The market prospects of polyacrylamide

Growth Trends and Scale Projections:
According to the statistics of Berys Research, the global polyacrylamide market size reached 38.038 billion yuan in 2023. It is expected to reach 56.518 billion yuan by 2029, with an annual compound growth rate of approximately 6.08%.
QYResearch predicts that the global polyacrylamide market size is expected to grow at an average annual rate of about 5.19% in the next few years and will reach 7.97 billion US dollars by 2030.
Driving Factors:
Promotion by Environmental Protection Policies: The global attention to environmental protection is constantly increasing. In the field of water treatment, polyacrylamide, as an efficient flocculant, can effectively remove suspended solids, color, and some organic matter in water. It helps industrial and municipal sewage treatment plants meet discharge standards, upgrade and transform, and contributes to the treatment and restoration of the water ecological environment. With the construction and operation of sewage treatment plants around the world, the water treatment market will further expand, and the demand for polyacrylamide will increase accordingly.
Growth in Demand from Oil Extraction: Polyacrylamide is currently the most widely used oil displacement polymer and an additive in acid fracturing fluids. With the continuous growth of global energy demand, oil extraction companies' demand for polyacrylamide will also remain steadily increasing to improve oil recovery rates. For example, in China, the equivalent of oil and gas production reached a record high in 2023, and the crude oil production has been rising steadily. As the oil and gas extraction volume increases and the recovery rate continues to improve, the market for oilfield chemicals will continue to grow rapidly, and so will the market for polyacrylamide, which is used as an oil displacement polymer and an additive in acid fracturing fluids.

Continuous Expansion of Application Fields: In addition to traditional fields such as oil extraction, water treatment, and papermaking, the applications of polyacrylamide in emerging fields such as agricultural water-retaining agents, soil conditioners, and medical carriers are also constantly being explored and developed, bringing new growth points to the market.
Technological Progress and Innovation: The research and development of new materials and the improvement of production processes have enhanced the performance and production efficiency of polyacrylamide, reduced costs, and broadened its application fields. As a result, it can be used in more industries and scenarios, driving the growth of market demand.
Regional Markets:
Asia-Pacific Region: It is one of the regions with the fastest-growing polyacrylamide market globally. Thanks to the rapid economic development and acceleration of industrialization in emerging market countries such as China and India, the strong demand for infrastructure construction and manufacturing upgrades in these countries provides a huge market space for polyacrylamide products. At the same time, with the improvement of environmental awareness and the perfection of environmental protection regulations, the PAM market in the Asia-Pacific region will pay more attention to the environmental performance and sustainability of products.
North American Market: It is one of the important markets for polyacrylamide. Benefiting from a mature industrial system and strict environmental protection regulations, this market has a strong demand for high-performance and environmentally friendly polyacrylamide products. In the future, with the rise of industries such as new energy and new materials, the application prospects of polyacrylamide in the North American market will be even broader.
European Market: Attaches great importance to product quality and environmental performance, and has high technical requirements for polyacrylamide products. At the same time, European countries are at the forefront in terms of environmental protection policies, providing a favorable policy environment for the application of polyacrylamide in fields such as water treatment. It is expected that the polyacrylamide market in Europe will maintain a stable growth trend in the next few years.