The latest report by IMARC Group, titled “Acrylamide Monomer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” finds that the global acrylamide monomer market size reached US$ 4.3 Billion in 2022. Acrylamide monomer, also known as acrylic amide, propenamide, 2-propenamide, is a chemical compound that occurs as a white, crystalline solid or flake-like crystals. It is formed by the hydration of acrylonitrile and remains stable at room temperature. The thermal decomposition of acrylamide monomer expels carbon monoxide, carbon dioxide as well as nitrogen oxides. It is highly soluble in water, acetone and alcohol, lacks color and odor, and can polymerize at its melting point or under ultraviolet (UV) light.
Global Acrylamide Monomer Market Trends:
The use of acrylamide monomer in polyacrylamide synthesis represents one of the primary factors bolstering the market. Polyacrylamide is an industrially important polymer used in the production of various compounds. In the paper manufacturing industry, polyacrylamide acts as a binder and retains pigments on paper fibers. It is also used in the wastewater industry for flocculating solids in sewage water. Consequently, due to the increasing environmental regulations mandating industrial and municipal plants to limit their waste, there has been a rise in the demand for polyacrylamide as dispersant and flocculant. Furthermore, there has been an increase in the consumption of acrylamide monomer in gel electrophoresis, ore processing, tertiary oil refinery, and the synthesis of dyes and plastics. Acrylamide monomer is also used as a friction reducer in shale gas refineries, as a co-monomer in superabsorbent polymers and for irrigation purposes in the agriculture sector. On account of these applications, the market is expected to exhibit a CAGR of 9.63% during the forecast period (2023-2028).
- Based on the end-use, the market has been segregated into the waste and wastewater treatment, petroleum (mostly drilling fluid), pulp/paper, mining, coating, printing/dying and other sectors. Waste and wastewater treatment currently represents the largest end use segment.
- Region-wise, Asia holds the leading position in the market. Other major regions are the United States, Europe, and Middle East and Africa.
- The competitive landscape of the market has been examined, with some of the key players being SNF Group, China National Petroleum Corporation (CNPC), Kemira Oyj, Beijing Hengju Chemical Group Corporation, BASF SE and Dia-Nitrix Co, Ltd.
|Base Year of the Analysis
||‘000 Tons, US$ Billion
||End Use, Region
|| Asia, United States, Europe, Middle East and Africa, Others
||SNF Group, China National Petroleum Corporation, Kemira, Beijing Hengju Oilfield, BASF and Dia-Nitrix
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