Global Polyacrylamide Market Research Report: Information Based on by physical form (powder, liquid, and emulsion/dispersions), application (enhanced oil recovery, flocculants for water treatment, soil conditioner, binders and stabilizers in cosmetics, and other applications), end-user industry (water treatment, oil and gas, pulp and paper, mining, and other end-user industries), and Region (North America, Europe, Asia-Pacific, and Rest of the World) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2023-2031.
Global Polyacrylamide Market is predicted to reach approximately USD 9.11 Billion by 2031, at a CAGR of 5.29% from 2023 to 2031. Polyacrylamide (PAM) is a synthetic polymer derived from the polymerization of acrylamide monomer, with the molecular formula CH2CHCONH2. This versatile polymer finds extensive application in various industries. It is commonly utilized for solid-liquid flocculation processes, such as water treatment, paper making, and screen printing, owing to its gel-like properties. Additionally, polyacrylamide and its derivatives are widely employed in enhanced oil recovery and soil conditioning. The polymer is available in powder, solution, and emulsion forms, and is also used as a chemical intermediate for producing N-Methylol acrylamide and N-butoxyacrylamide, further expanding its utility in diverse industrial processes.
Global Polyacrylamide Market REPORT SCOPE & SEGMENTATION
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Report Attribute |
Details |
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Market Value (2022) |
6.03 billion |
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Projected Market Value (2031) |
9.11 billion |
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Base Year |
2022 |
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Forecast Years |
2023 - 2031 |
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Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis By Physical Form, Based on application, By End-user Industry & Region. |
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Segments Covered |
By Physical Form, Based on application, By End-user Industry & Region. |
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Forecast Units |
Value (USD Billion or Million), and Volume (Units) |
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Quantitative Units |
Revenue in USD million/billion and CAGR from 2023 to 2031. |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
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Countries Covered |
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others. |
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Report Coverage |
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis. |
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Delivery Format |
Delivered as an attached PDF and Excel through email, according to the purchase option. |
Global polyacrylamide market Dynamics
Several main factors influence the market dynamics of the polyacrylamide sector. Polyacrylamide is in high demand as an effective flocculant in water treatment processes due to the increased emphasis on wastewater treatment and environmental requirements. The expanding use of enhanced oil recovery techniques in the oil and gas industry accelerates market expansion even further. Furthermore, the growing awareness of sustainable agriculture practises and soil conditioning boosts polyacrylamide demand in the agriculture industry. Technological developments, product innovations, and strategic collaborations among market participants all contribute to the polyacrylamide market's dynamic nature, promoting growth and creating new opportunities for industry expansion.
Global polyacrylamide market Drivers
The growing use of polyacrylamide in the petroleum industry, specifically for enhanced oil recovery (EOR) applications, is driving the global polyacrylamide market. Polyacrylamide is critical in boosting oil recovery from reservoirs, increasing production rates, and optimising oil extraction efficiency. The increasing demand for oil, combined with the necessity to develop mature oil fields as well as unconventional resources, have encouraged the use of polyacrylamide in EOR procedures. Polyacrylamide, with its capacity to improve oil displacement, reduce viscosity, and improve sweep efficiency, is a significant driver for the global market, catering to the changing needs of the petroleum industry.
Concerns about the potential adverse effects of polyacrylamide use are one of the key barriers for the global polyacrylamide industry. The use of polyacrylamide in agricultural applications raises concerns regarding acrylamide contamination of food products, which is a proven carcinogen and neurotoxic. These worries concentrate around the potential health dangers provided by acrylamide in food. As a result, in order to ensure the safety and well-being of consumers and the environment, extensive examination, strict restrictions, and good handling practises are required to minimise the dangers connected with polyacrylamide usage.
The worldwide polyacrylamide industry offers numerous opportunities for expansion and development. One major opportunity is the growing need for water treatment solutions around the world, which is being driven by the need for clean and safe water sources. Furthermore, the growing emphasis on sustainable agriculture practises and soil conditioning provides opportunities for the use of polyacrylamide in precision farming and erosion prevention. Polyacrylamide has prospects in the increasing cosmetics industry as binders and stabilisers in cosmetic compositions. With numerous applications across sectors, the polyacrylamide market offers significant opportunity for firms to capitalise on growing opportunities and meet changing market demands.
By Physical Form
In the polyacrylamide sector, segmentation is done based on the physical form of the product, which comprises powder, liquid, and emulsion/dispersions. Polyacrylamide is available in powder form, which makes it easier to handle and store. Liquid polyacrylamide is easy to use and enables for precise dosing in a variety of applications. Polyacrylamide emulsions and dispersions provide a stable and homogeneous solution, allowing for consistent distribution and application. This physical form segmentation allows manufacturers and end-users to select the most appropriate form of polyacrylamide for their unique needs, enabling efficient and effective utilisation across a wide range of industries and applications.
Based on application
Segmentation in the polyacrylamide industry based on application is done including encompassing enhanced oil recovery, flocculants for water treatment, soil conditioner, binders and stabilizers in cosmetics, and other applications. Polyacrylamide plays a vital role in enhanced oil recovery techniques, improving oil extraction efficiency. In water treatment, it serves as a flocculant, facilitating solid-liquid separation and purifying water. As a soil conditioner, polyacrylamide helps retain moisture and improve soil structure. It also finds application as binders and stabilizers in cosmetics, enhancing product formulation and performance. This application-based segmentation enables customized solutions for diverse industries, meeting specific needs and driving the widespread adoption of polyacrylamide
By End-user
By End User, the industry is segmented including water treatment, oil and gas, pulp and paper, mining, and other end-user industries. In the water treatment sector, polyacrylamide is widely used for flocculation and sedimentation processes. In the oil and gas industry, it finds application in enhanced oil recovery and drilling operations. Polyacrylamide also plays a crucial role in the pulp and paper industry for retention and drainage improvement. In the mining sector, it aids in mineral processing and tailings management. Other end-user industries, such as agriculture, textiles, and personal care, also utilize polyacrylamide for various applications. This end-user-based segmentation enables targeted solutions and caters to the diverse needs of different industries, driving the demand for polyacrylamide.
Global polyacrylamide market Overview by Region.
The Asia-Pacific region holds significant potential for market expansion. The region's favorable market conditions, coupled with increasing industrialization, technological advancements, and growing investments in various sectors, contribute to the expected high growth rate. With a strong focus on infrastructure development and rising consumer demand, Asia-Pacific emerges as a key driver in the global market, presenting lucrative opportunities for industry players operating in the region.
The stringent regulations governing wastewater disposal in North America are anticipated to drive the demand for polyacrylamide. These regulations necessitate effective treatment of industrial wastewater, creating a market need for polyacrylamide as a flocculant and water treatment solution. As companies strive to comply with these regulations and mitigate environmental impact, the demand for polyacrylamide is expected to increase, presenting growth opportunities for the industry in the North American region.
Global polyacrylamide market Competitive Landscape
The polyacrylamide market is characterised by a highly competitive environment and the presence of multiple major and well-established firms. These businesses compete fiercely for market share and strive to maintain their dominant positions. As firms strive to differentiate themselves and create unique value propositions, the competitive climate encourages innovation, product development, and strategic activities. Furthermore, the market's competitiveness stimulates innovations in technology, quality, and customer service, ultimately benefiting customers and encouraging the polyacrylamide industry's overall growth and development. The major players in the market are, SNF Group, BASF SE, Kemira, Ashland Inc., Anhui Jucheng Fine Chemical Co., Ltd. (CJCC), Black Rose Industries Ltd., Dongying Kechuang Biochemical Industrial Co., Ltd., Shandong Polymer Bio-Chemicals Co., Ltd., Xitao Polymer Co., Ltd., ZL EOR Chemicals Ltd.
Global polyacrylamide market Recent Developments
In Feb 2022,
Kemira revealed its commencement of large-scale manufacturing for a novel polymer made from biobased feedstock, specifically polyacrylamide.
Scope of Global polyacrylamide market Report
Global polyacrylamide market Report Segmentation
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ATTRIBUTE |
DETAILS |
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By Physical Form |
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Based on application |
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By End-user Industry |
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By Geography |
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Customization Scope |
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Pricing |
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Objectives of the Study
The objectives of the study are summarized in 5 stages. They are as mentioned below:
To identify and estimate the market size for Global polyacrylamide market segmented by technology, component, payment mode, vertical, and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of contactless payment between 2023 and 2031.
To identify and infer the drivers, restraints, opportunities, and challenges for Global polyacrylamide market
To find out the factors which are affecting the market of Global polyacrylamide market among consumers
To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
Research Methodology
Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region. The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.
Data Collection
Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.
Primary Research
After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market.
Secondary Research
A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
Top-Down Approach & Bottom-Up Approach
In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.
In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.
This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.
Market Analysis & size Estimation
Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.
Quality Checking & Final Review
The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.
