The polyacrylamide market is estimated to reach USD 3.85 Billion by 2021, at a CAGR of 6.8% between 2016 and 2021. The growth of the market can be attributed to the adoption of polyacrylamide in applications, such as water treatment and enhanced oil recovery. The base year considered for the study is 2015 while the forecast period is between 2016 and 2021.View full report - http://www.marketsandmarkets.com/Market-Reports/polyacrylamide-market-257899545.html
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Polyacrylamide Market by Type, Application, and Region - Global Forecast to 2021
Polyacrylamide Market by Type (Anionic, Cationic, Non-Ionic), Application (Water Treatment, Pulp & Paper, Enhanced Oil Recovery, Mineral Processing), Region - Global Forecast to 2021
The polyacrylamide market is estimated to reach USD 3.85 Billion by 2021, at a CAGR of 6.8% between 2016 and 2021.The growth of the market can be attributed to the adoption of polyacrylamide in applications, such as water treatment and enhanced oil recovery. The base year considered for the study is 2015 while the forecast period is between 2016 and 2021.
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Water treatment was the largest segment of the polyacrylamide market in 2015
The water treatment industry has been witnessing significant demand in recent years, due to increasing awareness for the wastewater management. Water treatment activities promote the usage of polyacrylamide as coagulant and flocculant, which is expected to boost the growth of the polyacrylamide market in the coming years.
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This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.
Cationic polyacrylamide is expected to be the fastest-growing segment of the polyacrylamide market
The high demand for cationic polyacrylamide can be attributed to its usage in various applications. It is used as an additive in different industries such as for wastewater treatment in alcohol, monosodium glutamate, sugar, and beverage factories. BASF SE introduced a new product range named, Aspiro for use in enhanced oil recovery.
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BASF SE (Germany), Kemira OYJ (Finland), SNF Floerger Group (France), Anhui Jucheng Fine Chemicals Co., Ltd (China), and Daqing Petrochemical Company (China)
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