What is the development trend of the polyacrylamide industry in the next ten years?
The polyacrylamide industry has broad development prospects in the next decade, but it also faces some challenges. The following is a specific trend analysis:
Market size growth
Globally, the global polyacrylamide market size is US$5.734 billion in 2023, and is expected to reach US$7.972 billion by 2030, with a compound annual growth rate of 5.19% from 2024 to 2030.
The growth trend of the Chinese market is also relatively obvious, with a compound annual growth rate of 5.51% from 2019 to 2023, and an estimated compound annual growth rate of 5.88% from 2024 to 2030.
Application field expansion
Water treatment field: The global water shortage problem is increasing day by day, and the demand for sewage treatment and reuse continues to rise. As a high-efficiency flocculant, polyacrylamide can significantly improve the efficiency of sewage treatment, and its application in industrial wastewater treatment, urban sewage treatment, drinking water treatment, etc. will continue to expand. In addition, the demand for polyacrylamide in emerging fields such as seawater desalination and brackish water desalination is also expected to increase.
Oil extraction field: The International Energy Agency predicts that by 2030, the proportion of tertiary oil recovery in the world's total oil production will increase from the current 3% to 15%-20%. Polyacrylamide plays an important role in improving crude oil recovery in the middle and late stages of oil extraction, especially the promotion of polymer flooding and ternary composite flooding technology, which will further increase its demand in this field.
Other fields: In the papermaking industry, polyacrylamide can improve paper quality, reduce raw material consumption and environmental pollution. With the technological upgrading and environmental protection requirements of the papermaking industry, its application will be more extensive. In the fields of mining, agriculture, textiles, etc., polyacrylamide will also continue to expand its application space and depth with the development of various industries.
Technological innovation and upgrading
Product performance improvement: The research and development of high-performance polyacrylamide products is a future trend, such as the development of products with higher molecular weight, better flocculation performance, stronger salt resistance and temperature resistance to meet the needs of different application scenarios.
Development of green production technology: In the context of stricter environmental protection policies, green production technology will become the development focus of the polyacrylamide industry. Enterprises will increase their investment in research and development of clean production processes, energy-saving and emission-reduction technologies, and reduce energy consumption and pollutant emissions in the production process.
Market competition intensifies
International competition: International large chemical companies such as CJCC Group and Solenis occupy an important position in the global polyacrylamide market with their technological and brand advantages. Domestic enterprises need to continuously improve their technical level and product quality and strengthen brand building to gain a larger share in the international market.
Domestic competition: There are many domestic polyacrylamide manufacturers and the market competition is fierce. With the development of the industry, enterprises with backward technology and small scale will gradually be eliminated, and the industry concentration will further increase.
Favorable policy environment
Industrial policy support: Polyacrylamide products belong to the industry fields encouraged by industrial policies such as the "Guidelines for the Development of the Petroleum and Chemical Industry in the 14th Five-Year Plan" and the "Guidelines for Industrial Structure Adjustment (2019 Edition)", which provide policy guarantees for the development of the industry.
Environmental protection policy promotion: Strict environmental protection policies have increased the requirements for wastewater discharge, which has increased the demand for polyacrylamide in the water treatment industry and created market opportunities for the development of the industry.
However, the polyacrylamide industry also faces some challenges. For example, fluctuations in raw material prices may affect production costs and corporate profits, and increasing R&D requirements have placed higher demands on companies' technological innovation capabilities.
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