The Polyacrylamide Market is increasing rapidly in Europe owing to its rising demand for water treatment applications and extensive usage in petroleum based applications.
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Thriving industrial sector in Europe utilizes water for various applications and rising water treatment activities in the region will surge product demand in the near future. Moreover, stringent directive and protocols by the regional government allied to water reuse and treatment will promote the polyacrylamide market size in Europe. Polyacrylamide possesses high thermal stability, miscibility, water solubility and non-toxicity that makes it an active coagulant and flocculant which finds wide application in separation of suspended solid particles from industrial or municipal wastewater. Furthermore, polyacrylamide offer high viscosity which enhances its usage in oil recovery and oil treatment from reservoirs in the petroleum industry. In addition to this, polyacrylamide is widely used for fracturing fluids and drilling mud additives in oilfields, which will propel its demand in the region during the anticipated timeframe.
The European polyacrylamide market has been segmented on the bases of product, application, and region. The different types of products are non-ionic, cationic, anionic and others, which mainly includes homopolymers, copolymers, etc. Here, anionic polyacrylamide acquires a reasonably higher share in comparison to others due to its high usage in water treatment applications. Based on application, the product finds application in water treatment, petroleum based applications, paper production and others, which includes its use as a chemical in bio-medical applications. Water treatment application significantly has higher share in the European polyacrylamide market in comparison to petroleum, paper making and other applications. This is mainly due to growing water usage in various sectors and strict directives for its water recycle and reuse in the region will boost the product market growth in the region.
Some of the key participants in the European market are BASF SE, Kemira, PetroChina Co. ltd., Mitsubishi Rayon Co Ltd., and many more.