polyacrylamide market worth 3.85 billion usd by 2021 oil

polyacrylamide market worth 3.85 billion usd by 2021 oil
Tags: , , , , , , ,
  • How big is the polyacrylamide market?
  • The polyacrylamide market is estimated to reach USD 3.85 Billion by 2021, at a CAGR of 6.8% from 2016 to 2021. The rapid industrialization and growing oil & gas industry in Asia-Pacific and the rising demand for polyacrylamide for enhanced oil recovery are the major factors expected to drive the growth of the polyacrylamide market.
  • What is the demand for polyacrylamide?
  • This demand is mainly driven by its use in the enhanced oil recovery industry in China, Japan, and India. North America was the second-largest market of polyacrylamide in 2015, due its increasing demand in water treatment in the region.
  • Who are the leading companies in the polyacrylamide market?
  • SNF Floerger Group (France), Kemira Oyj (Finland), BASF SE (Germany), China National Petroleum Corporation (China), and Anhui Jucheng Fine Chemicals (China) are the leading companies in the polyacrylamide market. These companies are expected to account for a significant market share in the near future.
  • What is the future of polyacrylamide market from anionic Pam?
  • Besides, the fluctuating prices of raw materials and the volatility in crude oil costs will further decelerate business development. Polyacrylamide market from anionic is slated to cross USD 5 Billion by 2032. Anionic PAM can boost the settling mechanism of inorganic suspended solids in effluent water.