The key factor fueling the growth of the Asia Pacific polyacrylamide industry is rising wastewater treatment plants in the region.
The product is widely used as the coagulant and flocculant in the water treatment industry due to its key characteristics such as high miscibility, better thermal stability, high water solubility, etc. Major countries including Japan, China, Indonesia and India are utilizing coagulants for the industrial water treatment applications. Increasing government expenditure to improve infrastructure for the wastewater treatment facilities along with rising concerns related to industrial wastewater disposal in the region is likely to increase the consumption of coagulants, which will further enhance the product demand in the region.
Asia Pacific polyacrylamide market has been segregated based on product, application and region. Major categories of the product include cationic (CPAM), anionic (APAM) and non-ionic (NPAM) polyacrylamide. Anionic product acquired a significant share in the Asia Pacific polyacrylamide market. This is due to its wide usage in the industries such as paper manufacturing, oil recovery and water treatment. According to applications, the industry is segregated into three categories which includes petroleum, paper making and water treatment. Water treatment segment accounted for around 40% share of the Asia Pacific polyacrylamide market in the study period. Petroleum segment is likely to have a significant growth rate owing to increasing oil & gas drilling and exploration activities. Increasing consumption of natural gas and oil for the applications of energy generation in various end-user industries such as automotive, household, power, etc. is likely to boost the product demand in the region.
Some of the major players in the Asia Pacific polyacrylamide market are Anhui Jucheng Fine Chemicals Co., Anhui Tianrun Chemicals Co., PetroChina Daqing Refining & Chemical Company, Beijing Hengju Chemical Group, Jiangsu Feymer Technology Co., ZL Petrochemicals Co., Yixing Bluwat Chemicals Co. and many more.