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Global Acrylamide Monomer Market to Reach US$ 5 Billion by 2023

Acrylamide monomer, also known as acrylic amide, is a chemical compound which lacks colour and odour. Formed by the hydration of acrylonitrile, it is highly soluble in water, acetone and alcohol. It remains stable at room temperature and can polymerize at its melting point. The thermal decomposition of acrylamide monomer expels carbon monoxide, carbon dioxide as well as nitrogen oxides. A new research report by IMARC Group, titled “Acrylamide Monomer Market: Global Industry Trends, Share, Size, Growth, Forecast and Opportunity 2018-2023”, estimates that the global acrylamide monomer market was worth nearly US$ 3 Billion in 2017, growing at a CAGR of 11% during 2010-2017. The report further anticipates the market to reach US$ 5 Billion by 2023, at a projected CAGR of more than 9% over the forecast period.

Global Acrylamide Monomer Market\

Global Acrylamide Monomer Market Drivers/Constraints:

  • One of the primary factors driving the market growth include the usage of acrylamide monomer in the synthesis of polyacrylamide which is further employed in wastewater treatment. As the industrialised nations are focusing towards using polyacrylamide in wastewater treatment, it is projected to drive the demand for acrylamide monomer.
  • The increasing consumption of acrylamide monomer in several applications, such as gel electrophoresis, ore processing, tertiary oil refinery and in the synthesis of dyes as well as plastics, is further stimulating the demand for acrylamide monomer.
  • Acrylamide monomer is also used as a friction reducer in shale gas refineries, a co-monomer in superabsorbent polymers and for irrigation purposes in agriculture. Expansion in these industries is projected to propel the market growth.
  • The fluctuations in the prices of raw material acts as one of the major deterrents to the market growth. Further, long term exposure to acrylamide monomer has the potential to cause permanent damage to the nervous system, paralysis and cancer, which limits its applications.

End-Use Insights:

Based on end-use, waste and wastewater treatment currently represent the largest end-use segment of acrylamide monomer. It is followed by petroleum (mostly drilling fluid), pulp/paper, mining, coating, printing/dying and others.

Regional Insights:

On a geographical front, Asia enjoys the leading position in the global acrylamide monomer market, representing the largest consumer and producer. It is followed by the United States, Europe, and Middle East and Africa.

Competitive Landscape:

The market is highly fragmented with the presence of various small as well as large manufacturers who compete in terms of prices and quality. There is a rigid competition in the market which makes it difficult for small players to enter the market. Some of the leading players operating in the market are:

  • SNF Group
  • China National Petroleum
  • Kemira
  • Beijing Hengju Oilfield
  • BASF
  • Dia-Nitrix

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