Press release
Polyacrylamide market to amass heavy returns via surging sales of anionic products over 2017-2024
With the global populace becoming more aware regarding the hazardous impact of industrial as well as residential waste on their health, regulatory bodies across the globe have enforced strict norms that mandate water treatment prior to releasing waste water directly to the environment, which would have a considerable impact on polyacrylamide industry share.
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The increasing use of polyacrylamide to remove suspended particles from the waste water, due to its favorable characteristics such as water solubility, non-poisonous nature, and high mixing ability, will further impel polyacrylamide market size in the ensuing years. Subject to the extensive deployment of the product across the expanding paper and petroleum domains, polyacrylamide market size stood at USD 5.5 billion in 2016.
Polyacrylamides are prominently used across construction sites for erosion and sediment control, pertaining to its water solubility and high molecular weight. With regards to preventing surface sealing on construction sites, anionic polyacrylamide is extensively used as an erosion control measure.
Apart from the construction sector, anionic polyacrylamide has also been prominently used in aquaculture, pulp and paper industry, and water treatments plants. Estimates claim anionic polyacrylamide industry to register an annual growth rate of 7% over 2017-2024.
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Many regional governments have been heavily investing in the development of water treatment plants lately, which will favorably boost polyacrylamide market size. In Houston for example, the Texan government invested close to USD 1.5 billion to build a water treatment plant, which comprises ground storage tanks, a high service pump station and treatment facilities.
In the future, the government is looking forward to increasing the water treatment capacity to 320 MGD, which would have a sizable impact on the regional polyacrylamide industry share. In addition, it is noteworthy to mention the contribution of the Asian zone toward polyacrylamide market share.
A majority of the Asian governments have apparently deployed strict environmental norms to reduce water pollution, owing to the growing release of industrial as well as urban waste water in the environment. Pertaining to the hazardous implication of water pollution on human health, many industries across APAC, mainly in China, India, and Malaysia are using polyacrylamides on large scale for industrial waste water treatment. This has suitably propelled Asia Pacific polyacrylamide industry share, slated to register an annual growth rate of more than 8% over 2017-2024.
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Renowned participants in polyacrylamide market are Kemira, SNF Floerger Group, BASF, Xitao Polymer Co Ltd, Solenis, Shandong Polymer Biochemicals Co., Ltd., PetroChina Company Limited, Mitsubishi Rayon Co Ltd., Anhui Jucheng Fine Chemicals Co. Ltd. Players are vigorously involved in research and development activities to explore cost effective raw materials, which would underline the competitive landscape of this industry in the ensuing years.
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