November 9, 2021 11:30 EST | Source: Business Research Corporation Business Research Corporation
London, November 9, 2021 (GLOBE NEWSWIRE) - According to a research report on the polyacrylamide market by a business research company, the historical growth of the polyacrylamide market is due to the increase in material applications, the growth of the pulp and paper industry, Strong economic growth, demand for polyacrylamide for oil recovery, and government regulations on wastewater treatment. The market is restrained by geopolitical tensions, strict regulations and polyacrylamide environmental issues.
Polyacrylamide (PAM) is an organic polymer formed from acrylamide subunits. It was originally produced with a simple, repetitive, linear chain structure, but can be modified to form highly structured, branched, and cross-linked variants. It is used in various manufacturing and industrial processes.
The polyacrylamide market consists of polyacrylamide sold by entities that manufacture polyacrylamide (organizations, individual traders, and partnerships). Polyacrylamide is a synthetic resin made by polymerization of acrylamide. It is a water-soluble polymer used to stabilize or form gels, and can be used as a clarifier or thickener. Polyacrylamide has a wide range of uses, but is mainly used for solid/liquid separation in industrial and municipal wastewater sectors.
The global polyacrylamide market is expected to grow from USD 3.72 billion in 2020 to USD 3.95 billion in 2021, with a compound annual growth rate (CAGR) of 5.98%. The growth of the polyacrylamide market is mainly due to the increased demand from the water treatment industry due to strict supervision of wastewater treatment and increasing attention to the environment. The market size is expected to reach 5.89 billion U.S. dollars in 2025, with a compound annual growth rate of 10.54%.
The global polyacrylamide market is highly concentrated, and a few large companies dominate the market. The top ten competitors in the market in 2020 account for 55.11% of the entire market. The major players in the market include Ashland Corporation, BASF Corporation, SNF Floerger Group, Kemira Oyj, Solvay, PetroChina, Bluwat Chemicals, Black Rose Industrial Co., Ltd., Anhui Jucheng Fine Chemical Co., Ltd., Xitao Polymer Co., Ltd.
The report of the business research company is titled "Polyacrylamide Global Market Report 2021-By-products (anionic, cationic, non-ionic), by physical form (powder, liquid, emulsion or dispersion), by end user (water treatment, petroleum and Natural gas, pulp and paper, mining), COVID-19 growth and changes cover major polyacrylamide companies, polyacrylamide market share by company, polyacrylamide manufacturers, polyacrylamide market size, and polyacrylamide market forecasts. The report also covers the global polyacrylamide market and its market segments.
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The Asia-Pacific region is the largest polyacrylamide market, accounting for 30.9% of the total in 2020. Followed by North America, Western Europe, and then other regions. Looking ahead, the fastest growing regions of the polyacrylamide market will be North America and the Asia-Pacific region, and the compound annual growth rate from 2020 to 2025 will reach 8.7% and 8.0%, respectively. Followed by Africa and the Middle East, these markets are expected to have compound annual growth rates of 7.6% and 7.5%, respectively.
Future market drivers and constraints
Looking ahead, the increasing demand for wastewater treatment in the Asia-Pacific region, the rapid development of industrialization, the development of the oil and gas industry, and the development of bio-based polyacrylamide will drive the growth of the polyacrylamide market. Factors that may hinder market growth in the future include fluctuations in raw material prices, anti-dumping duties on Chinese manufacturers, and the coronavirus pandemic.
The polyacrylamide market is subdivided into anionic, cationic, non-ionic, etc. by product. The anionic market is the largest segment of the polyacrylamide market by product, accounting for 54.3% of the total in 2020. Looking ahead, the cationic market segment is expected to become the fastest growing segment of the polyacrylamide market segmented by type, with a compound annual growth rate of 7.6% during the period 2020-2025.
The polyacrylamide market is also divided into powder, liquid and emulsion or dispersion according to physical form. In 2020, the liquid market will account for 56.8% of the total. According to the end user, it is divided into water treatment, oil and gas, pulp and paper, mining and other terminals. Users, the water treatment market will account for 35.4% of the total in 2020.
The main opportunity for the polyacrylamide market segmented by type will appear in the cationic segment, and global annual sales will increase by US$1.6617 billion by 2025. The main opportunity of the polyacrylamide market segmented by physical form will appear in the liquid segment, which will increase to 2025, and global annual sales will reach 3.7041 billion US dollars. End users will appear in the water treatment field. By 2025, the global Annual sales will reach 2.309.5 billion US dollars.
2021 Polyacrylamide Global Market Report – COVID-19 growth and changes is one of a series of new reports from a business research company that provides polyacrylamide market overview, polyacrylamide market analysis and forecasts for the entire market, and polyacrylamide market segments The market size and growth, polyacrylamide market trends, polyacrylamide market drivers, polyacrylamide market constraints, and the revenue, overview and market share of the leading competitors in the polyacrylamide market are included in more than 1,000 industry reports, covering More than 2,500 market segments and 60 regions.
The report also provides an in-depth analysis of the impact of COVID-19 on the market. These reports draw on 150,000 data sets, extensive secondary research, and exclusive insights from interviews with industry leaders. An experienced team of experts composed of analysts and modelers provides market analysis and forecasts. These reports identify major countries and market segments for opportunities and strategies based on market trends and leading competitors' methods.
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