Polyacrylamide Market Led by Anionic Polyacrylamide to Exhibit 6.8% CAGR to 2021
PUNE, India, November 23, 2016 /PRNewswire/ --
The worldwide growth of the polyacrylamide market to 2021 is propelled by rising demand for enhanced oil recovery in emerging markets in Asia-Pacific while anionic polyacrylamide is the largest segment of the polyacrylamide market, based on type to reach 6.8% CAGR by registering $US 3.85 billion by 2021.
Complete report on global polyacrylamide market spread across 130 pages, profiling 11 companies and supported with 98 tables and 34 figures is now available at http://www.reportsnreports.com/reports/759444-polyacrylamide-market-by-type-anionic-cationic-non-ionic-application-water-treatment-pulp-paper-enhanced-oil-recovery-mineral-processing-region-global-forecast-to-2021.html
The polyacrylamide market is estimated to reach USD 3.85 billion by 2021, at a CAGR of 6.8% from 2016 to 2021. In recent years, the Enhance Oil Recovery (EOR) technology is being rapidly adopted by many countries, due to the shortage of current oil resources and difficulties in finding new oil fields that has resulted in energy crises. In the EOR technology, surfactant polymers are injected into a reservoir to reduce interfacial tension between oil and water that helps wipe out trapped oil from the reservoir rock. This consequently leads to increased oil production. Thus, the growing demand for enhanced oil recovery is expected to fuel the growth of the polyacrylamide market, as polyacrylamide is the most commonly used polymer in this application. However, the requirement of high capital expenditure for establishing polyacrylamide production plant creates high entry barriers for the small players, which may restrain the growth of the market.
Anionic polyacrylamide is used in various industries, including wastewater treatment, mineral processing, metallurgy, and electronic industries. It is also used to enhance the oil recovery process and as paper additive and textile pulp agent. The addition of anionic polyacrylamide to irrigation water reduces the erosion of soils to a great extent. Anionic polyacrylamide is extensively used in the wastewater treatment industry as a flocculating agent. It increases the aggregation of small particles, owing to its high molecular weight and good solubility. The growing demand for anionic polyacrylamide in water recycling and water clarification is some of the factors expected to drive the growth of this segment.
Asia-Pacific was the largest market for polyacrylamide in 2015. Increasing demand for polyacrylamide in China and India is expected to drive the growth of the polyacrylamide market in Asia-Pacific.
Key companies profiled in this market research report are BASF SE (Germany), Kemira OYJ (Finland), SNF FloergerGroup (France), Anhui Jucheng Fine Chemicals Co., Ltd (China), and Daqing Petrochemical Company (China). Order a copy of Polyacrylamide Market by Type (Anionic, Cationic, Non-Ionic), Application (Water Treatment, Pulp & Paper, Enhanced Oil Recovery, Mineral Processing), Region - Global Forecast to 2021 research report at http://www.reportsnreports.com/purchase.aspx?name=759444 .
The report includes in-depth competitive analysis of these key players in the polyacrylamide market, with their company profiles, SWOT analysis, recent developments, and key market strategies. In the process of determining and verifying, the global polyacrylamide market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (20%), Tier 2 (32%) and Tier 3 (48%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C level (18%), Director Level (27%) and others (55%) from various key organizations operating in the global polyacrylamide market. The primary interviews were conducted worldwide covering regions such as Asia-Pacific (49%), North America (30%), Europe (10%), Middle East & Africa (11%) and South America (10%).
On a related note, another research on Polymer Processing Aid Market Global Forecast to 2021 says, polyethylene to be the largest polymer type segment of the global market. The global polymer processing aid market is projected to reach USD 2.21 billion by 2021, at a CAGR of 5.2% between 2016 and 2021. Blown film & cast film to be the largest application segment, globally. Companies like 3M Company (U.S.), A. Schulman, Inc. (U.S.), Arkema S.A. (France), Clariant AG (Switzerland), Daikin America, Inc. (Japan), Fine Organics (India), Micro Epsilon (Lebanon), PolyOne Corporation (U.S.), Tosaf Group (Israel), and Wells Plastics Ltd. have been profiled in this 147 pages research report available at http://www.reportsnreports.com/reports/743703-polymer-processing-aid-market-by-polymer-type-polyethylene-lldpe-ldpe-hdpe-polypropylene-application-blown-film-cast-film-extrusion-blow-molding-wire-cable-pipe-tube-fibers-raffia-global-fore-st-to-2021.html .
Explore more reports on the chemicals market at http://www.reportsnreports.com/market-research/chemicals/ .
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