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Polyacrylamide Market Research Report with Global Analysis and Forecast by 2028

09-27-2024 06:45 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Premium Market Insights

The global Polyacrylamide was valued at US$ 4714.79 million in 2022 and is projected to reach US$ 6485.30 million by 2028. It is expected to grow at a CAGR of 5.5 % from 2022 to 2028.

Polyacrylamide is a synthetic polymer obtained by polymerization of acrylamide monomer, and it is majorly used in the flocculation of solid and liquid for wastewater treatment, paper making, and screen printing. Cationic polyacrylamide acquired the major share in the market, owing to its increasing use in various end-use applications such as in building and construction, desalination of water, and cell separation in biotechnological broths. Another major use of polyacrylamide is its derivatives are used in oil recovery and soil conditioning. Polyacrylamide is used in powdered and liquid forms. The exponential increase in population and demand for water purification is projecting the demand for polyacrylamide.

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Analysis of the Top Market Players:

1. SNF
2. Kemira
3. BASF SE
4. Black Rose Industries Ltd.
5. Xitao Polymer Co., Ltd.
6. Dongying Kechuang Biochemical Industrial Co.Ltd.
7. Ashland
8. Mitsui Chemicals, Inc.
9. Anhui Jucheng Fine Chemicals
10. China National Petroleum Corporation

In this report, the market has been segmented on the basis of:

Type (Anionic, Cationic, and Non-Ionic)
Form (Powdered and Liquid)
End-Use (Water and Wastewater Treatment, Industrial Wastewater, Pulp and Paper Manufacturing, Oil and Gas, Mining Industry, and Others)

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Further, the wastewater and water treatment industry will increase the demand for polyacrylamide during the forecast period, with a projection in need for water purification. Stricter regulatory measures on wastewater treatment are expected to increase water treatment activities in the region along with growing environmental concerns in North America and Europe, which in turn is positively impacting the industry growth. In addition, developing polyacrylamide polymers to produce polyacrylamide gels and powders is expected to open new applications for the region's life sciences and pharmaceutical industries.

Based on type, the polyacrylamide market is segmented into cationic, anionic, and non-ionic. The anionic segment dominanted the market due to its growing application in petroleum production, paper production, and wastewater treatment industry. The main cause of this increase is the properties of the anion, which is due to the high molecular weight and high degree of polymerization. In addition, it exhibits flexibility such as shear property, cohesion, dispersibility, thickening property and strength reduction. It is also economically viable, which makes it particularly popular in its field.

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