The global market for the Polyacrylamide is anticipated to develop at a compound annual growth rate (CAGR) of 5.5% throughout the course of the forecast, to reach 6485.30 by 2028.
Major factors expected to drive the polyacrylamide market growth in upcoming years are rising environmental concerns for waste water management, growth in demand for coagulants & flocculants as well as increasing production of shale gas. On the other hand, some of the polyamides hazardous to health that has led the Government of several countries to impose strict regulations concerning the usage of product. This is one of the major restraining factor for polyacrylamide market growth. But development of bio-based acrylamide at cost effective rate is a key opportunity for the manufacturers in market.
The polyacrylamide market has been segmented by different product, application and geography. Further, product segment of the market is bifurcated into non-ionic, cationic, anionic and other polymers. Product segment is led by cationic polyacrylamide as it is widely used water treatment application because of its high molecular weight.
Likewise, application segment of polyacrylamide market is sub-segmented to petroleum, paper making, water treatment and bio-medical industries. However, paper making division of the application segment dominates the polyacrylamide market as it is used as retention aids while manufacturing paper as well as paperboard.
Geographical segment categorizes the market into several key regions covering Europe, Asia Pacific, North America and rest of the world. Asia-Pacific region dominates the market since past few years with highest polyacrylamide market share and is expected to maintain its position with over the forecast spell. One of the major factor driving the market in this region is increasing demand of polyacrylamide for water treatment applications. Moreover, growing population as well as indefinite rainfall patterns in Asia-Pacific region is fueling the demand for water treatment chemicals, thus opening growth opportunities for the market in upcoming years. Another major reason expected to impact the market positively is the extensive usage of polyacrylamide in various industries including petroleum, mining and oilfields. These industries are more in this reason.
Furthermore, North America trailed by Europe mounted as other important markets for polyacrylamide in 2017. However, demand for polyacrylamide in European markets is estimated to dip by xx% by the end of 2025.
The Key players governing the polyacrylamide markets across the globe include BASF SE, Ashland Inc., Anhui Jucheng Fine Chemicals Co. Ltd, Feixiang Group of Companies, Beijing Hengju Chemical, Group of Companies, Kemira, Shadong Polymer Biochemicals Co. Ltd, Feixiang Petro China, The Dow Chemical Company, SNF Group, ZL Petrochemicals and Tianrun Chemicals.
Moreover, BASF as well as China’s Sinopec entered into a joint venture so that they can launch a water treatment & paper chemicals plant in Nanjing, China because quaternized cationic polyacrylamide & cationic monomers are manufactured.
Polyacrylamide Market Scope
|Forecast Unit||Value (USD)|
|Segment Covered||Product, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and South Africa|
|Key Players Profiled||BASF SE, Ashland Inc., Anhui Jucheng Fine Chemicals Co. Ltd, Feixiang Group of Companies, Beijing Hengju Chemical, Group of Companies, Kemira, Shadong Polymer Biochemicals Co. Ltd, Feixiang Petro China, The Dow Chemical Company, SNF Group, ZL Petrochemicals.|
Key segments of the global polyacrylamide market:
- Product segment
- other polymers
- Application Segment
- Paper making
- Water treatment
- Bio-medical industries
- Geographical Segment
- Asia Pacific
- North America
- Rest of the world