Acrylamide Market 2019 By Industry Growth & Regional Trend To 2025 Acrylamide Market | Page 2

Downstream application of acrylamide derivatives find application in agriculture owing
to their property to absorb water. The product is used for bone cement binding and a
medium for crops grown hydroponically. This is a conventional horticulture process
which allows the crop to grow at consistently and faster than conventional process.
The product when used in irrigation along with water sprinkler system prevents soil
erosion. Hydroponics market size is likely to surpass USD 15 billion by 2025 thus
stimulate acrylamide market value in the forecast timeframe.
U.S. government has regulated acrylamide as an extremely hazardous substance.
The product when touched to skin will cause irritation and may initiate tumor leading
to skin cancer which may affect industry profitability. Other symptoms include
dermatitis and peripheral neuropathy. IRAC has classified the product to be Group 2A
carcinogen thereby precautionary measures are required to be followed while handling
the product.
North America led by Mexico, Canada and the U.S. acrylamide market size should
witness a significant growth during forecast period owing to growth in oil and gas
sector. Planned investment of over 70 billion for shale exploration in the U.S. may
have a positive impact on product demand owing to its extensive usage in oil & gas
sector. The product is also used in hydraulic fracturing, which is the technology used
for shale exploration, thereby positively stimulating acrylamide market size.
Global acrylamide market share is fragmented with major player includes SNF,
Kemira, INEOS, Petro China Daiqing, Rudong Natian, Nalco, Beijing Hengju., and
BASF SE. The business is globalized and the manufacturers are located closer to
consumption site to optimize cost, efficiency and downstream integration. SNF from
France is the largest producer followed by Beijing Hengju, Petro China Daiqing, and
Rudong Natian which all are from China.
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