Report : India Acrylamide Market Forecast to 2028 - COVID-19 Impact and Analysis by Product Type (Acrylamide Water Solution and Acrylamide Crystals) and Application (Water and Wastewater Treatment, Enhanced Oil Recovery, Cosmetics, Paper Manufacturing, Chemical Intermediates, Textiles, and Others)
Growing Chemicals & Materials Industry Increases Acrylamide Market Growth during 2021–2028
According to our latest market study on "India Acrylamide Market Forecast to 2028 – COVID-19 Impact and Analysis – by Product Type and Application,” the market is expected to grow from US$ 37.94 million in 2021 to US$ 72.49 million by 2028. It is expected to grow at a CAGR of 9.7% from 2021 to 2028. The report highlights key factors driving the market growth and prominent players and their progress in the market.
Acrylamide is a chemical that is mostly used for producing polyacrylamide and acrylamide copolymers that are used in various industrial processes, such as the production of paper, dyes, and plastics, and in the treatment of drinking water and wastewater, including sewage.
The growing personal care & cosmetic industry in India is one of the factors driving the demand for acrylamide in India. The personal care industry in India is rapidly growing due to the rising middle-income population in the country, increasing per capita income, improving living standards, and the increase in the working women population. Acrylamide is being increasingly used in personal care and cosmetic products, including moisturizers, lotions and creams, skin cleansers, sunscreens, makeup products, nail care products, and hair care products. The rising demand for wastewater treatment in the country is also driving the market for acrylamide.
Ashland Global Holding Inc.; SNF; Kemira OYJ; BASF SE; EMCO Dyestuff; Mitsui Chemicals Global, Pvt. Ltd.; Ineos AG; Solvay; Nuoer Group; and Black Rose Industries Ltd.; are among the key players constituting the majority of the Indian acrylamide market share.
Impact of COVID-19 Pandemic on India Acrylamide Market Growth
The COVID-19 pandemic adversely affected the chemicals & materials industry, with the shutdown of manufacturing facilities, challenges in procuring raw materials and components, and restrictions on logistic operations. The disruptions in the supply of raw materials to manufacturers and containment measures hampered acrylamide production, thus having a negative impact on the market. Chemical companies, particularly in Gujarat and Maharashtra, were affected by delayed supplies and increased raw material prices. However, businesses are gaining ground as the governments of India has eased out the previously imposed restrictions Along with this, the continuous investments in water and wastewater treatment and the rise in packaging consumption since the start of COVID-19 have brought promising growth opportunities for the market
The "India Acrylamide Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry, focusing on the India acrylamide market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The India acrylamide market is bifurcated on the basis of product type and application. Based on product type, the market is bifurcated into acrylamide water solution and acrylamide crystals. Based on application, the India acrylamide market is segmented into water and wastewater treatment, enhanced oil recovery, cosmetics, paper manufacturing, chemical intermediates, textiles, and others.
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