Global Acrylamide Market 2025: Opportunity and Demand Analysis, 2019-2025: Global Market Insights Inc. According to new Global Market Insights, Inc, chemical research report Acrylamide Market size is predicted to register high CAGR during the forecast period due to its requirement in water treatment industry. Stringent environmental regulations pertaining to disposal of sewage water may lead to high product demand. It also finds application in oil and gas sector for enhanced oil recovery process which may further boost acrylamide market growth. The product is a water-soluble monomer which is produced industrially by hydration of acrylonitrile. It is used to derive cationic & anionic polyacrylamide which acts as a flocculating and thickening agent. Cationic type derivatives are used in paper making industry and oil and gas recovery systems. Anionic type derivative market share is likely to grow owing to its demand in water treatment and food clarifications applications.
Enhanced oil recovery process is employed for extraction of oil and gas to free trapped hydrocarbon in the reservoir. Derivatives of acrylamide finds application in this process owing to its high viscosity and high molecular weight. Chemical enhanced oil recovery market is likely to surpass USD 890 million by 2020 and would positively impact acrylamide market size. The derived products are used in waste and sewage water treatments owing to its high exclusion efficiency. It works on the principle of coagulation process where the impurities quickly settle down after forming heavy aggregate with the product. It is used as a conditioning agent and allow more concentrated sludge than its inorganic counterparts and thereby finding preference over inorganic coagulants. The product can also be used for potable water treatment when usage quantity is regulated. Global water treatment market size is likely to surpass USD 85 billion by 2027 which may drive up acrylamide market size. The product finds application in mining and construction industry in form of a polymer gel as a grouting agent. It helps to restrict water flow in a structure and stabilize dams, tunnels and mineshafts. It is also used as flocculant for separate solids from solution of water. Global construction market is expected to surpass USD 20 trillion by 2021 and would lead to positive influence on acrylamide market share in the forecasted time frame.
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Downstream application of acrylamide derivatives find application in agriculture owing to their property to absorb water. The product is used for bone cement binding and a medium for crops grown hydroponically. This is a conventional horticulture process which allows the crop to grow at consistently and faster than conventional process. The product when used in irrigation along with water sprinkler system prevents soil erosion. Hydroponics market size is likely to surpass USD 15 billion by 2025 thus stimulate acrylamide market value in the forecast timeframe. U.S. government has regulated acrylamide as an extremely hazardous substance. The product when touched to skin will cause irritation and may initiate tumor leading to skin cancer which may affect industry profitability. Other symptoms include dermatitis and peripheral neuropathy. IRAC has classified the product to be Group 2A carcinogen thereby precautionary measures are required to be followed while handling the product. North America led by Mexico, Canada and the U.S. acrylamide market size should witness a significant growth during forecast period owing to growth in oil and gas sector. Planned investment of over 70 billion for shale exploration in the U.S. may have a positive impact on product demand owing to its extensive usage in oil & gas sector. The product is also used in hydraulic fracturing, which is the technology used for shale exploration, thereby positively stimulating acrylamide market size. Global acrylamide market share is fragmented with major player includes SNF, Kemira, INEOS, Petro China Daiqing, Rudong Natian, Nalco, Beijing Hengju., and BASF SE. The business is globalized and the manufacturers are located closer to consumption site to optimize cost, efficiency and downstream integration. SNF from France is the largest producer followed by Beijing Hengju, Petro China Daiqing, and Rudong Natian which all are from China. Browse Full Report @ https://bit.ly/32zw2bG Market research reports: Key analytical components
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