Market Size of Polyacrylamide Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 2.17 Million tons |
| Market Volume (2029) | 2.84 Million tons |
| CAGR (2024 - 2029) | 5.45 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Polyacrylamide Market Analysis
The Polyacrylamide Market size is estimated at 2.17 Million tons in 2024, and is expected to reach 2.84 Million tons by 2029, growing at a CAGR of 5.45% during the forecast period (2024-2029).
In 2022, the COVID-19 pandemic, on a global scale, forced water treatment, pulp and paper, oil and gas, and mining industries to shut down their operations, lowering the demand for polyacrylamide. The pandemic impacted almost every aspect of these industries, from product demand to workforce development to accelerating or decelerating trends already underway when it struck. Customers and their temporary production stops reduced production levels, and demand reductions significantly impacted production processes. However, the condition is expected to recover, restoring the growth trajectory of the market during the latter half of the forecast period.
- In the medium term, the growing utilization in the oil and gas industry for enhanced oil recovery and the increasing need for polyacrylamide as a flocculant in the water treatment industry are expected to drive demand.
- Health concerns caused by exposure to acrylamide monomer is expected to hinder the market's growth.
- The emerging application of polyacrylamide in the biomedical industry and the development of bio-based polyacrylamide are expected to offer lucrative opportunities to the market.
- Asia-Pacific accounted for the highest market share, and the region will likely dominate the market during the forecast period.
