Shale inhibitors have emerged as a lucrative application area for the polyamines market. Their soaring popularity has been observed owing to their applications in the oil & gas industry. Based on this trend, market players are leveraging their footprints by providing polyamines for utilization in the oil & gas industry.
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This increase in demand of polyamines in shale inhibitor applications has revived the polyamines market, driving growth in the mid-term forecast. However, long-term factors such as growth in water treatment chemicals industry and oil-well explorations are set to provide further impetus to the demand for polyamines.
Global Polyamines Market End-Use Industry Insights
Polyamines are being primarily consumed in the water treatment industry (55% of total market). This is followed by the paper & pulp industry, where polyamines are used to coagulate the pulp and remove color from paper mill waste effluents. Aforementioned factors with regard to polyamines applications in paper & pulp industry are set to provide a boost to the polyamines market. Oil & gas is the most lucrative end-use, owing to the extensive polyamine application as a shale inhibitor which is set to boost demand in the long-run.
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Global Polyamines Market Regional Insights
North America accounted for the largest market share in 2019. This trend is anticipated to continue throughout the forecast period. Currently, North America accounts for more than one fourth of the polyamines demand. Consumption of polyamines in North America is mainly backed by increasing demand from oil & gas industry for shale inhibitor and coagulant applications.
The polyamines market was the fastest growing in North America during the historical period. This is attributed to the increasing consumption of polyamines in shale inhibitor applications. However, the COVID-19 pandemic has contracted demand, thus affecting the production of polyamines. This trend is anticipated to continue for more than 15 months. By the 4th quarter of 2024, the market is set to recover its pace. The market will gain momentum once the manufacturing sites and oil & gas industry operates at maximum capacity.
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The Polyamines market report answers important questions which include:
- What does the status of the Polyamines market look like after the forecast period?
- Which region has the highest contribution to the global Polyamines market and why?
- Which players remain at the top of the global Polyamines market?
- What opportunities are available for the Polyamines market players to expand their production footprint?
- Which segment has the maximum impact on the global Polyamines market?
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