Polyacrylamide Market Rising With Growth In New Technology Trends Research By 2025


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.
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 players in the industry include SNF, BASF, CNPC, Ashland, Kemira, Anhui Jucheng Fine Chemical Co, Ltd. (CJCC), Black Rose Industries Ltd., Shandong Polymer Bio-chemicals Co., Ltd., Xitao Polymer Co., Ltd., Dongying Kechuang Biochemical Industrial Co., Ltd., and Anhui Tianrun.
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https://www.grandviewresearch.com/industry-analysis/polyacrylamide-market/request/rs4
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.
Demand for anionic polyacrylamide polymers is high in industrial wastewater and municipal sewage treatment as a flocculating agent. Increasing impure water discharge from industries and rising scarcity of potable water are expected to drive the demand for polyacrylamide in water treatment application over the next few years. In addition, surging demand for the product in other applications including coal washing, mineral processing, metallurgy, iron and steel, and electronic industry is fueling the growth.
Revenue for cationic polymers in 2018 was valued at USD 1.5 billion owing to its high demand as retention and drainage aids in papermaking, and as flocculants in waste water treatment. These polymers act as stabilizers for emulsion polymerization in cosmetics. The aforementioned factors are expected to open new avenues for the market expansion over the coming years.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/global-polyacrylamide-market
Revenue for polyacrylamide in water treatment application was valued at USD 1.7 billion in 2018 and is expected to register a CAGR of over 6.0% from 2019 to 2025. Rising applications of polyacrylamide in municipal sewage, industrial wastewater, and drinking water, and wastewater treatment plants are expected to propel demand for the product. Furthermore, increasing attention on the water treatment industry by the regulatory bodies across various countries is likely to have a positive impact on the market growth.
Grand View Research has segmented the global polyacrylamide market on the basis of product, application:
Polyacrylamide Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
·         Anionic
·         Cationic
·         Non-ionic
Polyacrylamide Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
·         Water Treatment
·         Oil & Gas
·         Paper Making
·         Others
Demand for the product from the oil and gas industry for the enhancement of oil recovery is expected to surge over the forecast period as the product improves the oil recovery efficiency. In addition, it is used in drilling muds and fracturing fluid additives. The use of polyacrylamide can adjust the drilling fluidity, carry shale debris, lubricate drill bit, and control fluid loss. The aforementioned factors are expected to drive the demand for polyacrylamide in oil and gas applications.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.




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