For those unfamiliar with polyacrylamide (PAM), it is a flocculant and thickening agent for water-treatment operations in various industries, including wastewater and shaleoil recovery.
According to a Global Market Insights report, the polyacrylamide market size is expected to reach $8 billion by 2026, registering a CAGR of 9 percent from 2019 to 2026. Rising demand for processing wastewater in industries and from municipal sources has resulted in the greater demand for polyacrylamide as a suitable coagulant.
The PAM product segment is divided into non-ionic, cationic, anionic and others. Cationic polyacrylamide has a 30-percent share in the market segment. It is largely used as a sludge conditioner due to properties such as low-dosage requirement, high efficiency and pollution-free effects. CPAM is efficient when used with inorganic coagulants. With the growth of the wastewater-treatment sector, the demand for anionic and cationic polyacrylamide is expected to grow in various processes.
In North America, wastewater and shale-oil recovery are the major applications that will drive the polyacrylamide market. Enhanced efforts in oil-recovery capacities for extracting shale gas will propel the demand for polyacrylamide in hydraulicfracturing operations.
• Intensifying government measures to conserve water and process wastewater has given a boost to the product demand for water-treatment plants in the Asia Pacific
• Unstable crude oil prices may limit the sector growth over the projected time frame
• Demand for polyacrylamides will observe a faster rate across the Asia Pacific owing to the rapid industrialization, urbanization in India, Indonesia and other ASEAN economies