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Acrylamide Market Size
Acrylamide Market will register significant growth between 2024 and 2032 due to increased research efforts aimed at understanding and mitigating its harmful effects. As scientific understanding deepens, there's a growing urgency to reduce acrylamide levels in food and industrial processes.
For instance, in February 2024, the discovery of the gene triggering cold-induced sweetening (CIS) in potatoes became a game-changer for the savory snacks industry. Researchers at Michigan State University successfully identified and suppressed this gene, paving the way for CIS-resistant potato varieties. This breakthrough not only promised to transform the $250bn global savory snack market but also established new food safety standards worldwide. CIS leads to acrylamide formation, a carcinogenic compound generated during high-temperature cooking. With this development, scientists hope to reduce acrylamide quantities and regulate its usage.
This demand is propelled by health concerns and regulatory pressures, spurring innovations in food processing techniques and industrial practices. Consequently, the market witnesses a surge as stakeholders seek safer alternatives and sustainable solutions driven by a collective commitment to public health and environmental stewardship.
The Acrylamide market experiences escalating demand due to heightened testing and research efforts to quantify acrylamide levels in various products. As awareness grows regarding the potential health risks associated with acrylamide consumption, stakeholders increasingly prioritize monitoring and reducing its presence in food and industrial goods. This surge in demand reflects a collective commitment to public health and safety, driving innovation in testing methodologies and mitigation strategies to address acrylamide contamination effectively.
For instance, in September 2023, the Korea Research Institute of Standards and Science (KRISS) made a groundbreaking advancement by creating a Certified Reference Material (CRM) specifically tailored for precise analysis of minimal acrylamide levels in infant formula. This achievement represented a significant breakthrough, as the CRM is uniquely designed to facilitate accurate examination of low-concentration acrylamide within food matrices. Notably, it stands as the world's inaugural CRM aimed at enhancing calibration and ensuring quality control in the analytical process, marking a milestone in acrylamide analysis.
The Acrylamide market faces several constraints despite its widespread use. Regulatory pressures for stricter limits on acrylamide levels in food products pose significant challenges for manufacturers. Additionally, consumer awareness regarding the potential health risks associated with acrylamide consumption leads to a demand for safer alternatives. Technical difficulties in reducing acrylamide formation during food processing also impede market growth. Moreover, the high costs associated with implementing mitigation strategies and the need for continuous research and development further restrain the expansion of the Acrylamide industry.
Acrylamide Market Trends
The Acrylamide industry experiences notable trends driven by the increasing development of biobased products by industry leaders. Companies are investing in research and innovation to create biobased alternatives that reduce or eliminate acrylamide formation during food processing. This trend aligns with growing consumer demand for healthier and more sustainable options. Biobased solutions offer promising avenues for mitigating acrylamide levels while enhancing product quality and safety. As leading companies prioritize biobased innovation, the Acrylamide market is poised for transformative shifts toward more eco-friendly and health-conscious products.
Citing an instance, in February 2022, Kemira initiated operations of its inaugural production line for bio-based polyacrylamide. The company headquartered in Helsinki, Finland, initiated the world's first full-scale production of a newly formulated polymer derived from biobased sources. The company's commitment to sustainability is underscored by this milestone, which marks a significant step towards greening its product range. According to Sampo Lahtinen, Vice President of R&D and Technology for Europe, the journey towards developing sustainable polymer chemistry is both resource-intensive and time-consuming. However, the commencement of commercial volumes signals progress, with initial shipments destined for trials at wastewater treatment facilities operated by the Helsinki Region Environmental Services (HSY).
Acrylamide Market Analysis
Considering the application landscape, the pulp and paper manufacturing segment could hold a substantial share of the acrylamide market through 2032. In papermaking applications, the product is used as a strengthening and dispersing agent to ensure good performance of paper products. Pulp and paper production is increasing due to the rising consumption of packaging products worldwide. The surge in e-commerce and home deliveries during COVID-19 has led to a substantial growth in paper packaging demand. Even after the pandemic, online sales of products and supplies are anticipated to stay high, further fueling this demand.
Global acrylamide industry could record substantial gains from the food packaging sector. With a notable uptick in the consumption of packaged food products, the demand for high-quality packaging materials is also increasing. Moreover, there has been a significant rise in food in the past few years, especially since the outbreak of the COVID-19 pandemic. As a result, many restaurants started home delivery services, further driving food packaging demand, which could remain steady in the coming years as the food delivery trend continues to gain attraction among consumers.
Europe acrylamide market will undergo steady growth between 2024 and 2032. The regional product consumption is influenced by the expansion of oil & gas and water treatment sectors. The commission noted that investments in some Member States are still slightly low to ensure compliance with the Urban Wastewater Treatment Directive (UWWTD). As a result, there could be an increase in government investments in the coming years, benefiting the regional product suppliers.
Acrylamide Market Share
Major companies operating in the acrylamide industry competitive landscape include:
- BASF SE
- INEOS
- SNF
- Petro China Daiqing
- Kemira
- Nalco
- Rudong Natian
- Beijing Hengju
Acrylamide Industry News
In June 2021, Kemira, a chemical company, completed a €70 million (approximately $83.3 million) expansion project at its Mobile, AL facility. This expansion included new production units for emulsion polymers and bioacrylamide. The Senior Vice President of Global Oil & Gas at Kemira emphasized the significance of this expansion, stating it will bolster the company's presence in the energy market in the Americas and support regional growth.