What drives the demand for polyacrylamide in water purification?

Increasing penetration of the product in water purification activities as a flocculating agent is expected to propel the demand for polyacrylamide. The market is highly influenced by the availability of raw material and fluctuating price trends.

What is the demand for polyacrylamide in water treatment applications?

Polyacrylamide demand in water treatment applications dominated the market with a revenue share of more than 38.0% in 2022. The rising demand for polyacrylamide to treat municipal sewage, industrial wastewater, and drinking water purification plants is expected to propel demand.

What is the global polyacrylamide market size?

The global polyacrylamide market size was estimated at USD 5.5 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030.

How to reduce polyacrylamide cost in 2022?

The manufacturers are likely to improve product quality and invest more in R&D to reduce the overall polyacrylamide cost to tap the growing demands. Anionic and cationic polyacrylamide polymers were the dominant product segments, accounting for more than 78.0% of the overall demand in 2022.

Why should manufacturers invest in polyacrylamide products?

The major manufacturers, such as SNF and BASF, have brand values and strategic partners, which enable easy marketing of their products. The manufacturers are likely to improve product quality and invest more in R&D to reduce the overall polyacrylamide cost to tap the growing demands.

Why are polyacrylamide prices rising?

The prices of polyacrylamide are likely to grow over the forecast period owing to rising crude oil prices, which are further impacting the acrylamide, acrylic acid, and acrylonitrile prices. As a result, the market players are likely to integrate the value chain to reduce their dependency on the raw material supplier and increase profit margins.