Polyacrylamide Market is Estimated to Witness High Growth Owing to its Wide Applications Across Industries"


Polyacrylamide Market


Polyacrylamide is a synthetic polymer used as a flocculant in water treatment processes and as a soil conditioner in agriculture. It helps to remove turbidity and suspended solids from water. Polyacrylamide is also used as a thickening agent in cosmetic products, as a strengthening agent in concrete, as a conditioner in papermaking, and in enhanced oil recovery. The growing industrial and municipal needs for purified water is driving the demand for effective wastewater treatment processes using polyacrylamide as a key component.

The global Polyacrylamide Market is estimated to be valued at US$ 5.87 Bn in 2023 and is expected to exhibit a CAGR of 61% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:
The wide applications of polyacrylamide across industries such as water treatment, oil & gas, mining, paper manufacturing, etc. presents a huge market opportunity. With growing industrialization and urbanization in developing regions of the world, the need for efficient wastewater treatment and oil recovery processes is increasing rapidly. Polyacrylamide, thanks to its high efficiency and non-toxic nature, serves as the ideal flocculant and coagulant agent in these processes. The market is expected to witness high demand from industries in the coming years owing to stricter environmental regulations regarding water pollution and growing scarcity of water resources globally.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is moderate as the polyacrylamide market requires significant R&D investments to develop new products. However, the demand for polyacrylamide is growing rapidly which can attract new players.

Bargaining power of buyers: The bargaining power of buyers is high due to the presence of numerous manufacturers. Buyers can negotiate on price and demand better quality products and services.

Bargaining power of suppliers: The bargaining power of suppliers is moderate as switching costs from one supplier to another are low. However, suppliers have to meet strict quality standards and adhere to regulatory compliances.

Threat of new substitutes: The threat of substitutes is low as polyacrylamide has unique properties and there are limited alternatives available for its applications in various industries.

Competitive rivalry: Market players face high competition due to their focus on product innovation, pricing, and quality.

SWOT Analysis

Strength: Growing demand from various end-use industries like oil & gas, municipal wastewater treatment. Strong R&D capabilities of major players.

Weakness: Fluctuations in raw material prices impact the overall production cost. Stringent environmental regulations regarding the discharge of wastewater.

Opportunity: Increasing exploration and production activities in the oil & gas industry. Growing water scarcity leading to rise in wastewater treatment projects.

Threats: Availability of substitutes like polyacrylates and polymethacrylates limits the market growth. Supply chain disruptions due to COVID-19 pandemic.

Key Takeaways

Global Polyacrylamide Market Demand is expected to witness high growth during the forecast period of 2023-2030 due to extensive usage in various industries like oil & gas, water treatment, and mining.

Regional analysis: Asia Pacific holds the major share in the global polyacrylamide market and is expected to maintain its dominance during the forecast years. Growing population, industrialization, and urbanization in countries like China and India are fueling the demand for polyacrylamide in this region.

Key players related content: Key players operating in the polyacrylamide market are Cargill Inc., Nu-Tek Food Sciences LLC, Koninklijke DSM N.V., Montana Indusrie Holding A.G., Angel Yeast Co. Ltd., Tate & Lyle Plc, and Innophos Holding Inc. Cargill Inc. is one of the leading producers of polyacrylamide with a wide portfolio of water treatment chemicals andservices.


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