The polyacrylamide market size is expected to be 2.17 million tons in 2024, and it is expected to reach 2.84 million tons by 2029, with a compound annual growth rate of 5.45% during the forecast period (2024-2029).

• In the medium term, the increasing use of polyacrylamide in the oil and gas industry to improve oil recovery and the increasing demand for polyacrylamide as a flocculant in the water treatment industry are expected to drive demand.
• Health problems caused by exposure to acrylamide monomers are expected to hinder the growth of the market.
• The emerging application of polyacrylamide in the biomedical industry and the development of bio-based polyacrylamide are expected to provide lucrative opportunities for the market.
• The Asia-Pacific region occupies the highest market share, and this region is likely to dominate the market during the forecast period.

Polyacrylamide market trend

• Polyacrylamide is a kind of water-soluble polymer flocculant, which is polymerized with acrylamide. The polymer is considered an ideal choice for water and wastewater treatment because it can increase viscosity and promote particle flocculation. Therefore, the polymer can be used as a flocculant for industrial water purification, drainage purification, sewage treatment, sewage treatment, etc.
• It can also be used in the drinking water industry. The presence of sodium in raw water due to colloidal particles makes it unsuitable for drinking, so it needs to be dissolved and filtered before use. In this case, polyacrylamide acts as a low molecular weight flocculant and removes additional sodium from the water, making it suitable for drinking.
• The use of polyacrylamide in the water and wastewater treatment industry minimizes the use of other traditional flocculants to remove bacteria, viruses, algae and other unwanted impurities, thereby significantly reducing sludge and making the process more economical and cost-effective.
• The global water consumption rate increases by 100% every two decades. The increasing shortage of drinking water, coupled with the growth of the population and the increase in water demand, is the main problem driving the global membrane wastewater treatment market demand. Currently, China and the United States are the world's two largest markets for water recycling and reuse.
• The U.S. Environmental Protection Agency (EPA) announced in September 2023 that it will invest $7.5 billion from available Water Infrastructure Financing and Innovation Act (WIFIA) funds. This innovative low-interest loan program helps communities invest in drinking water, wastewater, and stormwater infrastructure, while saving millions of dollars and creating high-paying local jobs. To date, the EPA's WIFIA program has announced $19 billion in grants, financing 109 projects nationwide.
• The German water treatment technology market is the largest in Europe and is growing significantly. The increase in water treatment activities (mainly in the northern part of the country) is increasing the demand for water treatment chemicals. According to data from the Federal Ministry of Environment and Nature Conservation, the country's water supply and wastewater treatment industry has an annual output value of about 22 billion euros (23.33 billion U.S. dollars).
• According to data from Eurostat and the German Federal Statistics Office, the revenue of the German water supply, sewage treatment and waste management industry in 2022 will be US999.63 billion.
• Taking into account the growth trends and various water treatment projects in different regions of the world, the water treatment industry may dominate the market, which is expected to increase the demand for polyacrylamide during the forecast period.