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.

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.

What is the value of polyacrylamide market in 2022?

Polyacrylamide Market was valued at US$ 6.33 Bn. in 2022. Polyacrylamide Market size is expected to grow at a CAGR of 7.2% through the forecast period. Polyacrylamide is defined as an organic polymer extracted from the acrylamide subunit.

What are the different types of polyacrylamide market?

Based on Type: the Polyacrylamide Market is segmented into Cationic, Anionic, Non-ionic, and others. The anion segment is a major polyacrylamide market due to its increasing use in oil recovery, papermaking, and wastewater treatment.

Why did polyacrylamide prices rise in H1 2023?

Polyacrylamide prices in Europe stayed on an inclining trajectory in H1 2023. As the demand from water treatment plants was on the rise, the prices increased in the market. For the European market, expensive imports from China hiked the prices further. As polyacrylamide consumption increased across the globe, manufacturers raised their quotations.

What is driving the International polyacrylamide (PAM) market?

Increasing product acceptance in teaching materials and packaging, as well as in the papermaking process, is driving the international Polyacrylamide (PAM) market. The growing demand for Polyacrylamide (PAM) from the petroleum industry to improve oil recovery so future growth of the Polyacrylamide (PAM) market may increase.