Polyacrylamide Market Report Analysis

Market Insights

The polyacrylamide market is estimated to grow from US$ 5.63 Billion in 2022 to reach US$ 8.21 Billion by 2028 at a CAGR of 6.48% during the forecast period.

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What is Polyacrylamide?

Polyacrylamide, or PAM is a synthetic, potassium-based long-chain homopolymer. It is synthesized by the polymerization of acrylamide, a high-molecular weight and water-soluble polymer. PAM is widely used as a thickening agent, binder and flocculating agent. Polyacrylamide's numerous properties make it useful in a wide range of applications such as mineral processing, coating, printing, and dyeing, chemical, bio-medical, among others.

Covid-19 Impact

The market declined in 2020, as a result of the lockdown and quarantine measures imposed on nations to combat the COVID-19 pandemic, which limited the production of manufacturing facilities. However, the situation gradually returned to normalcy. The market experienced positive growth in 2021 and is expected to exhibit a higher growth trend during 2022-2028.

Key Players

Most of the companies are deploying various strategies regarding product development & differentiation, pricing, branding, technology, and customized products to gain competitive advantage. 
The following are some of the key players in the market:

• BASF SE
• SNF Floerger
• Kemira Oyj
• Solvay S.A.
• Anhui Jucheng Fine Chemicals Co., Ltd.
• PetroChina Company Limited
• Beijing Hengju Chemical Group Corporation
• Jiangsu Feymer Technology
• Mitsubishi Chemical Corporation
• Shadong Polymer Biochemicals Co., Ltd.

Market Dynamics

Polyacrylamide is widely used in the wastewater & water treatment industry. This industry is expected to grow at a significant rate in the coming years on account of the growing concerns of declining water quality due to rapid industrial growth across the world. Rising demand for PAM in wastewater & water treatment, as well as in other end-use industries, is driving the recovery and growth of the market.

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Segment Analysis

By Product Type

The market is bifurcated into unreinforced non-ionic (NPAM), cationic (CPAM), anionic (APAM), and others. The anionic PAM (APAM) segment captured more than half of the market share in 2021 and is likely to remain the largest segment in the foreseen future. The versatile properties of APAM make it highly popular in wastewater treatment industries.

The demand for recycling wastewater and treating sewage is increasing in fast-growing urban cities around the world, which is expected to have a positive impact on the demand for APAM over the assessment period.

By Application Type

The market is segmented as water treatment, petroleum, paper making, and others. The petroleum segment is expected to remain the dominant application type during 2022-2028. The growth of the segment is due to governments' investments in energy projects to meet the rising energy demands.

Furthermore, increasing automobile sales are expected to drive petroleum consumption in the coming years, which will ultimately accelerate the polyacrylamide market growth over the assessment period.

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Regional Analysis

Europe is expected to remain the largest market for polyacrylamide during the forecast period. Wastewater treatment and EOR (Enhanced Oil Recovery) are the two key applications that largely use polyacrylamide in the region. With a firm regulatory landscape in place for wastewater management, the European industry has already reached maturity.

Furthermore, increasing shale gas extraction activities are expected to boost PAM consumption for fracking applications in Europe over the next five years.

Segmentation

The report provides detailed insights into the market dynamics to enable informed business decision-making and strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories:

By Product Type

• Non-ionic [NPAM]
• Cationic [CPAM]
• Anionic [APAM]
• Others

By Application Type

• Water Treatment
• Petroleum
• Paper Making
• Others

By region

• North America
• Europe
• Asia-Pacific
• Rest of the World 

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Report Features

This report provides market intelligence in the most comprehensive way and structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features:

• Structure: Overview, industry life cycle and supply chain analysis.
• Environment analysis: Growth drivers and constraints, Porter’s five forces and SWOT analysis.
• Trend and forecast analysis.
• Segment trend and forecast.
• Competitive landscape and dynamics: Market share, Product Portfolio, New Product Launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with companies across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].