Report : Asia Pacific Acrylamide Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Acrylamide Water Solution and Acrylamide Crystals) and Application (Water and Wastewater Treatment, Enhanced Oil Recovery, Paper Manufacturing, Cosmetics, Paper Manufacturing, Chemical Intermediates, Textiles, and Others)
Water and Wastewater Treatment segment to dominate the Asia Pacific Acrylamide Market during 2020–2028
According to a new market research study on “Asia Pacific Acrylamide Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type and Application” is expected to reach US$ 3,468.52 million by 2028 from US$ 2,180.26 million in 2021. The market is estimated to grow at a CAGR of 6.9% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific acrylamide market along with the drivers and restraints pertaining to the market growth. Faster growth of the chemicals and materials industry, increased applications in the personal care industry, and raising demand for enhanced oil recovery are the major factor driving the growth of the Asia Pacific acrylamide market. However, health risks associated with exposure to acrylamide hinders the growth of Asia Pacific acrylamide market.
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, acrylamide crystals segment held the largest share in the market and it is also expected to be the fastest growing segment during the forecast period. Based on application, the market is segmented into water and wastewater treatment, enhanced oil recovery, cosmetics, paper manufacturing, chemical intermediate, textiles, and others. In 2020, water and wastewater treatment segment held the largest share in the market, and it is also expected to be the fastest growing segment 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, and it is also expected to be the fastest growing country 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. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Black Rose Industries Ltd has announced the launch of N- Methylol Acrylamide 48% - as downstream product of Acrylamide liquid. Product is available in two grades – regular and low-formaldehyde. Major applications are as monomer in manufacturing of latex binders and of cross-linkable emulsion polymers for many industries.
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