Polyacrylamide market is set to exceed USD 10 billion by 2032, according to a new research report by Global Market Insights Inc.
The report cites that the ongoing expansion of the global mining and textile sector will stimulate the demand for polyacrylamide. The textile sector has witnessed remarkable growth in recent years due to emerging fashion trends and consistently rising income levels.
Polyacrylamide is widely used as a fabric treatment agent across the textile industry due to its ability to make the fabric antistatic and flame retardant. Thus, the increasing demand for fabrics and apparel will transform the market dynamics.
Broad application spectrum to augment the demand for cationic polyacrylamides
Polyacrylamide market from cationic polyacrylamides segment is expected to surpass USD 3.5 billion by 2032. Cationic PAM is widely integrated across the waste management industry for sludge dewatering applications in municipal wastewater treatment facilities due to its pollution-free effects, low dosage requirements, and high efficiency. However, the limited awareness about the degradation of polyacrylamides in soils may hamper segmental gains. The increasing usage of positively charged polyacrylamide in food processing and the agricultural sector will offer an anticipated boost to the industry.
Browse key industry insights spread across 207 pages with 160 market data tables & 36 figures & charts from the report, “Polyacrylamide Market Size by Product (Non-ionic [NPAM], Cationic [CPAM], Anionic [APAM]) and Application (Water Treatment, Petroleum, Paper Making), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032” in detail along with the table of contents:
Mounting crude oil demand to increase product adoption in petroleum applications
Petroleum application amassed more than USD 1 Billion in 2022 and is set to observe over 7% CAGR from 2023 to 2032. Polyacrylamides have gained increased cognition as a versatile chemical treatment agent in the petroleum oilfield for improved oil recovery. The surging oil demand and the subsequent investments in oil & gas exploration projects will foster the adoption of polyacrylamides in petroleum applications.
Flouring food industry to create optimistic scenarios for North America business
North America polyacrylamide market was valued at over USD 960 million in 2022 and is poised to record around 5% CAGR through 2032. The demand for treated water has gained significant momentum across the food sector. Contact with untreated water impacts the life of appliances and maximizes the use of chemicals and detergents across the vertical. The burgeoning demand for processed food & beverages in the region will spur regional revenues.
Escalating sustainable moves to boost the competitive landscape
Prominent enterprises participating in the polyacrylamide market are BASF SE, SNF Floerger Group, Kemira Oyj, Solvay, AnhuiJucheng Fine Chemicals Co. Ltd, PetroChina Company Limited, Anhui Tianrun Chemical Co. Ltd, Beijing Hengju Chemical Group Corporation, Jiangsu Feymer Technology, Mitsubishi Rayon Co. Ltd, Shangdong Polymer Biochemicals Co. Ltd., Solenis LLC, Ashland Inc, ZL Petrochemicals Co. Ltd, Yixing Bluwat Chemicals Co. Ltd, King Union Group Corp, Envitech Chemical Specialities Pvt Ltd, Shuiheng Chemical Industry, Xitao Polymer Co. Ltd and others.
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