The global N,N-Methylene bisacrylamide market is anticipated to witness significant development over the next seven years owing to increasing demand from the textile industry. It is a cross-linking agent used in the development of polymers and co-polymers. Superior properties such as stability, versatility, strength, and toughness associated with the usage of this product are anticipated to propel the overall market growth. Growing major end-use applications such as papermaking, automotive, and ore processing industry is projected to fuel the overall market growth over the foreseeable future. Increasing other end-use industrial applications such as food processing & packaging, tertiary oil recovery, and gel electrophoresis is presumed to add to the growing revenue for the market. Growing water treatment and the pharmaceutical industry is expected to increase N,N-Methylene bisacrylamide demand over the forecast period. Emerging new technologies in the manufacturing and development of new end-user applications are expected to have a positive influence on N,N-Methylene bisacrylamide demand over the forecast period. However, fluctuations in crude oil & gas supply and price is projected to hinder the overall market growth. Stringent environmental effects associated with E&P activities may have a negative impact on the overall market growth. Growing renewable sources of energy preference over conventional sources are anticipated to create major challenges for the major industry participants.
The applications sector has been segmented as wastewater treatment, textile, and enhanced oil recovery. Enhanced oil recovery is expected to witness the fastest market growth over the forecast period owing to increasing global E&P activities. Low carbon emissions owing to enhanced oil recovery usage is anticipated to key factor driving the global N,N-Methylene bisacrylamide market growth over the foreseeable future. Wastewater treatment application is presumed to witness significant market growth over the next seven years owing to stringent environmental norms and regulations coupled with increasing consumer awareness regarding proper industrial and domestic wastewater management. Government initiatives are strong and strict in developed economies such as Europe and North America than the emerging countries. The textile industry is presumed to witness significant market growth in the Asia Pacific region over the foreseeable future owing to increasing consumer disposable income and rapid economic developments and further be beneficial for the global market growth.
Asia Pacific N,N-Methylene bisacrylamide market is projected to witness the highest growth over the next seven years owing to increasing automotive, papermaking, textile, and food processing demand. China and Japan are anticipated to witness the fastest growth in the region owing to rapid industrialization. Growing textile industry in India, Bangladesh, Vietnam, Malaysia, Indonesia, and Pakistan is anticipated to drive the overall market growth over the forecast period. Rapid economic developments in these regions are expected to have direct positive impact on the overall N,N-Methylene bisacrylamide market growth. Europe is expected to witness steady market growth owing to increasing demand in the wastewater treatment industry in the region. UK, Germany, and France are anticipated to be the frontrunners in the region owing to increasing consumer awareness regarding industrial wastewater treatment and proper disposable. North America is presumed to witness significant market growth over the foreseeable future owing to increasing enhanced oil recovery demand in the region. The U.S. is expected to be the most dominant country in North America owing to boom in demand for shale gas. This is anticipated to boost enhanced oil recovery demand which in turn is presumed to be beneficial for the regional market growth.
Key industry participants include Alpha Chemika, Otto Chemie Pvt. Ltd., and Beijing Solarbio Science & Technology Co., Ltd. Other market players present include Zibo Xinye Chemical Co., Ltd., Shanghai Ruizheng Chemical Technology Co., Ltd, Alfa Aesar, and Meryer (Shanghai) Chemical Technology Co., Ltd. The industry is moderately fragmented. Large number of small scale industry participants holds a majority share in the overall revenue.
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The global COVID-19 pandemic has led to a sudden pause to manufacturing activities across the globe, affecting the demand for plastics and also production & processing of them. The most critically impacted end-use segments of the plastics industry include automotive & transportation, consumer goods, industrial equipment, construction, and electronics. The report will account for Covid19 as a key market contributor.