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 dominated the polyacrylamide market in 2022?

The Asia-Pacific region dominated the polyacrylamide market in 2022 with a considerable volume share, and it is expected to maintain its dominance during the forecast period. In recent years, China has increased the use of treated water to reduce its dependency on fresh water.

What is the growth rate of polyamide market?

PCI expects the global polyamide market to grow by 2.4 percent annually till 2020. market are nylon 6 and nylon 6,6. Global nylon consumption by end-use is shown below in Figure 12. demand to grow at an average annual rate of close to 5% up to 2015. Asia has become the largest nylon 6 consuming region. rate of close to 6% per year up to 2015.

Who are the major players in the polyacrylamide market?

The polyacrylamide market is highly consolidated, with the major players accounting for a major market share. Some of the major players in the market (not in any particular order) include SNF Group, BASF SE, Kemira, Solenis, and Solvay, among others. Need More Details on Market Players and Competitors?

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.

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.