The global polyacrylamide market has been estimated at USD XX.XX billion in 2016 and is projected to reach USD XX.XX billion by 2021, growing at a CAGR of X.X% during the forecast period.
Polyacrylamide is a high water absorbing polymer (formed by polymerizing acrylamide and bis-acrylamide), which is most commonly used in water treatment industry as a flocculent. The other industries where polyacrylamide has a significant impact are oil and gas, pulp and paper, cosmetics, mining, and others.
The growing use of polyacrylamide in the oil industry for enhanced oil recovery is the main driver for the market. The stringent environmental regulations regarding sewage treatment, leading to the growth of the water treatment industry, along with growth in the mining industry, will also affect the market, positively.
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The polyacrylamide market, based on ionic nature, is divided into anionic, cationic, non-ionic and others; with anionic segment leading the market, with a 41% share. Anionic polyacrylamide can be synthesized as either straight chain or cross-linked.
The market is segmented by the production process, on the basis of catalyst used, into copper-based or microbial enzyme-based. By application, the market is segregated as flocculants, contact lenses, and soil conditioners, binders in skin lotions and for enhanced oil recovery.
Flocculants have the largest use, constituting 39% of the market share.
The market has also been geographically segmented into APAC, North America, Europe, South America, and MEA. In terms of consumption in 2016, China leads the market with a share of 46%, followed by North America (mainly the USA) and Europe.
Opportunities and Market Players
The development of various bio-based polyacrylamide, leading to reduced environmental concerns, is expected to create opportunities for the global polyacrylamide market.
Some of the major companies dominating this market for polyacrylamide production and uses are:
Anhui Jucheng Fine Chemicals Co., Ltd.
Beijing Hengju Oilfield Chemical Agent Co. Ltd.
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Key Deliverables in the Study
Market analysis for the global polyacrylamide market, with region-specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global polyacrylamide market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.
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