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.

What is the future of polyacrylamide in 2022?

Furthermore, developments of polyacrylamide polymers for producing polyacrylamide gel and powder are expected to create new avenues in bio-sciences and pharmaceuticals in the region. Asia Pacific also accounted for a considerable share in 2022.

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.

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 is polyacrylamide production increasing?

Polyacrylamide production will be increased by 20,000 metric tons a year to serve mining customers in Asia Pacific SNF plans to increase its global capacity for powder-grade polyacrylamide by 75,000 metric tons (t) each year by the end of 2020, primarily to meet increased demand for the substance in the recovery of oil from old wells.