Polyacrylamide Market size is expected to reach USD 12 Billion by the end of 2036, growing at a CAGR of 7% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of polyacrylamide was USD 5 Billion. The water treatment sector’s growing demand for polyacrylamide stems from its effectiveness as a flocculant and coagulant agent, aiding in the removal of suspended solids and contaminants from water. As water treatment processes expand globally due to increasing industrialization and urbanization, the market is expected to grow. As per a report, globally, the percentage of people living in cities was 57% in 2023. With more than four fifths of the population living in urban areas, North America, Latin America, and the Caribbean were the regions with the highest levels of urbanization.
Furthermore, because it helps manage fluid loss and drilling fluidity, Polyacrylamide is frequently utilized in drilling muds and additives for fracture fluids. Growing prospects for Polyacrylamide in the market are anticipated due to growing demand for the product in other industrial applications, including iron and steel, metallurgy, mineral processing, coal cleaning, and the electronics industry.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~ 7% |
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Base Year Market Size (2023) |
~ USD 5 Billion |
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Forecast Year Market Size (2036) |
~ USD 12 Billion |
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Regional Scope |
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Type (Cationic, Anionic, Non-Ionic)
Anionic segment for polyacrylamide market is anticipated to hold the largest share of 46% during the projected period. Mining operations employ anionic polyacrylamide for solid liquid separation, tailings management, and mineral processing. The market for this sector is growing as a result of the increase of mining activities worldwide and the requirement for effective and sustainable mining methods. Moreover, with growing infrastructure development and environmental conservation efforts, there is an increasing demand for products that can mitigate soil erosion an improve soil stability. Additionally, ongoing research and development efforts have resulted in the creation of sophisticated anionic polyacrylamide formulations and grades, improving its performance and industry application. Therefore, these factors are propelling the growth of the segment.
Application (Water Treatment, Oil & Gas, Paper Making)
Water treatment segment for polyacrylamide market is expected to hold the second-largest share of 43% during the forecast period. Growing urbanization and other factors are driving up demand for clean, safe drinking water. In addition, contaminants and wastewater from industrial operations need to be treated before being released into the environment to avoid contaminating it. Global industry expansion is driving up demand for industrial wastewater treatment systems that minimize environmental effect and comply with laws. Furthermore, the adoption of water recycling and reuse technologies is being driven by droughts and water scarcity in many places. The need for cutting-edge water treatment technologies is also fueled by rising awareness of contaminants and diseases that can be contracted through water, including viruses, heavy metals, and newly discovered pollutants. According to a recent report, 1.1 billion people lack access to adequate sanitation, 600 million children lack access to clean drinking water, and 689 million lack even the most basic hygienic services worldwide. Therefore, altogether these factors are contributing to the growth of the market.
Our in-depth analysis of the global market includes the following segments:
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Form |
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Application |
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APAC Market Forecast
Polyacrylamide Market in Asia Pacific is expected to account for the largest share of 36% during the forecast period. Due to the region's increasing industrialization, which has increased demand for polyacrylamide in water treatment applications, Asia-Pacific is the world's largest market for the chemical. The need for chemicals used in water treatment will rise due to China's numerous chemical and pharmaceutical businesses, which will further propel the market for polyacrylamide. Also, as urban population increases in the region there is a corresponding rise in demand for clean water and infrastructure development. Furthermore, with rising energy demand, countries in the Asia Pacific regions are investing in oil and gas exploration and production activities. For instance, the Asia-Pacific region produced about 7.37 million barrels of oil per day in 2022.
North American Market Statistics
North American polyacrylamide market is expected to hold a share of 28% by the end of 2036. In the region, the United States and Canada are major producers of shale gas, and a popular method for obtaining these resources is hydraulic fracturing. In addition, the region's old infrastructure requires upkeep and restoration, which raises the requirement for building materials like polyacrylamide. Furthermore, the use of polyacrylamide-based solutions for environmental rehabilitation and conservation initiatives is fueled by rising public awareness of environmental problems such soil erosion and water contamination.
Author Credits: Smruti Ranjan, Rajrani Baghel
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