Press release
Polyacrylamide Market to grow at 8.5% CAGR by 2024 | Global Key Player; Ashland, Solenis, Kemira, BASF
Polyacrylamide Market
North America polyacrylamide market size is predictable to reach over USD 2.1 billion by 2024. This is owing to the prevailing unconventional gas resources in the U.S. which will stimulate product demand for its applications in the EOR technology to attain crude oil.
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Polyacrylamide Market size is expected to surpass USD 10.7 billion. Increasing adoption of water treatment unit to treat waste water released from industrial and household sector has been a major factor propelling the product demand during the forecast period. It has been principally involved as a flocculant in the industrial sector due to its high mixing ability, non-poisonous nature, water solubility, etc.
Ministries and regulatory bodies have formulated stringent laws to protect environment and practice sustainable business development in the near future. These trends are probable to continue which will have a positive influence on the polyacrylamide market size by 2024.
Polyacrylamide Market, By Product
o Non-ionic (NPAM)
o Cationic (CPAM)
o Anionic (APAM)
o Others
Polyacrylamide Market, By Application
o Water treatment
o Petroleum
o Paper making
o Others
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Anionic polyacrylamide market size has captured a major chunk of the overall business size and shall attain gains of over 7% CAGR by 2024. Product is preferable for treating thick, alkaline waste water coming primarily from iron & steel plant, metal industry, etc. Moreover, the product is excessively utilized in the energy sector to boost drilling frequency to attain crude oil available underneath the earth surface.
Non-ionic polyacrylamide market size will witness 8.5% CAGR over the forecast timeframe. It is desirable to treat acidic waste water which is released from industries including mining & coal, paper making, food processing, etc.
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. 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.
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Key industry share contributors of polyacrylamide market size are PetroChina Company, Kemira Oyj, BASF, Mitsubishi Rayon, Ashland, Yixing Bluwat Chemicals, Xitao Polymer and Beijing Hengju Chemical Group.
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𝐏𝐨𝐥𝐲𝐚𝐜𝐫𝐲𝐥𝐚𝐦𝐢𝐝𝐞 𝐏𝐫𝐢𝐜𝐞 𝐈𝐧 𝐔𝐒𝐀
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• Low price and high demand for anionic polyacrylamide in water treatment and food recycling applications is projected to boost the…
