The
global demand for polyacrylamide stood at USD 4.7 billion in 2018, and
the market is poised to exhibit a CAGR of over 6.53% during the forecast
period. The growth of the market is driven by the increasing demand for
the product in the wastewater treatment industry due to the growing
regulations regarding treated water and recycling of wastewater from the
chemical, pharmaceutical, and other industries. Additionally, the
growing demand for oil and natural gas is expected to increase the
application of polyacrylamide in the oil recovery process and boost the
growth of the global market during the forecast period.
Segment Analysis
The global Polyacrylamide Market Share has been segmented by product type and application.
Based
on product type, the polyacrylamide market has been segmented into
anionic, cationic, and non-ionic. The anionic segment held a share of
over 47% of the global polyacrylamide market in 2018 and is expected to
follow the same trend during the forecast period. Anionic polyacrylamide
flocculants are food grade, widely used in wineries, ethanol plants,
meat processing, and sugar mills. Anionic polyacrylamide could be used
both as an industrial grade and as a food grade. However, cationic
polyacrylamide has high dehydration rate, which allows it to be used in
water treatment along with inorganic coagulant in monosodium glutamate,
alcohol, beverage, and sugar factories, as well as tanneries, dyeing,
tanneries, and other fields. Cationic polyacrylamide is also used as an
additive in the paper and pulp industry.
By
application, the market has been segmented into water treatment, pulp
& paper, mineral processing, enhanced oil recovery, and others. The
PAM finds wide application in the water treatment industry followed by
enhanced oil recovery, mineral processing, and pulp & paper. The
wastewater treatment segment is expected to hold a share of over 37%
during the forecast period. The growing demand for polyacrylamide in the
oil and gas industry is expected to boost the growth of the market
owing to its application in enhanced oil recovery, solid and liquid
separation, and mud drilling activities. In mineral processing,
polyacrylamide is used for clarification of fine coal slurry into
vessels, while enhancing the solid and liquid separation of the
tailings. Furthermore, in the pulp and paper industry, polyacrylamide is
used as a dry strength agent to filter aid, and as a retention agent.
This property of the polyacrylamide helps to improve the paper quality
while enhancing the physical strength of paper coupled with the
reduction in fiber loss. Owing to these factors, the polyacrylamide
market is expected to propel during the forecast period.
Competitive Analysis
The
key players operating in the global polyacrylamide market include Black
Rose Industries Ltd (India), China National Petroleum Corporation
(CNPC) (China), BASF SE (Germany), Dongying Kechuang Biochemical
Industrial Co., Ltd (China), Kemira OYJ (Finland), Anhui Jucheng Fine
Chemicals Co., Ltd (China), SNF Group (France), Daqing Zhonglan
Petrochemical Co Ltd (China), PetroChina Company Limited (China),
Ashland (US), ZL Petrochemicals Co., Ltd (China), Beijing Hengju
Chemical Group Corporation (China), Xitao Polymer Co. Ltd (China), The
Dow Chemical Company (US).
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