Polyacrylamide Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Polyacrylamide Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : February, 2023 | Chemical & Materials

Report Digest

Global Polyacrylamide Market: Snapshot

The polyacrylamide market is prognosticated to observe exponential growth during the forecast period of 2020-2030. The rapidly expanding water treatment industry is extrapolated to bring immense growth prospects for the polyacrylamide market.

Polyacrylamide is a category of polymer created by the synthesis of acrylamide subunits. It has high molecular weight and is a water-soluble polymer created by the polymerization of acrylamide. The wide use of polyacrylamide as a binder, flocculating agent, and thickening agent will bring exponential growth for the global market.

The demand for clean and safe water has increased substantially over the years. Further, strict environmental norms and industrial regulations have also raised prominence regarding wastewater treatment. The expanding focus on industrial and sewage wastewater treatment in various regions will bring tremendous growth opportunities for the polyacrylamide market. In addition, polyacrylamide is also used across the oil and gas industry. This aspect will further strengthen the growth opportunities of the polyacrylamide market.

The properties of polyacrylamide to offer good viscosity and recover oil in a cost-effective way will brings extensive growth prospects. Research and development activities are increasing at a rapid rate across the polyacrylamide market. The players invest immensely in these activities for discovering insights. These insights assist in boosting the revenues of the players in the polyacrylamide market.

Strategic collaborations have a profound impact on the growth trajectory of the polyacrylamide market. Mergers, acquisitions, joint ventures, and partnerships strengthen the influence of the players in the polyacrylamide market, eventually increasing the growth rate of the polyacrylamide market.

The COVID-19 pandemic had a negative impact on the polyacrylamide market growth cycle. The restrictions imposed to curb the transmission of the virus resulted in the closing down on manufacturing facilities and production units. This aspect damaged the growth structure of the polyacrylamide market. However, the relaxations in the restrictions will present good opportunities of growth for the polyacrylamide market.

Global Polyacrylamide Market: An Overview

The global polyacrylamide market is likely to expand at a healthy CAGR during 2018-2026, due to growing demand in high margin facial surgery application. Polyacrylamide is formed with acrylamide subunits. It is abbreviated as PAM and a type of polymer. Polyacrylamide is gaining increased attention in various industries, thanks to its water-absorbent qualities. It can form a gel after being hydrated and is used in gen electrophoresis. Polyacrylamide particles are referred to as ghost crystals. After being linked, these particles are used in manufacturing soft and transparent contact lenses. Additionally, polyacrylamide is also used as a suspending agent and a thickener in food products.

Polyacrylamide is also widely used to flocculate solids in liquid form. This application in highly used in water treatment process. Additionally, it is also necessary for screen printing and paper making. Polyacrylamide is also easy to supply for various industries. The polymer is easy to convert into a powdered and liquid form. Moreover, polyacrylamide is increasingly used in enhanced oil recovery. Polyacrylamide and its derivatives provide high viscosity and aqueous solutions to recover oil in a cost-efficient manner. Growing demand for applications such as enhanced oil recovery and facial surgeries, the polyacrylamide market is expected to witness robust growth.

Global Polyacrylamide Market: Notable Developments

  • A research group from Nebraska has discovered a polyacrylamide based catalyst method to double the output of carbon dioxide in ethylene formation. Ethylene is widely used in the manufacturing of polyethylene, the most prevalent plastic product in industries. The research shows promise in reducing the carbon footprint of industries and reduce emissions as well. Earlier, Copper was considered a vital component of converting CO2, however copper only converted 15% carbon dioxide, which was insufficient for various industries. The research has been published in the American Chemical Society journal, and is titled ‘ACS Catalysis’.
  • Scientists from China have found a way to integrate carbon nanotube fibers into a yarn. The technology integration enabled them to create a waterproof zinc-ion battery. The battery can be stretched and knitted. The new battery may perfectly cater to the demand of batteries for wearable technology in the polyacrylamide market. The batteries coated with polyacrylamide provide a waterproof mechanism, which can be applied wearable cloths technology. The research has been published by the American Chemical Society. 

Global Polyacrylamide Market: Key Trends

The global polyacrylamide market is witnessing an expansion, thanks to rising demand for food products, increased mining and oil discovery projects. Currently, the world oil supply is dependent on unstable regions. Hence, countries with large oil discovering potential such as the US are undertaking major initiatives to discover new fields. Growing economic collaborations between various governments is also leading to more oil discovery projects. Additionally, widespread availability of polyacrylamides, low costs, and growing manufacturing in Asia Pacific region are expected to drive significant growth in the near future. The global polyacrylamide market is also witnessing growing expansion due to growing demand for artificial facial surgeries. The aesthetic nature of these surgeries, high emphasis on social approval in emerging Asian markets, and high revenue margins are expected to drive the polyacrylamide market.

Global Polyacrylamide Market: Competitive Dynamics

The global polyacrylamide market is a highly competitive and fragmented landscape. The market is home to increasing number of large players, who are changing the competitive dynamics every day. Some key players in the polyacrylamide market are CNPC, SNF Group, Kemira, and BASF.

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5-Point Growth Formula

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The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?