Polyacrylamide Market size worth $ 8.36 Billion, Globally, by 2028 at 7.0% CAGR Verified Market Research
The increase in demand for polyacrylamides is owing to an enhancement in oil recovery sectors' growth over time. A rise is witnessed in the investment of the water treatment sector which has further fuelled the global Polyacrylamide Market.
JERSEY CITY, N.J., Nov. 25, 2021 /PRNewswire/ -- Verified Market Research recently published a report, "Polyacrylamide Market" By Type (Cationic, Anionic, Non-ionic), By Application (Enhanced Oil Recovery, Water Treatment, Mineral Processing, Pulp And Paper), and By Geography. According to Verified Market Research, the Global Polyacrylamide Market size was valued at USD 4.94 Billion in 2020 and is projected to reach USD 8.36 Billion by 2028, growing at a CAGR of 7.0 % from 2021 to 2028.
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Browse in-depth TOC on "Polyacrylamide Market"
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Global Polyacrylamide Market Overview
The fast-paced adoption of polyacrylamides in a wide range of applications is increasing significantly worldwide. The rise in demand for the Polyacrylamide Market is fuelled by enhanced oil recovery demand has aided the growth in the market. Further, it is expected to fuel the demand over the forecast period as it is expected to improve the oil recovery efficiency prominently the progress of wet shale gas and shale gas production is predicted to have a positive impact on the overall market growth. In addition with the rise of investment in the water treatment sector has fueled the demand for polyacrylamides.
Polyacrylamide also finds its application in the Polyacrylamide Market as additives for cell separation in biotechnological broths, color removal, and creates a potential for the market. The increase in attention of regulatory bodies towards water treatment management such as wastewater treatment plants and drinking water mainly in developing countries is likely to have a positive impact on the growth of the global Polyacrylamide Market. Polyacrylamides are also used to control soil erosion and also to stabilize soil aggregates. This polymer is also used in rain-fed agriculture furrow irrigation and sprinkler irrigation.