Europe Acrylamide Market

The acrylamide market in Europe is expected to grow from US$ 868.28 million in 2021 to US$ 1,248.04 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2021 to 2028.

Strong economic expansion, rising population, and rapid urbanization have resulted in an exponential rise in drinking water consumption and wastewater generation in Europe. According to the European Environment Agencies, the treatment of urban wastewater is fundamental for public health and environmental protection. Along with this, the increasing development of wastewater treatment facilities is magnifying the demand for acrylamide. The untreated wastewater discharges from cities into water bodies that have contaminated raw water sources, reducing water availability for human use and having negative repercussions on the environment, aquatic life, and on ecology. As a result, urban wastewater management has become a top priority in European countries. Similarly, industrial wastewater management has also become one of the important concerns among regulatory bodies as the industrial effluents comprise harmful chemicals, which can lead to health hazards and hamper marine biodiversity. Acrylamide is used to manufacture acrylamide polymer (polyacrylamide) that is used as a flocculent in wastewater treatment. It coagulates the organic matter, and the coagulated matter can be removed via the process of filtration. Moreover, it removes metallic ions, which are present in their corresponding metal salt solutions, from industrial wastewater. Acrylamide polymer is used in municipal water treatment plants, sewage treatment plants, industrial water treatment units, and reverse-osmosis systems, among others. The increasing focus on municipal and industrial wastewater treatment is driving the demand for acrylamide in Europe. Moreover, the governments are also investing in sewage treatment plants to promote the reuse and recycling of water. The European Investment Bank (EIB), the bank of the European Union, continues to support vital infrastructure in Kosovo by investing US$ 22.20 million in the construction of a new wastewater treatment plant. Such initiatives are likely to offer significant growth prospects for the acrylamide market players to expand their presence across Europe in the coming years.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe acrylamide market at a substantial CAGR during the forecast period.

Europe Acrylamide Market Revenue and Forecast to 2028 (US$ Million)

  

Europe Acrylamide Market Segmentation

The Europe 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, the acrylamide crystals segment held a larger share of the market, and it is also expected to register a higher CAGR during the forecast period. Based on application, the Europe acrylamide market is segmented into water and wastewater treatment, enhanced oil recovery, cosmetics, paper manufacturing, chemical intermediate, textiles, and others. In 2020, the water and wastewater treatment segment held the largest market share; however, the enhanced oil recovery segment is expected to register the highest CAGR in the market during the forecast period. Similarly, based on country the market is segmented into Germany, France, Italy, the U.K., Russia, and Rest of Europe. In 2020, Germany held the largest share in the market, and the U.K. is expected to register the highest CAGR in the market during the forecast period.

Ashland Global Holding Inc.; SNF; Kemira OYJ; BASF SE; Mitsui Chemicals Global, Pvt. Ltd.; Ineos AG; Solvay; and Nuoer group are among the leading companies in the Europe acrylamide market.