Polyacrylamide Market is forecasted to rise at a 6.14% CAGR, reaching USD 6.836 billion in 2031 from USD 4.781 billion in 2025.
The polyacrylamide market is anticipated to grow due to the rising demand for the product across various application sectors, including wastewater treatment, oil recovery, paper-making, and food and beverage. Manufacturers intend to locate their manufacturing facilities in the Asia Pacific due to its high consumption rates, plentiful raw material availability, and affordable labor and land costs.
Expansion of the Oil Recovery Sector
The demand for polyacrylamides has increased due to the expansion of the oil recovery sectors. As per the International Trade Administration data for 2023, the US natural gas gross withdrawals saw an increase from 1,20,306 million cubic feet per day in 2022 to 1,24,609 million cubic feet per day in 2023. This growth will significantly impact the polyacrylamide market during the forecast period. To meet the rising demand, manufacturers are projected to increase product quality and R&D spending while lowering total polyacrylamide costs. In April 2023, Ashland Inc. announced the expansion of its polyacrylamide production capacity in China.
Rising Demand for Wastewater Treatment
To increase the effectiveness of wastewater treatment, polyacrylamide is used for dewatering, flotation, and sedimentation. Cationic organic coagulants can be employed either alone as the primary coagulant in potable water treatment or in conjunction with an inorganic coagulant to increase coagulation efficiency. According to the Organization for Economic Cooperation and Development, in 2021, 92.90% of the total population in Australia was connected to wastewater treatment plants. In contrast, in Chile, 100% of the population was connected, fueling the polyacrylamide market. Countries like South Africa and Israel are still developing systems to connect more people to wastewater treatment plants.
Government Regulations
The stringent environmental regulations implemented by local regulatory organizations and the government to handle industrial wastewater are another factor that substantially influences the market during the forecast years. The Safe Drinking Water Act (SDWA) and the U.S. Environmental Protection Agency's (EPA) guidelines and amendments on wastewater treatment are expected to increase demand for water treatment chemicals and spur industrial expansion for polyacrylamide.
Asia-Pacific is Expected to Grow at a Modest Pace Over the Forecast Period.
The increasing construction and building activities in various developing countries are increasing the demand for polyacrylamide in the region. As per the data from the National Development and Reform Commission (NDRC), OVER 32% OF China’s seven major water systems and around 29% of China’s major basins did not have adequate cleanliness standards. With the increase in industrial activities and construction waste, waste material is being dumped in such water bodies, polluting the water bodies. Additionally, there has been an increase in oil and gas activities by the country. Polyacrylamide usage in China's oil and gas industries is increasing the need for the product in the country. For instance, the Tarim Oilfield, controlled by the China National Petroleum Corporation (CNPC), one of the country's largest oil and gas producers, saw a record high production of 33.1 million tons in 2022.
BASF strongly emphasizes research and development to create innovative solutions for various industries. The company invests significant resources in developing new products, technologies, and processes that address global challenges and meet the evolving needs of its customers.
Market Segmentation:
By Type
Cationic
Anionic
Non-ionic
By End-User Industry
Paper
Water Treatment
Oil & Gas
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Others
Asia Pacific
China
India
Japan
South Korea
Indonesia
Thailand
Others