The global polyacrylamide market size is expected to reach USD 6.8 billion by 2025, expanding at a CAGR of 6.2% over the forecast period, according to a new report by Grand View Research, Inc. Increasing penetration of the product in water purification activities as a flocculating agent is expected to propel the demand for polyacrylamide.
The market is highly influenced by the
availability of raw material and fluctuating price trends. The prices of
polyacrylamide are likely to grow over the forecast period owing to rising
crude oil prices, which are further impacting the acrylamide, acrylic acid, and
acrylonitrile prices. As a result, the market players are likely to integrate
the value chain to reduce their dependency on the raw material supplier and
increase profit margins.
For sample report please visit @:- https://www.grandviewresearch.com/industry-analysis/polyacrylamide-market
SNF, BASF, and Kemira are few of the top
polyacrylamide manufacturers. The multinationals are expanding their production
bases and volumes to strengthen their roots in the market. Moreover, the market
has numerous small-scale players, selling their products in domestic market.
These players are likely to offer competitive pricing to gain market share
against these major players.
Key applications of polyacrylamide include
water treatment, oil and gas, and paper making. Other application areas include
pharmaceuticals, cosmetics, and personal care products. Polyacrylamide is used
as a flocculent in waste water treatment of the chemical industry and municipal
sewage treatment.
Further key findings
from the study suggest:
·
Anionic polyacrylamide was the largest
product segment accounting for over 45% of the overall demand in 2018 owing to
its low price and high demand in water recycling and food clarification
applications
·
Cationic polyacrylamides are expected to
expand at a CAGR of over 6.3% in terms of revenue from 2019 to 2025 owing to
their rising demand from papermaking and oil and gas recovery
·
Wastewater treatment emerged as the largest
application segment, and accounted for over 35% of the overall market share in
terms of demand in 2018 owing to early adaption and high product volumes
required by the sector
·
Demand for polyacrylamide in the oil and
gas sector is expected to grow at the fastest pace owing to growing application
in mud drilling, enhanced oil recovery, and solid/liquid separation activities
·
Asia Pacific led the polyacrylamide market
in terms of revenue and accounted for over 55% market share in 2018, as the
region has majority of the water treatment and paper making facilities in the
world. India is expected to emerge as the fastest-growing regional market owing
to rapid industrialization and high investments in the manufacturing sector
·
The market is fragmented in nature, owing
to existence of several manufacturers, along with expansion of the product
portfolios, which include xanthan gum and partially hydrolyzed polyacrylamide.
Major market players include SNF, BASF, CNPC, Ashland, Kemira, and Anhui
Tianrun.
For
inquiry please visit @:- https://www.grandviewresearch.com/inquiry/2205/ibb
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