The Polyacrylamide by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Polyacrylamide, The polyacrylamide market size has grown strongly in recent years. It will grow from $5.32 billion in 2023 to $5.81 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to rising applications of polyacrylamide, growth of the pulp and paper industry, strong economic growth, demand of polyacrylamide for oil recovery and government regulations for wastewater treatment.
The polyacrylamide market size is expected to see strong growth in the next few years. It will grow to $8.22 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to increasing demand for wastewater treatment, rapid industrialization and growing oil & gas industry in asia pacific, and development of bio-based polyacrylamide. Major trends in the forecast period include technological advancements, demand in mining operations, production capacity expansion, safe environment sensors and strategic partnerships.
The increasing need for wastewater treatment is expected to fuel the growth of the polyacrylamide market over the coming years. Wastewater treatment is the method of removing pollutants from wastewater or sewage and converting them to effluent that can be added to the water supply with minimal environmental effects. Polyacrylamide and its co-polymers are used as flocculants or coagulants in wastewater treatment. For instance, according to a study from the United Nations University Institute for Water, Environment, and Health, about 52% of wastewater is treated worldwide. It is also estimated that by 2040 global demand could exceed supply by 50%. Additionally, NITI Aayog reported that India’s wastewater treatment plants market is expected to reach $ 4.3 billion by 2025 owing to increasing demand for municipal water as well as sewage water treatment plants across the country. Therefore, the increasing need for wastewater treatment is expected to drive the growth of the polyacrylamide materials market.
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The polyacrylamide market covered in this report is segmented –
1) By Product Type: Anionic, Cationic, Nonionic, Others
2) By Physical Form: Powder, Liquid, Emulsion Or Dispersions
3) By End User: Water Treatment, Food And Beverage, Personal Care, Health Care, Others
Production capacity expansions are a key trend gaining popularity in the polyacrylamide market. Manufacturers in the polyacrylamide industry are scaling up their production capacities and expanding their production capabilities to meet increased demand from various sectors such as wastewater treatment, oil and gas, and mining. For instance, in February 2021, SNF Holding Firm, a specialty chemicals company, announced an investment of $300 million in the USA in 2021-2022 to increase powder-grade polyacrylamide production by 30,000 metric tonnes per year and Acrylamide production by 100,000 m.t./yr at its Plaquemine, Louisiana location. SNF is committed to the USA continuing to invest in polyacrylamide to meet expanding demand in municipal and industrial water treatment, oil and gas, mining and construction, paper, agriculture, and personal and home care.
The polyacrylamide market report table of contents includes:
1. Executive Summary
2. Polyacrylamide Market Characteristics
3.Polyacrylamide Market Trends And Strategies
4. Polyacrylamide Market analysis
5.Polyacrylamide Market Size And Growth
6. Polyacrylamide Segmentation
7.Polyacrylamide Regional And Country Analysis
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27.Polyacrylamide Competitive Landscape And Company Profiles
28. Polyacrylamide Key Mergers And Acquisitions
29. Polyacrylamide Future Outlook and Potential Analysis
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