Polyacrylamide (PAM) Market Size, Share to Grow at a CAGR of 6.27% by 2032 | ChemAnalyst
The Polyacrylamide (PAM) market is likely to expand and grow to reach 21 thousand tonnes by 2032 at a healthy CAGR of 6.27% in the forecast period.
According to ChemAnalyst report, “Global Polyacrylamide (PAM) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2032”, The Polyacrylamide (PAM) market is likely to expand and grow to reach 21 thousand tonnes by 2032 at a healthy CAGR of 6.27% in the forecast period. In the upcoming years, it is predicted that rising consumer awareness of wastewater treatment will fuel the market for coagulants and flocculants and, in turn, increase demand for polyacrylamide.
Polyacrylamide (PAM) is a polymer with a linear-chain structure. This polymer is synthesized by a chemical reaction between acrylamide and acrylic acid. It is water-soluble in nature which drives its applications in multiple industries. PAM comes in powder, liquid, and emulsion form and is a valuable agent in various applications. Solid particles present in a liquid can be coagulated or flocculated with the help of polyacrylamide due to which it finds its application in water treatment. Polyacrylamide is frequently used in petroleum applications worldwide to promote oil recovery due to its property to turn water more viscous. Polyacrylamides also have applications in the agriculture sector. Polyacrylamides tend to bind soil particles, particularly clays, to keep them in place, which helps with erosion control and reduces soil sealing. Polyacrylamide is frequently employed in the processing of minerals in mining operations to extract minerals.
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The constantly growing population coupled with environmental degradation is resulting in reduction of freshwater reserves. To solve this, methods are being developed to treat wastewater and make it for domestic and other uses. When added to treated water, polyacrylamide causes suspended particles to aggregate and precipitate, making it one of the main flocculants or coagulants used to treat municipal and industrial wastewater. Thus, waste water treatment is the primary driver of the PAM market. Furthermore, the usage of anionic PAM for usage in metal industry for purpose of electroplating in steel and iron plants and coal-washing waste water plants further contributes to the growing PAM market. Also, strong environmental rules that are implemented by local regulatory organisations and the governments across the globe towards water treatment also have a significant impact on the Polyacrylamide market.
The Polyacrylamide (PAM) market is segmented based on end-use, sales channel, and region. Based on end-use, the Polyacrylamide (PAM) market is segregated into Water Treatment, Enhance Oil Recovery, Pulp & Paper, Mineral Processing, and Others. Although, Water Treatment is the leading segment of Polyacrylamide market. This segment a market share of approximately 35% in 2021. Other leading consumers of PAM are for Enhance Oil Recovery and Pulp & Paper industries.
Based on demand, Asia Pacific is dominating the Polyacrylamide (PAM) market among all other regions and consumed approximately 50% of the global Polyacrylamide (PAM) in 2021. It is anticipated that it will continue to remain the most significant consumer owning to the growing demand of chemicals for wastewater treatment to fulfil the demand of freshwater for domestic and industrial purposes.
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“Global Polyacrylamide (PAM) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2032”, the significant players in the Polyacrylamide (PAM) market include are SNF Floerger Group, BASF, Anhui Jucheng Fine Chemicals Co., Ltd., Xitao Polymer Co., Ltd, Kemira Oyj, Black Rose Industries Limited, Wuxi Tianxin Chemicals Co., Ltd., Tianrun Chemicals, China National Petroleum Corporation, and others.
“Consistently growing demand for Polyacrylamide (PAM) in the water treatment industry is mainly due to its anionic character that makes it an excellent flocculating and coagulating agent. Due to freshwater scarcity coupled with rapid industrialization in near future, it is anticipated that the demand of PAM for wastewater treatment will drive the Global Polyacrylamide (PAM) market in the forecast period until 2032. Since, polyacrylamides function as an oil-field yield enhancers, which is another reason to fuel the demand of Polyacrylamide (PAM) in the forecast period till 2032. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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