Polyacrylamide Market Overview: Growth, Trends, Key Insights, and Forecast (2024-2032)

The global polyacrylamide market size was valued at USD 4.76 billion in 2023, and it is projected to grow at a CAGR of 5.25% during the forecast period (2024-2032), reaching USD 7.54 billion by 2032. This growth is driven by the expanding demand for efficient water treatment solutions, increasing use of polyacrylamide in enhanced oil recovery (EOR) processes, and the development of bio-based polyacrylamide products.

Market Dynamics and Drivers

Growing Demand for Water Treatment Solutions
The rising concerns over water pollution, industrial wastewater management, and the global push for sustainable water practices have fueled the demand for polyacrylamide, which is widely used as a flocculant to remove suspended particles and improve water quality. Regulatory pressure to maintain clean water supplies across both developing and developed regions further accelerates market growth.
Expansion of Enhanced Oil Recovery (EOR)
The increased global demand for crude oil, coupled with the need to optimize extraction from aging oil fields, has significantly driven the use of polyacrylamide in EOR applications. Polyacrylamide's ability to create gel-like solutions that aid in oil displacement continues to be a critical aspect of oil recovery strategies worldwide.
Bio-based Polyacrylamide Innovation
As environmental concerns grow, there is a strong shift towards sustainable and eco-friendly alternatives. Bio-based polyacrylamide, produced from renewable sources such as plants and microorganisms, is gaining momentum as it offers a greener option compared to conventional petrochemical-derived products.

Download Free Sample Report with Complimentary Analyst Consultation: https://straitsresearch.com/report/polyacrylamide-market/request-sample

Market Scope and Segmentation

The global polyacrylamide market is segmented based on product type, application, and region:

Product Type:
- Anionic Polyacrylamide
- Cationic Polyacrylamide
- Non-ionic Polyacrylamide
Application:
- Water Treatment
- Enhanced Oil Recovery
- Pulp and Paper
- Mineral Processing
- Others
Regional Analysis:
- North America
- Europe
- Asia-Pacific (APAC)
- Middle East and Africa (MEA)
- Latin America (LATAM)

Market Segmentation: https://straitsresearch.com/report/polyacrylamide-market/segmentation

Regional Market Insights

Asia-Pacific dominates the global polyacrylamide market due to its growing industrial base and increasing urbanization, which lead to a higher demand for water treatment solutions. Countries such as China and India are heavily investing in wastewater treatment infrastructure, further driving market expansion in the region.
North America is expected to exhibit significant growth due to rising environmental concerns and the adoption of stringent wastewater treatment regulations. The U.S. is witnessing increased investment from major players such as SNF Group to expand production capacity, which will benefit the regional market.
Europe is a major consumer of bio-based polyacrylamide due to increasing environmental regulations and a rising preference for sustainable products.

Key Players in the Polyacrylamide Market

The polyacrylamide market is highly competitive, with several key players operating globally:

BASF SE
Kemira Oyj
SNF Group
Ashland Inc.
Shandong Polymer Bio-chemicals Co., Ltd.
Xitao Polymer Co., Ltd.
Dongying Kechuang Biochemical Industrial Co., Ltd.
ZL EOR Chemicals Ltd.
Black Rose Industries Ltd.
Anhui Jucheng Fine Chemical Co., Ltd. (CJCC)

Buy Full Report (Exclusive Insights): https://straitsresearch.com/buy-now/polyacrylamide-market

These companies are focusing on expanding production capacity, advancing bio-based product lines, and strategic partnerships to enhance their market share.

Recent Developments

June 2023: Avient Corporation entered into a strategic partnership with BASF to introduce colored grades of Ultrason high-performance polymers to the international market.
December 2022 : SNF completed the expansion of its ADAM monomer production facility in Georgia, enhancing its capacity to meet growing demand for cationic polyacrylamide.

Polyacrylamide Market Trends

Sustainability Focus : As global industries continue to prioritize environmental sustainability, demand for bio-based polyacrylamide is expected to grow significantly.
Technological Advancements : The development of new polyacrylamide-based products, such as those for use in pharmaceuticals and biotechnological applications, is poised to expand the market further.

About Us

Straits Research is a prominent research and intelligence organization offering comprehensive analytics, advisory services, and business insights through well-curated reports.

Contact Us: