May 27, 2020
According to the research report titled ‘Polyacrylamide Market Size By Product, By Application, Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026’, available with Market Study Report LLC, global polyacrylamide market is projected to expand significantly during the forecast period.
Extensive use of polyacrylamide (PAM) in a plethora of applications such as paper making, petroleum and water treatment among others, is a major factor driving the market growth.
As per the product type, NPAM (non-ionic polyacrylamide) market segment is reckoned to record a y-o-y growth rate of 5.9% through 2024. The product is utilized as a thickening agent in colliery effluent treatment applications. Since wastewater mainly comprises of clay particles, non-ionic polyacrylamides help in flocculating these suspended particles. Meanwhile, others segment including acrylamide and amphoteric PAM is slated to expand at 3.7% CAGR during the study period.
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Global polyacrylamide market share from textile and mining applications is predicted to grow with a CAGR of 6.9% over the estimated timeline. Increasing utilization of PAM in textile auxiliaries is fueling the segmental growth. The product is added in small quantities alongside other chemicals during textile production for textile sizing. Polyacrylamides possess exceptional hygroscopicity, adsorbability, dispersibility, film forming capability and smoothness of size. It also offers low elasticity as well as high strength and is soluble in all types of pulps, making it ideal for textile industry.
Considering the geographical landscape, Latin America held 5.1% share in the overall polyacrylamide market in 2018 and is anticipated to witness consistent growth in the forthcoming years. Increasing oil recovery activities in the petroleum sector coupled with growing population and consequently rising demand for wastewater treatment solutions are promoting the industry dynamics in LATAM.
Parallelly, Middle East & Africa polyacrylamide industry is reckoned to witness a growth rate of 4.3% 2024. Scarcity of water resources in Africa has impelled the adoption of efficient wastewater treatment solutions, hence bolstering the demand for polyacrylamide.
Xitao Polymer Co. Ltd., Shuiheng Chemicals, Envitech Chemical Specialties Pvt. Ltd., King Union Group Corp., Yixing Bluwat Chemicals Co. Ltd., ZL Petrochemicals Co. Ltd., Ashland Inc., Solenis, Shandong Polymer Biochemicals Co. Ltd., Mitsubishi Rayon Co. Ltd., Jiangsu Feymer Technology Co. Ltd., Beijing Hengju Chemical Group Co., Anhui Tianrun Chemicals Co. Ltd., PetroChina Daqing Refining & Chemical Co., Anhui Jucheng Fine Chemicals Co. Ltd., Solvay, Kemira Oyj, SNF Floerger Group and BASF SE are the prominent companies operating in global polyacrylamide market.