This report describes and assesses the global polyacrylamide market. It covers three five-year periods including 2015 to 2020 called historical period, forecast period 2020-2025 and 2025-2030 another forecast period.
/ EIN News / – LONDON, Nov. 09, 2021 (GLOBE NEWSWIRE) – According to The Business Research Company’s research report on the Polyacrylamide Market, the growth over the historical period of the Polyacrylamide market results from the increase material applications, growth in the pulp and paper industry, strong economic growth, demand for polyacrylamide for petroleum recovery, and government regulations for wastewater treatment. The market has been constrained by geopolitical tensions, strict regulations and environmental concerns over polyacrylamide.
Polyacrylamide (PAM) is an organic polymer formed from acrylamide subunits. It is initially produced with a simple, repeating linear chain structure, but can be improved to form highly structured, branched and crosslinked variants. It is used in various manufacturing and industrial processes.
The polyacrylamide market consists of sales of polyacrylamide by entities (organizations, independent traders and partnerships) that manufacture polyacrylamide. Polyacrylamide is a synthetic resin produced by polymerizing acrylamide, it is a water soluble polymer used to stabilize or form gels, and can be used as a clarifying or thickening agent. Polyacrylamide is used in a wide range of applications, but it is primarily used for the separation of solids / liquids in the industrial and municipal wastewater sectors.
Market size Forecasts
The global polyacrylamide market is expected to grow from $ 3.72 billion in 2020 to $ 3.95 billion in 2021 at a compound annual growth rate (CAGR) of 5.98%. The growth of the polyacrylamide market is mainly due to the increased demand from the water treatment industries, due to the strict regulatory measures against wastewater disposal and the growing concerns for the environment. The market is expected to reach $ 5.89 billion in 2025 at a CAGR of 10.54%.
The global polyacrylamide market is highly concentrated, with a small number of large players dominating the market. The top ten competitors in the market accounted for 55.11% of the total market in 2020. The major market players are Ashland Inc., BASF SE, SNF Floerger Group, Kemira Oyj, Solvay, Petro China, Bluwat Chemicals, Black Rose Industries Ltd ., Anhui Jucheng Fine Chemicals Co. Ltd. and Xitao Polymer Co Ltd.
The commercial research companythe report titled Global Polyacrylamide Market Report 2021 – By Product (Anionic, Cationic, Nonionic), By Physical Form (Powder, Liquid, Emulsion, or Dispersion), By End User (Water Treatment, Oil & Gas, Pulp & Paper , mining), COVID-19 Growth and Change covers major Polyacrylamide companies, Polyacrylamide market share by company, Polyacrylamide manufacturers, Polyacrylamide market size, and Polyacrylamide market forecast. The report also covers the global polyacrylamide market and its segments.
Asia-Pacific was the largest region in the polyacrylamide market, accounting for 30.9% of the total in 2020. It was followed by North America, Western Europe, and then other regions. Looking ahead, the fastest growing regions in the polyacrylamide market will be North America and Asia-Pacific, where the growth will be 8.7% and 8.0% respectively in 2020-2025 . These will be followed by Africa and the Middle East, where the markets are expected to register CAGRs of 7.6% and 7.5% respectively.
Future drivers and market constraints
In the future, the increasing demand for wastewater treatment, the rapid industrialization and growth of the oil and gas industry in Asia-Pacific, as well as the development of bio-based polyacrylamide will drive the growth of the polyacrylamide market. Factors that could hamper market growth in the future include fluctuating commodity prices, anti-dumping duties on Chinese manufacturers, and the coronavirus pandemic.
The polyacrylamide market is segmented by product into anionic, cationic, nonionic, and others. The anionic market was the largest segment of the polyacrylamide market segmented by product, accounting for 54.3% of the total in 2020. Going forward, the cationic segment is expected to be the fastest growing segment of the polyacrylamide market segmented by type, at a CAGR of 7.6% in 2020-2025.
The polyacrylamide market is also segmented by physical form in powder, liquid and emulsion or dispersion, with the liquid market accounting for 56.8% of the total in 2020, and by end user in water, oil and gas, pulp and paper treatment. , mining and other end-users, with the water treatment market accounting for 35.4% of the total in 2020.
The major opportunities in the polyacrylamide market segmented by type will arise in the cationic segment, which will gain $ 1,661.7 million in annual global sales by 2025. The major opportunities in the polyacrylamide market segmented by physical form will arise in the liquid segment, which will earn $ 3,704.1 million in annual global sales by 2025, and per end user will occur in the water treatment segment, which will earn $ 2,309.5 million in sales annuals by 2025.
Global Polyacrylamide Market Report 2021 – COVID-19 Growth and Change is part of a series of new reports from The commercial research company which provide Polyacrylamide market overviews, Polyacrylamide market analysis and market size and growth forecast for the overall Polyacrylamide market, segments and geographies of Polyacrylamide market, Polyacrylamide market trends, Polyacrylamide Market Drivers, Polyacrylamide Market Restraints, Revenue, Profiles and Market Share of Key Polyacrylamide Market Competitors in Over 1,000 Industry Reports, Covering Over 2,500 Market Segments and 60 geographic areas.
The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are backed by 150,000 datasets, in-depth secondary research, and proprietary information from interviews with industry leaders. A team of highly experienced and expert analysts and modelers provide market analysis and forecast. The reports identify major countries and segments for opportunities and strategies based on market trends and approaches of major competitors.
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