Asia Pacific Acrylamide Market Overview and Growth by 2028

The acrylamide market in Asia Pacific is expected to grow from US$ 2,180.26 million in 2021 to US$ 3,468.52 million by 2028; it is estimated to grow at a CAGR of 6.9% from 2021 to 2028.

According to the Department of Chemicals and Petrochemicals, the chemicals sector in India, which includes fertilizers and pharmaceuticals industries, was valued at US$ 178 billion in 2019, ranking fourth in Asia. The chemicals sector is an important aspect of the region’s industrial and agricultural development, providing raw materials to several industries, such as textiles, paper, paint, soap & detergent, medicines, and agrochemicals. The high demand for chemicals and petrochemicals is one of the primary factors driving the growth of the industry. Acrylamide is an organic and odorless chemical that is available in liquid and crystalline forms. It is soluble in water and various organic solvents. It is a precursor to polyacrylamide that has a wide range of applications as water-soluble thickeners and flocculation agents. Acrylamide is used in a wide range of applications, including enhanced oil recovery, water and wastewater treatment, chemical intermediate, and paints and coatings. The strong government support for the steady development of the chemicals and materials industry is also expected to provide significant growth opportunities for the acrylamide market players in the coming years.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific acrylamide market at a substantial CAGR during the forecast period.

Asia Pacific Acrylamide Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Acrylamide Market Segmentation

The Asia Pacific acrylamide market is segmented on the basis of product type, application, and country. Based on product type, the market is segmented into acrylamide water solution and acrylamide crystals. In 2020, the acrylamide crystals segment held a larger share of the market, and it is also expected to register a higher CAGR during the forecast period. Based on application, the Asia Pacific acrylamide market is segmented into water and wastewater treatment, enhanced oil recovery, cosmetics, paper manufacturing, chemical intermediate, textiles, and others. In 2020, the water and wastewater treatment segment held the largest market share; however, the enhanced oil recovery segment is expected to register the highest CAGR in the market during the forecast period. Similarly, based on country the market is segmented into Australia, China, India, Japan, South Korea, and Rest of Asia Pacific. In 2020, China held the largest share in the market; the market in this country is also expected to grow at the fastest CAGR during the forecast period.

Ashland Global Holding Inc.; SNF; Kemira OYJ; BASF SE; Mitsui Chemicals Global, Pvt. Ltd.; Ineos AG; Solvay; Nuoer group; EMCO Dyestuff; and Black Rose Industries Ltd are among the leading companies in the Asia Pacific acrylamide market

Asia Pacific Acrylamide Report Scope