Polyacrylamide Market Research, Key Players, Analysis And Forecast 2030Posted by Mrudula Anil Karmarkar on December 26th, 2023 San Francisco, 26 December 2023: The ReportPolyacrylamide MarketSize, Share & Trends Analysis Report By Product (Cationic, Anionic), By Application (Water Treatment, Oil & Gas), By Region (Asia Pacific, North America), And Segment Forecasts, 2023 - 2030 The global polyacrylamide market size is expected to reach USD 9.1 billion by 2030, registering a CAGR of 6.5% according to a new report by Grand View Research, Inc. Increasing penetration of the product in water purification activities as a flocculating agent is expected to propel the demand for polyacrylamide. The market is highly influenced by the availability of raw material and fluctuating price trends. The prices of polyacrylamide are likely to grow over the forecast period owing to rising crude oil prices, which are further impacting the acrylamide, acrylic acid, and acrylonitrile prices. As a result, the market players are likely to integrate the value chain to reduce their dependency on the raw material supplier and increase profit margins. SNF, BASF, and Kemira are few of the top polyacrylamide manufacturers. The multinationals are expanding their production bases and volumes to strengthen their roots in the market. Moreover, the market has numerous small-scale players, selling their products in domestic market. These players are likely to offer competitive pricing to gain market share against these major players. Key applications of polyacrylamide include water treatment, oil and gas, and paper making. Other application areas include pharmaceuticals, cosmetics, and personal care products. Polyacrylamide is used as a flocculent in waste water treatment of the chemical industry and municipal sewage treatment. The growing demand for the product across various application industries including wastewater treatment, oil recovery, paper-making, and food & beverage is expected to propel the industry growth. Abundant raw material availability, low labor, and land cost coupled with high consumption in the Asia Pacific region are likely to compel manufacturers to set up their production plants in this region. However, the presence of numerous Chinese manufacturers, which offer their products at relatively lower prices are expected to be key threats for the new entrants. Increasing crude oil prices are likely to raise raw material pricing in the industry, resulting in upward trends in the polyacrylamide price trends over the next seven years. The major manufacturers, such as SNF and BASF, have brand values and strategic partners, which enable easy marketing of their products. The manufacturers are likely to improve product quality and invest more in R&D to reduce the overall polyacrylamide cost to tap the growing demands. Request sample report of Polyacrylamide Market@https://www.grandviewresearch.com/industry-analysis/polyacrylamide-market/request/rs1 Polyacrylamide Market Report Highlights
As a result, cost competitiveness is likely to be the key criterion for influencing buyers’ decisions. The industry is dominated by multinationals including SNF Group, CNPC, BASF, and Kemira, which accounted for over 50% of the overall market. These multinationals have a direct and indirect distribution system for the product supply in the domestic as well as international market. In addition, companies are expected to increase their production volumes to tap the rising demand across the globe. Polyacrylamide Market Report Scope
List Of Key Players Of Polyacrylamide Market
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