Polyacrylamide Market Segments 2024-2033 | Size, Share And Insights

"The Business Research Company recently released a comprehensive report on the Global Polyacrylamide Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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 growth in the historic period can be attributed to rising applications of polyacrylamide, growth of the pulp and paper industry, strong economic growth, demand of 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 growth in the forecast period can be attributed to increasing demand for wastewater treatment, rapid industrialization and growing oil & gas industry in asia pacific, and development of bio-based polyacrylamide. Major trends in the forecast period include technological advancements, demand in mining operations, production capacity expansion, safe environment sensors and strategic partnerships.

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Market Drivers and Trends:

The increasing need for wastewater treatment is expected to fuel the growth of the polyacrylamide market over the coming years. Wastewater treatment is the method of removing pollutants from wastewater or sewage and converting them to effluent that can be added to the water supply with minimal environmental effects. Polyacrylamide and its co-polymers are used as flocculants or coagulants in wastewater treatment. For instance, according to a study from the United Nations University Institute for Water, Environment, and Health, about 52% of wastewater is treated worldwide. It is also estimated that by 2040 global demand could exceed supply by 50%. Additionally, NITI Aayog reported that India's wastewater treatment plants market is expected to reach $ 4.3 billion by 2025 owing to increasing demand for municipal water as well as sewage water treatment plants across the country. Therefore, the increasing need for wastewater treatment is expected to drive the growth of the polyacrylamide materials market.

Production capacity expansions are a key trend gaining popularity in the polyacrylamide market. Manufacturers in the polyacrylamide industry are scaling up their production capacities and expanding their production capabilities to meet increased demand from various sectors such as wastewater treatment, oil and gas, and mining. For instance, in February 2021, SNF Holding Firm, a specialty chemicals company, announced an investment of $300 million in the USA in 2021-2022 to increase powder-grade polyacrylamide production by 30,000 metric tonnes per year and Acrylamide production by 100,000 m.t./yr at its Plaquemine, Louisiana location. SNF is committed to the USA continuing to invest in polyacrylamide to meet expanding demand in municipal and industrial water treatment, oil and gas, mining and construction, paper, agriculture, and personal and home care.

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Major Key Players of the Market:

Illumina Inc, Eurofins Scientific, Myriad Genetics Inc, PerkinElmer Inc, Centogene N.V, Invitae Corporation, Genomind, Pacific Biosciences of California Inc, Oneome LLC, Admera Health, MapMyGenome, Positive Bioscience, Xcode Life Sciences, Xcelris Labs, Takeda Pharmaceutical Company Limited, Garvan Institute of Medical Research, 3D Medicines Inc, Berry Genomics, BGI, GenomiCare Biotechnology, Biotecan Pharmaceuticals, Bayer AG, GlaxoSmithKline plc (GSK), F Hoffmann-La Roche AG, Merck KGaA, Future Science Group, QIAGEN N.V, Institute of Biomedical Chemistry, Centro de Genoma e Biologia de Sistemas (CGBS), Dasa Group, Datar Cancer Genetics Limited, MedGenome Labs, AnorMed, 23andMe, Myriad Genetics, Color Genomics, Pathway Genomics, Laboratório Richet, Laboratório Exame, Genomika Diagnósticos, Gulf Pharmaceutical Industries JULPHA, Neopharm, NewBridge Pharmaceuticals Limited, EIPICO (Egyptian International Pharmaceutical Industries Company), Aspen Pharmacare Holdings Limited, Pharma-Q (Pty) Ltd

Polyacrylamide Market 2024 Key Insights:

• 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%.
• Polyacrylamide Market Growth Fueled By Rising Demand For Wastewater Treatment
• Polyacrylamide Market Witnesses Growth Through Production Capacity Expansions
• Asia-Pacific was the largest region in the polyacrylamide market in 2023

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