Polyacrylamide Market Research Report - Global Forecast till 2030

Polyacrylamide Market: Information by Product Type (Anionic, Cationic and Non-ionic), Application (Water Treatment, Pulp & Paper, Mineral Processing, Enhanced Oil Recovery and others) and Region (North America, Asia-Pacific, Europe, Latin America, Middle East & Africa) - Forecast till 2030

ID: MRFR/CnM/6438-HCR | September 2022 | Region: Global | 140 Pages         

polyacrylamide market

these trends will result in the market operations reaching a market value that accounts for USD 3.85 billion by the end of the forecast period in 2028

Segmentation

By Product Type Anionic Cationic And Non Ionic) Application (Water Treatment Pulp & Paper Mineral Processing Enhanced Oil Recovery And Others

Key Players

  • SNF and BASF
  • CNPC
  • Dongying Kechuang Biochemical Industrial Co.
  • Ltd.
  • Xitao Polymer Co.
  • Ltd.
  • Black Rose Industries Ltd.
  • Shandong Polymer Biochemicals Co.
  • Ltd.
  • Anhui Tianrun

Drivers

  • The increasing awareness regarding wastewater management and growing need to reduce soil erosion
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Polyacrylamide Market Overview


The polyacrylamide market in the market is expected to attain a CAGR of 6.8% during the ongoing forecast period of 2021-2028. The increased use of polyacrylamide is enhancing and hence, these trends will result in the market operations reaching a market value that accounts for USD 3.85 billion by the end of the forecast period in 2028. The global market was valued at a global figure worth USD 2.58 billion by the end of the historic review period that ended in 2019.


COVID 19 Analysis


The situation of the outbreak of the global pandemic of COVID 19 has affected the normal lives of the common people. The global target audience is witnessing the fight of the world on both the financial front alongside the health front. Owing to the imposition of lockdown situation by the public authorities and global governments, and post the lockdown situation, the economies are being pushed towards recession as revenues are dropped to levels beyond extreme depth. Because of the shutdown of various manufacturing and production units, the polyacrylamide market is witnessing a deep downfall in the market revenues and this is resulting in the market suffering a great amount of loss followed by demand and supply disruption.


It is expected that the polyacrylamide market trends will recover from the losses that have been occurred during the pandemic year of 2020. At the end of the first quarter and the beginning of the second quarter in the global market during the forecasted period, the market has been witnessing growth trends.


Market Dynamics


Drivers


Owing to the increase in demand for the different market products and services in the polyacrylamide market share, the market is on the path of its growth during the forecast period that will be ending in 2028. Another factor that drives the global demand for the polyacrylamide market is the product features and variants like a high-molecular-weight followed by being water-soluble polymer that is produced by polymerization of acrylamide. The produced market products are widely in the form of a thickening agent, binder, and flocculating agent


Opportunities


The increasing demand and a higher degree of ease and convenience offered by the market have excellent opportunities in store for the market during the forecast period that will be ending in 2028. The wastewater & water treatment industry, as a part of the polyacrylamide market size, is expected to grow at a considerable rate in the upcoming years for the forecast period by the industry leaders and market analysts. The main concern for the same is the rising concerns of declining water quality that is a result of rapid industrial growth across various global locations. There is a huge amount of water that is required for sectors like energy, power, industry, and the domestic sectors. Water pollution is a harsh reality because there are vast activities of agriculture run-off, industrial effluents, and domestic sewage.


Technology Analysis


The polyacrylamide market has gained a lot of popularity and momentum during the forecast period that will be ending in 2028. Technological advancements and investments have positive attributes in store for the market. The polyacrylamide market is witnessing a growing global demand for clean water along with the presence of industrial regulations along with the constant availability of stringent environmental norms that have given rise to the prominence of water & wastewater treatment. There has been an increased focus on sewage & industrial wastewater treatment in various countries that are inclusive of the U.S., China, Japan, and India that help in providing a significant opportunity for polyacrylamide market expansion during the period.


Study Objectives



  • The polyacrylamide market report helps in understanding the effects of the pandemic followed by the dynamics that are available to the global market that bring along both positives and negatives for the market during the period that will be ending in 2028.

  • The global market report further understands the factors and basis that will lead to the global market segmentation and further, discuss the potential held by the market segments to produce as per the demanded quantum, maintain a proper supply chain mechanism, and further, enhance the revenue potential of the market during the forecast period.

  • The curated market report further, qualitatively covers the aspects and marketing factors that will give rise to an excellent degree of competition amongst the market players and further, give rise to competitive market developments.


Market Segmentation


The polyacrylamide market in the global market has been divided based on the following basis:


Based on outlook


The polyacrylamide market includes anionic, cationic, and nonionic outlooks.


Based on applications


The polyacrylamide market share applications are oil, gas, paper making, and water treatment.


Regional Analysis


The polyacrylamide market in the global premises has been divided based on the region. There are 5 mushrooming regions into which the market currently functions. They are the North American region, the Asia-Pacific region, European countries, the Middle East, and Africa region, alongside the Latin America region.


In the North American market, the demand for the market product is dominated by the water treatment application of the polyacrylamide market share. This accounts for over 50% of the overall demand that is held by the market in the region. Stringent regulatory actions and decisions against waste-water disposal techniques, coupled with the rising concerns regarding environmental degradation in the region, are expected to drive water treatment activities in the North American region. This, in turn, is likely to have a positive impact on the industrial growth in this region. Further, the large-scale development of polyacrylamide polymers that help in producing polyacrylamide gel and powder, as market products are likely to create new avenues for the bio-science and pharmaceutical industry that are propelling in the region.


Competitive Landscape


The key markets players are making use of various policies and strategies like innovation in production style, followed by new product launches, collaborations, and other initiatives. All these developments will help in the major market growth by the end of the forecast period in 2028.


The most prominent key market players functional as a part of the polyacrylamide market are as follows:



  • SNF and BASF

  • CNPC

  • Dongying Kechuang Biochemical Industrial Co., Ltd.

  • Xitao Polymer Co., Ltd.

  • Black Rose Industries Ltd.

  • Shandong Polymer Biochemicals Co., Ltd.

  • Anhui Tianrun


Recent Developments



  • The polyacrylamide market revenue for the available market products in Germany was valued at over USD 265 million by the end of the historic forecast period in 2019, and the same is expected to grow at a CAGR of 4.0% by the end of 2028. The country is the largest EU water technology exporter amongst other European countries and depicts positive signs for massive growth by the end of the forecast period in 2028.

  • There has been a huge rise in the availability of investments in water recycling and purification technology in the North American and APAC region that are likely to drive the demand for the new products in water treatment activities during the forecast period ending in 2028.

  • China, as a part of the APAC region, accounts for a major share in the market growth and is expecting to attain a global market CAGR of 7.9% for the ongoing forecast period. The availability of a robust base of pharmaceutical and chemical manufacturing industries in the Chinese and APAC region has resulted in the development of huge volumes of wastewater, which is likely to propel the demand for polyacrylamide in the form of water treatment chemicals during the period that ends in 2028.


Report Overview


The global polyacrylamide market research report covers the valuable marketing and functioning that will have a positive impact on the growth of the market based on the predictions by the industry leaders. The market report helps in discussing the impact of the pandemic on the market operations and how the global audience is reacting to the changing trends that help in shifting the focus to new products and portfolio development. The market report discusses the performance of the market segments followed by the recent developments undertaken by the market players in the global premises during the forecast period.


Intended Audience



  • Consultation firms and companies in chemical experts

  • Investors, exporters, and trade experts

  • Government agencies, bodies, and association bodies

  • Industrial bodies

  • Suppliers and market traders

  • Polyacrylamide manufacturers and distributors



Report Scope:

Report Attribute/Metric Details
  Market Size

  • 2022: US4.7 billion
  • 2030: Significant Value
  •   CAGR    6.53%(2022-2030)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered    product type, application, and region.
      Geographies Covered    North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa
      Key Vendors   China National Petroleum Corporation (CNPC) (China), Black Rose Industries Ltd. (India), Dongying Kechuang Biochemical Industrial Co., Ltd. (China), BASF SE (Germany), Kemira OYJ (Finland), SNF Group (France), Anhui Jucheng Fine Chemicals Co., Ltd (China), Daqing Zhonglan Petrochemical Co Ltd (China), Ashland (US), PetroChina Company Limited (China), ZL Petrochemicals Co., Ltd (China), The Dow Chemical Company (US), Beijing Hengju Chemical Group Corporation (China), and Xitao Polymer Co. Ltd. (China)
      Key Market Opportunities   The increase in the demand for enhanced oil recovery coupled with rapid urbanization and growing population is expected to boost the market
      Key Market Drivers   The increasing awareness regarding wastewater management and growing need to reduce soil erosion.


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    Frequently Asked Questions (FAQ) :

    The polyacrylamide market in the global premises is expected to grow at a global CAGR of 6.8% during the forecast period.

    The polyacrylamide market in the global market premises is expected to reach a final market value that amounts to USD 3.85 billion by the end of the forecast period in 2028.

    Anionic segment by product type accounts for the largest share in the largest share in the Global Polyacrylamide Market.

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

    The North American region is expected to hold the largest polyacrylamide market share during the forecast period that will be ending in 2028.