Polyacrylamide Market drivers of growth analyzed in a new research report

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Polyacrylamide Market For Water Treatment to Grow
at 8 CAGR from 2017 to 2024
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Global Market Scenario of Polyacrylamide Industry

• The 2017 Polyacrylamide Market price forecast
  report focuses on regional growth for 15
  countries, leading industry companies,
  applications of Aluminum Alloys Market and more
  with an aim to help take business decisions.
• Polyacrylamide Market size is expected to surpass
  USD 10.7 billion according to a new research
  report by Global Market Insights, Inc.
• Increasing adoption of water treatment unit to
  treat waste water released from industrial and
  household sector has been a major factor
  propelling the product demand during the forecast
  period. It has been principally involved as a
  flocculant in the industrial sector due to its
  high mixing ability, non-poisonous nature, water
  solubility, etc.
• Ministries and regulatory bodies have formulated
  stringent laws to protect environment and
  practice sustainable business development in the
  near future. These trends are probable to
  continue which will have a positive influence on
  the polyacrylamide market size by 2024.

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• Swiftly exhausting natural resources and strong
  awareness among consumers primarily in the Asia
  Pacific has been playing an important role in
  prevailing water treatment units in the
  industrial and household sector. Furthermore,
  product finds wide-ranging applications in the
  upstream petroleum industry for attaining crude
  oil present beneath the earth surface.
• This is credited to its versatile features
  including high thickness, gel formation and
  henceforth making it preferable in the enhanced
  oil recovery (EOR) process. A major chunk of over
  600 tcf (trillion cubic feet) of proven and
  attainable unconventional gas reserves are
  present in the U.S. which are probable to be
  recovered in the near future which will drive
  polyacrylamide market size by 2024.
• Unstable feedstock prices as they are obtained
  from petroleum is likely to obstruct the
  polyacrylamide market size by 2024. Rising demand
  for bio-based products along with cancer-causing
  product characteristics is likely to hamper
  polyacrylamide market size over the coming years.

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360 Industry Analysis

• Product Analysis-
• 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.

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Regional Analysis 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. Competitive Analysis 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.
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