SAN FRANCISCO, July 14, 2016 /PRNewswire/ --
The global polyacrylamide market is expected to reach USD 8.61 billion by 2024, according to a new report by Grand View Research, Inc. Increasing demand for the product in water treatment application is expected to be a key factor driving the industry growth. Increasing population and uncertain rainfall patterns in Asia Pacific is expected to drive demand for water treatment chemicals, which is likely to open new avenues for the industry over the next eight years.
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Growing application scope of the product in oil & gas industry to enhance the oil recovery is expected to propel demand over the projected period. Polyacrylamide is used as a reinforcing agent in papermaking industry which works as both, dry strengthening agent and wet strengthening agent. In addition, rising demand for the product in the cosmetics industry as stabilizers, foam builders, binders, film formers, antistatic agents and hair fixatives is likely to propel demand.
Polyacrylamide market is characterized by backward integration by polyacrylamide manufacturers to maximize profit margins. The manufacturers are likely to face challenges owing to the environmental issues related to the product and high raw materials prices. The productis highly volatile in nature, which is a key concern for manufacturers, which is expected to lower the production volumes. However, increasing end-use demand from mining and paper making industry is expected to drive demand for the product over the projected period.
Browse full research report with TOC on "Polyacrylamide Market Analysis By Product (Anionic, Cationic, Non-ionic), By Application (Water Treatment, Oil & Gas, Paper Making) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/polyacrylamide-market
Further key findings from the report suggest:
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Grand View Research has segmented the global polyacrylamide market on the basis of product, application and region:
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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