Polyacrylamide Global Market Report 2024

The polyacrylamide market size has grown strongly in recent years. It will grow from $5.32 billion in 2023 to $5.81 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The expansion observed in the historical period can be attributed to the rising applications of polyacrylamide, the growth of the pulp and paper industry, strong economic growth, the demand for polyacrylamide for oil recovery, and government regulations for wastewater treatment.

The polyacrylamide market size is expected to see strong growth in the next few years. It will grow to $8.22 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The anticipated growth in the forecast period can be attributed to the increasing demand for wastewater treatment, rapid industrialization, and the growing oil & gas industry in the Asia Pacific region, along with the development of bio-based polyacrylamide. Key trends expected in the forecast period include technological advancements, increased demand in mining operations, production capacity expansion, the integration of safe environment sensors, and strategic partnerships.

The anticipated growth in the demand for wastewater treatment is poised to drive the expansion of the polyacrylamide market in the coming years. Wastewater treatment involves the removal of pollutants from wastewater or sewage, converting them into effluent with minimal environmental impact. Polyacrylamide and its co-polymers function as flocculants or coagulants in wastewater treatment processes. Globally, approximately 52% of wastewater is treated, with a projected shortfall in supply compared to demand by 50% by 2040, as reported by the United Nations University Institute for Water, Environment, and Health. The wastewater treatment plants market in India is expected to reach $4.3 billion by 2025, driven by the increasing demand for municipal water and sewage treatment plants across the country. Consequently, the escalating need for wastewater treatment is anticipated to be a driving force for the growth of the polyacrylamide market.

The polyacrylamide market is expected to witness growth due to an upswing in demand from the oil and gas industry. The industry, involved in oil and gas exploration and production, relies on polyacrylamide to optimize production processes, reservoir management, and environmental stewardship. The International Energy Agency (IEA) projects a global increase in oil consumption, reaching 104.1 million barrels per day by 2026. This surge in demand from the oil and gas sector is a key driver for the growth of the polyacrylamide market.

The growth of the pulp and paper industry is expected to further propel the polyacrylamide market. This industry encompasses the production of diverse paper and paperboard products from fibrous materials. Polyacrylamide contributes significantly to optimizing pulp and paper production processes, enhancing paper quality, ensuring environmental compliance, and improving operational efficiency. The global paper output reached a record 415 metric tons in 2021, reflecting a 4% improvement over 2020. Additionally, the U.S. hide, skin, and leather industry witnessed a notable increase in exports in 2021. The growth of the pulp and paper industry is a key factor driving the polyacrylamide market.

A notable trend in the polyacrylamide market is the expansion of production capacities. Manufacturers in the industry are strategically scaling up production capacities to meet the heightened demand across sectors such as wastewater treatment, oil and gas, and mining. SNF Holding Firm, a specialty chemicals company, exemplifies this trend by investing $300 million in the USA to expand polyacrylamide production, responding to increased demand in various applications.

In July 2021, Platinum Equity, a private equity investment firm, announced the acquisition of Solenis for $5.25 billion. This acquisition involves the merger of Solenis with Sigura Water, bringing the total combined transaction value to approximately $6.5 billion. Solenis, a chemical company, is involved in offering polyacrylamide, polyacrylate, and organic coagulant products, marking a strategic move in the polyacrylamide market.

Major companies operating in the polyacrylamide market report are Ashland Inc., BASF SE, SNF Floerger Group, Kemira, Solvay, Petro China, Bluwat Chemicals, Black Rose Industries Ltd., Anhui Jucheng Fine Chemicals Co. Ltd., Xitao Polymer Co Ltd., Feymer, Ningxia Yongruida Carbon Co.Ltd., Merck, China National Petroleum Corporation, Beijing Hengju Oilfield Chemical Agent Co. Ltd., Anhui Tiarun Chemical, Daqing Petrochemical Company, Shandong Polymer Bio-chemicals Co. Ltd., Kasakrom, Cemotech, Chevron Philips, Eastman Chemical Company, Dupont, Exxon Mobil, Huntsman, INEOS Group, Lyondellbasell, Smolecule, Sigma Aldrich, Alfa Aesar, Otava Chemicals, Thermo Fisher Chemicals, MK Chemicals of Brazil Ltda, AXCHEM Brazil Chemical Industry, SNF Holding Company, Indo Jordan Chemicals Company, GAP Polymers, Ahlia chemicals company, Zamil Plastic Industries Ltd., Northern Vinyl Supplies, Lawsam Chemicals (U) Ltd., AECI Mining chemicals, Protea Chemicals.

Asia-Pacific was the largest region in the polyacrylamide market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the polyacrylamide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the polyacrylamide market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The main types of polyacrylamide include anionic, cationic, non-ionic, and others. Anionic polyacrylamide (APAM) is effective in environments with high concentrations of positively charged inorganic compounds and coarsely suspended molecules (0.01–1 mm) in neutral or alkaline solutions. Cationic polyacrylamide is a group of water-soluble polymers with diverse applications in industry, food processing, agriculture, and waste management. Non-ionic polyacrylamide is a high molecular-weight polymer used for dispersion, thickening, and bonding purposes. Polyacrylamide is available in various physical forms such as powder, liquid, emulsion, or dispersion and is used in different sectors including water treatment, food and beverage, personal care, health care, and others.

The polyacrylamide market research report is one of a series of new reports that provides polyacrylamide market statistics, including polyacrylamide industry global market size, regional shares, competitors with a polyacrylamide market share, detailed polyacrylamide market segments, market trends and opportunities, and any further data you may need to thrive in the polyacrylamide industry. This polyacrylamide market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The polyacrylamide market consists of sales of polyacrylamide by method of synthesis, including the crosslinking method, the radical method, and the free radical polymerization method. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.