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Description
North America acrylamide market size was valued at USD 948.68 million in 2021 and is expected to grow at a CAGR of 6.3% from 2022 to 2028. The global market provides a detailed overview of the North America acrylamide market and which can be segmented by trade type, form type, application, and country. By trade type, the North America acrylamide market has been segmented into import, and export. By trade type, the export segment held the largest revenue share of North America acrylamide and is expected to have the fastest growth rate over the forecasted period due to increasing export trade globally owing to continuously increasing income in various countries. By form type, the North America acrylamide market has been segmented into powder, emulsion, gels, and others. By form type, the powder segment is anticipated to reach the fastest growth rate over the forecasted period due to the continuously increasing demand for powder-form of products. Based on the application, the segment has been segregated into wastewater treatment, cosmetics, food packaging, paper and textile production, contact lenses, oil and gas, and others. The water and wastewater treatment segment held the largest market share. As, Acrylamide is used as a precursor to polyacrylamide, which is extensively used in the flocculation of solids in water & wastewater treatment. When added to wastewater, it causes suspended particles to aggregate and precipitate. Additionally, in municipal and industrial wastewater treatment, it is used in all liquid-solid separation processes including primary sewage treatment as well as in the treatment of water from mineral mining operations. By country, The U.S.A market for acrylamide is driven by the expanding industrial sector in the region. Also, urban wastewater management has become a supreme priority in North American countries. Also, industrial wastewater management has also become one of the important concerns among regulatory bodies as industrial effluents consist of harmful chemicals, which can lead to health hazards and hamper marine biodiversity which also supports expanding the market globally.
Key Development:
In June 2021, Kemira Oyj has finished setting up its latest state-of-the-art manufacturing facility units for bio-acrylamide monomer and emulsion polymers at its site located in Mobile, Alabama.
In June 2021, Vertellus, a renowned beauty ingredient developer, is all set to carry out the acquisition of IM Chemical. IM Chemicals’ acquisition should help foster Vertellus’ ability to offer advanced specialty products as well as solutions to customers.
