Polyacrylamide Market Share
These trends will result in the market operations reaching a market value that accounts for USD 8,599.47 million by the end of the forecast period in 2030
The most significant market driver for the global polyacrylamide market growth is growing demand. The demand is increasing due to the increasing awareness regarding wastewater management and the growing need to reduce soil erosion. Polyacrylamides are used for treating wastewater of numerous chemical industries and municipal sewage treatment, including coal washing, the electronic, iron steel, metallurgy, and mineral processing industries. Polyacrylamide also acts as an agent in various applications that include drag reduction, enhanced oil recovery (EOR), and oil drilling additive. Due to its higher viscosity, the hydrolyzed polyacrylamide offers an excellent oil recovery rate that is far better compared to unhydrolyzed polyacrylamide. Other market drivers for the Polyacrylamide Market Shareinclude rapid urbanization, growing population, and subsequently increasing demand for enhanced oil recovery. However, the change in the price of polyacrylamides of raw materials can hinder the market growth.
Market Segmentation
The global polyacrylamide market segmentation encompasses application and product type. MRFR’s research on the market highlights many facets of the market in-depth.
The application-based segmentation of this market is covering enhanced oil recovery, mineral processing, pulp paper, water treatment, and others. The water treatment segment holds the largest market share of 37%, followed by enhanced oil recovery, mineral processing, and pulp paper. The growing demand for polyacrylamide in the oil gas industry can also boost market as PAM is being used for enhanced oil recovery, mud drilling activities, and solid liquid separation. In mineral processing, polyacrylamide is used for cleaning fine coal slurry into vessels, and for enhancing the solid as well as the liquid separation of the tailings. In the pulp paper industry, polyacrylamide can be used as a retention agent and a dry strength agent that filters aid. Not only this quality of the polyacrylamide helps to improve the paper quality, it also enhances the physical strength of paper while reducing fiber loss.
Regarding the product type, the market has been segmented into anionic product, cationic product, and non-ionic product. The anionic segment has 47% of the global market share the status quo remains the same during the forecast period. Anionic polyacrylamide can be used both as a food-grade and an industrial-grade. Being food grade, anionic polyacrylamide flocculants are used in ethanol plants, meat processing, sugar mills, and wineries.
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Regional Segmentation
A geographical outlining of the global polyacrylamide market covers Asia Pacific, Europe, North America, Latin America, and the Middle East Africa (MEA).
The Asia Pacific region is holding the largest market share due to the large presence of chemical and pharmaceutical industries that produce a large volume of wastewater for whose treatment, the polyacrylamide is required. The presence of major paper pulp manufacturers in the region also boosts the market growth. An examination of the remaining countries in the Asia Pacific region featured in this report sums up the additional market revenue from some other countries.
During the forecast period, the market in Europe can witness moderate growth. Germany can experience the highest growth at 4.6% CAGR due to investments in water purification and recycling processes. Other country-specific markets in this region are Germany, France, Italy, Poland, Russia, Spain, and the UK. Research on the remaining countries in Europe featured in this report estimate the strong addition to market revenue from various other countries in this region.
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In Latin America, the market is decent due to stable economies. However, the market size is small as economies are smaller than North American economies. The country-specific markets with maximum revenue in this region are Argentina, Brazil, and Mexico. An assessment of the remaining countries in Latin America listed in this report anticipates a decent contribution to market revenue from many other countries.
During the forecast period, the market in the MEA region is expected to grow significantly due to the large presence of major oil gas producers and the increasing application of polyacrylamide as an oil recovery agent. Countries impacting the market are Bahrain, Kuwait, Israel, North Africa, Oman, Qatar, Saudi Arabia, Turkey, and the UAE. An assessment of the remaining countries in the MEA region featured in this report anticipates a decent contribution to market revenue from some other countries.
Key Players
Big players in the global polyacrylamide market are Anhui Jucheng Fine Chemicals Co. Ltd (China), Beijing Hengju Chemical Group Corporation (China), Ashland (USA), BASF SE (Germany), Black Rose Industries Ltd. (India), China National Petroleum Corporation (CNPC) (China), Daqing Zhonglan Petrochemical Co Ltd (China), The Dow Chemical Company (USA), Dongying Kechuang Biochemical Industrial Co. Ltd. (China), Kemira OYJ (Finland), PetroChina Company Limited (China), SNF Group (France), and Xitao Polymer Co. Ltd. (China), and ZL Petrochemicals Co. Ltd (China).
Latest Industry News
· SNF Group is set to invest USD 1.2 Bn to increase the production polyacrylamide in three years. 21 AUG 2019
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