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.
This 189 page report gives readers a comprehensive
overview of the Polyacrylamide market. Browse Market Research Report
@
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.
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%.
Get accurate market forecast and analysis on the
Polyacrylamide market. Request a sample to stay abreast on the key
trends impacting this market@
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.)
About
Us
Transparency Market Research (TMR) is a global market intelligence
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
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
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.
Contact Us
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
No comments:
Post a Comment