Global Market Insights, Inc. has launched a report on Polyacrylamide Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.
Polyacrylamide Market size is expected to surpass USD 10.7 billion; according to a new research report by Global Market Insights, Inc. Sturdy rise in implementation of waste water treatment facility owing to increasing initiatives taken by government to condense wastewater coming from industrial & household sector will subsequently boost polyacrylamide market size by 2024. This is attributed to persistent need to improve health standards to minimize disease causing agents from the environment, which are prone to cause several lethal diseases. Product possess excellent properties including non-toxic nature, high miscibility, etc. which makes it desirable to treat wastewater.
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Gradually diminishing natural resources as well as stringent legislations have been persuading manufacturing facilities to treat wastewater before releasing in the environment. Moreover, propelling product demand to attain oil from reserves via enhanced oil recovery (EOR) technology owing to its outstanding gelatinous properties and capability to formulate cross links is probable to generate promising gains for the overall polyacrylamide market size over the projected time spell. Moreover, plentiful availability of unconventional reserves in China and the U.S. is expected to generate ample opportunities for the industry growth by 2024.
Uneven petroleum prices are likely to impede the overall polyacrylamide market size by 2024. Moreover, rising organic products demand along with poisonous product features is probable to deter polyacrylamide market in the near future. However, plentiful opportunities from water treatment industry, paper making industry and petroleum industry shall generate ample business growth opportunities by 2024.
In terms of revenue, cationic polyacrylamide market size is forecast to expand at a CAGR close to 10% by 2024. It is estimated to expand at a faster pace owing to rising application in sludge dewatering, EOR, water treatment, etc. High molecular weight and charge can produce several molecular chains in water which improves the overall absorption capacity of suspended particles and henceforth which makes it desirable as flocculant across water treatment plants. In terms of revenue, anionic polyacrylamide market size is forecast to propel at a CAGR of over 9% in the near future. It is superior in performance for treating limy & dense water coming from metallurgical industry.
Polyacrylamide Market, By Product
- Non-ionic (NPAM)
- Cationic (CPAM)
- Anionic (APAM)
Polyacrylamide Market, By Application
- Water treatment
- Paper making
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In 2016, petroleum segment was accounted for over 30% of the overall polyacrylamide market share in 2016. Rising product demand for heating, electricity generation, chemical synthesis, etc. is likely to generate promising gains for the overall polyacrylamide market size by 2024. Moreover, polyacrylamide market size for water treatment which was valued close to USD 2 billion in 2016 is expected to show positive growth indicators by 2024. Stringent legislations imposed by government and firm need to improve health standards has been persuading industries to build water treatment facilities which will boost the global polyacrylamide market size by 2024.
Asia Pacific polyacrylamide market size is foreseeable to attain USD 4.9 billion by 2024. Prevailing economy in the region due to growing population has resulted in significant rise in waste water coming from household & industrial sector which has compelled government & regulatory bodies to encourage waste water handling facilities. These trends are likely to propel demand for flocculants which in turn will have positive impact on the overall polyacrylamide market size in the coming years.
The overall polyacrylamide market size was competitive in 2016 and major players accounted for over 40% of the global industry share. Major polyacrylamide market share contributors are Kemira, PetroChina, Ashland, Beijing Hengju Chemical, BASF and Xitao Polymer.
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The above information has been provided for the following regions/countries:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- South Africa
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.