New Environmental and Governmental Regulations to Create Opportunities in Polyacrylamide Market
Polyacrylamide is a polymer formed from acrylamide monomer. It is a water-soluble polymer that is primarily used as a flocculant. It is a synthetic chemical that is extensively used in a broad range of applications, such as sludge and wastewater treatment, mineral processing, and enhanced oil recovery, among others. Rising environmental issues and the consequent implementation of stringent regulations for wastewater handling is one of the major factors expected to boost the demand for polyacrylamide.
The polyacrylamide market is expected to reach USD 3.85 Billion by 2021, at a CAGR of 6.8% between 2016 and 2021. However, the high concentration of residual monomers in polyacrylamide is a health hazard, which has resulted in governments of various countries imposing stringent regulations, restricting its use to specific applications.
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Key companies profiled in this report are BASF SE (Germany), Kemira OYJ (Finland), SNF Floerger Group (France), PetroChina Daqing Petrochemical Company (China), and Anhui Jucheng Fine Chemicals (China). Companies such as, BASF SE (Germany), Kemira OYJ (Finland), and SNF Floerger Group (France) adopted agreements, expansions, and new product launches as their key growth strategies in the polyacrylamide market.
SNF Floerger Group (France) is the leading manufacturer of polyacrylamide, and accounted for a share of 65% of the polyacrylamide market in 2015. The company adopted expansion as a key strategy to achieve growth in the market. For instance, SNF Floerger Group installed 60,000 metric tons (MT) of polyacrylamide-based polymers and acrylamide monomers capacity at its Plaquemine, Louisiana site before the end of 2014. This expansion helped the company to create the second production site for polyacrylamide-based polymers and acrylamide monomers in the U.S. This brought SNF’s total U.S. emulsion production capacity to 260,000 MT per year and total powder production capacity to 160,000 MT per year.
Kemira OYJ (Finland) is another major player in the polyacrylamide market. Kemira signed a licensing agreement with Mitsui Chemicals, Inc. for acrylamide manufacturing technology, and completed a substantial capacity expansion for three sites in North America, thereby increasing its total manufacturing capacity by 60%. This strengthened the company’s polymer product line to the meet the increasing demand from applications, such as water reuse, wastewater treatment, rheology control, and shale fracturing.
The main objective of the study is to define, describe, and forecast the polyacrylamide market on the basis of type, application, and region. The report includes detailed information about the major factors, such as drivers, restraints, opportunities, and industry specific challenges influencing the growth of the market. The report strategically analyzes the market segments with respect to individual growth trends, growth prospects, and contribution to the total market. The market size of polyacrylamide is estimated, both in terms of volume and value, across regions, such as Asia-Pacific, Europe, North America, Middle East & Africa and South America.
Key Target Audience:
The polyacrylamide market is expected to reach USD 3.85 Billion by 2021, at a CAGR of 6.8% between 2016 and 2021. However, the high concentration of residual monomers in polyacrylamide is a health hazard, which has resulted in governments of various countries imposing stringent regulations, restricting its use to specific applications.
Download the pdf brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=257899545
Key companies profiled in this report are BASF SE (Germany), Kemira OYJ (Finland), SNF Floerger Group (France), PetroChina Daqing Petrochemical Company (China), and Anhui Jucheng Fine Chemicals (China). Companies such as, BASF SE (Germany), Kemira OYJ (Finland), and SNF Floerger Group (France) adopted agreements, expansions, and new product launches as their key growth strategies in the polyacrylamide market.
SNF Floerger Group (France) is the leading manufacturer of polyacrylamide, and accounted for a share of 65% of the polyacrylamide market in 2015. The company adopted expansion as a key strategy to achieve growth in the market. For instance, SNF Floerger Group installed 60,000 metric tons (MT) of polyacrylamide-based polymers and acrylamide monomers capacity at its Plaquemine, Louisiana site before the end of 2014. This expansion helped the company to create the second production site for polyacrylamide-based polymers and acrylamide monomers in the U.S. This brought SNF’s total U.S. emulsion production capacity to 260,000 MT per year and total powder production capacity to 160,000 MT per year.
Kemira OYJ (Finland) is another major player in the polyacrylamide market. Kemira signed a licensing agreement with Mitsui Chemicals, Inc. for acrylamide manufacturing technology, and completed a substantial capacity expansion for three sites in North America, thereby increasing its total manufacturing capacity by 60%. This strengthened the company’s polymer product line to the meet the increasing demand from applications, such as water reuse, wastewater treatment, rheology control, and shale fracturing.
The main objective of the study is to define, describe, and forecast the polyacrylamide market on the basis of type, application, and region. The report includes detailed information about the major factors, such as drivers, restraints, opportunities, and industry specific challenges influencing the growth of the market. The report strategically analyzes the market segments with respect to individual growth trends, growth prospects, and contribution to the total market. The market size of polyacrylamide is estimated, both in terms of volume and value, across regions, such as Asia-Pacific, Europe, North America, Middle East & Africa and South America.
Key Target Audience:
- Acrylamides Manufacturers
- Manufacturers of Polyacrylamide Material
- Traders, Distributors, and Suppliers of Polyacrylamide
- Regional Manufacturers’ Associations and General Polyacrylamide Associations
- Government and Regional Agencies and Research Organizations
- Investment Research Firms
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