Polyacrylamide Market Size, Share, Growth Report 2030

Posted 2024-05-30 09:39:58

Polyacrylamide Market

The global polyacrylamide market is expected to grow from its estimated USD 5.39 billion in 2022 to USD 10.23 billion by the end of 2030, according to a report released by Zion Market Research. Over the course of the projection period, the market is anticipated to expand at a CAGR of 8.34%. The growth factors, barriers, and effects on demand for the worldwide polyacrylamide market are examined in this study for the period of forecasting. Additionally, it will support you as you navigate and investigate the new opportunities in the Polyacrylamide Market sector.

Global Polyacrylamide Market: Overview

Polyacrylamide is a polymer that is created by the synthesis of acrylamide subunits and is widely utilized in the water treatment and papermaking industries. The need for wastewater management and growing environmental concerns have raised polyacrylamide demand. In water management, flocculants and coagulants—organic polymers—help separate suspended solid or liquid particles. Here, coagulant polyacrylamide is used to improve the coagulation-flocculation process. In the pad drilling method that is typically used to produce shale gas, polyacrylamide reduces friction.

Polyacrylamide Market

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Global Polyacrylamide Market: Growth Factors

The mining industry uses polyacrylamide extensively to separate minerals and ores in the mines, which is anticipated to fuel the expansion of the polyacrylamide market. The bio-based acrylamide is being commercialized by few polyacrylamide manufacturers, which presents a huge growth opportunity for the global market. Anionic polyacrylamide is used by certain farmers and builders as a means of halting soil erosion by retaining suspended sediments. In order to increase the market for polyacrylamide, anionic polyacrylamide is also utilized in the processes of sugar juice clarification, water recycling, fermentation byproduct recovery, and water clarifying. But excessive polyacrylamide use is bad for human health, which is why the government and numerous environmental organizations have put limits on polyacrylamide use.

Global Polyacrylamide Market: Segmentation

Based on the product, application, and geographic factors, the polyacrylamide market is divided worldwide. The paper, water treatment, petroleum, and other chemical and biomedical industries are the segments of the market that are divided based on the application. Categorized into anionic, non-ionic, cationic, and other polymers is the product segment. Because anionic polyacrylamide is so widely used as a soil conditioner, it accounted for the greatest portion of the market. North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa make up the regional segmentation.

Global Polyacrylamide Market: Regional Analysis

The regions with the biggest market shares for polyacrylamide are North America, Europe, and Asia Pacific. Due to the growing demand for polyacrylamide in emerging nations like China and India, the market growth in the Asia-Pacific area is anticipated to surpass. It is projected that growing awareness of wastewater treatment will drive market expansion in Asia Pacific. The polyacrylamide market is being positively impacted by rapid industrialization, rising urbanization, population increase, and steady economic growth in the local areas. Future market growth is anticipated as a result of the Middle East, the US, Russia, India, and China expanding their oil and gas production and exploration capabilities. Another important element supporting the growth of the global polyacrylamide market is the expansion of mining and mineral processing operations in Latin America.

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