
Published On: Nov 2022
Published On: Nov 2022
At 4.1% CAGR, the Middle East & Africa Polyacrylamide Market is projected 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.
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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