The Polyacrylamide Market is estimated to grow from USD 2.58 Billion in 2015 to USD 3.85 Billion by 2021, at a CAGR of 6.8% from 2016 to 2021. Key players in the polyacrylamide market are BASF SE (Germany), Kemira OYJ (Finland), SNF Floerger Group (France), Anhui Jucheng Fine Chemicals Co., Ltd (China), and Daqing Petrochemical Company (China).
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The growth of the market can be attributed to the increasing usage of polyacrylamide in applications such as water treatment and enhanced oil recovery. Increased usage of polyacrylamide in water treatment and rapid urbanization in emerging Asian countries, such as India and Thailand, are the major factors expected to fuel the growth of the polyacrylamide market in the coming years. Polyacrylamide is also extensively used in enhanced oil recovery.
Water treatment was the largest segment of the polyacrylamide market in 2015
The water treatment industry has been witnessing significant demand in recent years, due to increasing awareness for the wastewater management. Water treatment activities promote the usage of polyacrylamide as coagulant and flocculant, which is expected to boost the growth of the polyacrylamide market in the coming years.
Cationic polyacrylamide is expected to be the fastest-growing segment of the polyacrylamide market
The high demand for cationic polyacrylamide can be attributed to its usage in various applications. It is used as an additive in different industries such as for wastewater treatment in alcohol, monosodium glutamate, sugar, and beverage factories. BASF SE introduced a new product range named, Aspiro for use in enhanced oil recovery.
Asia-Pacific was the largest market for polyacrylamide in 2015
Asia-Pacific was the largest market for polyacrylamide in 2015. The increasing water treatment activities in Malaysia, India, and China are projected to boost the demand for polyacrylamide in the coming years. Urbanization and rising environmental awareness are expected to drive the demand for wastewater treatment, leading to growth in the polyacrylamide market.
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Scope of the Report:
This research report categorizes the polyacrylamide market on the basis of type, application, and region.
On the basis of Type:
On the basis of Application:
- Water Treatment
- Enhanced Oil Recovery
- Pulp & Paper
- Mineral processing
On the basis of Region:
- North America
- Middle East, Africa
- South America
Major Companies have adopted agreements, expansions, and new product launches as their key growth strategies in the polyacrylamide market.
SNF Floerger Group (France) is the leading manufacturer of polyacrylamide, and accounted for a share of 65% of the polyacrylamide market in 2015. The company adopted expansion as a key strategy to achieve growth in the market. For instance, SNF Floerger Group installed 60,000 metric tons (MT) of polyacrylamide-based polymers and acrylamide monomers capacity at its Plaquemine, Louisiana site before the end of 2014. This expansion helped the company to create the second production site for polyacrylamide-based polymers and acrylamide monomers in the U.S. This brought SNF’s total U.S. emulsion production capacity to 260,000 MT per year and total powder production capacity to 160,000 MT per year.
Kemira OYJ (Finland) is another major player in the polyacrylamide market. Kemira signed a licensing agreement with Mitsui Chemicals, Inc. for acrylamide manufacturing technology, and completed a substantial capacity expansion for three sites in North America, thereby increasing its total manufacturing capacity by 60%. This strengthened the company’s polymer product line to the meet the increasing demand from applications, such as water reuse, wastewater treatment, rheology control, and shale fracturing.
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