Polyacrylamides Market to Witness Exponential Growth by 2025
The
global polyacrylamide market is gaining from the rising demand for
polyacrylamides for water and sewage treatment applications.
Treatment of natural water and sewage is closely linked with
environment conservation and is thus a present day problem which has
gathered the attention of civic authorities in several parts of the
world. Using water soluble compounds such as polyacrylamide
flocculants, the efficiency of removal of heavy metals in water and
sewage treatment processes has increased considerably.
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The
increasing use of polyacrylamides for desalination applications due
to its water solubility is positively impacting the polyacrylamide
market.
A
report by Transparency Market Research orecasts the global
polyacrylamide market to clock a CAGR of 6.3% during the 2017-2025
forecast period, for the market to be worth US$7,657.9 mn by the end
of 2025 from US$4,429.5 mn in 2016.
Waste
Water Treatment Application to Continue to Lead through 2025
The
report studies the global polyacrylamide market on the basis of type,
form, application, and geography. In terms of type, the
polyacrylamide market could be segmented into anionic, cationic,
non-ionic, and others. Of them, anionic segment led the
polyacrylamide market in 2016, followed by cationic segment. The
growth of anionic segment is mainly because of its low price leading
to its widespread application in water treatment and food cycling.
Non-ionic type polyacrylamides are primarily used in the mining
industry.
In
terms of form, the segments into which the polyacrylamide market
could be divided are powder, emulsion, gel, and others. Among them,
powder form is the leading segment in the polyacrylamide market.
Polyacrylamide is most commonly available in powder form, along with
its commercial availability in solid and liquid state. Polyacrylamide
is widely used in powder form, as liquid form is difficult to store
and transport. The others segment of the market based on form
comprise solutions and micro beads.
On
the basis of application, the segments into which the global
polyacrylamide market is divided in this report are waste water
treatment, oil & gas extraction, mining, agriculture, paper &
pulp, paints & coatings, textiles, food, and others. Oil &
gas and waste water treatment are the key application segments of
this market. Among all, waste water treatment held a significant
share of the global market in 2016. Initiatives undertaken by several
governments for the conservation of natural water resources is
boosting the market share of waste water treatment segment. Oil &
gas is a significant application segment as polyacrylamides are
extensively used for improving oil recovery and are used as drilling
and fracturing fluid agents.
Europe
to Display Decline in Demand through 2025
The
key regions into which the global polyacrylamide market is divided
are North America, Europe, Asia Pacific, Latin America, and the
Middle East & Africa. So far as dominance is concerned, Asia
Pacific held the leading share of polyacrylamide market in 2016. The
region led the market vis-Ã -vis revenue and is likely to hold on to
its leading share over the report’s forecast period. The rising
demand for polyacrylamide for water treatment applications is the key
factor driving growth in Asia Pacific. Growing population and
uncertain rainfall patterns in recent years in the region is driving
the demand for water treatment chemicals, which is anticipated to
open new growth avenues in the upcoming years.
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North
America followed by Europe stood as other significant markets for
polyacrylamide in 2016. The demand for polyacrylamide in Europe is
anticipated to dip by 1.4% by 2025.
Leading
players in the global polyacrylamide market include BASF SE, Kemira
Inc., Bio-Rad, Ashland Inc., and SNF Group.
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