Polyacrylamide Market Segmentation by Product Types and Application with Forecast to 2024


Posted October 1, 2019 by Avinash1234

Global Polyacrylamide Market: Information by Product Type (Anionic, Cationic and Non-ionic), Application (Water Treatment, Pulp & Paper, Mineral Processing, Enhanced Oil Recovery) and Region - Forecast till 2024

 
Market Summary:

The Global Polyacrylamide Market is expected to register a CAGR of over 6.53% during the forecast period. In terms of value and volume, the demand in Asia-Pacific was the largest in 2018, and the regional market is poised to exhibit a significant CAGR during the forecast period. The North America market is expected to exhibit the highest CAGR of 6.87% during the forecast period due to the growth in several water treatment plants coupled with the expanding mining and paper making industries in the region.

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Segmentation:

The Global Polyacrylamide Market has been segmented based on Product Type, Application and Region.

By Product Type, the global market has been classified into anionic, cationic, and non-ionic.

Based on Application, the global market has been divided into water treatment, pulp & paper, mineral processing, enhanced oil recovery, and others.

Regional Analysis:

Geographically, the Global Polyacrylamide Market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The Asia-Pacific Polyacrylamide Market is projected to register 6.42% CAGR owing to the increasing demand for Polyacrylamide due to its coagulating and flocculating properties. The demand is, particularly in the water treatment industry. Moreover, rapid urbanization along with the allied sectors such as construction and automotive industry has surged mining activities across the region, which is expected to boost the growth of the Polyacrylamide Market. The growth of the regional market is also related to the growth of the paper and pulp industry, as the imposition of ban on the use of plastics has surged the growth of the paper making industry in the region. This is expected to further propel the growth of the Polyacrylamide Market in the region.

North America is expected to register the highest CAGR during the forecast period due to the increasing application in water treatment and paper manufacturing plants. According to the EPA (US), over 50% of the overall demand for Polyacrylamide is attributed to its application in water treatment plants. The rise in awareness towards the environment in the region coupled with stringent government regulations is expected to propel the demand for Polyacrylamide across the region. In addition, the introduction of Polyacrylamide in the production of Polyacrylamide powder and gel for pharmaceutical and bioscience sector in the region is further expected to augment the growth of Polyacrylamide in the region during the forecast period.

The demand in Europe is projected to grow at a moderate rate during the forecast period. However, the expansion of major players into the region is expected to fuel the growth of the Polyacrylamide Market in the region. For instance, in 2016, BASF SE planted its latest bio-acrylamide manufacturing plant in Bradford, England, which is expected to increase the supply of the product across various parts of the region. Moreover, major investment in wastewater treatment of industries and recycling facilities in the region is expected to augment the growth of the Polyacrylamide Market across the region during the forecast period.

The Latin America market is expected to exhibit moderate growth with respect to the increasing industrialization. The market in the Middle East & Africa is likely to witness significant growth during the forecast period. The growth of the Middle East and African market is due to the large presence of oil and gas industries across the region.

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Tags polyacrylamide market
Last Updated October 1, 2019