Polyacrylamide market size to exceed $8 billion by 2026

According to a new research report by Global Market Insights, Inc., the polyacrylamide market size is likely to exceed $8 billion by 2026. Increasing application of polyacrylamide (PAM) as a flocculent and coagulant in sectors such as water treatment, petroleum, paper making, chemical, textiles, etc. will augment the market growth over the forecast timeframe.
 

Growing demand for water treatment plants to propel the industry growth

High molecular weight and ready solubility in water of PAM will play an important factor in the industry, as a suitable colloidal separator for various organic and inorganic solutions. Increasing demand for cleaner and processed water for households and industries will support the polyacrylamide market growth.

 

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Browse key industry insights spread across 161 pages with 158 market data tables & 35 figures & charts from the report, “Polyacrylamide Market By Product (Non-ionic [NPAM], Cationic [CPAM], Anionic [APAM]), By Application (Water Treatment, Petroleum, Paper Making), Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/polyacrylamide-market
 

The global market will observe a restraint regarding the fluctuating nature of the petroleum sector. Such fluctuation may affect the production of acrylamide, the main raw material for PAM and conversely the price of polyacrylamide for end user industries. For instance, in April 2019, Solenis announced an increase in polyacrylamide prices owing to the steep increase of key feedstock material costs. Apart from that, the health concerns regarding the effects of acrylamide as a carcinogen will affect the product’s end use in food-grade paper packaging. However, the use of polyacrylamide in applications such as water treatment will aggregate the growth of polyacrylamide market over the forecast period.
 

Growing PAM use in enhanced oil recovery

In petroleum industry, polyacrylamide use is growing as a suitable polymer for flooding in EOR (oil recovery operations). EOR is a process used to increase the amount of oil recovered during the productive life of an oil reservoir, by injecting a substance into an existing oil well, to raise pressure and lessen the viscosity of the oil. polyacrylamide is used as a part of chemical flooding, where its long chain molecules increase the effectiveness of waterfloods, resulting in a greater output. EOR is increasingly used in shale oil extraction in North America. It has a larger potential in Asia Pacific and Africa over the forecast period. With growth of EOR in petroleum sector, the demand for the polyacrylamide is expected to grow over the forecast period.
 

Expanding shale oil production will drive the market growth in North America

Polyacrylamide market will anticipate a considerable demand in North America, with the region taking share of over 25% in the overall market. The regional growth will by the continuous shell oil exploration in North America. However, the sector is expected to experience hold in production as self-restraint from the producer’s end, mainly due to the slide in energy prices. Nevertheless, these developments are expected to be temporary, and shell oil production is expected to normalize in near future.
 

Highly competitive market with small and large scale suppliers in the value chain

Polyacrylamide market is highly competitive with various small- and large-scale suppliers operating in the value chain. Some of the key players include BASF, Envitech Chemical Specialities Pvt. Ltd, Kemira, Shuiheng Chemicals, Shandong Polymer Biochemicals Co. Ltd, Solvay, King Union Group, SNF Floerger Group, Solenis, Yixing Bluwat Chemicals, Anhui Jucheng Fine Chemicals, Mitsubishi Rayon Co Ltd., Xitao Polymer Co Ltd, and PetroChina Company. In the polyacrylamide industry, backward integration by few players has enhanced their position as a major raw material supplier to other low volume producers, especially in North America and Asia Pacific.
 

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