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Polyacrylamide Market to garner extensive remuneration from water treatment application

Author : Rahul Varpe | Published Date : 2019-03-22 

Polyacrylamide market for water treatment is projected to rise with more than 8% CAGR by 2024. Escalating population primarily in the emerging economies has been increasing waste water coming from industrial and household sector. Improving laws imposed by ministries and regulators in the Asia Pacific has compelled industries to adopt water treatment units which will push product demand and will help attain prominent gains over the projected timeframe.

The polluted water resources are one of the major concerns being addressed by the government and environmental bodies.  Treatment and protection of water & sewage is closely linked to preservation of the environment and has received more attention from the regulatory bodies.

Polyacrylamide, thus plays a very important role in the field of water treatment. Severe regulations imposed by the governments to treat the industrial waste water before releasing, has significantly contributed toward the growth of polyacrylamide market size. Estimates claims polyacrylamide industry size from water treatment applications to grow at an annual rate of 8% over 2017-2024.

To access a sample copy or view the Polyacrylamide market report in detail along with the table of contents, please click the link below: www.gminsights.com/request-sample/detail/1891

Polyacrylamide is extensively used in the oil industry to enhance the oil recovery and is prominently used as a drilling and fracturing fluid. Driven by this wide range of application spectrum, polyacrylamide market share from petroleum application is set to record a CAGR of 8.5% over 2017-2024.

Report Metric  

  • Market Size available for years:  2017-2024
     
  • Base year considered:    2016
     
  • Forecast period:               2019–2024
     
  • Forecast Value: 10.7 bn (USD)
     
  • Segments covered:         Product, Application, Regional Outlook  
     
  • Geographies covered:   North America, Europe, Asia Pacific, Latin America, MEA
     
  • Companies covered:       BASF SE, SNF Floerger Group, Kemira Oyj, Anhui Jucheng Fine Chemicals Co. Ltd, PetroChina Daqing Refining & Chemical Company, Anhui Tianrun Chemicals Co., Ltd, Beijing Hengju Chemical Group Corporation, Jiangsu Feymer Technology Co Ltd, Mitsubishi Rayon Co Ltd, Shadong Polymer Biochemicals Co. Ltd., Solenis, Ashland Inc., ZL Petrochemicals Co. Ltd., Yixing Bluwat Chemicals Co. Ltd., Xitao Polymer Co Ltd

A significant rise in the demand for energy has impelled the exploration, production, and recovery of oil and petroleum on a large scale. For instance, prevailing shale oil & gas resources in the US have increased the demand for polyacrylamide for drilling activities. As per estimates, North America polyacrylamide market is set to double its market value from 2016 recorded at 1 billion to USD 2 billion by 2024.

Apart from polyacrylamide’s major use in petroleum and water treatment, it also finds application in the paper-making, mining, textile, personal care, agriculture, and construction sector. Non-ionic, cationic, and anionic are the key product segments used in these applications. In Latin America and Middle East, the growth of polyacrylamide industry is relatively lower due to lack of product penetration and low application scope. However, in Asia Pacific, application of polyacrylamide is chiefly concentrated in water treatment & paper making sectors. While in Europe & North America there is a greater product demand from oil & gas and mining sectors.

In 2016, the global polyacrylamide industry share was fairly consolidated with top industry players catering to 40% of the total market demand. PetroChina Company Ltd, Mitsubishi Rayon Co Ltd., BASF, Anhui Jucheng Fine Chemicals Co. Ltd., Xitao Polymer Co Ltd., SNF Floerger Group, and Kemira, were the prominent players accumulating subsequent industry chunk. The overall polyacrylamide industry has several contributors, but in terms of production, it is predominantly represented by major players from Asia Pacific.

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.

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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