Global N N Methylene Bisacrylamide Resin Market Overview
The N N Methylene Bisacrylamide Resin Market Size was estimated at 0.27 (USD Billion) in 2022.The N N Methylene Bisacrylamide Resin Industry is expected to grow from 0.28(USD Billion) in 2023 to 0.46 (USD Billion) by 2032. The N N Methylene Bisacrylamide Resin Market CAGR (growth rate) is expected to be around 5.48% during the forecast period (2024 - 2032).
Key N N Methylene Bisacrylamide Resin Market Trends Highlighted
The N, N-methylene bisacrylamide resins market is registering steady growth under the influence of increasing water treatment and oilfield chemical consumption. This comes in handy as this type of resin still has many more uses beyond what has emerged, hence further creating a market for it.Current developments in the market have also revealed growing interest in high quality resins as well as improvement of production technologies. The market is seeking to fill special niches, such as specialty chemicals for the electronic and pharmaceutical industries. The increasing trend towards environment-friendly and sustainable methods of producing resin is another significant trend in the market.In addition, there are strategic developments in water and wastewater treatment markets, oil and gas markets as well as pulp and paper demand enhancement that strengthens the market. Due to the improvement of industrialization and infrastructure ly, demand for N, N-methylene bisacrylamide resin will be on the high side even in the future. The market is projected to witness steady growth by optimally utilizing the opportunities in production process improvements and emerging applications.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
N N Methylene Bisacrylamide Resin Market Drivers
Increasing Demand from the Water Treatment Industry
N, N'-methylene bisacrylamide (MBA) is a cross-linker of polyacrylamides (PAMs) which find usage in water treatment. There has been an increase in the population, thereby the need for access to clean and safe water and the proliferation of environmental regulations spurs the growth of the water treatment industry. Thus, the increasing demand for the use of PAM in water filtration is likely to increase the market for MBA, which in turn will, in turn help in strengthening the N N Methylene Bisacrylamide Resin Market Industry during the forecast period.
Growing Adoption in the Papermaking Industry
MBA is also utilized as a wet-strength additive in the papermaking industry to enhance the strength and durability of paper products. The rising demand for high-quality paper and packaging materials, particularly in emerging economies, is fueling the growth of the papermaking sector. Consequently, the increased adoption of MBA in paper production is anticipated to drive the expansion of the N N Methylene Bisacrylamide Resin Market Industry in the coming years.
Advancements in Oil and Gas Exploration and Production
N, N'-methylene bisacrylamide plays a crucial role in enhanced oil recovery (EOR) techniques, which aim to improve the efficiency of oil and gas extraction. MBA is used in the formulation of polymer gels that are injected into oil reservoirs to increase viscosity and sweep efficiency, leading to higher oil recovery rates. The growing focus on maximizing oil and gas production, coupled with technological advancements in EOR methods, is expected to drive the demand for MBA in the oil and gas industry, contributing to the growth of the N N Methylene Bisacrylamide Resin Market Industry.
N N Methylene Bisacrylamide Resin Market Segment Insights
N N Methylene Bisacrylamide Resin Market Application Insights
Application Segment Insights and Overview The N N Methylene Bisacrylamide Resin market is segmented by application into Polymerization, Cross-linking Agent, Water Treatment, Textile Industry, and Papermaking Industry. Among these, Polymerization held the largest market share in 2023 and is projected to continue its dominance throughout the forecast period. The segment's growth is primarily attributed to the increasing demand for N N Methylene Bisacrylamide Resin as a cross-linking agent in the production of acrylic polymers, which are widely used in various end-use industries such as paints, coatings, and adhesives.The Cross-linking Agent segment is expected to witness significant growth over the forecast period. N N Methylene Bisacrylamide Resin is extensively employed as a cross-linking agent in the production of rubber and plastics, enhancing their strength, durability, and resistance to heat and chemicals. The rising demand for these materials in various industries, including automotive, construction, and electronics, is expected to drive segment growth. The Water Treatment segment is projected to grow steadily during the forecast period. N N Methylene Bisacrylamide Resin is used in water treatment plants as a coagulant and flocculant, aiding in the removal of impurities and suspended solids from water.The increasing focus on water purification and wastewater treatment is expected to boost segment growth. The Textile Industry segment is anticipated to witness moderate growth over the forecast period. N N Methylene Bisacrylamide Resin is utilized in the textile industry as a finishing agent, imparting wrinkle resistance, crease recovery, and improved fabric strength. The growing demand for high-performance textiles in the apparel, home furnishings, and healthcare sectors is expected to drive segment growth. The Papermaking Industry segment is projected to grow at a modest pace during the forecast period.N N Methylene Bisacrylamide Resin is used in the papermaking process to improve paper strength and reduce water absorption. The increasing use of paper and paperboard in packaging, printing, and other applications is expected to support segment growth.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
N N Methylene Bisacrylamide Resin Market Purity Insights
The purity segment of the N N Methylene Bisacrylamide Resin Market is categorized into 99%, 98%, 97%, 96%, and 95%. Among these, the 99% purity segment held the largest market share in 2023, accounting for over 50% of the revenue. The high demand for 99% pure N N Methylene Bisacrylamide Resin can be attributed to its superior properties, such as high transparency, low odor, and excellent thermal stability. As a result, it is widely used in the production of high-performance polymers, such as polyacrylamide and polyacrylic acid. The 98% purity segment is expected to witness significant growth over the forecast period, owing to its increasing adoption in various industrial applications, such as water treatment, oil and gas exploration, and papermaking.The 97%, 96%, and 95% purity segments are also expected to exhibit steady growth, driven by their use in a wide range of applications, including adhesives, sealants, and coatings.
N N Methylene Bisacrylamide Resin Market Grade Insights
The Grade segment of the N N Methylene Bisacrylamide Resin Market is segmented into Industrial Grade, Pharmaceutical Grade, Food Grade, and Cosmetic Grade. The Industrial Grade segment is the largest segment, accounting for over 60% of the N N Methylene Bisacrylamide Resin Market revenue in 2023. The Pharmaceutical Grade segment is the fastest-growing segment, with a CAGR of over 6% from 2024 to 2032. The Food Grade segment is the third-largest segment, accounting for over 15% of the N N Methylene Bisacrylamide Resin Market revenue in 2023.The Cosmetic Grade segment is the smallest segment, accounting for less than 5% of the N N Methylene Bisacrylamide Resin Market revenue in 2023. The growth of the Pharmaceutical Grade segment is being driven by the increasing demand for N N Methylene Bisacrylamide Resin in the production of pharmaceuticals and medical devices. The growth of the food-grade segment is being driven by the increasing demand for N N Methylene Bisacrylamide Resin in the production of food and beverage products. The growth of the Cosmetic Grade segment is being driven by the increasing demand for N N Methylene Bisacrylamide Resin in the production of cosmetics and personal care products.
N N Methylene Bisacrylamide Resin Market Form Insights
The N N Methylene Bisacrylamide Resin Market segmentation by Form offers crucial insights into market growth. Powder, liquid, and suspension are key forms of N N Methylene Bisacrylamide Resin available in the market. In 2023, powder dominated the market with a share of over 55% due to its ease of handling and storage. Liquid N N Methylene Bisacrylamide Resin is projected to grow significantly during the forecast period, owing to its increasing use in water-based applications such as adhesives and coatings. Suspension form finds application in industries like oil and gas, where it is used as a viscosifier and suspending agent.
N N Methylene Bisacrylamide Resin Market End Use Industry Insights
The End Use Industry segment of the N N Methylene Bisacrylamide Resin Market is anticipated to exhibit significant growth over the forecast period. The construction industry is a major consumer of N N Methylene Bisacrylamide Resin, owing to its use in the production of adhesives, sealants, and coatings. The growing demand for infrastructure development and residential construction is expected to drive the demand for N N Methylene Bisacrylamide Resin in this industry. The automotive industry is another major end-use industry for N N Methylene Bisacrylamide Resin.It is used in the production of tires, hoses, and other automotive components. The increasing production of automobiles, particularly in emerging economies, is expected to boost the demand for N N Methylene Bisacrylamide Resin in this segment. The electronics industry is also a significant consumer of N N Methylene Bisacrylamide Resin. It is used in the production of printed circuit boards, semiconductors, and other electronic components. The growing demand for electronic devices is expected to drive the demand for N N Methylene Bisacrylamide Resin in this industry.The packaging industry is another major end-use industry for N N Methylene Bisacrylamide Resin. It is used in the production of films, sheets, and other packaging materials. The growing demand for flexible packaging is expected to drive the demand for N N Methylene Bisacrylamide Resin in this industry. The pharmaceuticals industry is also a significant consumer of N N Methylene Bisacrylamide Resin. It is used in the production of drug delivery systems, such as tablets, capsules, and gels. The growing demand for pharmaceuticals is expected to drive the demand for N N Methylene Bisacrylamide Resin in this industry.
N N Methylene Bisacrylamide Resin Market Regional Insights
The N N Methylene Bisacrylamide Resin Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, APAC is expected to witness the highest growth rate during the forecast period. The growth of the APAC market is attributed to the increasing demand for N N Methylene Bisacrylamide Resin in the region's rapidly growing automotive and construction industries. The North American market for N N Methylene Bisacrylamide Resin is expected to grow at a steady pace during the forecast period. The growth of the North American market is attributed to the increasing demand for N N Methylene Bisacrylamide Resin in the region's oil and gas industry.The European market for N N Methylene Bisacrylamide Resin is expected to grow at a moderate pace during the forecast period. The growth of the European market is attributed to the increasing demand for N N Methylene Bisacrylamide Resin in the region's electronics and aerospace industries. The South American market for N N Methylene Bisacrylamide Resin is expected to grow at a moderate pace during the forecast period. The growth of the South American market is attributed to the increasing demand for N N Methylene Bisacrylamide Resin in the region's mining and agriculture industries.The MEA market for N N Methylene Bisacrylamide Resin is expected to grow at a steady pace during the forecast period. The growth of the MEA market is attributed to the increasing demand for N N Methylene Bisacrylamide Resin in the region's construction and infrastructure industries.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
N N Methylene Bisacrylamide Resin Market Key Players And Competitive Insights
Major players in the N N Methylene Bisacrylamide Resin Market industry are constantly striving to gain a competitive edge by investing in research and development, expanding their product portfolios, and entering into strategic partnerships. Leading N N Methylene Bisacrylamide Resin Market players are focusing on developing innovative products that meet the evolving needs of their customers. The N N Methylene Bisacrylamide Resin Market development is driven by factors such as the increasing demand for water-soluble polymers in various industries, including water treatment, oil and gas, and papermaking. The competitive landscape of the N N Methylene Bisacrylamide Resin Market is expected to remain fragmented, with a few key players holding a majority of the market share. However, the entry of new players and the expansion of existing players into new regions are expected to intensify competition in the coming years.A leading company in the N N Methylene Bisacrylamide Resin Market is BASF. The company offers a wide range of N N Methylene Bisacrylamide Resin products under the brand name Lupamin. BASF's N N Methylene Bisacrylamide Resin products are used in a variety of applications, including water treatment, oil and gas, and papermaking. The company has a strong presence and a well-established distribution network. BASF is committed to innovation and is constantly investing in research and development to improve its product offerings.A competitor in the N N Methylene Bisacrylamide Resin Market is Evonik. The company offers a range of N N Methylene Bisacrylamide Resin products under the brand name Vinnolit. Evonik's N N Methylene Bisacrylamide Resin products are used in a variety of applications, including water treatment, oil and gas, and papermaking. The company has a presence and a well-established distribution network. Evonik is committed to sustainability and is constantly working to reduce the environmental impact of its products and processes.
Key Companies in the N N Methylene Bisacrylamide Resin Market Include
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Dow Chemical Company
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Evonik Industries AG
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LANXESS AG
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DIC Corporation
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Momentive Performance Materials Inc.
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Nippon Shokubai Co., Ltd.
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NOF Corporation
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Wacker Chemie AG
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BASF SE
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Adeka Corporation
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Solvay SA
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Mitsubishi Chemical Holdings Corporation
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Sanyo Chemical Industries, Ltd.
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Sumitomo Chemical Co., Ltd.
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Ashland Holdings Inc.
N N Methylene Bisacrylamide Resin Market Industry Developments
The N, N-methylene bisacrylamide resin market size was valued at USD 0.28 billion in 2023 and is projected to reach USD 0.46 billion by 2032, exhibiting a CAGR of 5.48% during the forecast period (2024-2032). Rising demand from the water treatment industry, increasing adoption in papermaking, and growing consumption in the oil and gas sector are the key factors driving market growth. Stringent environmental regulations promoting the use of eco-friendly flocculants and coagulants in water treatment plants provide impetus to market expansion. Moreover, the increasing demand for N, N-methylene bisacrylamide resin in the production of specialty chemicals, such as flocculants, coagulants, and oilfield chemicals, is anticipated to propel market growth over the forecast period.
N N Methylene Bisacrylamide Resin Market Segmentation Insights
N N Methylene Bisacrylamide Resin Market Application Outlook
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Polymerization
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Cross-linking Agent
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Water Treatment
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Textile Industry
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Papermaking Industry
N N Methylene Bisacrylamide Resin Market Purity Outlook
N N Methylene Bisacrylamide Resin Market Grade Outlook
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Industrial Grade
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Pharmaceutical Grade
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Food Grade
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Cosmetic Grade
N N Methylene Bisacrylamide Resin Market Form Outlook
N N Methylene Bisacrylamide Resin Market End Use Industry Outlook
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Construction
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Automotive
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Electronics
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Packaging
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Pharmaceuticals
N N Methylene Bisacrylamide Resin 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 |
0.27(USD Billion) |
Market Size 2023 |
0.28(USD Billion) |
Market Size 2032 |
0.46(USD Billion) |
Compound Annual Growth Rate (CAGR) |
5.48% (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 |
Dow Chemical Company, Evonik Industries AG, LANXESS AG, DIC Corporation, Momentive Performance Materials Inc., Nippon Shokubai Co., Ltd., NOF Corporation, Wacker Chemie AG, BASF SE, Adeka Corporation, Solvay SA, Mitsubishi Chemical Holdings Corporation, Sanyo Chemical Industries, Ltd., Sumitomo Chemical Co., Ltd., Ashland Holdings Inc. |
Segments Covered |
Application, Purity, Grade, Form, End Use Industry, Regional |
Key Market Opportunities |
Growing demand for water treatmentExpansion into emerging marketsDevelopment of eco-friendly formulationsIncreasing adoption of electronicsApplications in biomedical devices |
Key Market Dynamics |
Rising demand from water treatment Increasing applications in the production of specialty chemicals Growth in the papermaking industry Technological advancements Expansion of end-use applications. |
Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The N, N’-Methylene Bisacrylamide Resin Market was valued at approximately USD 0.28 Billion in 2023.
The N, N’-Methylene Bisacrylamide Resin Market is projected to reach a value of approximately USD 0.46 Billion by 2032, exhibiting a CAGR of 5.48% between 2024 and 2032.
The Asia Pacific region is expected to dominate the N, N’-Methylene Bisacrylamide Resin Market throughout the forecast period due to the increasing demand for the resin in various industries, such as water treatment, oil and gas, and papermaking.
N, N’-Methylene Bisacrylamide Resin is primarily used as a crosslinking agent in the production of polyacrylamide gels, which find applications in electrophoresis, chromatography, and other laboratory techniques.
Some of the key competitors in the N, N’-Methylene Bisacrylamide Resin Market include BASF, The Dow Chemical Company, Lubrizol Corporation, and Ashland.
The growth of the N, N’-Methylene Bisacrylamide Resin Market is driven by factors such as the increasing demand for polyacrylamide gels in various applications, the rising adoption of N, N’-Methylene Bisacrylamide Resin in water treatment processes, and the growing awareness of the benefits of using the resin in oil and gas exploration.
The N, N’-Methylene Bisacrylamide Resin Market faces challenges such as the availability of substitutes, the fluctuating prices of raw materials, and the stringent environmental regulations governing the production and use of the resin.
The N, N’-Methylene Bisacrylamide Resin Market presents opportunities for growth in the development of new applications for polyacrylamide gels, the expansion of the resin's use in emerging economies, and the adoption of sustainable production processes.
Trends shaping the N, N’-Methylene Bisacrylamide Resin Market include the increasing demand for bio-based resins, the development of environmentally friendly crosslinking agents, and the adoption of advanced production technologies.
Technological advancements are expected to have a positive impact on the N, N’-Methylene Bisacrylamide Resin Market by enabling the development of new products, improving production efficiency, and reducing costs.