Report : Europe 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 Europe Polyacrylamide Market is speculated to be worth US$ 1,121.85 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe polyacrylamide market was valued at US$ 805.44 million in 2022 and is expected to reach US$ 1,121.85 million by 2028, registering an annual growth rate of 5.0% from 2022 to 2028. Growing development of bio-based polyacrylamide and widening focus on water and wastewater treatment activities.
Bio-based polymers are made from renewable resources. In recent years, the interest in bio-based polymers has grown substantially due to the desire and need to find non-fossil fuel-based polymers. The environmental concerns and the realization that petroleum resources are finite can result in increased attention toward bio-based polymers. Bio-based polymers help replace existing polymers in various applications and offer new combinations of properties for new applications. Nowadays, bio-based polymers are highly found in numerous applications owing to advancements in biotechnologies and public awareness. The bio-based polymers have emerged as a solution to the problems generated by polymer and plastic technology. Various unique features of bio-based polymers, such as minimal carbon footprint, optimum recyclability, and complete biodegradability, have enabled them to find a significant place in the huge polymer industry. Nova—the international biopolymer expert group has released a new market and trend report, “Bio-based Building Blocks and Polymers – Global Capacities, Production, and Trends 2020–2025”. As per the report, in 2020, the total production volume of bio-based polymers was 4.2 million tons, i.e., 1% of the total production volume of fossil-based polymers. Further, the CAGR is 8%, which is significantly higher than the overall growth of polymers (3–4%), and this is expected to continue until 2025. In 2022, Kemira started full-scale production of its newly developed polyacrylamide polymer based on bio-based feedstock. This newly developed polymer is water-soluble and offers the same technical specifications as its conventional equivalent. The first commercial volumes are shipped for trials to one of the wastewater treatment plants of the Helsinki Region Environmental Services. It shows that market players are focusing on making their product portfolio greener. This helps customers make their processes more sustainable. Hence, the development of bio-based polyacrylamide is expected to offer lucrative opportunities for the polyacrylamide market growth during the forecast period.
On the contrary, volatility in raw material prices.
- Based on type, the Europe polyacrylamide market is segmented into anionic, cationic, and non-ionic. The cationic segment held 65.8% market share in 2022, amassing US$ 545.90 million. It is projected to garner US$ 724.68 million by 2028 to expand at 4.8% CAGR during 2022–2028.
- Based on form, the Europe polyacrylamide market is bifurcated into on powder and liquid. The powder segment held 56.3% market share in 2022, amassing US$ 473.56 million. It is projected to garner US$ 644.71 million by 2028 to expand at 5.3% CAGR during 2022–2028.
- Based on application, the Europe 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 48.2% market share in 2022, amassing US$ 405.83 million. It is projected to garner US$ 550.44 million by 2028 to expand at 5.2% CAGR during 2022–2028.
- Based on country, the Europe polyacrylamide market has been segmented into Germany, France, the UK, Italy, Russia, and Rest of Europe. Our regional analysis states that France captured 21.0% market share in 2022. It was assessed at US$ 71.80 million in 2022 and is likely to hit US$ 93.59 million by 2028, exhibiting a CAGR of 4.5% during the forecast period.
Key players dominating the Europe polyacrylamide market are SNF; Kemira Oyj; BASF SE; Mitsui Chemicals, Inc.; Ashland Global Holdings Inc.; Solenis; and Solvay S.A. among others.
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