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.
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Competitive Analysis
The key players operating in the global Polyacrylamide
Market Trends include Black Rose Industries Ltd (India), China National
Petroleum Corporation (CNPC) (China), BASF SE (Germany), Dongying Kechuang
Biochemical Industrial Co., Ltd (China), Kemira OYJ (Finland), Anhui Jucheng
Fine Chemicals Co., Ltd (China), SNF Group (France), Daqing Zhonglan
Petrochemical Co Ltd (China), PetroChina Company Limited (China), Ashland (US),
ZL Petrochemicals Co., Ltd (China), Beijing Hengju Chemical Group Corporation
(China), Xitao Polymer Co. Ltd (China), The Dow Chemical Company (US).
Segment Analysis
The global Polyacrylamide
Market Trends has been segmented by product type and application.
Based on product type, the Polyacrylamide Market Trends has
been segmented into anionic, cationic, and non-ionic. The anionic segment held
a share of over 47% of the global Polyacrylamide Market Trends 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 Trends is expected to
propel during the forecast period.
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