How is the global polyacrylamide market segmented?

Global Polyacrylamide Market is segmented based on type, application, and region. Based on the type, the market is categorized into anionic, cationic, and others. Based on the application, the market is fragmented into water treatment, oil & gas, pulp & paper production, and others.

How big is the polyacrylamide market?

The polyacrylamide market size has grown strongly in recent years. It will grow from $5.32 billion in 2023 to $5.81 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%.

Who are the key players in the global polyacrylamide market?

Some of the most notable players and manufacturers covered in the business intelligence report on the global polyacrylamide market include PetroChina Company Ltd., BASF, Xitao Polymer Co Ltd., Kemira, Mitsubishi Rayon Co Ltd., Anhui Jucheng Fine Chemicals Co. Ltd., and SNF Floerger Group, among others.

Which region dominated the polyacrylamide market in 2022?

The Asia-Pacific region dominated the polyacrylamide market in 2022 with a considerable volume share, and it is expected to maintain its dominance during the forecast period. In recent years, China has increased the use of treated water to reduce its dependency on fresh water.

Where does BASF manufacture polyacrylamide powder?

In April 2019, BASF successfully ramped up commercial production of its new production line for polyacrylamide powder at its wholly owned site in Nanjing, China. Global Polyacrylamide Market is segmented based on type, application, and region. Based on the type, the market is categorized into anionic, cationic, and others.

What are the key factors affecting acrylamide market growth?

In the medium term, the growing utilization in the oil and gas industry for enhanced oil recovery and the increasing need for polyacrylamide as a flocculant in the water treatment industry are expected to drive demand. Health concerns caused by exposure to acrylamide monomer is expected to hinder the market's growth.