Polyacrylamide Market - by Product (Non-ionic [NPAM], Cationic [CPAM], Anionic [APAM]) and Application (Water Treatment, Petroleum, Paper Making), By Region & Global Forecast, 2023 – 2032
Report ID: GMI1891
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Published Date: November 2022
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Report Format: PDF
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Base Year: 2022
Companies covered: 19
Tables & Figures: 197
Countries covered: 20
Pages: 207
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Polyacrylamide Market
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Polyacrylamide Market Size
Polyacrylamide Market size surpassed USD 5.5 billion in 2022 and is expected to expand at more than 6% CAGR from 2023 to 2032.
The emergence of advanced disposal & waste treatment technologies is a leading factor positively influencing the industry landscape. The consistent growth in the world population and the accelerated pace of environmental degradation have made ensuring access to safe and sufficient water supplies increasingly challenging.
The rapid expansion of water treatment facilities focused on speeding up the natural process of purifying water will increase product demand over the coming ten years. The increasing product utilization in water treatment applications across several industrial verticals, including chemicals, dyeing, tanneries, beverages, and municipal wastewater treatment, will create ample opportunities for the polyacrylamide industry.
Rising focus on minimizing the environmental impact to restrain industry progress
The sifting inclination toward bio-based products, owing to the rising environmental concerns and strict regulatory mandates. The production of acrylamides either involves an enzyme conversion process or chemical synthesis. These processes cause significant environmental impact and thus may hamper industry revenue streams. Besides, the fluctuating prices of raw materials and the volatility in crude oil costs will further decelerate business development.
Polyacrylamide Market Analysis
Polyacrylamide market from anionic is slated to cross USD 5 Billion by 2032. Anionic PAM can boost the settling mechanism of inorganic suspended solids in effluent water. This characteristic makes APAM ideal for utilization as a flocculent agent to ease solid-liquid separation in the paper and pulp industry, wastewater and drinking water treatment, aquaculture, and several other industrial applications. Besides, products that employ negatively charged polyacrylamide as their active component have exhibited low toxicity and promising performance in analyses completed to date, further pushing their adoption in the years to come.
Polyacrylamide market from water treatment application crossed USD 2.5 Billion in 2022 and is predicted to depict more than 7.5% CAGR from 2023 to 2032. Water reuse and recycling processes have gained considerable traction over the years due to the worsening drinking water shortages and the growing needs of the global population. The increasing emphasis on reducing the proportion of untreated wastewater to protect humans and the ecosystem from toxic elements found in water and ensure resource availability for all will stimulate overall market statistics.
Asia Pacific polyacrylamide market is projected to reach USD 5.5 billion by 2032. The regional expansion is backed by the rapid surge in fabric production and the flourishing agricultural sector. These scenarios point toward a dramatic rise in demand for water. The growing utilization of polyacrylamides for textile and water treatment applications in the region will spur regional industry statistics.
Polyacrylamide Market Share
Major companies participating in the polyacrylamide market are:
Impact of COVID-19 Pandemic
The COVID-19 pandemic had a varied impact on the polyacrylamide industry. The imposition of stringent lockdown measures caused operational halts across major end-use industries, including textile, mining, and petroleum.
However, on the other hand, the susceptibility of SARS COV 2 virus to disinfection significantly pushed the demand for water treatment during the pandemic. Also, several water treatment authorities worked together with the health department to measure the virus levels in wastewater to mitigate the community spread of the COVID-19 infection. In addition, with the lockdown restrictions nearly waived off across several economies and resumed industrial operations, the industry will recover shortly in the coming years.
The polyacrylamide market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2018 to 2032 for the following segments:
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By Product
By Application
The above information is provided on a regional and country basis for the following: