Polymeric Absorbents Market Is Growing High, Post Pendamic Era Situation And Forecast By 2022 To 2030
Also known as polymerized acrylamide, polyacrylamide (PAM) is formed by the synthesis of acrylamide subunits. A new report on the global polyacrylamide market, published by Market Research Future (MRFR), studies that this market can eye enlargement at 6.53% CAGR between 2022 and 2030. By monetary value, the market can be worth USD 4.7 Bn by the end of the forecast period.
The
most significant market driver for the global polyacrylamide market growth is growing
demand. The demand is increasing due to the increasing awareness regarding
wastewater management and growing need to reduce soil erosion. Polyacrylamides
are used for treating wastewater of numerous chemical industries and municipal
sewage treatment, including coal washing, the electronic, iron & steel,
metallurgy, and mineral processing industries. Polyacrylamide also acts as an
agent in various applications that include drag reduction, enhanced oil
recovery (EOR), and oil drilling additive. Due to its higher viscosity, the
hydrolyzed polyacrylamide offers an excellent oil recovery rate that is far
better compared to unhydrolyzed polyacrylamide. Other market drivers for the
global polyacrylamide market growth include rapid urbanization, growing
population, and subsequently increasing demand for enhanced oil recovery.
However, the change in the price of polyacrylamides of raw materials can hinder
the market growth.
Market Segmentation
The
global polyacrylamide market segmentation encompasses application and product
type. MRFR’s research on the market highlights many facets of the market
in-depth.
The
application-based segmentation of this market is covering enhanced oil
recovery, mineral processing, pulp & paper, water treatment, and others. The
water treatment segment holds the largest market share of 37%, followed by
enhanced oil recovery, mineral processing, and pulp & paper. The growing
demand for polyacrylamide in the oil & gas industry can also boost market
as PAM is being used for enhanced oil recovery, mud drilling activities, and
solid & liquid separation. In mineral processing, polyacrylamide is used
for cleaning fine coal slurry into vessels, and for enhancing the solid as well
as the liquid separation of the tailings. In the pulp & paper industry,
polyacrylamide can be used as a retention agent and a dry strength agent that
filters aid. Not only this quality of the polyacrylamide helps to improve the
paper quality, it also enhances the physical strength of paper while reducing
fiber loss.
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Regarding
the product type, the market has been segmented into anionic product, cationic
product, and non-ionic product. The anionic segment has 47% of the global
market share the status quo remains the same during the forecast period. Anionic
polyacrylamide can be used both as a food-grade and an industrial grade. Being
food grade, anionic polyacrylamide flocculants are used in ethanol plants, meat
processing, sugar mills, and wineries. However, the high dehydration rate of
cationic polyacrylamide allows its use in water treatment along with inorganic
coagulant in alcohol, beverage, monosodium glutamate, and sugar factories. It
is also used in dyeing, tanneries, and other fields. Cationic polyacrylamide is
also used as an additive in the paper & pulp industry.
Regional Segmentation
A
geographical outlining of the global polyacrylamide market covers Asia Pacific,
Europe, North America, Latin America, and the Middle East & Africa (MEA).
The
Asia Pacific region is holding the largest market share due to the large
presence of chemical and pharmaceutical industries that produce a large volume
of wastewater for whose treatment, the polyacrylamide is required. The presence
of major paper & pulp manufacturers in the region also boosts the market
growth. An examination of the remaining countries in the Asia Pacific region
featured in this report sums up the additional market revenue from some other
countries.
North
America can emerge as the fastest-growing market during the forecast period due
to the increasing number of water treatment plants, strict regulations
regarding wastewater treatment, and growth of the mining and papermaking
industries. USA and Canada generate maximum market revenue in this region.
During
the forecast period, the market in Europe can witness moderate growth. Germany
can experience the highest growth at 4.6% CAGR due to investments in water
purification and recycling processes. Other country-specific markets in this
region are Germany, France, Italy, Poland, Russia, Spain, and the UK. Research
on the remaining countries in Europe featured in this report estimate the
strong addition to market revenue from various other countries in this region.
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In
Latin America, the market is decent due to stable economies. However, the
market size is small as economies are smaller than North American economies.
The country-specific markets with maximum revenue in this region are Argentina,
Brazil, and Mexico. An assessment of the remaining countries in Latin America
listed in this report anticipates a decent contribution to market revenue from many
other countries.
During
the forecast period, the market in the MEA region is expected to grow
significantly due to the large presence of major oil & gas producers and
the increasing application of polyacrylamide as an oil recovery agent. Countries
impacting the market are Bahrain, Kuwait, Israel, North Africa, Oman, Qatar,
Saudi Arabia, Turkey, and the UAE. An assessment of the remaining countries in
the MEA region featured in this report anticipates a decent contribution to
market revenue from some other countries.
Key Players
Big
players in the global polyacrylamide market are Anhui Jucheng Fine Chemicals
Co. Ltd (China), Beijing Hengju Chemical Group Corporation (China), Ashland
(USA), BASF SE (Germany), Black Rose Industries Ltd. (India), China National
Petroleum Corporation (CNPC) (China), Daqing Zhonglan Petrochemical Co Ltd
(China), The Dow Chemical Company (USA), Dongying Kechuang Biochemical
Industrial Co. Ltd. (China), Kemira OYJ (Finland), PetroChina Company Limited
(China), SNF Group (France), and Xitao Polymer Co. Ltd. (China), and ZL
Petrochemicals Co. Ltd (China).
Latest Industry News
·
SNF
Group is set to invest USD 1.2 Bn to increase the production polyacrylamide in
three years. 22
AUG 2030
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