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The global polyacrylamide market is anticipated to grow at a steady rate and will post a CAGR of close to 7% during the forecast period. The increasing demand for the enhanced oil recovery (EOR) technology in oil and gas industry will drive the growth prospects for the global polyacrylamide market in the forthcoming years. With the increasing number of depleting oil reserves, the oil and gas industry is relying on advanced techniques to increase the output of available oil wells and fields as well as newer ones. In EOR, techniques such as thermal, chemical, gas, and polymer are used to increase the production of crude oil that are useful in oil fields with poor permeability and irregular fault lines. Moreover, polymer EOR techniques are used to trap the free oil present in the reservoir. For instance, long chain molecules of polymer compounds such as polyacrylamide are injected into the reservoir along with water, which increases the viscosity of the water, improves the water-oil movement by expanding the volume of the displaced liquid and enhances the oil recovery.
In terms of geography, APAC accounted for the maximum market share in 2016 and will continue to dominate the market for the next few years. One of the major factors responsible for the increasing market share in the region is the improving economic conditions and rising industrialization in the countries of the region. Also, according to the market research analysis, the increasing oil and gas production will propel the growth of the market for the next few years. Furthermore, according to the market research information, the growing mining and mineral processing activities in the region is another driving factor for the growth of the polyacrylamide market.
The global polyacrylamide market is highly diversified and competitive due to the presence of a limited number of regional and international vendors across the globe. Also, the competitive environment of the market will strengthen since it witnesses low product differentiation. Furthermore, these vendors are increasingly trying to bring in innovative and environment-friendly products to appeal to the growing customer base.
Key vendors in this market are -
Other prominent vendors in the market include Anhui Tianrun Chemicals, Shandong Polymer, Bio-chemicals, Sigma-Aldrich, Xitao Polymer, Zibo East Polymer, and ZL Petrochemicals.
The anionic segment accounted for the maximum market share in 2016 and will continue to dominate the market in the coming years. Some of the major factors responsible for the increasing market share of the segment includes its increasing use for industrial and municipal sewage wastewater treatment and oil and gas production. Furthermore, anionic polyacrylamides are also used in soil conservation and the reduction of erosion.
The water treatment segment accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. Some of the major factors responsible for the market segment’s growth is the strict government regulations and increasing environmental concern related to the treatment of wastewater.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product type
PART 07: Market segmentation by application
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
PART 17: Explore Technavio
Tags: sodium bicarbonate, potassium chloride, additive, soluble fiber, chemicals and materials market share, plastics, polymers, and elastomers market trends,
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