Global Polyacrylamide market is estimated at $4.5 billion in 2015 and is expected to reach $8.1 billion by 2022 growing at a CAGR of 8.7% from 2015 to 2022. Rising environmental issues for waste water handling, increase in demand for coagulants and flocculants and growing shale gas production are the factors driving the market growth in the upcoming years. Some of the polyamides may cause health hazards which led the Government of some countries to impose strict regulations regarding their use, which is a restraining factor for the growth of polyacrylamide market. Improvement of bio-based acrylamide at reasonable prices is a key opportunity for the companies in market.
Water treatment segment dominated the market, accounting for more than 25% of the overall revenue in 2015. Instant demand for portable water in emerging economies including India is expected to augment industry expansion. Asia Pacific accounted more than 65% of the global market share, making it the largest market in 2015, and will witness significant growth owing to water treatment, oil & gas production, and mining primarily in China, India and Japan. Increasing population with developments in the infrastructure has resulted in an increasing demand for water, which will fuel growth of the market. Increasing release of impure water from different industries to which polymers are used for the treatment of water is expected to boost demand for polyacrylamide over the projected period.
Some of the key players in the market are:
SNF Group, BASF SE, Zhejiang Xinyong Biochemical Co. Ltd., PetroChina Company Limited, The Dow Chemical Company, Anhui Jucheng Fine Chemicals Co. Ltd, ZL Petrochemicals Co. Ltd., Beijing Heng- Chemical Group Co., Ltd., Ashland Inc., Shandong Shuiheng Chemical Co., Ltd., Yixing Bluwat Chemicals Co. Ltd., Feixiang Group of Companies, Xitao Polymer Co. Ltd., Kemira, Sigma-Aldrich Co. LLC, Jiangsu Feixiang Chemical Co. Ltd. and Shadong Polymer Biochemicals Co. Ltd.
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