Polyacrylamide Market Trends

Growth Drivers

• Increased Utilization in the Petroleum Industry- Polyacrylamide is used in EOR techniques such as polymer flooding and surfactant polymer flooding to improve oil recovery from reservoirs by increasing the viscosity of injected fluids and displacing more oil. As per a report, it is projected that the value of enhanced oil recovery (EOR) in the United States will reach over 20.4 million dollars by 2025. Polyacrylamide is utilized in drilling fluids to enhance viscosity, control fluid loss, and improve well borne stability during drilling operations. In order to reduce the need to find new oil fields, techniques for optimizing oil recovery are also being employed to expand oil reserves. Because polyacrylamides increase oil-field yield, it is expected that in the upcoming years the market will grow.
• Increased Water Pollution due to Industries- olyacrylamide finds application in the construction sector for soil stabilization, erosion control, and sedimentation managements during infrastructure development projects such as roads, bridges, dams, and tunnels. As construction activities increases, so does the demand for polyacrylamide -based products to ensure the stability and sustainability of construction sites. Also, with the expansion of urban areas and industrial zones, the need for wastewater treatment facilities grows. Several governments worldwide are taking intiatives to provide clean drinkable water to the citizens, which is expanding the market growth. For instance, in October 2021, the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) 2.0 scheme seeks to make Indian cities "water secure" by giving tap water connections to every urban household, covering over 4,800 ULBs, and attaining 100 percent coverage of sewage and septage management services in 500 AMRUT cities.  Therefore, these factors are driving the growth of the polyacrylamide market
• Growing Adoption in Paper Industry- Polyacrylamide is used by the paper industry to help with drainage and retention throughout the papermaking process. Polyacrylamide is in more demand as the paper industry expands because of its ability to improve paper quality and manufacturing efficiency. The market for polyacrylamide is being driven by factors such as the growing need for paper-based packaging, the rise in e-commerce which is pushing up demand for packaging materials, and the focus on sustainable paper manufacturing methods. These factors are also helping to the expansion of the paper sector.

Challenges

• Side Effects of the Chemical - For the purposes for which it is intended, polyacrylamide is usually regarded as safe when used correctly and in accordance with guidelines. On the other hand, misuse or overexposure may result in adverse reactions that include environmental issues, eye, respiratory, and skin irritation. Therefore, the side effects of the chemical may hamper the growth of the market.
• Fluctuation in Raw Material Prices and Energy Costs may Hinder the Growth of the Market
• Availability of Alternative Chemicals or Materials may Impede the Growth of the Market