Global Polyacrylamide Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

Global Polyacrylamide Market Introduction: 

“The global Polyacrylamide Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Polyacrylamide is made up of acrylamide subunits is a polymer, widely used in papermaking and wastewater treatment. Polyacrylamide is widely used in wastewater management. Rising environmental concerns regarding wastewater from pharmaceutical, chemical, and other industries increase the usage of polyacrylamide.

Market Dynamics: 

Growing demand for polyacrylamide in various applications such as wastewater treatment, paper manufacturing, oil recovery, food & beverage, and others is expected to drive revenue growth of the polyacrylamide market over the forecast period. Moreover, the rising demand for crude oil across the globe, coupled with growing awareness regarding wastewater treatment is expected to support the revenue growth of the target market.

However, fluctuating raw material prices is expected to restrain revenue growth of target market over the forecast period.

Type Insights:

Anionic polyacrylamide is widely used in water treatment application. Rising demand for wastewater treatment in various industries owing to stringent regulations is expected to drive revenue growth of this segment over the forecast period. Growing demand for anionic polyacrylamide in applications such as food & beverage, coal mining, pulp and paper industry, and oil & gas industries is expected to support revenue growth of this segment.

Application Insights:

On the basis of application, the water treatment segment is expected to account major revenue share in the global polyacrylamide market. Growing demand for polyacrylamide for treatment of industrial and municipal sewage is a major factor expected to drive revenue growth of this segment over the forecast period.

Regional Insights:

North America market is expected to account significant revenue share in the global polyacrylamide market. Rising environmental concerns towards disposal of wastewater is expected to drive revenue growth of target market in North America.

Moreover, the increasing number initiatives from government and public bodies towards wastewater treatment in the countries such as the US and Canada is expected to support revenue growth of North America polyacrylamide market over the forecast period. North America accounts for the major revenue share of the global polyacrylamide market, followed by markets in the Asia Pacific, Europe, Latin America, and Middle East & Africa.

The polyacrylamide market in the Asia Pacific is expected to grow at a steady growth rate over the forecast period. The rising number of pharmaceutical and chemical industries in the region and stringent government regulations related to the disposal of wastewater from these industries is expected to drive revenue growth of polyacrylamide market in the Asia Pacific.

Market Segmentation and Key Players Operating in the Global Polyacrylamide Market:

By Type:

• Anionic
• Cationic
• Non-ionic

By Application:

• Water Treatment
• Oil & Gas Extraction
• Paper & Pulp
• Mineral Processing
• Others (paints & coatings, agriculture, textiles, and food)

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa