Global Polyacrylamide Market Size 2024, Forecast To 2033
11 Mar, 2024
The polyacrylamide market has demonstrated robust growth, ascending from $5.32 billion in 2023 to $5.81 billion in 2024, with a compound annual growth rate (CAGR) of 9.2%. The growth during the historic period is attributed to the increasing applications of polyacrylamide, the growth of the pulp and paper industry, strong economic expansion, the demand for polyacrylamide in oil recovery, and government regulations for wastewater treatment. Moving forward, the market is expected to sustain strong growth, reaching $8.22 billion by 2028, with a CAGR of 9.1%. This growth is linked to increasing demand for wastewater treatment, rapid industrialization, the growing oil & gas industry in Asia Pacific, and the development of bio-based polyacrylamide. Key trends in the forecast period encompass technological advancements, demand in mining operations, production capacity expansion, safe environment sensors, and strategic partnerships.
Global Polyacrylamide Market Key Driver
The escalating need for wastewater treatment is anticipated to drive the growth of the polyacrylamide market in the coming years. Wastewater treatment, a critical process for removing pollutants, utilizes polyacrylamide and its co-polymers as flocculants or coagulants. According to the United Nations University Institute for Water, Environment, and Health, about 52% of wastewater is treated globally, and by 2040, global demand could exceed supply by 50%. In India, the wastewater treatment plants market is expected to reach $4.3 billion by 2025, as reported by NITI Aayog. The market sizes for 2023, 2024, and 2028 are expected to mirror the increasing demand for polyacrylamide materials driven by the growing need for wastewater treatment.
Get A Free Sample Of The Global Polyacrylamide Market ReportGlobal Polyacrylamide Market Segments
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
By Geography:The regions covered in the polyacrylamide market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Asia-Pacific was the largest region in the polyacrylamide market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the polyacrylamide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Polyacrylamide Industry Players
Ashland Inc., BASF SE, SNF Floerger Group, Kemira, Solvay, Petro China, Bluwat Chemicals, Black Rose Industries Ltd, Anhui Jucheng Fine Chemicals Co. Ltd, Xitao Polymer Co Ltd, Feymer, Ningxia Yongruida Carbon Co.Ltd, Merck, China National Petroleum Corporation, Beijing Hengju Oilfield Chemical Agent Co. Ltd., Anhui Tiarun Chemical, Daqing Petrochemical Company, Shandong Polymer Bio-chemicals Co. Ltd, Kasakrom, Cemotech, Chevron Philips, Eastman Chemical Company, Dupont, Exxon Mobil, Huntsman, INEOS Group, Lyondellbasell, Smolecule, Sigma Aldrich, Alfa Aesar, Otava Chemicals, Thermo Fisher Chemicals, MK Chemicals of Brazil Ltda, AXCHEM Brazil Chemical Industry, SNF Holding Company, Indo Jordan Chemicals Company, GAP Polymers, Ahlia chemicals company, Zamil Plastic Industries Ltd, Northern Vinyl Supplies, Lawsam Chemicals (U) Ltd, AECI Mining chemicals, Protea Chemicals
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Polyacrylamide Market Overview
Polyacrylamide is a synthetic resin produced by polymerizing acrylamide, particularly a water-soluble polymer used to stabilize or form gels, and can be used as a clarifying or thickening agent. Polyacrylamide is used in a variety of applications, the most common of which is the separation of solids and liquids in the industrial and municipal wastewater sectors.
Polyacrylamide Global Market Report 2023 provides data on the global polyacrylamide market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The polyacrylamide market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.