Polyacrylamide Market are Expected to Register the Highest CAGRs Over 2024 :

Market Summary

The global demand for polyacrylamide stood at USD 2.58 billion in 2019, and the market is poised to exhibit a CAGR of over 6.8% during the forecast period. The growth of the market is driven by the increasing demand for the product in the wastewater treatment industry due to the growing regulations regarding treated water and recycling of wastewater from the chemical, pharmaceutical, and other industries. Additionally, the growing demand for oil and natural gas is expected to increase the application of polyacrylamide in the oil recovery process and boost the growth of the global market during the forecast period.

Segment Analysis

The global polyacrylamide market has been segmented by product type and application.

Based on product type, the polyacrylamide market has been segmented into anionic, cationic, and non-ionic. The anionic segment held a share of over 47% of the global polyacrylamide market in 2018 and is expected to follow the same trend during the forecast period. Anionic polyacrylamide flocculants are food grade, widely used in wineries, ethanol plants, meat processing, and sugar mills. Anionic polyacrylamide could be used both as an industrial grade and as a food grade. However, cationic polyacrylamide has high dehydration rate, which allows it to be used in water treatment along with inorganic coagulant in monosodium glutamate, alcohol, beverage, and sugar factories, as well as tanneries, dyeing, tanneries, and other fields. Cationic polyacrylamide is also used as an additive in the paper and pulp industry.

By application, the market has been segmented into water treatment, pulp & paper, mineral processing, enhanced oil recovery, and others. The PAM finds wide application in the water treatment industry followed by enhanced oil recovery, mineral processing, and pulp & paper. The wastewater treatment segment is expected to hold a share of over 37% during the forecast period. The growing demand for polyacrylamide in the oil and gas industry is expected to boost the growth of the market owing to its application in enhanced oil recovery, solid and liquid separation, and mud drilling activities. In mineral processing, polyacrylamide is used for clarification of fine coal slurry into vessels, while enhancing the solid and liquid separation of the tailings. Furthermore, in the pulp and paper industry, polyacrylamide is used as a dry strength agent to filter aid, and as a retention agent. This property of the polyacrylamide helps to improve the paper quality while enhancing the physical strength of paper coupled with the reduction in fiber loss. Owing to these factors, the polyacrylamide market is expected to propel during the forecast period.

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Competitive Analysis

The key players operating in the global polyacrylamide market include Black Rose Industries Ltd (India), China National Petroleum Corporation (CNPC) (China), BASF SE (Germany), Dongying Kechuang Biochemical Industrial Co., Ltd (China), Kemira OYJ (Finland), Anhui Jucheng Fine Chemicals Co., Ltd (China), SNF Group (France), Daqing Zhonglan Petrochemical Co Ltd (China), PetroChina Company Limited (China), Ashland (US), ZL Petrochemicals Co., Ltd (China), Beijing Hengju Chemical Group Corporation (China), Xitao Polymer Co. Ltd (China), The Dow Chemical Company (US).