Polyacrylamide Market Global Trends 2017 to 2024, Future Growth & Industry Drivers

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.

Global Market Insights has a new study based report titled " Polyacrylamide Market Size By Product (Non-ionic [NPAM], Cationic [CPAM], Anionic [APAM]), By Application (Water Treatment, Petroleum, Paper Making), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024".

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Rising product demand in the petroleum industry to recover oil from reservoirs will help attain prominent gains in the polyacrylamide market size over the projected timespan. This is primarily due to its excellent properties including high viscosity and ability to form gel with crosslinkers which makes it desirable for enhanced oil recovery treatment in the petroleum industry.

Rapid exploration and production (E&P) activities in the U.S. which is attributed to shale oil boom will propel the polyacrylamide market size by 2024. For instance, U.S. has 622.5 trillion cubic feet (tcf) of technically recoverable shale gas reserves and 78.2 billion barrels of tight oil reserves which is likely to be produced in the coming years.

The Polyacrylamide Market Report Consists of,

1. Methodology and Scope
2. Executive Summary
3. Polyacrylamide Market Industry Insights

3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends

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4. Polyacrylamide Market Product Insights

Anionic polyacrylamide market size attained the highest share and is likely to grow at a CAGR close to 7% owing to widespread product application in water treatment, oil recovery, paper making additives, etc. It is desirable for industrial waste water treatment which is coarse, high concentration with positive charges and is alkaline in nature.

It is highly effective in waste water treatment for iron and steel plant, electroplate factory, metallurgy and coal washing, etc. In addition, it finds application in the petroleum industry as drilling mud material and helps in raising the drilling rate and avoid well disruptions.

5. Polyacrylamide Market Application Insights

Polyacrylamide market size for water treatment is expected to grow at a CAGR close to 8% in the coming years. Rapid industrialization and urbanization in Asia Pacific has propelled product demand due to rising levels of waste water and pressing need to conserve the depleting natural water resources.

Furthermore, stringent environment regulations imposed by regional regulatory bodies and government to treat industrial waste water before releasing is another factor which will make prominent contribution towards polyacrylamide market size during the forecast period.

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6. Polyacrylamide Market Regional Insights

Asia Pacific polyacrylamide market size is the fastest growing segment and is anticipated to grow at a CAGR of over 8% during the forecast period. Growing population along with rapid industrialization and urbanization in the region has given rise to water pollution which has harmful implications on human life and environment. Persistent need to treat industrial waste water primarily in India, China and Malaysia to conserve depleting natural resources will boost product demand in the coming years.

North America polyacrylamide market size was valued over USD 1 billion in 2016. This is credited to the U.S. shale oil boom which has led to rising product demand to recover oil from reserves. Furthermore, strong awareness about water treatment facilities to attain sustainable business growth has been driving product demand over the past many years.

7. Competitor Profiles

Polyacrylamide market share was consolidated in 2016 with key industry players accounting for more than 40% of the total market. Some of the prominent product manufacturers are BASF, PetroChina Company Limited, Kemira, Solenis, SNF Floerger Group, Anhui Jucheng Fine Chemicals Co. Ltd., Mitsubishi Rayon Co Ltd., Shadong Polymer Biochemicals Co. Ltd. and Xitao Polymer Co Ltd. The industry has several contributors but it is mainly led by Asia Pacific players in terms of production.

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