The North America Polyacrylamide Market would witness market growth of 6.2% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 479.5 Kilo Tonnes, showcasing a growth of 4.8% (2019-2022).
The oil and gas industry's continuous quest to maximize oil recovery from reservoirs has driven the adoption of polyacrylamide-based EOR techniques. This is particularly relevant as mature oil fields require advanced recovery methods. The growing demand for paper products and the need for resource-efficient production processes have led to the widespread use of polyacrylamide in the paper and pulp sectors.
In addition, the mining industry, which faces challenges related to water management and environmental impact, has embraced polyacrylamide to improve mineral processing and reduce ecological consequences. Increasing urbanization and infrastructure development projects have heightened the demand for polyacrylamide in construction activities to stabilize soil and mitigate erosion risks.
There is a growing trend toward developing and adopting bio-based polyacrylamides, which are considered more environmentally friendly and sustainable than their synthetic counterparts. Integrating digital technologies and data analytics in water management is becoming more prevalent. Polyacrylamides are used with smart water management systems to optimize water treatment processes.
Moreover, Canada's urban centers have been growing due to population influx and migration. This growth has increased demand for residential, commercial, and infrastructure construction to accommodate the expanding urban populations. Both federal and provincial governments in Canada have been investing in large-scale infrastructure projects, including highways, bridges, public transit systems, airports, and municipal utilities. These investments aim to improve transportation, connectivity, and public services.
According to Statistics Canada, investment in non-residential construction was up slightly, increasing 0.5% to $5.9 billion in July 2023. Investment in the industrial component increased 0.6% to $1.2 billion, while commercial investment edged up 0.3% to $3.3 billion. Institutional construction investment rose by 1.2% to $1.5 billion. Polyacrylamide's versatility and ability to modify the properties of soil, water, and construction materials make it a valuable additive in various construction applications. These factors will help in driving the expansion of the market in the North America region.
The US market dominated the North America Polyacrylamide Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,259.7 Million by 2030. The Canada market is exhibiting a CAGR of 8.6% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 7.7% during (2023 - 2030).
Based on Product, the market is segmented into Anionic, Cationic, and Non-ionic. Based on Application, the market is segmented into Water Treatment, Oil & Gas, Paper Making, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Polyacrylamide Market is Predict to reach $8.8 Billion by 2030, at a CAGR of 6.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Anhui Jucheng Fine Chemicals Co., LTD, Ashland, Inc., BASF SE, Kemira Oyj, SNF Group, Black Rose Industries Ltd., Shandong Baomo Biochemical Co., Ltd., Xitao Polymer Co., Ltd., The Dow Chemical Company (Dow Corning Ltd.), and Solvay SA.
By Product (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
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