The report on the Polyacrylamide Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2022-2028. The report also offers insights into different market segments and other factors affecting the market.
The polyacrylamide market is estimated to grow from US$ 5.63 Billion in 2022 to reach US$ 8.21 Billion by 2028 at a CAGR of 6.48% during the forecast period.
Polyacrylamide, or PAM is a synthetic, potassium-based long-chain homopolymer. It is synthesized by the polymerization of acrylamide, a high-molecular weight and water-soluble polymer. PAM is widely used as a thickening agent, binder and flocculating agent. Polyacrylamide’s numerous properties make it useful in a wide range of applications such as mineral processing, coating, printing, and dyeing, chemical, bio-medical, among others.
The market’s growth is influenced by a number of factors that have a significant or indirect impact on demand. An overview of such factors can be found in our report, which is derived utilizing SWOT analysis, industry life cycle, and supply chain analysis. Such key information can help market participants and investors identify the low-hanging fruits in the market and establish strategic initiatives to accelerate their growth.
COVID-19 IMPACT on the Market-
The COVID-19 pandemic has influenced almost all the industries, little or large, dealing in any sector.
The growth curves of Polyacrylamide market have witnessed enormous ebb and flows in the year 2020. The market scenario and the pace of growth have taken a huge turn and have prompted numerous adjustments in the cycles. 2022 is probably going to be superior to 2020 for the Polyacrylamide market players as the greater part of the organizations have continued their activities and the interest is getting re-established for them.
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Market Segments’ Analysis
The report segments based upon demographics, geographics, benefits and volume etc, has different leading factors and identifies the most-attractive segments and sub-segments. The market segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns that leads a roadmap to success.
The Polyacrylamide market is segmented into the following categories.
By Product Type
The market is bifurcated into unreinforced non-ionic (NPAM), cationic (CPAM), anionic (APAM), and others. The anionic PAM (APAM) segment captured more than half of the market share in 2021 and is likely to remain the largest segment in the foreseen future. The versatile properties of APAM make it highly popular in wastewater treatment industries.
The demand for recycling wastewater and treating sewage is increasing in fast-growing urban cities around the world, which is expected to have a positive impact on the demand for APAM over the assessment period.
By Application Type
The market is segmented as water treatment, petroleum, paper making, and others. The petroleum segment is expected to remain the dominant application type during 2022-2028. The growth of the segment is due to governments’ investments in energy projects to meet the rising energy demands.
Furthermore, increasing automobile sales are expected to drive petroleum consumption in the coming years, which will ultimately accelerate the polyacrylamide market growth over the assessment period.
Europe is expected to remain the largest market for polyacrylamide during the forecast period. Wastewater treatment and EOR (Enhanced Oil Recovery) are the two key applications that largely use polyacrylamide in the region. With a firm regulatory landscape in place for wastewater management, the European industry has already reached maturity.
Furthermore, increasing shale gas extraction activities are expected to boost PAM consumption for fracking applications in Europe over the next five years.
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