Global Acrylamide Monomer Market Overview
The Acrylamide Monomer Market Size was estimated at 10.8 (USD Billion) in 2022. The Acrylamide Monomer Industry is expected to grow from 11.09 (USD Billion) in 2023 to 14.08 (USD Billion) by 2032. The Acrylamide Monomer Market CAGR (growth rate) is expected to be around 2.69% during the forecast period (2024 - 2032).
Key Acrylamide Monomer Market Trends Highlighted
The acrylamide monomer market is growing rapidly as it is driven by rising demand from different end-use industries. A major driver within the construction industry, acrylamide monomer is used in the production of polyacrylamide, a polymer that enhances the strength and durability of concrete. The water treatment sector also uses acrylamide monomer as a coagulant and flocculant to remove impurities from water. In addition, the paper industry employs acrylamide monomer to improve paper quality and retention.
The prospects for the acrylamide monomer market include increasing requirements for superabsorbent polymers used in hygiene products, mainly diapers and sanitary napkins. As well as this, the growth in the pharmaceutical industry offers an opportunity for expansion since raw materials for the manufacture of active pharmaceutical ingredients include acryl amides.
Furthermore, the increased use of acryl amides in personal care commodities like hair gels and nail polishes has brought about new markets. In recent developments in the Acryl Amide Monomers market, there have been biosynthesized bio- based items that are more environmentally friendly than traditional ones derived from petroleum. Taking into account also nano size Acylamide-monemers currently available which promises better applications performances. There are also strategic alliances and mergers among leading firms aimed at consolidating market dominance while widening their product base.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Acrylamide Monomer Market Drivers
Growing Demand for Acrylamide Monomer in Water Treatment Industry
Water treatment processes extensively rely on acrylamide monomer, which is responsible for the removal of impurities and contaminants from water sources. The need for clean drinking water and stricter environmental policies is leading to growth in demand for acrylamide monomer in the water treatment business. Polyacrylamide, produced by using acrylamide monomers, is a versatile polymer that can be used in different applications such as wastewater treatment, sludge dewatering, and water clarification, among others. With more and more polyacrylamides being adopted by water treatment plants and municipal water systems, demand for acrylamide monomers is expected to rise.
Expansion of the Oil and Gas Industry: A Key Driver for Acrylamide Monomer Demand
Essentially, acrylamide monomer has a huge share as a consumer of the oil and gas industry, especially in the enhanced oil recovery (EOR) techniques. Polymer gels, which are based on polyacrylamide and contain acrylamide monomer are also produced to increase the viscosity of crude oil when injected into reservoirs for better flow of the same. The increase in demand for gas and oil combined with the depletion of conventional reserves has necessitated more exploration and production activities in unconventional reserves such as shale formations. Subsequently, it is anticipated that this will lead to a high need for acrylamide monomers for use within the petroleum sector.
Growing Adoption of Acrylamide Monomer in Biomedical Applications
Acrylamide monomer is gradually being used more and more in the biomedical industry. This happens especially in manufacturing electrophoresis gels and cell culture media. Electrophoresis gels are for protein analysis, while cell culture media are used to grow cells for lab purposes.
The acrylamide monomer market in the biomedical industry is expected to thrive due to the increased demand for advanced biomedical research and the development of new therapeutic modalities.
Acrylamide Monomer Market Segment Insights
Acrylamide Monomer Grade Insights
The Acrylamide Monomer Market segmentation based on Acrylamide Monomer Grade includes Polymer Grade and Industrial Grade. The Polymer Grade segment accounted for the largest share of the Acrylamide Monomer Market revenue in 2023, and it is projected to continue to dominate the market throughout the forecast period (2024-2032). The growth of this segment is primarily attributed to the increasing demand for acrylamide monomer in the production of polymers, such as polyacrylamide and polyacrylic acid. These polymers are widely used in various industries, including water treatment, oil and gas, and papermaking.The Industrial Grade segment is expected to witness a steady growth rate during the forecast period. This segment includes acrylamide monomer used in the production of dyes, adhesives, and other industrial products. The demand for acrylamide monomer in these applications is expected to remain stable in the coming years. The market growth is driven by the increasing demand for acrylamide monomer in various end-use industries, including water treatment, oil and gas, and papermaking.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Acrylamide Monomer Market Acrylamide Monomer Application Insights
The Acrylamide Monomer Application segment is a crucial aspect of the Acrylamide Monomer Market. In 2023, the Poly(acrylamide) (PAM) Production segment held the dominant market share, accounting for approximately 40% of the overall revenue. This dominance is attributed to the widespread use of PAM in various industries, including water treatment, enhanced oil recovery, and papermaking. The Water Treatment segment is expected to witness significant growth in the coming years due to increasing concerns about water pollution and the need for effective water treatment solutions.The Enhanced Oil Recovery segment is projected to contribute a substantial share of the market revenue by 2032. Papermaking, Mining, and Textile Finishing applications are also expected to drive the market growth, with each segment offering unique opportunities for market players.
Acrylamide Monomer Market Acrylamide Monomer End-use Industry Insights
The Acrylamide Monomer Market segmentation by End-use Industry includes Oil Gas, Mining, Paper Pulp, Water Treatment, Textile, and Construction. Owing to its exceptional resistance to heat, chemicals, and wear, acrylamide monomer finds extensive application in the oil and gas industry, particularly in enhanced oil recovery (EOR) processes. The Mining segment holds a significant market share due to the growing demand for acrylamide monomer in mineral processing and ore beneficiation. In the Paper Pulp industry, acrylamide monomer is used as a retention aid and drainage enhancer, improving paper strength and printability.
The Water Treatment segment is experiencing steady growth as acrylamide monomer serves as a coagulant and flocculant, aiding in water purification and wastewater treatment. The Textile industry utilizes acrylamide monomer in the production of synthetic fibers, enhancing their strength, elasticity, and dyeability. The Construction segment is witnessing increased demand for acrylamide monomer in adhesives, coatings, and sealants, contributing to the overall market growth.
Acrylamide Monomer Market Particle Form Insights
The Acrylamide Monomer Market is segmented based on particle form into powder, granules, and liquid. Among these, the powder form segment held the largest market share in 2023, accounting for around 60% of the revenue. The powder form is preferred due to its ease of handling, storage, and transportation. It is also more stable and has a longer shelf life compared to other forms. The granules form segment is expected to witness the fastest growth over the forecast period, owing to its increasing adoption in various industrial applications.The liquid form segment is expected to hold a significant market share, primarily driven by its use in water treatment and oilfield applications.
Acrylamide Monomer Market Regional Insights
The Acrylamide Monomer Market segmentation by region is a useful tool for understanding the market's growth potential. In 2023, North America dominated the market with a revenue share of approximately 37.5% due to the region's strong construction and automotive industries. Europe accounted for the second-largest share, with a revenue share of around 28.6%, driven by the region's developed infrastructure and growing demand for water treatment chemicals. APAC is projected to be the fastest-growing market, with a CAGR of 4.2% from 2023 to 2032.This growth is attributed to the region's rapidly developing economies and increasing urbanization. South America and MEA are also expected to experience steady growth, owing to rising demand from various end-use industries.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Acrylamide Monomer Market Key Players And Competitive Insights
Major players in the Acrylamide Monomer Market industry are continuously investing in research and development to enhance their product portfolio and gain a competitive edge. Leading Acrylamide Monomer Market players are focusing on developing innovative products that meet the evolving needs of customers. The Acrylamide Monomer Market Competitive Landscape is highly fragmented, with numerous small and large players operating in the market. Key players in the Acrylamide Monomer Market include Ashland, SNF Holding Company, Sumitomo Chemical, Evonik Industries, and BASF. These companies hold a significant market share and have a strong presence in various regions worldwide. They are actively involved in mergers and acquisitions to expand their geographical reach and product offerings.Ashland is a leading provider of specialty chemicals and materials. The company's Acrylamide Monomer Market offerings include a wide range of products for various applications, including water treatment, oil and gas production, and personal care. Ashland has a strong focus on innovation and sustainability, and it continues to invest in research and development to improve its products and processes.SNF Holding Company is a leader in the production of acrylamide monomers and polymers. The company's Acrylamide Monomer Market products are used in a variety of applications, including water treatment, mining, and papermaking. SNF Holding Company has a strong commitment to quality and customer service, and it has a presence with production facilities in Europe, Asia, and the Americas.
Key Companies in the Acrylamide Monomer Market Include:
Acrylamide Monomer Market Industry Developments
The acrylamide monomer market is expected to reach USD 14.08 billion by 2032, exhibiting a CAGR of 2.69% from 2024 to 2032. The market growth is primarily driven by the increasing demand for acrylamide in water treatment applications, particularly in emerging economies. Acrylamide is used as a coagulant and flocculant in water treatment plants, which helps in removing impurities and suspended solids from water. The growing awareness about water scarcity and the need for clean water sources have accelerated the adoption of acrylamide in water treatment processes. Moreover, the rising demand for acrylamide in the production of polyacrylamide, which is used in various industries such as oil and gas, mining, and construction, is also contributing to the market growth.
Acrylamide Monomer Market Segmentation Insights
Acrylamide Monomer Market Acrylamide Monomer Grade Outlook
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Polymer Grade
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Industrial Grade
Acrylamide Monomer Market Acrylamide Monomer Application Outlook
Acrylamide Monomer Market Acrylamide Monomer End-use Industry Outlook
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Oil Gas
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Mining
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Paper Pulp
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Water Treatment
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Textile
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Construction
Acrylamide Monomer Market Particle Form Outlook
Acrylamide Monomer Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
10.8 (USD Billion) |
| Market Size 2023 |
11.09 (USD Billion) |
| Market Size 2032 |
14.08 (USD Billion) |
| Compound Annual Growth Rate (CAGR) |
2.69% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Ashland, Evonik, LCY Chemical Corp., Huntsman, BASF, Tosoh, AkzoNobel, Sumitomo Chemical, Mitsubishi Chemical, INEOS, Air Products and Chemicals, Sanyo Chemical Industries, Nippon Shokubai, Dow |
| Segments Covered |
Acrylamide Monomer Grade, Acrylamide Monomer Application, Acrylamide Monomer End-use Industry, Particle Form, Regional |
| Key Market Opportunities |
Growing demand for water treatment applicationsIncreasing use of polymers and coatingsEmerging applications in biomedical and pharmaceutical industriesRising adoption in wastewater treatmentExpanding usage in oil and gas drilling |
| Key Market Dynamics |
Rising demand from the water treatment sectorIncreasing applications in the construction industryGrowing automotive production |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The acrylamide monomer market size was valued at 11.09 billion USD in 2023 and is projected to reach 14.08 billion USD by 2032, exhibiting a CAGR of 2.69% during the forecast period.
In 2023, North America accounted for the largest market share of over 38.2% in the acrylamide monomer market, primarily due to the growing demand from the paper, water treatment, and construction industries in the region.
The increasing demand for acrylamide in various industrial applications, such as papermaking, water treatment, and construction, is a major growth driver in the acrylamide monomer market. Additionally, the growing adoption of acrylamide monomer in emerging economies is further contributing to the market growth.
Acrylamide monomer is primarily used in the production of polyacrylamide, which is a widely used polymer in various industries. Key applications include water treatment, papermaking, food processing, mining, and construction.
Major players operating in the acrylamide monomer market include BASF SE, SNF Holding Company, Kemira Oyj, Dow Chemical Company, and Nippon Shokubai Co., Ltd. These companies hold significant market share and compete based on factors such as product innovation, production capacity, and geographical reach
The acrylamide monomer market is expected to grow at a CAGR of 2.69% from 2023 to 2032, reaching a valuation of 14.08 billion USD by 2032.
The water treatment segment is expected to hold the largest market share in the acrylamide monomer market throughout the forecast period. Acrylamide is widely used as a coagulant in water treatment plants for the removal of impurities and contaminants.
Key trends influencing the acrylamide monomer market include the growing demand for water treatment solutions, increasing adoption of acrylamide in emerging economies, and rising environmental concerns leading to stricter regulations on water discharge.
The long-term outlook for the acrylamide monomer market is positive. The increasing demand for water treatment and papermaking, coupled with the expansion of the construction industry in emerging economies, is expected to drive market growth in the coming years.
One of the major challenges faced by the acrylamide monomer market is the volatility in raw material prices. Additionally, environmental concerns and regulations related to the handling and disposal of acrylamide monomer can pose challenges for manufacturers.
