Global Polyacrylamide market 2024-2030

Polyacrylamide is a type of substance which is not soluble in water. Polyacrylamide is of two kinds one being solid the other being liquid. Polyacrylamide can also be found in powdered form. The powdered form is one of the most consumed type in today's world. The reason behind that being powdered form is easy to store as compared to liquid form.

There are multiple uses of polyacrylamide the primary usage of this chemical can be seen in two particular sectors namely water treatment sector and the other being the oil and gas sector. It has a significant market share in the water treatment sector. Oil and gas sector utilize this product in its upstream area using for improving oil recovery and drilling. Apart from this, it is used in multiple products such as mining, agriculture, paper and pulp, paints and coating, textile and more industries.

The report on global polyacrylamide Market shows insights on the current market scenario by conducting over 280 hours of primary and secondary research. As per the report, global polyacrylamide market is growing its area and effective sphere of influence very fast and is gaining popularity. This global polyacrylamide market is expected to reach the levels of US $ xxxx billion dollars by the end of 2023, as compared to US $ xxxx billion dollars in 2018 registering an impressive growth rate of xx% annually.

The primary growth driver for polyacrylamide market is, it is used extensively in the treatment of natural water as well as sewage, natural water, and wastewater being linked directly to the environment. Thus, the use of this chemical has profoundly increased its demand.

The instability in the prices of raw materials and the substitutes present in the market can become the primary reasons for the shortage of growth of polyacrylamide market in the coming years. Also, the world health organization has stated polyacrylamide to be carcinogenic which might become a reason for minimizing its growth.

The Asia Pacific was handling the dominant market share of polyacrylamide market in the year 2017. The main reason for the Asia Pacific to be a significant market for this chemical was because of its extensive use for treating water. It is stated that this region will continue to be the leading market for this chemical. Apart from the Asia Pacific, North America and Europe were also said to be a significant market for polyacrylamide. The demand for polyacrylamide is forecasted to dip in the Europe region by XX% by the year 2023.

The key players in the market of polyacrylamide market are SNF Floerger group, China National Petroleum Corporation, Kemira Oyj, BASF SE, and Anhui Jucheng Fine Chemicals.

The research procedure starts with the bifurcation of different market segments of global polyacrylamide market, followed by detection of factors affecting the growth each segment. Then, the market forecasts were built based on the inputs given by the business leaders across Global polyacrylamide industry value chain. Market Krystal held more than 40 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (35%), Suppliers (35%), Consumers (10%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (35%), Asia (30%), Europe (35%)

By designation:

Top level (40%), Operation level (30%), Mid-level (30%)

Contents of the report:

• Insights on the global polyacrylamide Industry dynamics
• Current Estimation of the global polyacrylamide market size in terms of value and volume
• Global polyacrylamide market breakup based on product type and application.
• Authenticated global polyacrylamide market forecast for the next five years
• Comprehensive analysis of the key companies operating across different nodes of global polyacrylamide industry value chain.