Asia Pacific Polyacrylamide Market Size 2020 Analysis by Product, Application, Regions and Forecast 2024
Category: #business  By Ronak Bora  Date: 2021-05-04
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Asia Pacific Polyacrylamide Market Size 2020 Analysis by Product, Application, Regions and Forecast 2024

The Asia Pacific polyacrylamide market size is anticipated to surpass USD 5 billion by 2024. Rising population in the Asia Pacific and rapid urbanization are slated to propel Asia Pacific polyacrylamide industry growth through the coming years. The natural resources comprising freshwater reserves are the major reason for the escalation of water treatment facilities across the APAC.

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In addition, strict government regulations associated with the disposal of wastewater into natural water bodies will result in surging utilization of water treatment plants. Key countries in the region such as India, Thailand, Philippines, Indonesia, and China have escalated standards and imposed rules for the disposal of wastewater from industries as well as the household. These factors are set to drive industry demand through the projected period.

On the basis of product, the industry is segmented into anionic (APAM), cationic (CPAM), and non-ionic (NPAM) polyacrylamide. Of these, the anionic product segment accounted for a substantial value of the overall industry share. This is on account of extensive anionic polyacrylamide applications across industries comprising oil recovery, paper manufacturing, and water treatment.

Prominent players in the Asia Pacific polyacrylamide industry comprise Beijing Hengju Chemical Group, Anhui Jucheng Fine Chemicals Co., Jiangsu Feymer Technology Co., Anhui Tianrun Chemicals Co., ZL Petrochemicals Co., PetroChina Daqing Refining & Chemical Company, and others.

Few major trends impacting Asia Pacific polyacrylamide market growth are as follows:

Rising product deployment in paper making

The paper making application is set to account for 15% of the total Asia Pacific polyacrylamide market revenue through 2024. This growth is attributed to various polyacrylamide uses, comprising as a drainage and retention agent, in the sector of paper manufacturing.

The product can also be utilized as a dispersing agent for slowing down the process of flocculation, which considerably enhances the rate of paper formation.

Increasing demand for cationic (CPAM) polyacrylamide

The cationic (CPAM) segment is expected to record a substantial CAGR of 10% over the analysis period. This is due to the surging polyacrylamide applications across oil & gas, industrial wastewater treatment, and sludge dewatering industries.

Cationic polyacrylamide has a major characteristic of high rate of dehydration. This attribute can help in enhancing the quality of wastewater in industries comprising sugar, dyeing, and tanneries.

Increasing oil & gas exploration activities

The petroleum segment in the Asia Pacific polyacrylamide industry is poised to depict remarkable growth due to an upsurge in oil & gas drilling and exploration activities.

The rising consumption of oil and natural gas for the applications of energy generation across numerous end-user industries such as household, automotive, and power is expected to augment market size over the assessment period.

Consistent product deployment in water treatment

Major polyacrylamide properties including better thermal stability, high miscibility, and high water solubility have led to its extensive utilization as flocculant and coagulant in the water treatment industry. Coagulants are used in major countries comprising India, Japan, Indonesia, and China for industrial water treatment applications.

The rising concerns associated with the disposal of wastewater and surging government expenditure for the improvement of infrastructure for wastewater treatment facilities are expected to enhance the consumption of coagulants over the coming years.

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In a nutshell, increasing awareness regarding the conservation of natural water bodies is likely to spike the number of water treatment plants, stimulating Asia Pacific polyacrylamide market size through the projected span.

Browse Related Report:

Europe Polyacrylamide Market Size By Product (Non-ionic, Cationic, Anionic), By Application (Water Treatment, Petroleum, Paper Making), Industry Analysis Report, Regional Outlook (Germany, UK, France, Spain, Italy), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2024

https://www.graphicalresearch.com/industry-insights/1220/europe-polyacrylamide-market

North America Polyacrylamide Market Size By Application (Water Treatment, Petroleum, Paper Making), By Product (Non-ionic, Cationic, Anionic), Industry Analysis Report, Regional Outlook (U.S., Canada), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2024

https://www.graphicalresearch.com/industry-insights/1221/north-america-polyacrylamide-market

Table of Contents (ToC) of the report:

Chapter 1.   Methodology & Scope

  • Market scope & definitions
  • Assumptions
  • Research methodology

Chapter 2.  Executive Summary

Chapter 3.  Industry Insights

  • Industry segmentation
  • Industry ecosystem analysis
  • Industry impact forces
    • Growth drivers
    • Growth restraints
  • Regulatory overview
  • Porter’s analysis
  • PESTEL analysis
  • Competitive landscape, 2018

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1218/asia-pacific-polyacrylamide-market

About Graphical Research:                              

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

 

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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