This report describes and assesses the global polyacrylamide market. It covers three five-year periods including 2015 to 2020 which is called historical period, 2020-2025 forecast period and 2025-2030 another forecast period.
LONDON, Nov. 09, 2021 (GLOBE NEWSWIRE) — According to The Business Research Company‘s research report on the polyacrylamide market, the growth over the historic period in the polyacrylamide market is driven by the increase in applications of the material, from the growth of the pulp and paper industry, strong economic growth, demand for polyacrylamide for oil recovery, and government regulations for wastewater treatment. The market has been held back by geopolitical tensions, strict regulations and environmental concerns regarding polyacrylamide.
Polyacrylamide (PAM) is an organic polymer formed from acrylamide subunits. It is initially produced with a simple, repeating linear chain structure, but can be improved to form highly structured, branched, and cross-linked variants. It is used in various manufacturing and industrial processes.
The polyacrylamide market includes sales of polyacrylamide by entities (organizations, independent traders, and partnerships) that manufacture polyacrylamide. Polyacrylamide is a synthetic resin produced by polymerization of acrylamide, it is a water-soluble polymer used to stabilize or form gels, and can be used as a clarifying or thickening agent. Polyacrylamide is used in a wide range of applications, but is primarily used for solid/liquid separation in the industrial and municipal wastewater sectors.
Market size Forecasts
The global polyacrylamide market is expected to grow from $3.72 billion in 2020 to $3.95 billion in 2021 at a compound annual growth rate (CAGR) of 5.98%. The growth of the polyacrylamide market is mainly driven by increased demand from water treatment industries, owing to stringent regulatory measures against sewage disposal and growing concerns towards the environment. The market is expected to reach $5.89 billion in 2025 at a CAGR of 10.54%.
The global polyacrylamide market is highly concentrated, with a few large players dominating the market. The top ten market competitors accounted for up to 55.11% total market share in 2020. Major market players are Ashland Inc., BASF SE, SNF Floerger Group, Kemira Oyj, Solvay, Petro China, Bluwat Chemicals, Black Rose Industries Ltd., Anhui Jucheng Fine Chemicals Co. Ltd. and Xitao Polymer Co Ltd.
The Business Research Company report titled Polyacrylamide Global Market Report 2021 – By Product (Anionic, Cationic, Nonionic), By Physical Form (Powder, Liquid, Emulsion Or Dispersions), By End User (Water Treatment, Oil And Gas, Pulp And Paper, Mining), COVID-19 Growth And Change covers Top Polyacrylamide Companies, Polyacrylamide Market Share by Company, Polyacrylamide Manufacturers, Polyacrylamide Market Size and Polyacrylamide Market Forecast. The report also covers the global polyacrylamide market and its segments.
Demand FWhere a sample of the world polyacrylamide market report
Asia-Pacific was the largest region in the polyacrylamide market, accounting for 30.9% of the total in 2020. It was followed by North America, Western Europe, and then other regions. Going forward, the fastest growing regions in the polyacrylamide market will be North America and Asia-Pacific, where growth will be at CAGRs of 8.7% and 8.0% respectively in during the period 2020-2025. This is followed by Africa and the Middle East, where the markets are expected to record CAGRs of 7.6% and 7.5% respectively.
Future Market Drivers and Restraints
Going forward, increasing demand for wastewater treatment, rapid industrialization and growth of oil and gas industry in Asia-Pacific, and development of bio-based polyacrylamide will drive the growth of polyacrylamide market. Factors that may hamper market growth in the future include fluctuating commodity prices, anti-dumping duties on Chinese manufacturers, and the coronavirus pandemic.
The polyacrylamide market is segmented by product into anionic, cationic, nonionic and others. The anionic market was the largest segment of the polyacrylamide market segmented by product, accounting for 54.3% of the total in 2020. Going forward, the cationic segment is expected to be the fastest growing segment of the polyacrylamide market segmented by type, at a CAGR of 7.6% over the period 2020-2025.
The polyacrylamide market is also segmented by physical form into powder, liquid, and emulsion or dispersions, with the liquid market accounting for 56.8% of the total in 2020, and by end user into water treatment, oil and gas, pulp and papers, mining. and other end users, with the water treatment market accounting for 35.4% of the total in 2020.
The best opportunities in the polyacrylamide market segmented by type will arise in the cationic segment, which will earn $1,661.7 million in global annual sales by 2025. The best opportunities in the polyacrylamide market segmented by physical form will arise in the liquid segment, which will earn $3,704.1 million in global annual sales by 2025, and per end-user, will come from the water treatment segment, which will earn $2,309.5 million in annual sales world by 2025.
Global Polyacrylamide Market Report 2021 – COVID-19 Growth And Change is part of a series of new reports by The Business Research Company that provide polyacrylamide market overviews, polyacrylamide market analysis and forecast size and growth Market Overview for Overall Market, Polyacrylamide Market Segments and Geographies, Polyacrylamide Market Trends, Polyacrylamide Market Drivers, Polyacrylamide Market Restraints, Market Top Competitor Revenues, Profiles and Market Shares polyacrylamide in more than 1,000 industry reports, covering more than 2,500 market segments and 60 geographies.
The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. A highly experienced and expert team of analysts and modellers provide market analysis and forecasts. The reports identify key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
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