A recent market intelligence report that is published by Data Insights Partner on the global Acrylamide Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Acrylamide Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Acrylamide Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Acrylamide Market is offered. In accordance with the report, the global Acrylamide Market is projected to expand at a CAGR of 4.23% over the period of forecast.
Market Insight, Drivers, Restraints& Opportunity of the Market:
Acrylamide is a white odorless crystalline solid soluble in water, ether, ethanol and chloroform. Acrylamide is primarily used to produce polyacrylamide, which further finds applications in various end-user industries. Acrylamide is produced by the hydrolysis of acrylonitrile by nitrile hydratase. Commercially, acrylamide is synthesized on a large scale to produce polyacrylamide. Polyacrylamide is further used in several applications such as water treatment, enhanced oil recovery, paper making etc. Some of the other commercial application of acrylamide includes manufacture of monomers and manufacture of dyes.
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Growth in the demand for water and wastewater treatment coupled with expanding oil and gas activities are expected to be the major demand drivers for acrylamide in the next few years. Water and wastewater treatment is the largest application segment of acrylamide both in terms of volume and revenue. Stringent laws have been put in place by various governments in developed region regarding wastewater treatment. Acrylamide is extensively used for treating wastewater across the globe. In municipal wastewater treatment, acrylamide is used for primary sewage treatment as a solid-liquid separator. Acrylamide also finds uses in a wide variety of industrial wastewater treatment processes that involve petrochemical, textiles, electroplating, pharmaceuticals, leather, breweries and paper. Increasingly stringent regulations particularly related to wastewater from industrial and municipal sources, is expected to drive the growth of acrylamide in the near future. Urban wastewater treatment is not subject to global economics and thus it is expected to promote acrylamide consumption in municipal wastewater treatment applications.
Acrylamides are used for the economic recovery of unconventional gases through hydraulic fracturing. Shale gas is an unconventional source of natural gas and is high in ethane and other hydro carbon content. U.S. chemical firms are expected to invest around USD 71.7 billion in new shale gas capacities by 2020. These new capacities extracting shale gas are expected to propel the demand for acrylamide in hydraulic fracturing operations. Companies that are expected to invest in shale gas are: Chevron Philips, Dow Chemicals, Mitsui, Shell Chemicals and ExxonMobil Chemical among others. Numerous shale gas reserves occur throughout the world with a significant number of shale reserves present in Europe. Thus, this increase in shale gas extraction activities is expected to drive the consumption of acrylamide for tracking applications worldwide.
In terms of acrylamide production, Asia Pacific was the major producer of acrylamide followed by North America and Europe. Consumption pattern of acrylamide was similar to the production pattern across the globe. In terms of consumption, Asia Pacific was the major consumer of acrylamide, globally. Asia Pacific was followed by North America, Europe and Rest of the World. North America is one of the major markets for water and wastewater treatment industry and thus is also an important demand destination for acrylamide. The major acrylamide markets in North America were U.S and Canada. Europe has a several regulations pertaining to wastewater treatment and these regulations are expected to be the major driving force for acrylamide in the next few years. In Europe, the major acrylamide consumptions markets were Germany, France, Italy, and U.K amongst others. In Asia Pacific, China accounted for the largest demand for acrylamide followed by India, Japan, and Indonesia etc. There has been a growing demand for acrylamide and its products especially from countries of Asia Pacific such as China and India. With further economic development of these regions is expected to further propel the demand for acrylamide and its derivatives in the near future.
This market intelligence report on the global Acrylamide Market encompasses market segments based on application, end use industry and country.
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In terms of application, the global Acrylamide Market is segregated into:
- Enhanced Oil Recovery
- Pulp and Paper Manufacturing
By end use industry, the global Acrylamide Market is also classified into:
- Water Treatment
- Oil & Gas
- Pulp and Paper
- Food Packaging
By country/region, the global Acrylamide Market has been divided into:
- North America (the U.S., Canada)
- Latin America (Brazil, Mexico, Argentina and other countries)
- Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries)
- Asia Pacific (India, Japan, China, Australia and New Zealand and other countries)
- Middle East and Africa (GCC, South Africa, Israel and Other countries)
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as
- Petro China Daiqing
- Rudong Natian
- Beijing Hengju
- BASF SE
Others players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Acrylamide Market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining he growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2017-2027. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Ø This study offers comprehensive yet detailed analysis of the Acrylamide Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2019 – 2027, taking into account 2018 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said marke
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Acrylamide Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø Leading market players covered this report comprise names such as Kemira, Naico, BASF among others
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Acrylamide Market caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Acrylamide Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
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v Identification of key factors driving investment opportunities in the Acrylamide Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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