March 04, 2020
The research report on ‘Asia Pacific Polyacrylamide Market Size By Product, Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2024’, which is available at MarketStudyReport.com, highlights the key industry trends and the growth factor for Asia-Pacific polyacrylamide market.
According to the report, growing population and rapid urbanization in Asia-Pacific has enhanced the dependency on natural resources such as freshwater reserves. This has increased the number of water treatment facilities and thus, is a major factor driving the polyacrylamide market in Asia-Pacific. Government of Philippines, Indonesia, China, India, and Thailand have introduced strict regulations regarding wastewater disposal from households and industries. This factor along with rising concerns regarding conservation of natural water resources are facilitating the polyacrylamide market revenues from Asia Pacific.
Based on the product landscape, cationic polyacrylamide market segment is presumed to expand with a CAGR of 10% during the period of 2019-2024. This product type helps to improve the wastewater quality in industries such as tanneries, sugar, and dyeing. Thus, growing demand for cationic polyacrylamide in oil & gas industries, sludge dewatering, and industrial wastewater treatment are fueling the growth of the segment.
Elaborating on the application spectrum, the report cites that the paper making applications of polyacrylamide are expected to hold 15% share by the year 2024. The product is used as a retention and drainage agent while manufacturing paper. It can also be utilized as a dispersing agent to reduce flocculation process, and thereby enhances the rate of paper formation. Thus, aforementioned factors are stimulating the segmental share.
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The prominent companies operating in the Asia-Pacific polyacrylamide market are Anhui Tianrun Chemicals Co., Beijing Hengju Chemical Group, ZL Petrochemicals, Anhui Jucheng Fine Chemicals, PetroChina Daqing Refining & Chemical Co., Jiangsu Feymer Technology, and Yixing Bluwat Chemicals Co.
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