11630 SW 97 Street, Miami, Florida 33176, US
Advertising Driven Press Release Distribution
Advertising Driven Press Release Distribution
Polyacrylamides Market size is forecast to reach US$4.9 billion by 2026, after growing at a CAGR of 6.7% during 2021-2026 due to increasing consumption from water treatment, oil & gas, personal care & cosmetics, and other industries. Polyacrylamide is used in drilling muds, additives for fracking fluid, and enhances oil recovery. In different applications, polyacrylamide acts as an agent such as drag reduction which is estimated to grow the demand for polyacrylamide. Additionally, polyacrylamide is a polyolefin that is used as flocculants or coagulants for municipal and industrial water treatment. Thus, increasing treatment capacity is also estimated to boost the market size. According to the Ministry of Ecology and Environment, in China capacity of municipal wastewater treatment increased from 50 billion m3 to 53.2 billion m3, while the wastewater treatment rate increased from approximately 94% to over 95% between 2018-2019. Hence, such factors are estimated to propel the polyacrylamide market during the forecast period.
Impact of COVID-19:
COVID-19 has brought effects on many aspects, like massive slowing of the supply chain, falling business confidence, and uncertainty about the future. Due to lockdown, the market is negatively impacted because of material supplements, production, transportation, and other aspects. These aspects are continuous in Q2 2021, which is limit the consumption of polyacrylamide
Polyacrylamides Market Segment Analysis – By Type
Cationic held the largest share of the global polyacrylamide market in 2020. Cationic is effective before the sludge into the filter press sludge dewatering as it contains moisture below 80%. Cationic in acidic or alkaline medium with the negative charge of the sewage in the sewage flocculation. Textile printing and dyeing wastewater required a negative charge of water treatment flocculants or coagulants with cationic polyacrylamide. Cationic polyacrylamide paper enhancement agent is a kind of containing carbamoyl radicals of water-soluble which may very effective to improve the paper strength. Hence, increasing usage of cationic polyacrylamide is estimated to boost the polyacrylamide market.
Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=510892
Report Price: $ 5900 (Single User License)
Polyacrylamides Market Segment Analysis – By Form
Powder polyacrylamide held the largest share of the global polyacrylamide market in 2020. Powder polyacrylamide is an extremely water-soluble high polymer categorized into anionic, cationic, and non-ionic. Polyacrylamide powder is widely used in agricultural fields as a soil conditioner to purify water. Due to its absorption and highly water-soluble property, it is used in papermaking and environment protection fields which is increasing the market size.
Polyacrylamides Market Segment Analysis – By End-Use Industry
Water treatment dominated the global polyacrylamide market in 2020 and growing at a CAGR of 6.9% in 2021-2026. Polyacrylamide or polyolefin is used for sewage treatment as a solid/liquid separator in municipal water treatment. Also, it containes a low level of oil thus it is used as a flocculants or coagulants in water treatment and sludge dewatering. Hence, increasing investment for sewage treatment is estimated to increase demand for polyacrylamide. According to the Environment Protection Agency of America, the Nation’s wastewater footprint includes over 800,000 miles of public sewers and 500,000 miles of private lateral sewers in the region. In 2019, the annual water infrastructure capital investment was US$ 81 billion. Additionally, according to the Investments in Medical and Health Research and Development in America, the total U.S. investment in medical and health research and development grew by 6.4% from 2017 to $194.2 billion in 2018. Thus, the investment in the pharmaceutical sector increasing the demand for wastewater treatment processes in the healthcare sector which, in turn, increasing demand for the polyacrylamide market.
Polyacrylamides Market Segment Analysis – By Geography
Asia Pacific dominated the global polyacrylamides market with 30% share in 2020 due to increasing construction activities in Asian countries such as Indian, China, and others. Also, increasing demand for polyacrylamide to enhance the oil recovery from the oil & gas industry. Polyacrylamide is used as a flocculants or coagulants in industrial and municipal wastewater treatment, as a viscosity modifier in mining, as a drag reducer in other industries. Hence, increasing development activities in the Asia Pacific region is estimated to grow the market size. Apart from this, according to the Oil & Natural Gas Corporation (ONGC), in India, crude oil production was 1788.92 TMT in 2020 which is 1.24% higher than in 2019. Additionally, according to the India Brand Equity Foundation (IBEF), oil production is expected to rise 36 billion cubic meters (bcm) in 2021. Apart from this, China’s 13th Five-Year Plan (2016-2020), China invested $80.7 billion in its municipal wastewater treatment systems, including sewage pipeline construction and maintenance for better water treatment facilities, rainwater-sewage diversion systems, sludge mitigation, reclaimed water, and initial rainfall treatment. Also, as per China’s 14th Five-Year Plan (2020-2025) plan to invest an additional $18.5 billion in rural areas’ wastewater treatment systems. Hence, such factors are estimated to grow the market size during the forecast era.
Polyacrylamides Market Drivers
Growing Demand from Oil & Gas Industry
Polyacrylamide is a polyolefin that is used for is oil & gas extraction and exploration and enhanced oil recovery. When water is injected into the well, polyacrylamide assists in pushing oil locked in reservoirs towards the pump by increasing the viscosity of that water. Thus, the increasing oil & gas industry is estimated to grow the demand for polyacrylamide. According to the India Brand Equity Foundation (IBEF), the oil and gas industry is expected to attract US$ 25 billion investments in exploration and production by 2022. Additionally, according to U.S. Energy Information Administration (EIA)” In 2020, Unites states natural gas production was about 34.4 trillion cubic feet (Tcf). According to the US Energy Information of America, global petroleum and liquid fuel demand is expected to grow by 1.7 million b/d in 2021. Furthermore, according to the International Monetary Fund (IMF), the crude oil production in United Arabia Emitted was 2.78 million barrels per day and is expected to grow 2.85 million barrels per day in 2021 and 2.95 million barrels per day in 2022. Therefore, the total natural gas production is projected to contribute 30% and more than 75% in Canada & Mexico, respectively by 2040 by Energy Shale Gas Production. Hence, such factors are expected to grow the market size.
Increasing Consumption of Anionic Polyacrylamide
Anionic is a liner water-soluble polyacrylamide which is used as a soil conditioner on farmland and construction sites for erosion control. Anionic polyacrylamide is used to reduce sediment and nutrient loads to natural lakes and ponds. Thus, widely useful for wastewater treatment and drinking water treatment. Therefore, industrial effluents such as tanneries, metal finishing, and others are required anionic treatment. Furthermore, anionic polyacrylamide can be used as a cytoplasm additive and flocculants or coagulants in the paper industry with better retention and drainage effect, in the petroleum industry as oilfield mud additives, and in the coal industry as a coal-washing additive. Hence, increasing demand for anionic polyacrylamide is estimated to grow the market size soon.
Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=510892
Polyacrylamides Market Challenges
Volatility in Raw Material Prices
Prices of polyacrylamide rely directly on the cost of the raw materials, including acrylic acid and acrylonitrile, derived from crude oil. Additionally, according to the U.S. Energy Information Administration (EIA), crude oil prices decreased by US$ 41.69 per barrel in 2020 compared to US$ 64.34 per barrel in 2019. According to BP static, oil prices declined in 2019 as compared with US$71.31/bbl in 2018. Thus, the fluctuation of crude oil prices may hamper the market growth.
Polyacrylamides Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the polyacrylamides market. Major players in the Polyacrylamides Market are:
Acquisitions/Technology Launches
Direct Purchase @ https://www.industryarc.com/purchasereport.php?id=510892
Key Takeaways
Relevant Reports
Oilfield Surfactants Market – Forecast(2021 – 2026)
Report Code: CMR 0021
Aerial Imaging Market – Forecast(2021 – 2026)
Report Code: ITR 0069
For more Chemicals and Materials Market reports, please click here
For exclusive content regarding the latest trends in the world of Press Release distribution.
