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 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 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.

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.

Why is acrylamide monomer affecting the biomedical industry?

Health concerns caused by exposure to acrylamide monomer is expected to hinder the market's growth. The emerging application of polyacrylamide in the biomedical industry and the development of bio-based polyacrylamide are expected to offer lucrative opportunities to the market.