Market Summary
The global demand for
polyacrylamide stood at USD 4.7 billion in 2018, and the market is poised to
exhibit a CAGR of over 6.53% during the forecast period. The growth of the
market is driven by the increasing demand for the product in the wastewater
treatment industry due to the growing regulations regarding treated water and
recycling of wastewater from the chemical, pharmaceutical, and other
industries. Additionally, the growing demand for oil and natural gas is
expected to increase the application of polyacrylamide in the oil recovery
process and boost the growth of the global market during the forecast period.
Get Free Sample@ https://www.marketresearchfuture.com/sample_request/7910
Competitive Analysis
·
Black Rose Industries Ltd
·
China National Petroleum Corporation (CNPC)
·
BASF SE
·
Dongying Kechuang Biochemical Industrial Co.,
Ltd
·
Kemira OYJ (Finland)
·
Anhui Jucheng Fine Chemicals Co., Ltd
·
SNF Group
·
Daqing Zhonglan Petrochemical Co Ltd
·
PetroChina Company Limited
·
Ashland
·
ZL Petrochemicals Co., Ltd
·
Beijing Hengju Chemical Group Corporation
·
Xitao Polymer Co. Ltd
·
The Dow Chemical Company
Segment Analysis
The global polyacrylamide
market has been segmented by product type and application.
Based on product type, the
polyacrylamide market has been segmented into anionic, cationic, and non-ionic.
The anionic segment held a share of over 47% of the global polyacrylamide
market in 2018 and is expected to follow the same trend during the forecast
period. Anionic polyacrylamide flocculants are food grade, widely used in
wineries, ethanol plants, meat processing, and sugar mills. Anionic
polyacrylamide could be used both as an industrial grade and as a food grade.
However, cationic polyacrylamide has high dehydration rate, which allows it to
be used in water treatment along with inorganic coagulant in monosodium
glutamate, alcohol, beverage, and sugar factories, as well as tanneries,
dyeing, tanneries, and other fields. Cationic polyacrylamide is also used as an
additive in the paper and pulp industry.
By application, the market has
been segmented into water treatment, pulp & paper, mineral processing,
enhanced oil recovery, and others. The PAM finds wide application in the water
treatment industry followed by enhanced oil recovery, mineral processing, and
pulp & paper. The wastewater treatment segment is expected to hold a share
of over 37% during the forecast period. The growing demand for polyacrylamide
in the oil and gas industry is expected to boost the growth of the market owing
to its application in enhanced oil recovery, solid and liquid separation, and
mud drilling activities. In mineral processing, polyacrylamide is used for
clarification of fine coal slurry into vessels, while enhancing the solid and
liquid separation of the tailings. Furthermore, in the pulp and paper industry,
polyacrylamide is used as a dry strength agent to filter aid, and as a
retention agent. This property of the polyacrylamide helps to improve the paper
quality while enhancing the physical strength of paper coupled with the
reduction in fiber loss. Owing to these factors, the polyacrylamide market is
expected to propel during the forecast period.
No comments:
Post a Comment