DUBLIN, Jan. 18, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Polyacrylamide Market 2017-2021" report to their offering.
The global polyacrylamide market to grow at a CAGR of 6.83% during the period 2017-2021.
Global Polyacrylamide Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. To calculate the market size, the report considers the revenue generated through the sales of polyacrylamide products for application in the water treatment, petroleum, paper-making, and other industries.
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.
- Anhui Jucheng Fine Chemicals
- Shandong Shuiheng Chemical
Other Prominent Vendors:
- Anhui Tianrun Chemicals
- Shandong Polymer
- Xitao Polymer
- Zibo East Polymer
- ZL Petrochemicals
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product type
Part 07: Market segmentation by application
Part 08: Geographical segmentation
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Key vendor analysis
Part 16: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/3cclkj/global
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SOURCE Research and Markets