Global Polyacrylamide Market Size to grow USD 29.65 Billion by 2030 | CAGR of 7.4%: Spherical Insights

New York, United States, Feb. 15, 2023 (GLOBE NEWSWIRE) -- According to a research report published by Spherical Insights & Consulting, the Global Polyacrylamide Market Size to grow from USD 15.60 billion in 2021 to USD 29.65 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 7.4% during the forecast period. The rise of the oil recovery sectors has expanded over time, which has led to an increase in demand for polyacrylamides. Investment in the water treatment industry has increased, further driving the global polyacrylamide market.

Key Insights

• The global Polyacrylamide Market was valued at USD 15.60 Billion in 2021.
• The Market is growing at a CAGR of 7.4% from 2022 to 2030
• The global Polyacrylamide Market is expected to reach USD 29.65 Billion by 2030
• The market is geographically divided into five regions: Europe, South America, the Asia-Pacific, North America, and the Middle East and Africa.

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View a detailed Table of Content here–

The COVID-19 pandemic has made an adverse impact on credit portfolios. There has been an unprecedented rise in unemployment and disruption in economic activity, putting a strain on the solvency of customers and companies. Central banks have taken a proactive approach by injecting liquidity into the market by lowering interest rates and asset purchase programs. Managing and monitoring credit, market, liquidity, and operational risk across financial markets were hard enough with ongoing geopolitical tensions, international trade wars, and the occasional hurricanes and earthquakes. The current pandemic situation has forced chief risk officers and their teams to recalibrate old assumptions and models used to manage and monitor risk. COVID-19’s global impact has shown that interconnectedness plays an important role in international cooperation. As a result, many governments started rushing toward identifying, evaluating, and procuring reliable solutions powered by AI.

Browse key industry insights spread across 207 pages with 110 market data tables and figures & charts from the report “Global Polyacrylamide Market Size, Share, and COVID-19 Impact Analysis By Type (Cationic, Anionic, Non-ionic and Others), By Application (Enhanced Oil Recovery, Water Treatment, Mineral processing, Pulp & Paper, and Others) and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2021 – 2030 ” View a detailed Table of Content here– https://www.sphericalinsights.com/reports/polyacrylamide-market

The Anionic segment to account for the largest market size during the forecast period

Based on the Type, the Polyacrylamide Market is categorized into Cationic, Anionic, Non-ionic and Others. The Anionic segment to account for the largest market size during the forecast period. Throughout the forecast period, the Anionic Oil segment is anticipated to maintain its leading position because of its expanding use in wastewater treatment, paper manufacture, and oil recovery operations. The features of anionic, which have a large molecular weight and exhibit significant degrees of polymerization, are the main cause of this increase. Additionally, it demonstrates adaptable qualities, including shear, flocculation, dispersibility, thickening, and drag-reduction. Additionally, it is economical, which has increased its widespread use in the industry.

The Oil Recovery segment to hold a higher CAGR during the forecast period.

Based on the application, the Polyacrylamide Market Share is categorized as Enhanced Oil Recovery, Water Treatment, Mineral processing, Pulp & Paper, and Others. The Oil Recovery segment is to hold a higher CAGR during the forecast period. Throughout the forecast period, the Oil Recovery segment is anticipated to maintain its leading position while expanding at the fastest CAGR because of the rising need for better oil recovery, fast urbanisation, and population expansion that is anticipated to have considerable growth throughout the anticipated time. Polyacrylamide is employed in various settings and functions as an agent, including oil drilling additive, drag reduction, and better oil recovery.

Polyacrylamide Market Report Scope: -

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Asia Pacific is estimated to account for the highest market share in 2022. 

The Global Polyacrylamide Market has been segmented into five major regions:  North America, Europe, Asia-Pacific, South America, The Middle East and Africa.  The rising acceptance by the market are driving the demand for Polyacrylamide. The market for Polyacrylamide was dominated by the Asia Pacific region mostly due to the fast expansion of the water treatment sector in China, and India is the main driver of the growth. Along with it, nations in the APAC region have significantly contributed to various applications shaping the global polyacrylamide market. North America to hold a higher CAGR during the forecast period

Market Segment

This study forecasts global, regional, and country revenue from 2019 to 2030. The market is segmented by

Global Polyacrylamide Market, By Type

• Cationic
• Anionic
• Non-ionic
• Others

Global Polyacrylamide Market, By Application

• Enhanced Oil Recovery
• Water Treatment
• Mineral processing
• Pulp & Paper
• Others

Regions Covered

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa

List of Key Market Players

• SNF FLOERGER
• Kemira
• BASF
• ASHLAND
• NALCO
• Dia-Nitrix
• Mitsui Chemicals
• Arakawa Chemical
• PetroChina Daqing
• Bejing Hengju
• Anhui Jucheng Fine Chemicals
• Xitao Polymer
• Shandong Polymer Bio-chemicals
• Anhui Tianrun Chemicals
• Zhengzhou Zhengli Polymer
• Xinxiang Boyuan Water-purifying Materials
• Zibo Xinye Chemical
• Black Rose Industries
• Dongying Kechuang Biochemical
• Other

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Some Recent Developments News in the Global Polyacrylamide Market:

• USA, In October 2018, A memorandum of understanding (MOU) was signed by BASF and SINOPEC to deepen their partnership in China to meet rising consumer needs.

• USA, In June 2019, To increase the scope of its product offering, BASF joined with NGK and signed a sales contract.

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