is a compound which is prepared by the hydrolysis of acrylonitrile. As on date, close to 90% of all the acrylamide that is produced is used for the production of polyacrylamide. Acrylamide is also produced when foods containing carbohydrates are cooked. The compound has also been found to be highly absorbent as a result of which it has been used in baby diapers. There is one application of the compound however that is creating a huge demand for the compound and this will continue till well beyond the forecast period. Water treatment or specifically the treatment of sewage water has been gaining prominence over the last couple of years. Numerous governments around the world are looking at water treatment as a prime priority for their respective governments. Considerable amount of R&D has already taken place for water treatment and the awareness for the need for the same is high. In this respect, acrylamide is a key constituent which is required for the treatment of water and will be in high demand for at least a decade.
In terms of regional consumption, the APAC region accounts for the highest consumption of acrylamide. Within the APAC region, China is the largest contributor to the market in terms of consumption and may account for as much as 40 % of the global consumption as of 2015. The Asian region has been seeing a high consumption of acrylamide primarily for water treatment projects. A number of projects have been ongoing since 2003 in China, Malaysia and Japan. The middle east is a relatively new region that’s been contributing to the market. As is the case with many of the other regions, water treatment is the primary contributor to the acrylamide market followed by petroleum production. Petroleum production through oil recovery has seen considerable coverage over the years in the APAC region as well and could be the next highest contributor to the acrylamide market towards the end of the forecast period.
The healthcare segment is another interesting segment that is expected to add to the contribution of the acrylamide market
in North America and in Europe. There are certain challenges to the growth of acrylamide. One such challenge is that the exposure of certain cooked foods releases acrylamide which has a health risk.
In terms of Acrylamide by end-user, the market has been divided into the following Cosmetics, Food packaging, Paper and Pulp, Water Treatment, Oil and gas and Others. The Acrylamide market has also been segmented by the following trade Import and Export. The Acrylamide market has also been segmented by the following geographies Americas, APAC, Europe, ROW
Following are just a few of the companies that are operating in the Acrylamide market:
- Ashland Inc.
- Cytec Industries Incorporated
- Mitsui Chemicals
- National Aluminium Company Limited
- The Dow Chemical Company