Polyacrylamide Market to surpass $10.7bn by 2024: Global Market Insights, Inc.

Polyacrylamide Market Size By Product (Non-ionic [NPAM], Cationic [CPAM], Anionic [APAM]), By Application (Water Treatment, Petroleum, Paper Making), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 - 2024

OCEAN VIEW, Del., Nov. 29, 2017 /PRNewswire-iReach/ -- Global Polyacrylamide Market is set to rise at an unprecedented pace with the global population battling the catastrophe of water scarcity and depleting water resources. Recognized as an excellent flocculent, polyacrylamide is highly used as a water absorbing polymer in the treatment of waste water released from household and industrial sectors. Polyacrylamide Market is further projected to gain strong footing with the formulation of stringent regulatory compliances pertaining toward waste water treatment. Such regulations coupled with the wide usage of this chemical in water treatment applications have left subsequent impact on the demand of polyacrylamide market, which was pegged at USD 5.5 billion in 2016. Below mentioned are most lucrative applications of polyacrylamide.

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Anionic polyacrylamide market size has captured a major chunk of the overall business size and shall attain gains of over 7% CAGR by 2024. Product is preferable for treating thick, alkaline waste water coming primarily from iron & steel plant, metal industry, etc. Moreover, the product is excessively utilized in the energy sector to boost drilling frequency to attain crude oil available underneath the earth surface. Non-ionic polyacrylamide market size will witness 8.5% CAGR over the forecast timeframe. It is desirable to treat acidic waste water which is released from industries including mining & coal, paper making, food processing, etc.

Polyacrylamide market size for water treatment is projected to rise with more than 8% CAGR by 2024. Escalating population primarily in the emerging economies has been increasing waste water coming from industrial and household sector. Improving laws imposed by ministries and regulators in the Asia Pacific has compelled industries to adopt water treatment units which will push product demand and will help attain prominent gains over the projected timeframe.

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Geographically, Asia Pacific is one of the major growth avenues of polyacrylamide market, driven by vigorous initiatives in this region to conserve its natural water resources coupled with increasing waste water ratio due to rapid industrialization. As per the estimates, APAC is foreseen to exhibit a CAGR of 8% over 2017-2024, primarily driven by China, India, and Malaysia. China's total waste water discharge has increased from 41.5 billion tones in 2000 to 68.5 billion tones in 2012, a significant raise of 65% over the period. Growing urbanization trends in the region has led to a raise in domestic wastewater volumes.  China's urbanization rate has soared from 36% to 53% over 2000-2012 and is anticipated to be over 60% by 2020. Subject to this fact, China polyacrylamide market is likely to witness a lucrative roadmap over the coming seven years.

North America polyacrylamide market size is predictable to reach over USD 2.1 billion by 2024. This is owing to the prevailing unconventional gas resources in the U.S. which will stimulate product demand for its applications in the EOR technology to attain crude oil. In addition, strong regulatory framework against factors having hazardous environment impact to maintain sustainable business development will further drive product demand to be used across waste water treatment plants which will drive the polyacrylamide market size by 2024.

Key industry share contributors of polyacrylamide market size are PetroChina Company, Kemira Oyj, BASF, Mitsubishi Rayon, Ashland, Yixing Bluwat Chemicals, Xitao Polymer and Beijing Hengju Chemical Group.

Browse key industry insights spread across 124 pages with 143 market data tables & 13 figures & charts from the report, "Polyacrylamide Market Share & Forecast, 2017 – 2024" in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/polyacrylamide-market

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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