Report : Middle East & Africa 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 4.1% CAGR, the Middle East & Africa Polyacrylamide Market is speculated to be worth US$ 299.94 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Middle East & Africa polyacrylamide market was valued at US$ 236.07 million in 2022 and is expected to reach US$ 299.94 million by 2028, registering an annual growth rate of 4.1% from 2022 to 2028. Elevating development of bio-based polyacrylamide and upraising demand for polyacrylamide from oil and gas industry.
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 Middle East & Africa polyacrylamide market is segmented into anionic, cationic, and non-ionic. The cationic segment held 44.6% market share in 2022, amassing US$ 105.31 million. It is projected to garner US$ 137.66 million by 2028 to expand at 4.6% CAGR during 2022–2028.
- Based on form, the Middle East & Africa polyacrylamide market is bifurcated into on powder and liquid. The liquid segment held 52.4% market share in 2022, amassing US$ 123.82 million. It is projected to garner US$ 162.97 million by 2028 to expand at 4.7% CAGR during 2022–2028.
- Based on application, the Middle East & Africa polyacrylamide market is categorized into on water and wastewater treatment, pulp and paper manufacturing, oil and gas, mining industry, and others. The oil and gas segment held 32.0% market share in 2022, amassing US$ 75.61 million. It is projected to garner US$ 98.11 million by 2028 to expand at 4.4% CAGR during 2022–2028.
- Based on country, the Middle East & Africa polyacrylamide market has been segmented into South Africa, Saudi Arabia, the UAE, and Rest of MEA. Our regional analysis states that South Africa captured 27.8% market share in 2022. It was assessed at US$ 65.55 million in 2022 and is likely to hit US$ 84.67 million by 2028, exhibiting a CAGR of 4.4% during the forecast period.
Key players dominating the Middle East & Africa 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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