Global Polyacrylamide Market Outlook 2018-2023

Global polyacrylamide market is expected to grow at a significant CAGR of 4.5% by 2023 as the scope and its applications are rising enormously across the globe. Polyacrylamide is abbreviated as PAM and also termed as poly (1-carbamoylethylene) or poly (2-propenamide) is produced by the polymerization of acrylamide. Polyacrylamide is an acrylic resin that has the exceptional property of being soluble in water. It is exclusively used as a binder and stabilizer in personal care and cosmetics products.

The factors that are playing a major role in the growth of market are rapid urbanization and growing populace in developing countries, the rising demand for enhanced oil recovery, and the growing awareness among populace regarding wastewater management. However, the fluctuating raw material cost and the presence of alternative water treatment technologies may restrain overall market growth in the years to come. Polyacrylamide market is segmented based on type, application, and region.

Non-ionic, anionic, cationic, and other types could be explored in the forecast period. The cationic sector may account for the majority market share in the years to come. The reason behind the overall sector growth could be the high demand in beverage, wastewater treatment in alcohol, sugar, and monosodium glutamate industries.

The market may be categorized based on applications like, mineral processing, water treatment, pulp & paper, enhanced oil recovery, and others that could be explored in the forecast period. The water treatment sector may account for the substantial market share of polyacrylamide and is estimated to lead the overall market in the years to come. The reason could be its rising demand in water treatment industry.

Polyacrylamide market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Middle East (UAE, Saudi, and Qatar) and Africa (South Africa). Globally, Asia Pacific accounted for the substantial market share and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the rising demand for polyacrylamide in the advanced oil recovery industries in India, China, and Japan. 

North America and Europe are also estimated to have a positive influence on future growth. North America is the second largest region with significant market share due to its growing demand for water treatment. However, Europe is estimated to grow at the highest CAGR in the forecast period. The key players of the polyacrylamide market are Daqing Petrochemical Company, BASF SE, Anhui Jucheng Fine Chemicals Co., Ltd., Kemira OYJ, and SNF Floerger Group. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

Global polyacrylamide (PAM) market is anticipated to grow at a CAGR of 4.5% by 2023, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application (paper, water treatment, mining, oil & gas, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the Polyacrylamide market on a global and regional level. The study provides historic data of 2013-2017 along with a forecast from 2018 to 2023 based on both output/volume and revenue. The study then describes the drivers and restraints for the Polyacrylamide market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Polyacrylamide market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global Polyacrylamide market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

The research report provides analysis and information according to market segments such as geographies, types and applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2023. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global Polyacrylamide market.

Key Applications
- Paper
- Water Treatment
- Mining
- Oil & Gas

Key Regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
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Key Questions Answered in this Report
- What will the market size be in 2023?
- What are the key factors driving the global Polyacrylamide market?
- What are the challenges to market growth?
- Who are the key players in the Polyacrylamide market?
- What are the market opportunities and threats faced by the key players?