What Is The Current and Historic Market Size Analysis Of Polyacrylamide Market?
The polyacrylamide market has seen considerable growth due to a variety of factors.
• In recent years, the polyacrylamide market has seen a significant increase in size. The market is projected to experience growth from a market value of $5.77 billion in 2024 to $6.29 billion in 2025, which represents a compound annual growth rate (CAGR) of 8.9%.
Factors contributing to this growth throughout the historic period include increased usage of polyacrylamide, expansion of the pulp and paper industry, robust economic growth, oil recovery's demand for polyacrylamide, and government norms addressing wastewater treatment.
What are the Market Size and Expected Growth Rates for the Polyacrylamide Market?
The polyacrylamide market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, it's predicted that the polyacrylamide market will experience robust expansion, reaching $9.11 billion by 2029, fueled by a compound annual growth rate (CAGR) of 9.7%.
The anticipated growth during this forecast period can be tied to the escalating demand for wastewater treatment, swift industrial growth, and the expansion of the oil and gas industry in the Asia-Pacific. Also contributing to this growth is the creation of bio-based polyacrylamide. Expected trends during this period include advancements in technology, increased demand in mining operations, expansion of production capacity, the introduction of environmentally safe sensors, and the formation of strategic alliances.
What Are The Essential Drivers Behind The Growth Of The Polyacrylamide Market?
The surging necessity for wastewater purification is anticipated to propel the polyacrylamide market's expansion in the future years. Wastewater treatment involves the process of eliminating impurities from wastewater or sewage and transforming them into effluent that can be reintroduced into the water cycle with limited environmental impacts. Polyacrylamide and its related co-polymers are employed as flocculants or coagulants in such treatment. For instance, a research conducted by the United Nations University Institute for Water, Environment, and Health indicates that around 52% of wastewater undergoes treatment across the globe. It's also speculated that by 2040, worldwide demand might surpass supply by 50%. More so, NITI Aayog predicted that the wastewater treatment plant market in India is set to hit the $4.3 billion mark by 2025 due to rising municipal water demand and sewage water treatment plants across the nation. Hence, the escalating demand for wastewater treatment is likely to stimulate the growth of the polyacrylamide materials market.
How Is The Globa Polyacrylamide Market Divided Into Key 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
Subsegments:
1) By Anionic: Low Molecular Weight Anionic Polyacrylamide, High Molecular Weight Anionic Polyacrylamide
2) By Cationic: Low Molecular Weight Cationic Polyacrylamide, High Molecular Weight Cationic Polyacrylamide
3) By Nonionic: Low Molecular Weight Nonionic Polyacrylamide, High Molecular Weight Nonionic Polyacrylamide
4) By Others: Amphoteric Polyacrylamide, Specialty Polyacrylamide Products
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What Trends Are Reshaping The Polyacrylamide Market?
The trend of expanding production capacity is emerging prominently in the polyacrylamide market. To cater to the growing demand from various sectors including wastewater treatment, oil and gas, and mining, manufacturers in the polyacrylamide sector are increasing their production capacities and enhancing their production abilities. For example, in June 2024, SNF Holding Company Inc, an American chemical firm, along with SNF Australia made an investment of $18 million to enlarge its Lara-based polyacrylamide manufacturing plant, thereby strengthening its global market stance. The enhanced facility manufactures vital polymers like flocculants and coagulants for industries such as oil and gas, mining, and agriculture. Among its clients are Barwon Water and leading companies in the production of drinking water, wastewater treatment, and textile industries.
Who Are the Key Players in the Polyacrylamide Market?
Major companies operating in the polyacrylamide market include:
• Ashland Inc.
• BASF SE
• 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
• 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
• Lawsam Chemicals (U) Ltd
• AECI Mining chemicals
• Protea Chemicals
What are the Regional Insights into the Polyacrylamide Market?
Asia-Pacific was the largest region in the polyacrylamide market in 2024. 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.
