Polyacrylamide Market is predicted to reach USD 8.59 billion at a CAGR of 6.01% during the forecast period

Pune, India, March 2023, MRFR Press Release/Market Research Future has published a Cooked Research Report on the Global Polyacrylamide Market.

Polyacrylamide Market Synopsis

The Polyacrylamide market is projected to register healthy growth during the forecast period, 2022–2030. The market was valued at USD 5.01 billion in 2021 and is projected to register a CAGR of 6.01% to reach USD 8.60 billion by the end of 2030.

Polyacrylamide is a white, solid, water-soluble polymer of acrylamide, used in secondary oil recovery, as a thickening agent, a flocculant, and an absorbent, and to separate macromolecules of different molecular weights. Rise is witnessed in the investment of the water treatment sector which has further fueled the global Polyacrylamide Market. Additionally, the increase of polyacrylamides as an additive in construction & building, cell separation in biotechnological broths, and color removal has created a potential for the market.

The prominent factor driving the growth of the global Polyacrylamide market is increasing investments in wastewater treatment. Fresh water is an essential resource for human survival, used across multiple household amenities, agricultural & industrial activities, and others. Depleting water resources along with increasing global population are a huge threat for life on Earth. Furthermore, the per capita water availability has declined significantly in the past decade. Renewability of a water source is established on the basis of water cycle, i.e. groundwater, ponds, rivers, and lakes that can be refilled by the natural water cycle are considered to be renewable. Whereas, groundwater bodies are considered to be non-renewable due to the negligible replenishment rate. Furthermore, increasing temperatures along with reduced rainfall have led to the drying of river beds and lakes causing water scarcity. 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.

Growing mining activities is another key driver for polyacrylamide for augmenting the global polyacrylamide market. Polyacrylamide is used as a flocculating agent to treat wastewater generated during mining activities. The expansion in the mining sector is expected to propel the demand for polyacrylamide. Polyacrylamide is widely used in mining processing and in the treatment of minerals to separate mineral and mineral ore. It is also used as a flocculant in the treatment of wastewater from mineral processing that is formed by the mining channels during the mining process.

Competitive Landscape

Many regional and local vendors characterize the Polyacrylamide market. The market is highly competitive, with all the players competing to gain maximum market share. The increasing Polyacrylamide demand in automotive boosting the sales of Polyacrylamide is the key driver of the market. The vendors compete based on cost, product quality, and the availability of the products according to the geographies. The vendors must provide cost-effective and high-quality Polyacrylamide to compete in the market. The competitive scenario is fragmented between the tier-1, tier-2, and tier-3 companies, while tier-1 and tier-2 companies hold over 60% of the global market share. The market players' growth depends on the market and economic conditions, government regulations, and industrial development.

Thus, the players should focus on expanding the production capacity to meet the demand and enhance their services. A BASF SE (Germany), SNF Group (France), China National Petroleum Corporation (China), The Dow Chemical Company (US), PetroChina Company Limited (China), Black Rose Industries Ltd (India), Xitao Polymer Co., Ltd (China), Kemira OYJ (Finland), ZL Petrochemical Co., Ltd (US), and Anhui Jucheng Fine Chemicals Co., Ltd (China) are the major companies in the market at the present that are competing in terms of quality, price, and availability. These players are primarily focusing on the development of Polyacrylamide. Although the international players dominate the market, regional and local players with small market shares also have a moderate presence.

Segmentation

By Product Type

• Anionic: These anionic polyacrylamide polymers are used in applications including wastewater treatment, pulp and paper, aquaculture, coal mining, food and beverage, and oil and gas industries. Moreover, demand for anionic polyacrylamide polymers is high in industrial wastewater and municipal sewage treatment as a flocculating agent. These factors will thrive the product demand in the upcoming years.


• Cationic:Its high demand as retention and drainage aids in paper making, and as flocculants in wastewater treatment. These polymers act as stabilizers for emulsion polymerization in cosmetics. The aforementioned factors are expected to open new avenues for market expansion over the coming years.


• Non-Ionic: Nonionic polyacrylamide Styrenic Polymers are mostly used for coal washing. The increasing coal washing activities and rising demand of coal production in the developing countries is expected to increase the demand of polyacrylamide polymers. The development of a wide range of mobile and modular coal washing plants for the preparation and separation of distinct coal grades and the recovery of fine coal particles and their treatment is the key factor for the growth of nonionic polyacrylamide across the globe.

By Application

• Water treatment: 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 statistic.


• Pulp and paper: It acts as the dispersing agent and helps in reducing fiber flocculation to improve the paper formation process. Large scale manufacturing of paper for various applications, including educational material and packaging, coupled with increasing adoption of the product in the pulp and paper manufacturing process, is expected to drive the industry.


• Mineral Processing: Polyacrylamide is considered as an important variable in the mining process, as it effectively separates the solid mineral from the water or solution and improves the drilling efficiency. In addition, the product has demand in the coal manufacturing industry for the coal washing process. Increasing mining activities, coal washing, etc. are expected to drive the market share over the forecast period.


• Enhanced oil recovery: Demand for the product from the oil and gas industry for the enhancement of oil recovery is expected to surge over the forecast period as the product improves the oil recovery efficiency. In addition, it is used in drilling muds and fracturing fluid additives. The use of polyacrylamide can adjust the drilling fluidity, carry shale debris, lubricate the drill bit, and control fluid loss. The aforementioned factors are expected to drive the demand for polyacrylamide in oil and gas applications.


• Others: Other End-use applications segment compromised of textile, beverage, dyeing, tanneries, fertilizer, and many other industries are anticipated to register significant growth over the forecast period. In the textile industry, polyacrylamide flocculent can be used as a sizing agent and finishing agent for fabric post-treatment, which can produce a protective layer of softness, wrinkle resistance and mold resistance.

By Region