Why the Polyacrylamide Market Is Set To Explode? | Key Players are Ashland, SNF Group, BASF, Solenis, Kemira Oyj, PetroChina Company, Mitsubishi Rayon Company

Graphical Research added research on polyacrylamide market is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, market also includes an in-depth study of the industry’s competitive scenario.

The following six prime trends are functioning as significant enablers of the global polyacrylamide industry outlook:

Higher quality standards for wastewater in Asia Pacific

Polyacrylamide is being used as a flocculant and coagulant across the water treatment sector across the globe. The Asia Pacific polyacrylamide market forecast is projected to benefit from the advantageous properties such as high degree of water solubility, superior thermal stability, and high miscibility of the product.

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Numerous governments across Asia have been seeking to observe stringency in rules pertaining to the quality of water. For instance, during 2017, the Indian government announced the tightening of regulations pertaining to the wastewater released from sewage treatment plants.

The growing number of research activities and clinical trials across Asian countries such as Japan, India, Korea, and China have been encouraging higher adoption of disinfectants such as polyacrylamide. For instance, recently, in March 2021, scientists at the Korean Gwangju Institute of Science and Technology, revealed how the presence of certain antibiotic-resistant bacteria can be a breeding ground for antibiotic resistance amongst humans. This has raised concerns over the presence of such harmful bacteria and pathogens in potable water and wastewater effluents.

Cationic polyacrylamide to see high adoption in Asia

The cationic polyacrylamide segment in the Asia Pacific polyacrylamide market outlook is expected to demonstrate significant revenue gains by 2024, thanks to the spiraling demand for this substance across the industrial wastewater plants. Apart from the growing utilization of polyacrylamide across the thriving industrial sector of countries such as China, India, Indonesia, Malaysia, and Thailand, the product adoption is also receiving considerable impetus from the oil & gas and sludge dewatering applications.

Numerous industries in the region such as tanneries, sugar, and dyeing factories have been embracing the product to ensure minimal harm to human health and environment alike. This is on account of the superior dehydration rate of the product. The CPAM segment is estimated to expand at a considerable CAGR of over 10% through the forecast years.

Paper industry to make substantial revenue contribution

The paper industry is slated to register a high growth through the forecast timeline, fueled by the shooting demand for high quality paper across the APAC region. The segment is expected to represent more than 15% of the overall Asia Pacific polyacrylamide industry share by 2024.

The paper industry primarily deploys polyacrylamide as a retention and drainage agent across manufacturing operations. The substance can also be utilized for retarding the flocculation procedure, significantly speeding up the pace of paper formation across factories.

Water shortage concerns in Europe to drive demand

The escalating volume of water usage across the residential as well as commercial sectors in European countries has been responsible for the recent water shortage concerns in the region. With several countries seeking to reuse and recycle water efficiently and effectively, the demand for chemicals such as polyacrylamide is likely to soar.

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As the product allows particles to precipitate, particle separation process in wastewater is activated by it. The introduction of new environmental protection acts has been fostering the demand for polyacrylamide as municipalities and industries are compelled to adopt effective flocculants.

Escalating usage of anionic polyacrylamide in Europe

While cationic polyacrylamide is widely used for treating primary sludge, digested sludge, and SAS in municipal wastewater, when industrial effluents require treatment, it is standard practice to use anionic polyacrylamide across aggregate washing, tanneries, and metal finishing. The Europe polyacrylamide market share is expected to ascend as the volume of industrial wastewater across the region has been augmenting.

Increased deployment across oil & gas sector in North America

The recent developments across the oil & gas sector in North America have been boosting the utilization of polyacrylamide in the region. By 2024, the North America polyacrylamide market share will have surpassed USD 1.5 billion, supported by the high suitability of the product for applications such as better oil recovery, fracturing fluid additives, and drilling fluid additives.

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The growing volume of natural gas consumption across the U.S. might position the nation as a leading contributor in the market for polyacrylamide over the forthcoming years. During 2017, the U.S. accounted for over 730 bn cubic meters of natural gas and 570 MMT oil. The production of oil and natural gas is expected to soar through 2024, accelerating the demand.

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