ALBANY, N.Y., Nov. 9, 2020 /PRNewswire/ -- The booming oil sector may serve as a key to unlock humungous growth for the polyacrylamide market during the forecast period of 2019-2027. Polyacrylamide is a synthetic resin made by polymerizing acrylamide. It is prominently used as a coagulant, filtration aid, and flocculants in a wide range of applications that are determined by its physical form and its ionic type.
The large-scale utilization of polyacrylamide in secondary oil recovery as a thickening agent may invite good growth prospects for the polyacrylamide market during the assessment period of 2019-2027. Polyacrylamide is also utilized for separating macromolecules of different molecular weights. Extensive usage across several applications may bring overwhelming growth opportunities for the polyacrylamide market.
The rise in demand for energy due to the booming population is leading to an increase in exploration activities across a plethora of regions. This, in turn, is influencing the growth of the polyacrylamide market. Many other factors including the aforementioned factor have been studied by the researchers at Transparency Market Research (TMR).
After conducting a scrutinized analysis of every growth-related aspect, the researchers at TMR have concluded that the global polyacrylamide market may expand at a CAGR of 6.2 percent during the assessment period of 2019-2027.
The consistent depletion of freshwater reservoirs, coupled with the increasing pollution through releasing sewage water in these reservoirs is prompting the governments of various countries to increase their focus on wastewater treatment. Hence, this aspect may influence the growth of the polyacrylamide market to a great extent. In addition, the increasing population and industrialization may invite good growth prospects.
The use of polyacrylamide in other applications such as paper, oil recovery, food processing, metallurgy, mineral processing, chemicals, etc. may bring immense growth prospects across the tenure of 2019-2027.
Expansive investments in the research and development sector may invite promising developments across the polyacrylamide market
Utilization of polyacrylamide as flocculants in wastewater treatment will serve as a growth multiplier for the polyacrylamide market
Actions and initiatives toward developing a bio-based polyacrylamide may act as a robust pillar of growth
The global polyacrylamide market comprises numerous players but is dominated by a handful of well-established companies. The players in the polyacrylamide market are involved in activities like expansion, mergers, acquisitions, joint ventures, partnerships, and collaborations. These activities help in cementing the foothold of the players in the polyacrylamide market, eventually increasing the growth prospects.
Prominent participants across the polyacrylamide market are Anhui Jucheng Fine Chemicals Co. Ltd., PetroChina Company Ltd., Mitsubishi Rayon Co Ltd., SNF Floerger Group, and Kemira, and BASF.
Activated Carbon Market - The rise in usage of activated carbon in the water & wastewater treatment application is expected to drive the global activated carbon market during the forecast period. In the water filtration process, activated carbon is used to remove volatile organic compounds and chlorine from drinking water. It also helps remove lead, dissolved carbon, and contaminants. Governments across the world are spreading awareness about the health risks associated with drinking impure water. Countries such as India and China are investing significantly in water filtration plants. This is estimated to propel the activated carbon market during the forecast period.
Synthetic Diamond Market - A recent research report published by Transparency Market Research projects the global synthetic diamond market to expand at a CAGR of 7.2% during the period between 2019 and 2027. The report, titled "Synthetic Diamond Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019 - 2027," estimates the global Synthetic Diamond to reach US$ 34.3 Bn by 2027, from US$ 18.3 bn in 2018. Geographically, Asia Pacific led the global synthetic diamonds market with around 45% share in 2018. The trend is expected to continue in the coming years. The growing demand from developing economies like India, Japan, and China are driving the demand in this region. North America, Europe, the Middle East, and Africa will also hold significant shares in the global synthetic diamonds market.
Thermochromic Paints Market - Thermochromic paints are made of microencapsulated pigments. They can be based on liquid crystals or leuco dyes. Leuco dyes are popular once as they are abundantly available. They also have a wide range of color offerings. Based on type of pigment used, the thermochromic paints market can be segmented into reversible thermochromic pigment and irreversible thermochromic pigment. Thermochromic paints based on irreversible pigments hold larger share of the market in terms of volume. Thermochromic paints are used widely. However, the ability of these paints to change color just once through their service life is hampering the segment. Reversible thermochromic pigment-based paints are expensive and retain their ability of changing color over their entire lifespan. The segment accounts for dominant share of the market in terms of value. In terms of application, the thermochromic paints market can be divided into automotive, building & construction, consumer goods, packaging, defense & military, and others.
Paint Sealants Market - The growing automotive industry is a major driver of the paint sealants market. Sealants protect the car surface by providing strong protection from paint killers such as acid rain, sap, and UV rays. Sealants provide excellent protection and durability. Another factor that drives the paint sealants market is ease of application that paint sealants offer. Within one hour of applying the paint sealant on the car surface, the car can be driven in any climatic condition. However, with the use of paint sealants, the visual effect needs to be compromised. This is a restraining factor for the paint sealants market. Waxes provide greater shine than paint sealants and hence, rising use of wax may be a restraining factor for the paint sealants market.
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