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.

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.

What are the growth opportunities for the polyacrylamide industry?

The increasing product utilization in water treatment applications across several industrial verticals, including chemicals, dyeing, tanneries, beverages, and municipal wastewater treatment, will create ample opportunities for the polyacrylamide industry. What are the growth opportunities in this market?

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.

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 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.