Global Polyacrylamide Market 2017-2021
Polyacrylamide is an acrylic resin compound that is soluble in water. It is generally produced by the polymerization of acrylamide monomer subunits. Acrylamide is an odorless and colorless, water-soluble chemical compound. It is produced by the hydration of acrylonitrile and is commonly used in the synthesis of polyacrylamide polymers. Generally, acrylamide polymer is non-hazardous, but its monomer can affect the respiratory and nervous systems. Acrylamide is classified as a probable human carcinogen by the International Agency for Research on Cancer (IARC) and Environmental Protection Agency (EPA).
Technavio’s analysts forecast the global polyacrylamide market to grow at a CAGR of 6.83% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global polyacrylamide market for 2017-2021. To calculate the market size, the report considers the revenue generated through the sales of polyacrylamide products for application in the water treatment, petroleum, papermaking, and other industries.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Polyacrylamide Market 2017-2021
Technavio recognizes the following companies as the key players in the global polyacrylamide market: Anhui Jucheng Fine Chemicals, BASF, Kemira, Shandong Shuiheng Chemical, and SNF.
Other Prominent Vendors in the market are: Anhui Tianrun Chemicals, Shandong Polymer, Bio-chemicals, Sigma-Aldrich, Xitao Polymer, Zibo East Polymer, and ZL Petrochemicals.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is development of bio-based acrylamide. Vendors in the market are focusing on the development of bio-based acrylamide products to comply better with stringent environment regulations. In April 2016, BASF opened a new bio-acrylamide production facility in Bradford, UK. The company currently uses this acrylamide to produce polyacrylamide. BASF uses enzymatic manufacturing process, which gives high-quality bio-acrylamide products. This bio-acrylamide production process is also highly efficient because it consumes less energy and produces lower amounts of waste than traditional methods of production.”
According to the report, one driver in market is increasing demand for EOR technology in oil and gas industry. Polymer-enhanced oil recovery techniques are used to trap the free oil present in the reservoir. Long chain molecules of polymer compounds, mainly polyacrylamide, are injected into the reservoir along with water. This increases the viscosity of the water and improves the water-oil movement by expanding the volume of the displaced liquid, thus enhancing oil recovery. Polymer flooding can increase oil recovery by 5%-30% and is a highly cost-effective technique when compared with the other EOR techniques. As the use of this technique continues to gain preference in the oil and gas industry, the demand for polyacrylamides will grow over the new five years.
Further, the report states that one challenge in market is harmful impact of acrylamide on health and environment. Polyacrylamides are acrylic polymers produced by the polymerization of acrylamide monomer subunits. Although there is no evidence of polyacrylamide itself causing adverse health effects, acrylamides, which are used as building blocks in the making of polyacrylamide polymers, have been under scientific scrutiny. Prolonged exposure to acrylamide, in the form of dermal contact or dust inhalation, has been linked to redness and irritation of the skin and peripheral neuropathy. People involved in the manufacture of polyacrylamides are at risk of exposure to acrylamide at their workplaces. Laboratory studies on animals also show evidence of tumorous growth, depending on acrylamide dosage. However, there is no conclusive evidence of similar effects on human health.
Anhui Jucheng Fine Chemicals, BASF, Kemira, Shandong Shuiheng Chemical, SNF, Anhui Tianrun Chemicals, Shandong Polymer, Bio-chemicals, Sigma-Aldrich, Xitao Polymer, Zibo East Polymer, ZL Petrochemicals.
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