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Polyacrylamide Market to depict appreciable growth prospects over 2019-2024

Author : Rahul Varpe | Published Date : 2019-10-01 

The Polyacrylamide Market study by Global Market Insights, Inc., is a collation of valuable insights related to market size, market share, profitability margin, growth dynamics and regional proliferation of this business vertical. The study further includes a detailed analysis pertaining to key challenges, growth opportunities and application segments of the market.

In terms of revenue, cationic polyacrylamide market size is forecast to expand at a CAGR close to 10% by 2024. It is estimated to expand at a faster pace owing to rising application in sludge dewatering, EOR, water treatment, etc. High molecular weight and charge can produce several molecular chains in water which improves the overall absorption capacity of suspended particles and henceforth which makes it desirable as flocculant across water treatment plants. In terms of revenue, anionic polyacrylamide market size is forecast to propel at a CAGR of over 9% in the near future. It is superior in performance for treating limy & dense water coming from metallurgical industry.

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Polyacrylamide Market size is expected to surpass USD 10.7 billion; according to a new research report by Global Market Insights, Inc. Sturdy rise in implementation of waste water treatment facility owing to increasing initiatives taken by government to condense wastewater coming from industrial & household sector will subsequently boost polyacrylamide market size by 2024.

This is attributed to persistent need to improve health standards to minimize disease causing agents from the environment, which are prone to cause several lethal diseases. Product possess excellent properties including non-toxic nature, high miscibility, etc. which makes it desirable to treat wastewater.

Polyacrylamide market by application

  • Water treatment
  • Petroleum
  • Paper making
  • Others

Gradually diminishing natural resources as well as stringent legislations have been persuading manufacturing facilities to treat wastewater before releasing in the environment. Moreover, propelling product demand to attain oil from reserves via enhanced oil recovery (EOR) technology owing to its outstanding gelatinous properties and capability to formulate cross links is probable to generate promising gains for the overall polyacrylamide market size over the projected time spell. Moreover, plentiful availability of unconventional reserves in China and the U.S. is expected to generate ample opportunities for the industry growth by 2024.

Uneven petroleum prices are likely to impede the overall polyacrylamide market size by 2024. Moreover, rising organic products demand along with poisonous product features is probable to deter polyacrylamide market in the near future. However, plentiful opportunities from water treatment industry, paper making industry and petroleum industry shall generate ample business growth opportunities by 2024.

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In 2016, petroleum segment was accounted for over 30% of the overall polyacrylamide market share in 2016. Rising product demand for heating, electricity generation, chemical synthesis, etc. is likely to generate promising gains for the overall polyacrylamide market size by 2024. Moreover, polyacrylamide market size for water treatment which was valued close to USD 2 billion in 2016 is expected to show positive growth indicators by 2024. Stringent legislations imposed by government and firm need to improve health standards has been persuading industries to build water treatment facilities which will boost the global polyacrylamide market size by 2024.

The overall polyacrylamide market size was competitive in 2016 and major players accounted for over 40% of the global industry share. Major polyacrylamide market share contributors are Kemira, PetroChina, Ashland, Beijing Hengju Chemical, BASF and Xitao Polymer.

Read more news - https://www.marketwatch.com/press-release/wax-market-projections-by-2024-usd-10-billion-opportunity-2019-10-01 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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