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 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 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 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 should manufacturers invest in polyacrylamide products?

The major manufacturers, such as SNF and BASF, have brand values and strategic partners, which enable easy marketing of their products. The manufacturers are likely to improve product quality and invest more in R&D to reduce the overall polyacrylamide cost to tap the growing demands.