of acrylonitrile. It is stable at room temperature and polymerises at its melting point. The thermal decomposition of the monomer of acrylamide expels carbon monoxide, carbon dioxide, and nitrogen oxides.
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By end use, the market is divided into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The increasing use of acrylamide monomers in the end-use sectors, such as gel electrophoresis, ore processing, tertiary oil refining, and the dyes and plastics synthesis, is stimulating the demand for the product. One of the key drivers of the market is the use of acrylamide monomer in polyacrylamide synthesis, which is further used in wastewater treatment operations. As the developed countries concentrate on the use of polyacrylamide in wastewater treatment, with the imposition of stringent environmental regulations, the market is expected to witness a considerable growth in the coming years. The compound is also being used in shale gas refineries as a friction reducer. It is also used as a co-monomer in super-absorbent polymers and for multiple agricultural purposes, especially irrigation. The rising demand from these industries is anticipated to provide an impetus to the market. Furthermore, the rising demand for acrylamide as an intermediate in the production of organic chemicals is expected to support the market growth in the coming years.
The report gives a detailed analysis of the following key players in the global acrylamide monomer market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model and SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Acrylamide Monomer Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached a value of USD 4.87 billion in 2023.
The market is estimated to grow at a CAGR of about 9.5% in the forecast period of 2024-2032.
The market is projected to witness a healthy growth in the forecast period of 2024-2032 to reach USD 11.03 billion by 2032.
The major drivers of the market such as rising disposable incomes, increasing population and rising use of acrylamide monomer in polyacrylamide synthesis, shale gas refineries, super-absorbent polymers, and for multiple agricultural purposes are expected to aid the market growth.
The rising implementation of government regulations regarding water treatment due to growing water pollution is expected to support the growth of the market over the coming years.
The major regions in the market are North America, Latin America, the Asia Pacific, the Middle East and Africa, and Europe, with the Asia Pacific being the leading producer of the product globally.
The major players in the market are BASF SE, Mitsui Chemicals, Inc., Ashland, and others.
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