Global Polyacrylamide market will reach 5,333.9 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/20

Polyacrylamide is widely used for treating wastewater as a coagulant and flocculant. The increasing awareness about depleting groundwater reserves is projected to up the demand for polyacrylamide in the near future. In addition, the rising concerns about letting out untreated industrial wastewater into natural water sources is also projected bode well for the global market. Analysts have also identified oil industry as the key end-use industry for polyacrylamide. It ensures enhanced oil recovery and is thus extensively used for drilling mud additives and fracturing fluids in oilfields. Furthermore, usage of polyacrylamide in production of pulp and paper is also expected to drive the market.

On the other hand, the rising health concerns about polyacrylamide are expected to have a negative impact on the overall market. Volatility of raw materials is also projected to hamper bulk production of this polymer. However, development of bio-based acrylamide, which is an essential component of polyacrylamide, is expected to open up several growth opportunities.

The global polyacrylamide market is expected to witness a revolutionary growth in the coming as it is extensively being used for papermaking and treating waste water. According to the report published by QY Research, the global market for polyacrylamide is expected to reach US$5,333.9 mn by the end of 2025 from US$3,698.4 mn in 2018. During the forecast period, the market is estimated to exhibit a CAGR of 6.29%.

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https://www.qyresearch.com/index/detail/428909/global-polyacrylamides-market
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