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Polyacrylamide Market worth 3.85 Billion USD by 2021
The report "Polyacrylamide Market by Type (Anionic, Cationic, Non-Ionic), Application (Water Treatment, Pulp & Paper, Enhanced Oil Recovery, Mineral Processing), Region - Global Forecast to 2021", The polyacrylamide market is estimated to grow from USD 2.58 Billion in 2015 to USD 3.85 Billion by 2021, at a CAGR of 6.8% from 2016 to 2021.
Browse 98 market data tables and 34 figures spread through 130 pages and in-depth TOC on “Polyacrylamide Market by Type (Anionic, Cationic, Non-Ionic), Application (Water Treatment, Pulp & Paper, Enhanced Oil Recovery, Mineral Processing), Region - Global Forecast to 2021”
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The growth of the market can be attributed to the increasing usage of polyacrylamide in applications such as water treatment and enhanced oil recovery. Increased usage of polyacrylamide in water treatment and rapid urbanization in emerging Asian countries, such as India and Thailand, are the major factors expected to fuel the growth of the polyacrylamide market in the coming years. Polyacrylamide is also extensively used in enhanced oil recovery.
Water treatment was the largest segment of the polyacrylamide market in 2015
The water treatment industry has been witnessing significant demand in recent years, due to increasing awareness for the wastewater management. Water treatment activities promote the usage of polyacrylamide as coagulant and flocculant, which is expected to boost the growth of the polyacrylamide market in the coming years.
Cationic polyacrylamide is expected to be the fastest-growing segment of the polyacrylamide market
The high demand for cationic polyacrylamide can be attributed to its usage in various applications. It is used as an additive in different industries such as for wastewater treatment in alcohol, monosodium glutamate, sugar, and beverage factories. BASF SE introduced a new product range named, Aspiro for use in enhanced oil recovery.
Asia-Pacific was the largest market for polyacrylamide in 2015
Asia-Pacific was the largest market for polyacrylamide in 2015. The increasing water treatment activities in Malaysia, India, and China are projected to boost the demand for polyacrylamide in the coming years. Urbanization and rising environmental awareness are expected to drive the demand for wastewater treatment, leading to growth in the polyacrylamide market.
Key players in the polyacrylamide market are BASF SE (Germany), Kemira OYJ (Finland), SNF Floerger Group (France), Anhui Jucheng Fine Chemicals Co., Ltd (China), and Daqing Petrochemical Company (China).
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