Vantage Market Research releases its latest comprehensive report on the ‘Polyacrylamide Market’ with a forecast period of 2025-2034. In 2023, the global Polyacrylamide (PAM) Market size was USD 5.12  billion, and is calculated at USD 5.44 billion in 2024. The market is projected to reach USD 9.92 billion in 2034, and register a revenue CAGR of 6.2% over the forecast period (2025-2034). 

Market Overview:

Global Polyacrylamide (PAM) Market revenue growth is driven primarily by factors such as rapidly increasing demand from water and wastewater treatment facilities, expanding oil and gas exploration and recovery initiatives, and increasing demand from paper and textiles manufacturing industries. PAM is used in a variety of industries for various purposes and functionalities. Anionic polyacrylamide is in high demand for applications such as sewerage treatment, mining and ore recovery, biotechnology laboratories, soil conditioning and erosion control, applications in horticulture, and paper and pulp industries. Demand for PAM is also increasing steadily due to rising energy demand and increased need for more efficient oil recovery methods. 

Partially Hydrolyzed Polyacrylamide (HPAM) is the most common type of polymer used Enhanced Oil Recovery (EOR) to improve extraction of crude oil from reservoirs and consumption volumes are rising steadily. Also,  PAM is used as an inhibitor in drilling fluids to coat or encapsulate formations and cuttings, and can also be used as a flocculent in clear water drilling, and in reservoir modification.

Demand for polyacrylamide is also rising from the textiles industry. It is widely used for various applications in fabric manufacturing and processing, as well as a printing and dyeing auxiliary, stabilizer for bleaching non-silicon polymers, and anionic polyacrylamide is used for purification of textile printing and dyeing wastewater. 

In agriculture applications, polyacrylamide plays a role as synthetic polymer for soil conditioner to improve soil structure and reduce erosion. It binds soil particles together, thereby ensuring no movement if subjected to water flow or erosion, and also stabilizes soil aggregates and reduces surface sealing. It is highly beneficial in rain-fed agriculture and sprinkler irrigation practices, and serves to improve water quality and water-use efficiency. 

Polyacrylamide is used in the cosmetics and personal care products as a stabilizer and binds ingredients. It is also used due to foaming, anti-static, and lubricating properties. Polyacrylamide is also used in food processing and food packaging applications as flocculant and thickener. It is also used in mining applications, medicine and biochemistry for purification and assays, and in denture adhesives, contact lenses, diapers, and wound dressings.

Wide applicability and application of polyacrylamide across a variety and range of industries is expected to continue to support revenue growth of the global polyacrylamide market over the forecast period.   

Some Key Takeaways:

• Asia Pacific polyacrylamide market is expected to register fastest revenue growth rate over the forecast period. 
• In 2024, Asia Pacific is estimated to have consumed 2.21 million tons, with over 30% used in the oil and mineral mining industries.
• China is expected to dominate other countries in APAC due to high demand for water treatment and robust expansion of oil and gas, mining, and textile industries.
• In the North America polyacrylamide market, the US leads in terms of revenue share contribution, primarily supported by increasing use of polyacrylamide in enhanced oil recovery (EOR) in the oil and gas sector.
• In the Europe polyacrylamide market, Germany and France account for significant demand volume due to robust water treatment frameworks and demand in the paper and pulp industries.
• In Latin America, Brazil leads among the country-level markets in terms of revenue share and volume consumption, driven by growing agricultural sector and rising demand for water treatment.
• The anionic segment among the type segments is expected to account for largest revenue share in the global polyacrylamide market over the forecast period.
• Among the form segments, the powder segment is expected to continue to account for largest revenue share. 
• The flocculants for water treatment segment among the application segments is expected to dominate others in terms of revenue share. 
• Among end-user industry segments, the water treatment segment is expected to account for largest revenue share over the forecast period. 
• The competitive landscape in the global polyacrylamide market is marked by presence of a number of large multinational companies, along with regional players competing for market share. 
• Leading companies such as BASF SE, Kemira Oyj, SNF Group, and Solvay S.A. dominate others in the market due to extensive product portfolios, global presence, and strong distribution networks.  

Company List:

• SNF
• BASF SE
• Solenis LLC
• Sterling Specialty Chemicals
• Beijing Hengju Chemical Group Co., Ltd.
• Anhui Jucheng Fine Chemicals
• Solvay
• Kemira
• Xitao Polymer Co.
• China National Petroleum Corporation
• The Dow Chemical Company
• PetroChina Company Limited
• Black Rose Industries Ltd
• ZL Petrochemical Co., Ltd
• Ashland Inc.

Recent Developments:

• August 5, 2024:  SNF made significant strategic moves with the signing agreements to acquire PfP Industries and Ace Fluid Solutions. Dates for completion are yet to be announced, but these strategic acquisitions reinforce commitment of SNF to delivering best-in-class solutions and highlights dedication to driving long-term value for upstream oil and gas customers. SNF is a specialty chemical group based in Andrezieux, France, whose products contribute to treating, recycling, preserving water, saving energy, and reducing carbon footprint. While PfP Industries is a global leader in ‘dry on the fly’ and slurry friction reducer technologies and applications, Ace Fluid Solutions has expertise in fluid management. SNF can through this move be able to offer in each basin a diverse array of friction reducers in the form of an emulsion, slurry, or dry, which can be linked to additional frac fluid chemistry, such as surfactants, scale control agents, guar, crosslinkers, and other water treatment products and services to support a complete offering. 
• July 17, 2024: Solenis announced it signed an agreement to acquire flocculants business for mining applications from BASF, and financial details of the transaction have been agreed to be withheld by both parties. The BASF product portfolio includes flocculants and other products used for solid liquid separation and material handling in mining applications under trademarks Magnafloc, Rheomax, Alclar, Alcotac, Jetwet, Aerowet, and Alcotech. Solenis is owned by Platinum Equity, which is a leading global producer of specialty chemicals focused on delivering sustainable solutions for water-intensive industries, including pulp and paper, institutional, industrial, food and beverage, and pool and spa water markets. The company’s product portfolio includes a broad array of water treatment chemistries, process aids, functional additives, cleaners, disinfectants, and state-of-the-art monitoring, control and delivery systems.

Polyacrylamide Market Segmentation:

By Type:

• Cationic
• Anionic
• Non-ionic

By Form: 

• Powder
• Liquid
• Emulsion/Dispersions

By Application:

• Enhanced Oil Recovery
• Flocculants for Water Treatment
• Soil Conditioner
• Binders And Stabilizers in Cosmetics
• Food Processing
• Other

By End-User Industry:

• Water Treatment
• Oil and Gas
• Pulp & Paper
• Mining
• Textiles
• Food
• Agriculture
• Construction
• Cosmetics
• Household Products
• Other 

Regional Segmentation: 

North America

• United States
• Canada
• Mexico

Europe

• Germany
• United Kingdom
• France
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Rest of Asia Pacific

Latin America

• Brazil
• Argentina
• Rest of Latin America 

Middle East & Africa

• Saudi Arabia
• South Africa
• United Arab Emirates
• Israel
• Rest of MEA

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