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Polyacrylamide Market - Detailed Analysis of Current Industry Figures

The market is expected to witness a CAGR of 6.1% over the forecast period, owing to increasing penetration of the product in water purification activities as a flocculating agent is expected to propel demand. The Global Polyacrylamide Market is expected to reach USD 6.83 billion by 2025, according to a new report by Grand View Research, Inc. The industry is highly influenced by the raw material availability and price trends. The prices for the product are likely to grow over the forecast period owing to the rising crude oil prices, which are further impacting the acrylamide, and acrylonitrile prices. As a result, the industry players are vertically integrated to lower their dependency on the raw material suppliers. SNF and BASF are few of the top polyacrylamide manufacturers as of now. The multinationals are expanding their production bases and volumes to strengthen their roots in the industry. Also, the industry has numerous small-scale players, which supply their product in