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 global polyacrylamide (PAM) market?

Based on the end-use, the global Polyacrylamide (PAM) market is segregated into Water Treatment, Enhance Oil Recovery, Pulp & Paper, Mineral Processing, and Others. Although, Water Treatment is the leading segment of Polyacrylamide market. This segment a market share of approximately 35% 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.

Which region will dominate the polyacrylamide market?

Asia-Pacific accounted for the highest market share, and the region will likely dominate the market during the forecast period. Polyacrylamide is a kind of polymer flocculant that is soluble in water and is produced using acrylamide polymerization.

What will increase the demand for polyacrylamide in North America?

The presence of several numbers of pharmaceutical and chemical industries in China will increase the demand for water treatment chemicals, which will further increase the polyacrylamide market. In North America, strict regulations imposed on the disposal of wastewater from the industries will raise the demand for polyacrylamide.