According to the latest report by IMARC Group, titled “Acrylamide Monomer Market: Global Industry Trends, Share, Size, Growth, Forecast and Opportunity 2017-2022”, the global acrylamide monomer market reached a value of US$ 2608 Million in 2016, exhibiting a CAGR of 11% during 2009-2016. Acrylamide monomer, also known as acrylic amide, is an odourless, colourless and water-soluble vinyl monomer formed by the hydration of acrylonitrile. It is soluble in alcohol, water and acetone but immiscible with heptane and benzene. Acrylamide monomer is stable at room temperature; however, it can violently polymerize at its melting point or under UV light. It is used as a flocculant, friction reducer and co-monomer in different sectors. Other applications of acrylamide monomer are found in industries such as paper, adhesives, mining, textiles, coatings, etc.
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Highlights of the global acrylamide monomer market:
- Growing demand for polyacrylamide is boosting the growth of the market.
- On the basis of end-use, the waste and wastewater treatment sector represents the largest segment.
- On the basis of region, Asia holds the majority shares for both the production and consumption.
There are various favourable factors driving the growth of the global acrylamide monomer market. Acrylamide monomer is majorly used in the synthesis of polyacrylamide which is further used in wastewater treatment, thereby contributing to the growth of the market. Increasing environmental regulations aimed to limit the waste produced by industrial and municipal plants has boosted the demand for polyacrylamide. Further, the consumption of acrylamide monomer has increased in various sectors such as ore processing, gel electrophoresis, cosmetics, tertiary oil refinery and in the synthesis of dyes and plastic. According to the report, the global acrylamide monomer market is anticipated to reach a value of US$ 4551 Million by 2022, growing at a CAGR of more than 9% during 2017-2022.
The market has been segregated on the basis of end-use where the waste and wastewater treatment sector currently represents the largest end-use segment for acrylamide monomer. Other major end-use segments include petroleum, pulp and paper, mining, coating, and printing and dyeing. On the basis of region, Asia accounts for the majority of the total global share and represents the largest producer as well as consumer for acrylamide monomer. Other major regions include Europe, United States, and Middle East and Africa. The competitive landscape of the market has also been analysed. It is found that the key players are SNF Group, China National Petroleum Corporation, Kemira, Beijing Hengju Oilfield, BASF and Dia-Nitrix.
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The report by IMARC Group has examined the global acrylamide monomer market on the basis of:
- Waste and wastewater treatment
- United states
- Middle East and Africa
- SNF Group
- China national petroleum corporation
- Beijing hengju oulfield
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