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.

Why did polyacrylamide prices rise in Q2 2024?

During Q2 2024, Polyacrylamide (PAM) pricing in North America demonstrated a significant upward trend, driven by a combination of market dynamics and external factors. The surge in prices was primarily attributed to robust demand from key sectors, including water treatment and enhanced oil recovery (EOR).

Why is the polyacrylamide (PAM) market declining?

North America The Polyacrylamide (PAM) market in North America during the fourth quarter of 2023 witnessed a declining trend, primarily due to reduced demand in key downstream industries such as industrial water treatment and the Oil & Gas Enhanced Oil Recovery (EOR) sector.

Why are polyacrylamide prices rising in Europe?

For the European market, expensive imports from China hiked the prices further. As polyacrylamide consumption increased across the globe, manufacturers raised their quotations. Given the rising inflation rates, the price trends for polyacrylamide are inclined in the domestic market.

Is polyacrylamide toxic?

During production, Acrylamide is always advised to be handled with care due to its high toxic nature, although after polymerization polyacrylamide become non-toxic. When PAM is dissolved in water it forms gel like structure and hence shows flocculant properties.

Why did acrylamide prices rise in Q1?

The quarter was marked by robust demand from key sectors such as water treatment, oil recovery, and paper production, which significantly influenced market dynamics. The steady rise in production costs due to elevated acrylamide prices, compounded by fluctuating crude oil prices, further bolstered the upward pricing trend.