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Polyacrylamides Market Size to Reach US$6.355 billion , Globally, By 2030 at CAGR of $ 6.7% billion IndustryARC

May 21, 2024 7:00 PM ET

Polyacrylamides Market Size to Reach US$6.355 billion , Globally, By 2030 at CAGR of $ 6.7% billion IndustryARC

Polyacrylamides Market size is forecast to reach US$6.355 billion by 2030, after growing at a CAGR of 6.7% during 2024-2030 due to increasing consumption from water treatment, oil & gas, personal care & cosmetics, and other industries. Polyacrylamide is used in drilling muds, additives for fracking fluid, and enhances oil recovery. In different applications, polyacrylamide acts as an agent such as drag reduction which is estimated to grow the demand for polyacrylamide. Additionally, polyacrylamide is a polyolefin that is used as flocculants or coagulants for municipal and industrial water treatment. Thus, increasing treatment capacity is also estimated to boost the market size. According to the Ministry of Ecology and Environment, in China capacity of municipal wastewater treatment increased from 50 billion m3 to 53.2 billion m3, while the wastewater treatment rate increased from approximately 95.76% to over 97% between 2024-2030. Hence, such factors are estimated to propel the polyacrylamide market during the forecast period.

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Polyacrylamides Market Current and Future Trends:

Increasing Demand in Water Treatment: Polyacrylamides are extensively used in water treatment processes for municipal and industrial wastewater treatment. With growing concerns over water scarcity and pollution, the demand for polyacrylamides in water treatment applications is expected to continue rising.

Growth in Enhanced Oil Recovery (EOR) Applications: Polyacrylamides play a crucial role in EOR techniques to enhance oil recovery from mature oil fields. As the global energy demand persists, especially with the increasing consumption of fossil fuels, the demand for polyacrylamides in EOR applications is projected to increase.

Expansion in the Mining Industry: Polyacrylamides are utilized in the mining industry for various processes such as solid-liquid separation, flotation, and tailings dewatering. As mining activities expand globally to meet the demand for minerals and metals, the demand for polyacrylamides in mining applications is likely to grow.

Rising Adoption in Agriculture: Polyacrylamides are used in agriculture to improve soil structure, increase water retention, and enhance the efficiency of irrigation. With the need for sustainable agricultural practices and efficient water management techniques, the adoption of polyacrylamides in agriculture is anticipated to increase.

Focus on Biodegradable and Environmentally Friendly Products: There is a growing trend towards the development and adoption of biodegradable and environmentally friendly polyacrylamides. Manufacturers are investing in research and development to create sustainable alternatives that minimize environmental impact and meet regulatory requirements.

Technological Advancements: Continuous advancements in polymer science and technology are leading to the development of new formulations and improved properties of polyacrylamides, catering to diverse application requirements and enhancing their performance.

 

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Polyacrylamides Market Report – Scope:

Market Segmentation Segmentation of the market based on product types, applications, end-users, and regions. This helps in understanding the market landscape and identifying growth opportunities in specific segments.

Competitive Landscape Assessment of key players in the polyacrylamides market, including their market share, product portfolio, strategies, partnerships, mergers, and acquisitions. This section may also include SWOT analysis and profiles of major companies operating in the market.

Regional Analysis Analysis of the polyacrylamides market across various regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. This helps in understanding regional trends, market drivers, and regulatory landscapes impacting market growth.

Application Analysis Detailed analysis of polyacrylamides usage across various applications such as water treatment, petroleum, mining, papermaking, agriculture, and others. This includes market size, growth trends, and key factors driving demand in each application segment.

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The top 10 players in the Polyacrylamides Market industry are:

  1. SNF Group
  2. Kemira
  3. BASF SE
  4. Solenis
  5. Solvay
  6. Ashland
  7. Chinafloc
  8. AnHui JuCheng Fine Chemicals Co. Ltd
  9. Beijing Hengju Chemical Group Corporation
  10. Beijing Xitao Technology Development Co. Ltd among others

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