Polyacrylamide Market Research 2024 - Outlook, Overview And Forecast To 2033

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.

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.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=5157&type=smp

Polyacrylamide Market Growth Fueled By Rising Demand For Wastewater Treatment

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.

Competitive Landscape -

Major companies operating in the polyacrylamide market report are 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

Polyacrylamide Market Witnesses Growth Through Production Capacity Expansions

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.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/polyacrylamide-global-market-report

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

Key highlights covered in the report -

1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.