Report : Asia Pacific Polyacrylamide Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Anionic, Cationic, and Non-Ionic), Form (Powder and Liquid), and End User (Water and Wastewater Treatment, Pulp and Paper Manufacturing, Oil and Gas, Mining Industry, and Others)
At 5.0% CAGR, the Asia Pacific Polyacrylamide Market is speculated to be worth US$ 1,490.52 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific polyacrylamide market was valued at US$ 1,109.84 million in 2022 and is expected to reach US$ 1,490.52 million by 2028, registering an annual growth rate of 5.0% from 2022 to 2028. Raising focus of market players on boosting production capacities and extending development of bio-based polyacrylamide.
The players operating in the polyacrylamide market are constantly focusing on increasing their production capacities to keep pace with the growing demand for polyacrylamide from the primary markets of municipal & industrial water treatment, oil & gas, mining, paper, agriculture, and personal & home care. The paper & board industry is witnessing the fastest growth. Polyacrylamide manufacturers operating in the region are adding new facilities in response to the rapid growth of the region’s paper & board industry, mining industry, etc. To support polyacrylamide production, market players are also focusing on investing in upstream monomer production capabilities. Therefore, the trend of the growing focus of market players on boosting production capacities is expected to fuel the polyacrylamide market growth.
On the contrary, volatility in raw material prices.
- Based on type, the Asia Pacific polyacrylamide market is segmented into anionic, cationic, and non-ionic. The cationic segment held 62.9% market share in 2022, amassing US$ 1,420.59 million. It is projected to garner US$ 1,985.53 million by 2028 to expand at 5.7% CAGR during 2022–2028.
- Based on form, the Asia Pacific polyacrylamide market is bifurcated into on powder and liquid. The liquid segment held 58.1% market share in 2022, amassing US$ 1,312.05 million. It is projected to garner US$ 1,887.01 million by 2028 to expand at 6.2% CAGR during 2022–2028.
- Based on application, the Asia Pacific polyacrylamide market is categorized into on water and wastewater treatment, pulp and paper manufacturing, oil and gas, mining industry, and others. The water and wastewater treatment segment held 42.1% market share in 2022, amassing US$ 950.82 million. It is projected to garner US$ 1,327.81 million by 2028 to expand at 5.7% CAGR during 2022–2028.
- Based on country, the Asia Pacific polyacrylamide market has been segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. Our regional analysis states that China captured 58.3% market share in 2022. It was assessed at US$ 1,316.12 million in 2022 and is likely to hit US$ 1,900.05 million by 2028, exhibiting a CAGR of 6.3% during the forecast period.
Key players dominating the Asia Pacific polyacrylamide market are SNF; Kemira Oyj; BASF SE; Mitsui Chemicals, Inc.; Ashland Global Holdings Inc.; Solenis; Solvay S.A.; Black Rose Industries Ltd.; Anhui Jucheng Fine Chemicals; and Xitao Polymer Co. Ltd. among others.
- In May 2021, Kemira, a leader in environmentally friendly chemical solutions for water intensive industries, announces the expansion of its Asia Pacific operations, the opening of a new dry polymer production facility in Ulsan, South Korea, and the beginning of planning for increased sizing agent production in Nanjing, China. In May 2021, Kemira inaugurated top notch dry polyacrylamide products primarily for retention and drainage uses, which are essential in today's quick paper and board manufacturing.
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