The report Polyacrylamide Market by Type (Anionic, Cationic, Non-Ionic,), by Application (Water Treatment, Pulp & Paper, Enhanced Oil Recovery, Mineral Processing, and Others) and by region (North America, Europe, Asia Pacific, Middle East & Africa and South America) is expected to reach US$ 4.74 Bn by 2027, at a CAGR of 7.9 % during a forecast period.
A polymer formed by the synthesis of acrylamide subunits is known as polyacrylamide, it is extensively used in papermaking and in the water treatment. The increasing environmental concerns and increased need for wastewater management has increased the demand for polyacrylamide. Flocculants and coagulants assists in separation of solid or liquid suspended particles in solution in the water management. In this case, polyacrylamide is used as a coagulant in order to improve the coagulation-flocculation process. Polyacrylamide decreases the friction in pad drilling technique that is normally used for the production of shale gas.
Cationic sector are rapidly increasing during the forecast period.
Cationic dominated the global market by acquiring largest share of the global market at a dynamic CAGR of in 2017. It is used as an additive in many industries such as for wastewater treatment in alcohol, monosodium glutamate, sugar, and beverage factories. Water Treatment is the major downstream of Cationic taking 30% of the world Anionic consumption in 2017.
The Polyacrylamide Market in Asia Pacific region is expected to hold the largest share during the forecast period.
Geographically, Asia Pacific is a leading market for the Polyacrylamide on accounts of its high demand in Water treatment and various waste management applications. However, with the increasing demand for waste water treatment, manufacture of polyacrylamide are expected to expand their production to sustain their market position. Moreover, developing regions such as Asia Pacific hold huge potential for the overall polyacrylamide market. Moreover, strong awareness about waste water treatment facilities to attain sustainable business growth has been driving product demand over the past years. This trend is expected to continue due to stringent environment norms formulated by U.S. EPA to encourage waste water treatment coming from industrial and household sector.
Key players operating in the global Polyacrylamide market are Akzo Nobel N.V., Croda International Plc., Clariant AG, Ashland Inc., PolyOne Corporation, DuPont, A. Schulman, Evonik Industries, Corbion N.V, PCC Chemax Inc., and Ortec Inc. Key players and manufactures are focusing on entering the new market by producing and launching technically advance and cost-effective products in the market. Production capacity expansion, brand portfolio expansion, mergers, collaborations, joint ventures and acquisitions of innovative businesses is the key trend to foot hold and penetrate market.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about global polyacrylamide market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for taking in product strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global polyacrylamide market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global polyacrylamide market positioning of competitors.
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