GLOBAL POLYACRYLAMIDE MARKET
TO REACH VALUE OF US$ 8,571.9 MN
Key Highlights of Global Polyacrylamide Market
The global Polyacrylamide market was valued at US$ 4,976.2 Mn in 2018 and
is anticipated to expand at a CAGR of 6.2% during the forecast period
Polyacrylamide are used for various applications based upon the type of product
and form of polyacrylamide product available.
Low price and high demand for anionic polyacrylamide in water treatment and
food recycling applications is projected to boost the segment share across the
globe. Non-ionic polyacrylamide is primarily used in the mining industry.
Key Drivers of Global Polyacrylamide Market
A significant rise in the demand for energy has boosted the exploration,
production, and recovery of oil and petroleum on a large scale.
Asia Pacific is witnessing high demand for oil due to rising consumption in
countries such as China, India, Japan, South Korea, and Indonesia. Increasing
demand has put pressure on these countries to meet the high demand in the
near future. This has led to a need to increase exploration activities in the region,
which is expected to drive the polyacrylamide market during the forecast period.
Polyacrylamide is extensively employed in the oil industry to enhance oil recovery
and is prominently utilized as a drilling and fracturing fluid. The petroleum
application segment is anticipated to expand due to the wide range of application
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Expansion & Diversification can Provide Immense Growth Opportunities
for Global Polyacrylamide Manufacturers
Manufacturers of polyacrylamide strive to focus on widening their distribution
channels to penetrate the market, considering the intense rivalry. Companies are
expected to strengthen their sales force in China, India, ASEAN, and the U.S.
due to the considerable expansion of the waste water treatment and oil & gas
industries in thes