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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
North America Acrylamide Market: By Trade Type, By Application, By Form Type and Region Forecast 2020-2031
North America Acrylamide Market: By Trade Type, By Application, By Form Type and Region Forecast 2020-2031
North America Acrylamide Market size was valued at US$ 948.68 million in 2023 and is expected to grow at a CAGR of 6.3% from 2024 to 2030. The global market provides a detailed overview of the North America acrylamide market 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:
The major factors driving the global acrylamide market include the demand for acrylamide in water & wastewater treatment. Also, rapid industrial development across the globe fuels the demand for the product. Also, industries such as oil & gas, chemicals, pulp & paper, and textiles, among others produce toxic effluents in large quantities, which necessitates water & wastewater treatment Another major driver of the global acrylamide market is its usage in enhanced oil recovery attributed to the rising demand for crude oil products such as gasoline, diesel, jet fuel, and others.
North America is considered to be one of the crucial markets for acrylamide due to rising awareness about enhanced oil recovery from oil industries. U.S. is expected to drive the regional market.
Latin America
Europe
Asia Pacific
Middle East
North America
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Market Size in 2023 |
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The north america acrylamide market size was valued at US$ 948.68 million in 2023
The north america acrylamide market Report data: ( US and Canada)
The north america acrylamide market key players are: AnHui JuCheng Fine Chemicals Co.Ltd Anhui Tianrun Chemicals Ashland BASF SE Beijing Hengju Chemical Group Corporation Dia-Nitrix Co., Ltd. Ecolab Jiangxi Changjiu Agrochemical Co.,Ltd Mitsui Chemical Inc. SNF Group Shandong Dongying Chemicals Co Ltd. Zibo Xinye Chemical Co Ltd
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.