Polyacrylamide Market Size by Product (Non-ionic [NPAM], Cationic [CPAM], Anionic [APAM]) and Application (Water Treatment, Petroleum, Paper Making), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 -

Polyacrylamide Market Size by Product (Non-ionic [NPAM], Cationic [CPAM], Anionic [APAM]) and Application (Water Treatment, Petroleum, Paper Making), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 - 2032

The global polyacrylamide market is expected to expand at a positive rate through 2032 owing to the soaring product demand in the petroleum sector.

Leading companies are investing heavily in innovations and advancements to bring better quality products. Polyacrylamides are utilized in hydraulic fracturing to collect unconventional gases like shale gas economically. It is projected that rising product demand in the North American petroleum sector will drive market expansion.

Additionally, the expansion of the paper sector and the rise in online shopping have increased the need for printing papers, which has favored the expansion of the polyacrylamide market. Furthermore, the growing urbanization in Latin America will further fuel market growth because of the rising use of polyacrylamides for controlling construction site erosion.

The polyacrylamide market has been segmented in terms of product, application, and region.

Based on product, the industry has been divided into non-ionic, cationic, anionic, and others. The others segment registered a market valuation of $365.60 million in 2022 and is anticipated to proliferate at a CAGR of more than 3.5% through the forecast timeline due to the complexities of urban sewage discharge as well as the increased demand for high-efficiency sludge dewatering agents. When dewatering sludge from chemical and refinery operations, the amphoteric polyacrylamide produces outstanding results. Amphoteric, copolymers, as well as homopolymers, are other types of polyacrylamide.

With respect to application, the polyacrylamide market is classified into water treatment, petroleum, paper making, and others. The others segment is set to witness exceptional market growth of around $660.60 million by the end of 2032 attributed to the growing textile and clothing market and quick consumer adoption of fashion trends. When the cloth is post-treated in the textile industry, polyacrylamide is used as a finishing agent to provide a soft, anti-mold protective layer, as well as anti-wrinkle.

From the regional perspective, the Latin America polyacrylamide industry is projected to showcase a sturdy CAGR of over 5.5% between 2023 and 2032 credited to the growing metal demand will fuel high investment in mining for metals and minerals, driving up demand for polyacrylamide for mining applications and quickening industry growth. Polyacrylamide is employed as an organic polymer flocculant when treating wastewater from mineral processing through flocculation.

Meanwhile, the Middle East & Africa polyacrylamide market is speculated to witness a robust CAGR of approximately 6.5% through the forthcoming timeline. The MEA polyacrylamide market, which is expected to grow more quickly, may have prospects due to factors such as developing wastewater treatment technologies, increased investments in water treatment initiatives, as well as wastewater reuse with tertiary filtering.