Polyacrylamide Market

Polyacrylamide Market Growth (2023-2028)

The polyacrylamide market is predicted to reach $ 3.63 billion by 2028, with a CAGR of 6.2% between 2023 and 2028.

A polymer that is formed by the synthesis of acrylamide subunits known as polyacrylamide, is widely employed in papermaking and water treatment. Escalating environmental concerns and the augmented need for wastewater management have escalated the call for polyacrylamide. Organic polymer flocculants and coagulants help in the separation of solid or liquid particles suspended in solution in water management. In this case, polyacrylamide is employed as a coagulant to improve the coagulation-flocculation process. Polyacrylamide reduces friction in the cushion drilling technique typically employed for shale gas production. Market expansion can be attributed to the adoption of polyacrylamide in applications such as the treatment of water and improved oil recovery. The abundance of raw materials, scarce labor, and the cost of land, coupled with high consumption in Asia-Pacific, will likely force manufacturers to locate their production plants in this region.

Polyacrylamide Market Trends:

The polyacrylamide market in the United States is predicted to experience significant expansion due to the expansion of the water treatment, papermaking and mining industries. Wastewater treatment regulations and amendments from the U.S. Environmental Protection Agency (EPA) and the Drinking Water Act (SDWA) are supposed to drive the call for water treatment chemicals, which will have a positive impact on the expansion of the industry.

Polyacrylamide Market Drivers:

The worldwide call for polyacrylamide is attributed to the growing awareness of wastewater management and the growing need to reduce soil erosion. The rising call for enhanced oil recovery, along with rapid urbanization and population expansion, is predicted to drive the global polyacrylamide market expansion. Polyacrylamides are employed to treat wastewater from many chemical industries and municipal wastewater treatment, including metallurgy, mineral processing, coal washing, electronics, and the iron and steel industries. Strict government regulations on the use of plastics have escalated the call for polyacrylamide in the paper industry, as well as in the oil and gas industry. Contaminated water resources are one of the main concerns that government and environmental agencies are addressing. The treatment and protection of water and wastewater is closely related to the preservation of the environment and have received more attention from regulatory bodies. Therefore, the escalating use of polyacrylamide as a flocculant in wastewater treatment is subject to considerable expansion during the foreseen period.

Polyacrylamide Market Restraints:

The presence of many Chinese manufacturers, offering their products at relatively lower prices, is predicted to be a major threat to new manufacturers. Consequently, cost competitiveness is likely to be the primary criterion for influencing the buyer's decision over the projected period.

Opportunities in the Polyacrylamide Market:

The escalating adoption of polyacrylamide in industrial wastewater treatment, drilling mud materials, soil erosion control, and enhanced oil recovery agents are supposed to drive the global polyacrylamide market during the outlook period. The expanding worldwide market for water and wastewater treatment is driving the worldwide polyacrylamide market. Awareness of water and wastewater treatment is increasing. Regions like Asia Pacific and the Middle East and Africa are mainly focused on wastewater treatment due to the escalating population in these regions. Market expansion opportunities are associated with the growing call for brackish water treatment units and water desalination.

Challenges in the Polyacrylamide Market:

Due to its negative impact on health and the environment, many government/environmental authorities have imposed certain regulations on its use, which limits the expansion of its market. In addition to that, the volatility of the price of its raw material prevents manufacturers from producing in bulk.

POLYACRYLAMIDE MARKET REPORT COVERAGE:

Polyacrylamide Market Segmentation:

By Product:

• Non-Ionic

• Cationic

• Anionic

• Others

Anionic and cationic polyacrylamide polymers have emerged as the dominant product segments in the market and accounted for more than 75% of total call in 2021. Call for anionic polyacrylamide polymers is high in industrial and municipal wastewater treatments such as flocculant. Escalating discharges of impure water from industries and growing drinking water shortages are supposed to drive the call for polyacrylamide in water treatment applications in the coming years.

By Application:

• Water Treatment

• Petroleum

• Paper Making

• Others

Polyacrylamide revenue in water treatment applications was valued at $ 1.5 billion in 2021 and is predicted to register a CAGR of more than 6.5% between 2021 and 2026. Escalating attention to the treatment industry of water by organizations that positively impact market expansion. Product call from the oil and gas industry for better oil recovery is supposed to increase over the conjecture period as the product improves the efficiency of oil recovery. In addition, it is employed in drilling muds and additives for fracturing fluids.

Polyacrylamide Market Regional Analysis:

The Polyacrylamide Market Report includes the segmentation of Region:

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa 

In North America, the call for the product is dominated by the water treatment application, which represents more than 50% of the total call. Strict regulatory measures against wastewater disposal, along with growing environmental concerns in the region, are predicted to boost water treatment activities in the region, which in turn is likely to have a positive impact on the environment. Also, the development of polyacrylamide polymers for the production of polyacrylamide gel and powder is estimated to create new avenues for the biological and pharmaceutical industry in the region. Germany's polyacrylamide revenue was valued at more than $ 265 million in 2021 and is anticipated to grow at a CAGR of 4.2% between 2021 and 2026. The country is the largest European exporter of water technology to Europe.

Additionally, high investment in water purification and recycling technology in the region is predicted to drive call for the product in the water treatment business during the envisioned period. China accounted for a significant share of the market and is supposed to grow at a CAGR of 7.4% between 2021 and 2026. The strong base of the chemical and pharmaceutical manufacturing industries in the region has generated huge volumes of wastewater, which are predicted to drive call for polyacrylamide as a water treatment chemical during the foreseen period. Additionally, the region is one of the world's leading pulp and paper manufacturing markets and the presence of several major pulp and paper industries, including Shandong Pulp and Paper Co., Ltd. and Universal Pulp & Paper, benefits the expansion of the industry.

Impact of COVID-19 on the Polyacrylamide Market:

The coronavirus pandemic coincided with an industry that was already entering a recession cycle. Adapting to the following normalcy requires management programs that reflect the lessons learned from the first half of 2020. COVID-19 urges petrochemical executives to rethink the future of the business. Decelerating call expansion, rising surpluses, and shrinking stores of value were already present before the pandemic and are only more pronounced. In addition, the industry is facing structural disruptions related to the transition to renewable energy resources and a regenerative or circular economy. Chemical industry executives and financial investors will need to update their management perspectives and agendas to focus on recovery scenarios, regionalized supply chains, and capital productivity. High utilization levels and favorable raw material dynamics ultimately led to a so-called supercycle (a period in which petrochemical margins are higher than usual) from 2016 to 2018. In 2019, significant capacity additions and slower expansion in calls resulted in a decline in the value of the pool industry.

Recent Developments in the Polyacrylamide Market:

• Bio-Rad Laboratories, Inc. announced the launch of its TGX FastCast Acrylamide and TGX Stain-Free FastCast Acrylamide kits, which provide users of hand-poured gels access to Bio-Rad's TGX gel chemistry, which previously only it was available in pre-made-gels.
• Black Rose Industries Ltd has completed the expansion of its acrylamide capacity and commenced commercial production at the expanded facility.

Polyacrylamide Market Key Players:

The value chain of the polyacrylamide market includes raw material manufacturers, such as

• SNF Floerger Group (France)
• Kemira Oyj (Finland)
• BASF SE (Germany)
• Mitsui Chemicals (Japan)
• China National Petroleum Corporation (China)
• Anhui Jucheng Fine Chemicals (China)