Polyacrylamide: Description
- Polyacrylamide (PAM) is a synthetic resin prepared by polymerizing acrylamide. It is a white, solid, water-soluble polymer of acrylamide, mostly used as a flocculant, coagulant, and filtration aid in a whole range of applications that are determined by its physical form and its ionic type (nonionic, anionic, cationic, and Mannich).
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- It is utilized in secondary oil recovery, as a thickening agent, a flocculant, and an absorbent. Moreover, polyacrylamide is also employed to separate macromolecules of different molecular weights.
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What are Key Growth Drivers of Global Polyacrylamide Market?
- The expanding global water and waste water treatment market is rapidly driving the global polyacrylamide market. Awareness regarding water and waste water treatment is rising. Regions such as Asia Pacific and Middle East & Africa are majorly focusing on waste water treatment due to the rising population in these regions.
- The growth opportunities of the market are associated with the increasing demand for water desalination units and brackish water treatment.
- Polluted water resources is a major concern that is being addressed by the government and environmental bodies. Treatment and protection of water & sewage is closely linked to the preservation of the environment and has received more attention from regulatory bodies. Thus, expanding use of polyacrylamide as a flocculants in waste water treatment is subjected to provide immense growth in the forecast period.
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What are Key Challenges for Global Polyacrylamide Market?
- The polyacrylamide market is characterized by backward integration by polyacrylamide manufacturers to maximize profit margins. Manufacturers are likely to face challenges due to the environmental issues related to polyacrylamide and high raw materials prices. The price of polyacrylamide depends on its ionic type and content, as well as its physical form. Generally, the higher the anionic content of polyacrylamide, the more expensive it is.
- Polyacrylamide is highly volatile in nature, which is a key concern for manufacturers, which in turn is expected to lower the production volumes. However, increasing end-use demand from mining and paper making industries is projected to drive the demand for polyacrylamide during the forecast period.
Lucrative Opportunities for Players in Global Polyacrylamide Market
- Shale gas exploration is projected to present opportunities for the expansion of the polyacrylamide market across the globe.
- Polyacrylamide is extensively utilized in the oil & gas industry to enhance oil recovery. The product has been used for polymer flooding in the oil & gas industry. The phenomenal progress of shale gas and wet shale gas production is anticipated to have a positive impact on the overall market.
- Polyacrylamide is extensively employed in the oil and gas sector, as it improves oil recovery by reducing friction. Prevailing shale oil & gas resources in the U.S. have increased the demand for polyacrylamide for drilling activities.
- According to estimates, the North America polyacrylamide market is anticipated to double its market value from US$ 1.5 Bn to US$ 2.5 Bn by 2027.
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