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Polyacrylamide Market Size (2024 - 2029)

The polyacrylamide market is projected to experience growth over the forecast period, driven by its increasing use in the oil and gas sector for enhanced oil recovery and as a flocculant in water treatment processes. Despite challenges posed by health concerns related to acrylamide exposure, the market is expected to recover and expand, particularly with new opportunities in the biomedical field and the development of bio-based alternatives. The Asia-Pacific region is anticipated to maintain its leading position in terms of market share throughout the forecast period.

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Market Size of Polyacrylamide Industry

Polyacrylamide Market Summary
Study Period 2019 - 2029
Market Volume (2024) 2.17 Million tons
Market Volume (2029) 2.84 Million tons
CAGR (2024 - 2029) 5.45 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Polyacrylamide Market Major Players

*Disclaimer: Major Players sorted in no particular order

Polyacrylamide Market Analysis

The Polyacrylamide Market size is estimated at 2.17 Million tons in 2024, and is expected to reach 2.84 Million tons by 2029, growing at a CAGR of 5.45% during the forecast period (2024-2029).

In 2022, the COVID-19 pandemic, on a global scale, forced water treatment, pulp and paper, oil and gas, and mining industries to shut down their operations, lowering the demand for polyacrylamide. The pandemic impacted almost every aspect of these industries, from product demand to workforce development to accelerating or decelerating trends already underway when it struck. Customers and their temporary production stops reduced production levels, and demand reductions significantly impacted production processes. However, the condition is expected to recover, restoring the growth trajectory of the market during the latter half of the forecast period.

  • 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.
  • 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.
  • Asia-Pacific accounted for the highest market share, and the region will likely dominate the market during the forecast period.

Polyacrylamide Industry Segmentation

Polyacrylamide is a water-soluble synthetic linear polymer made of acrylamide or the combination of acrylic acid and acrylamide.

The polyacrylamides market is segmented by physical form (powder, liquid, emulsion/dispersions), application (enhanced oil recovery, flocculants for water treatment, soil conditioner, binders and stabilizers in cosmetics, other applications) (food processing, etc.)), end-user industry (water treatment, oil and gas, pulp and paper, mining, other end-user industries (food, agriculture, cosmetics, etc.)) and geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The report offers market size and forecasts for the Polyacrylamide market in volume (kilotons) for all the above segments.

By Physical Form
Powder
Liquid
Emulsion/Dispersions
By Application
Enhanced Oil Recovery
Flocculants for Water Treatment
Soil Conditioner
Binders and Stabilizers in Cosmetics
Other Applications
By End-user Industry
Water Treatment
Oil and Gas
Pulp and Paper
Mining
Other End-user Industries
By Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Russia
Netherlands
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
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Polyacrylamide Market Size Summary

The polyacrylamide market is poised for significant growth over the forecast period, driven by its increasing application in various industries such as oil and gas, water treatment, and mining. The polymer's ability to enhance oil recovery and act as a flocculant in water treatment processes makes it a valuable resource in these sectors. Despite the initial setbacks caused by the COVID-19 pandemic, which temporarily reduced demand across key industries, the market is expected to recover and continue its upward trajectory. The Asia-Pacific region, particularly China and India, is anticipated to maintain its dominance in the market due to rising water treatment activities and industrial growth. The development of bio-based polyacrylamide and its emerging applications in the biomedical field present additional opportunities for market expansion.

The market landscape is characterized by a high level of consolidation, with major players like SNF Group, BASF SE, Kemira, Solenis, and Solvay holding significant market shares. These companies are actively pursuing strategic initiatives to enhance their market positions, such as Kemira's production of bio-based polyacrylamide and Solenis's acquisition of SCL GmbH to support its global growth plan. The increasing global demand for water treatment solutions, coupled with regulatory pressures and sustainability initiatives, is expected to drive the market forward. As the world grapples with water scarcity and the need for efficient water management solutions, polyacrylamide's role as a cost-effective and efficient flocculant is likely to become even more critical, further bolstering its market prospects.

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Polyacrylamide Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Growing Utilization in the Oil and Gas Industry for Enhanced Oil Recovery

      2. 1.1.2 Increasing Demand for Polyacrylamide as a Flocculant in Water Treatment Industry

    2. 1.2 Market Restraints

      1. 1.2.1 Health Concerns Caused by Exposure to Acrylamide Monomer

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 By Physical Form

      1. 2.1.1 Powder

      2. 2.1.2 Liquid

      3. 2.1.3 Emulsion/Dispersions

    2. 2.2 By Application

      1. 2.2.1 Enhanced Oil Recovery

      2. 2.2.2 Flocculants for Water Treatment

      3. 2.2.3 Soil Conditioner

      4. 2.2.4 Binders and Stabilizers in Cosmetics

      5. 2.2.5 Other Applications

    3. 2.3 By End-user Industry

      1. 2.3.1 Water Treatment

      2. 2.3.2 Oil and Gas

      3. 2.3.3 Pulp and Paper

      4. 2.3.4 Mining

      5. 2.3.5 Other End-user Industries

    4. 2.4 By Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 France

        4. 2.4.3.4 Russia

        5. 2.4.3.5 Netherlands

        6. 2.4.3.6 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of Middle East and Africa

Polyacrylamide Market Size FAQs

The Polyacrylamide Market size is expected to reach 2.17 million tons in 2024 and grow at a CAGR of 5.45% to reach 2.84 million tons by 2029.

In 2024, the Polyacrylamide Market size is expected to reach 2.17 million tons.

Polyacrylamide Market Report Snapshots

Polyacrylamide Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)