Polyacrylamide Market Study Analysis:
A polymer that is formed by the synthesis of acrylamide subunits is called polyacrylamide, and it is widely used in paper making and water treatment. Growing environmental concerns and increased need for wastewater management have increased the demand for polyacrylamide. The flocculant and organic coagulating polymers help to separate solid or liquid suspended particles in solution in water management. In this case, polyacrylamide is used as a coagulant to improve the coagulation-flocculation process. It reduces friction in the polishing technique that is normally used for the production of shale gas.
What is the Size of Polyacrylamide Market?
Polyacrylamide market is estimated to reach USD 3.75 Billion by 2021, at a CAGR of 6.6% between 2016 and 2021.
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Polyacrylamide Market Drivers and Insights:
Polyacrylamide is widely used in the mining industry for the separation of minerals in mines or ores, which is driving the growth of the global market. Few manufacturers of polyacrylamide commercialize organic acrylamide, giving the world market the opportunity to grow significantly. Some farmers and builders use anionic variety to prevent soil erosion as this helps retain suspended sediments. The anionic polyacrylamide is also used in the processes of recovery of by-products from fermentation, water recycling, water clarification and clarification of sugar juice, which should stimulate sales in the polyacrylamide market. However, the intensive use of polyacrylamide has adverse effects on human health. As a result, many environmental institutions and the government have imposed restrictions on the use of this product.
Polyacrylamide Market Geographical Presence:
North America has the largest market share of polyacrylamide, while the Europe and Asia-Pacific regions follow the same trend. It is expected that market growth in the Asia-Pacific region will exceed with the growing demand for polyacrylamide in developing regions such as India and China. A greater awareness of wastewater treatment is expected to stimulate the growth of the Asia-Pacific market. Rapid industrialization, increased urbanization, population growth and stable economic growth in the regions are positively improving the market. The increase in oil and gas production and exploration capacity in the Middle East, the United States, Russia, India and China is expected to promote the market in the future. The growth of mining and mineral processing activities in Latin America is another key factor that supplements the global polyacrylamide market.
Major market players influencing the world polyacrylamide market are Beijing Hengju Chemical, Ashland Inc., Anhui Jucheng Fine Chemicals Co. Ltd., Feixiang Group of Companies, BASF SE, Shadong Polymer Biochemicals Co. Ltd., and Kemira. Other players are Tianrun Chemicals, SNF Group, Feixiang Group of Companies, The Dow Chemical Company, Petro China, and ZL Petrochemicals.
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