The global polyacrylamide is being dominated by a few players due to
their large production capacities. Their lion’s share is also being
supplemented by the growing investment in effective backward
integration plans, Transparency Market Research states in a new
report. The top three players, SNF, China National Petroleum, and
Kemira, held a mammoth share of 53.1% in 2014.
The business strategy of expanding production capacities is
anticipated to help the companies operating in the global market seek
higher revenues and better market presence. Mergers and acquisitions
are also being considered by some of the leading players in the
global market to add value to its technical know-how, product
portfolio, and expansion of production facilities. BASF played a huge
role in affirming this trend as it merged its oilfield solution,
mining, and water businesses into one unit, thereby improving its
business in North America.
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Pressing
Need to Treat Water Increases Polyacrylamide Usage
The unique characteristics of polyacrylamide make it the perfect
flocculating and coagulating agent that is required for separating
suspended solid particles present in the wastewater. Thus,
polyacrylamide plays an integral in water treatment, which has become
a growing concern due to rapid industrialization and increasing water
pollution levels. TMR analyst says, “The demand for polyacrylamide
is also seen rising against the backdrop of the stringent regulatory
framework to treat water before it is let out from industries and
other municipal sources.” Furthermore, the rise in the shale gas
exploration and production activities is also going to propel this
market as polyacrylamide is largely used for drilling.
The volatile nature of raw material prices such as acrylonitrile,
which is made from crude oil, is the biggest restraint in the
production and sale of polyacrylamide market. Any change in the price
of crude oil has a direct impact on the polyacrylamide production.
Another factor hampering discouraging polyacrylamide usage is the
fact that acrylamide remains carcinogenic in nature. This restraint
is further supported by World Health Organization that states the
quantity of acrylamide concentration should not be more than 0.5
micrograms per liter of water.
Shale
Gas Exploration Opens Doors for Opportunities
Several application opportunities offered by the oil and gas segment
will overpower the restraints in the global polyacrylamide market.
The phenomenal progress of the shale gas and wet shale gas production
is anticipated to have a positive impact on the overall market.
Polyacrylamide is extensively used in the oil and gas sector as it
improves oil recovery by reducing friction.
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Market Research Report with ToC & Analysis :
The research report indicates that the opportunity in the global
polyacrylamide market will be worth US$6,678.0 mn by 2023 as compared
to US$4,089.5 mn in 2014. During the mentioned forecast period of
2015 and 2023, the market is anticipated to progress at a CAGR of
5.6%. The largest application segment of the polyacrylamide is water
treatment where it is used as a flocculating agent. From 2015 to 2023
this application segment is anticipated to surge at a CAGR of 5.3%.
The analysis of the global polyacrylamide market has been based on
the observations stated by the Transparency Market Research titled
“Polyacrylamide - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2015 - 2023.”
This
report segments the global polyacrylamide market as follows:
Polyacrylamide
Market – Product Segment Analysis
- Non-ionic Polyacrylamide
- Cationic Polyacrylamide
- Anionic Polyacrylamide
- Others (Including Homopolymers, Copolymers, etc.)
Polyacrylamide
Market – Application Analysis
- Water Treatment
- Oil and Gas
- Paper
- Others (Including Mining, Biomedical, etc.)
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Us
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company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
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information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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