Polyacrylamide Market Forecasts to 2028 – Global Analysis By Product (PAM-CA, APAM), Application (Shale Gas, Soil Conditioner), End User (Cosmetics, Oil and Gas, Petroleum), Channel (Direct, Distributor) and By Geography
According to Stratistics MRC, the Global Polyacrylamide Market is accounted for $3.58 billion in 2020 and is expected to reach $7.03 billion by 2028 growing at a CAGR of 8.8% during the forecast period. The rising awareness of wastewater management, growing population and rapid urbanization in the Asian countries and growing demand for enhanced oil recovery are the major factors driving the market growth. However, alternative water treatment technologies and volatility of raw material price is restraining the market growth.
Polyacrylamide, also known as polymerized acrylamide, is formed by the synthesis of acrylamide subunits. Polyacrylamide finds a wide range of applications in water treatment plants and paper manufacturing units. Also, its biocompatibility and protein resistance properties have increased its application in drug delivery and the biomedical field. Polyacrylamides are either synthesized by the cross-linked form or in a single linear chain structure. In the cross-linked form, the monomer is reduced into the simplest form, which makes the material water absorbent. Its properties help to stabilize the soil structure. The presence of polyacrylamides reduces soil erosion and water usage, making the soil favorable for cultivation. The high absorption of water reduces crop damage as the soil dries up quickly in case of heavy rainfall.
Based on end user, the oil & gas segment is estimated to have a lucrative growth as the product improves the oil recovery efficiency. In addition, it is used in drilling muds and fracturing fluid additives. The use of polyacrylamide can adjust the drilling fluidity, carry shale debris, lubricate the drill bit, and control fluid loss.
By geography, North America is going to have high growth during forecast period due to demand for the product by the water treatment application, which accounts for over 50% of the overall demand. Stringent regulatory actions against waste-water disposal, coupled with rising concerns regarding the environment in the region, are expected to drive water treatment activities in the region, which in turn, are likely to have a positive impact on the industry growth.
Some of the key players profiled in the Polyacrylamide Market include Anhui Jucheng Fine Chemical Co Ltd (CJCC), Anhui Tianrun, Ashland Inc, BASF SE, Black Rose Industries Ltd, China National Petroleum Corporation (CNPC), Daqing Zhonglan Petrochemical Co Ltd, Dongying Kechuang Biochemical Industrial Co Ltd, Kemira OYJ, Shandong Polymer Bio-chemicals Co Ltd, SINOPECSNF Group and Xitao Polymer Co Ltd Company.
Estimated Market Size in 2020:
USD 3.58 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 7.03 billion
Tables, Graphs & Figures
|Type, Product, Physical Form, Production Process, Application, End User, Sales Channel and Region|
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Ionic Nature
• Polymer Structure
• Amphoteric Polyacrylamide (PAM-CA)
• Anionic Polyacrylamide (APAM)
• Cationic Polyacrylamide (CPAM)
• Non-Ionic Polyacrylamide
• Other Products
Physical Forms Covered:
Productions Process Covered:
• Copper Catalyst-Based
• Microbial Enzyme-Based
• Binder in Skin Lotions
• Binders and Stabilizers in Cosmetics
• Enhanced Oil Recovery
• Flocculants for Water Treatment
• Manufacturing Safe Contact Lenses
• Shale Gas
• Soil Conditioner
• Mineral Processing
• Other Applications
End Users Covered:
• Chemical and Bio-Medical Industries
• Coal Mining
• Municipal & Commercial
• Oil and Gas
• Pulp and Paper
• Water Treatment
Sales Channels Covered:
• Direct Sales
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years (2019, 2020, 2021, 2025, and 2028)
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Polyacrylamide Market is majorly driven by rising awareness of wastewater management, growing population & rapid urbanization and growing demand for enhanced oil recovery.
The oil & gas segment is growing at a highest CAGR as polyacrylamide is used in oil & gas industry for drilling muds,fracturing fluid additives, adjust the drilling fluidity, carry shale debris, lubricate the drill bit, and control fluid loss etc.
Asia Pacific dominated with a significant market share due to the factors such as rising economy supporting sufficient construction activitiesin the region.
North America market is growing at a highest CAGR owing to demand for the product by the water treatment application in the region.
Key players in Polyacrylamide Market include Anhui Jucheng Fine Chemical Co Ltd (CJCC), Anhui Tianrun, Ashland Inc, BASF SE, Black Rose Industries Ltd, China National Petroleum Corporation (CNPC), DaqingZhonglan Petrochemical Co Ltd, DongyingKechuang Biochemical Industrial Co Ltd, Kemira OYJ, Shandong Polymer Bio-chemicals Co Ltd, SINOPECSNF Group and Xitao Polymer Co Ltd Company.
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