Overview of the global polyacrylamide market
The global polyacrylamide market is anticipated to grow at a steady rate and will post a CAGR of close to 7% during the forecast period. The increasing demand for the enhanced oil recovery (EOR) technology in oil and gas industry will drive the growth prospects for the global polyacrylamide market in the forthcoming years. With the increasing number of depleting oil reserves, the oil and gas industry is relying on advanced techniques to increase the output of available oil wells and fields as well as newer ones. In EOR, techniques such as thermal, chemical, gas, and polymer are used to increase the production of crude oil that are useful in oil fields with poor permeability and irregular fault lines. Moreover, polymer EOR techniques are used to trap the free oil present in the reservoir. For instance, long chain molecules of polymer compounds such as polyacrylamide are injected into the reservoir along with water, which increases the viscosity of the water, improves the water-oil movement by expanding the volume of the displaced liquid and enhances the oil recovery.
In terms of geography, APAC accounted for the maximum market share in 2016 and will continue to dominate the market for the next few years. One of the major factors responsible for the increasing market share in the region is the improving economic conditions and rising industrialization in the countries of the region. Also, according to the market research analysis, the increasing oil and gas production will propel the growth of the market for the next few years. Furthermore, according to the market research information, the growing mining and mineral processing activities in the region is another driving factor for the growth of the polyacrylamide market.
Competitive landscape and key vendors
The global polyacrylamide market is highly diversified and competitive due to the presence of a limited number of regional and international vendors across the globe. Also, the competitive environment of the market will strengthen since it witnesses low product differentiation. Furthermore, these vendors are increasingly trying to bring in innovative and environment-friendly products to appeal to the growing customer base.
Key vendors in this market are -
- Anhui Jucheng Fine Chemicals
- BASF
- Kemira
- Shandong Shuiheng Chemical
- SNF
Other prominent vendors in the market include Anhui Tianrun Chemicals, Shandong Polymer, Bio-chemicals, Sigma-Aldrich, Xitao Polymer, Zibo East Polymer, and ZL Petrochemicals.
Segmentation by product type and analysis of the polyacrylamide market
- Anionic
- Cationic
- Non-ionic
The anionic segment accounted for the maximum market share in 2016 and will continue to dominate the market in the coming years. Some of the major factors responsible for the increasing market share of the segment includes its increasing use for industrial and municipal sewage wastewater treatment and oil and gas production. Furthermore, anionic polyacrylamides are also used in soil conservation and the reduction of erosion.
Segmentation by application and analysis of the polyacrylamide market
- Papermaking
- Water treatment
- Petroleum
The water treatment segment accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. Some of the major factors responsible for the market segment’s growth is the strict government regulations and increasing environmental concern related to the treatment of wastewater.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global polyacrylamide market?
- What are the key market trends impacting the growth of the global polyacrylamide market?
- What are the challenges to market growth?
- Who are the key vendors in the global polyacrylamide market?
- What are the market opportunities and threats faced by the vendors in the global polyacrylamide market?
- What are the trending factors influencing the market shares of APAC, Europe, North Americas, and ROW?
- What are the key outcomes of the five forces analysis of the global polyacrylamide market?
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