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Europe Polyacrylamide Market Valuation to Cover $2.4bn by 2024
Published Date: 2019-07-26
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According to the Graphical Research new growth forecast report titled Europe Polyacrylamide Market By Product (Non-ionic, Cationic, Anionic), By Application (Water Treatment, Petroleum, Paper Making), Industry Analysis Report, Regional Outlook (Germany, UK, France, Spain, Italy), estimated to surpass USD 2.4 billion by 2024.
Increasing depletion of groundwater reserves and rising concerns on untreated industrial wastewater discharge into environment over the recent years has projected the demand for product for various applications in water-treatment sector in Europe. Beside this, the product usages in the manufacturing of pulp and paper will boost product demand in Europe for various end-use applications. Polyacrylamide as a flocculant or coagulant is used widely for treating wastewater as it allows particles to precipitate, which allows easy separation of particles from wastewater. Furthermore, strict environment directives which compel industries and municipalities to treat wastewater before discharging in order to prevent its harmful implications on environment and human life, which will drive the demand for product in Europe during projected timeframe. Moreover, development of bio-based polyacrylamide will further expand the product market in Europe during the coming years.
Based on product segment of Europe polyacrylamide market, cationic polyacrylamide is likely to occupy a fair share of over 30% by volume and revenue in 2018 and is estimated to growth with highest CAGR of more than 7% during the anticipated period. Beside this, anionic polyacrylamide holds the highest share in this region owing to its wide usage in industrial applications. Whereas, non-ionic and other polyacrylamide also show a fair growth in their usage for various applications during the forecast timeframe.
On the basis of application, close to 40% polyacrylamide is mainly used for water treatment sector in Europe market on the basis of application. Beside this, the product usage in oil refining from petroleum products has increased over the recent years and is estimated to growth with maximum CAGR of more than 7.5% during the anticipated period. Moreover, the usage of product in paper making, other applications is also likely gain momentum in the European market over the coming years.
Key industry participants in Europe are includes BASF SE, PetroChina Company. ltd., Kemira, Mitsubishi Rayon Company Ltd., etc.
Europe polyacrylamide market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:
Segments Covered in this Report:
Europe Polyacrylamide Market Size, By Product
- Non-ionic (NPAM)
- Cationic (CPAM)
- Anionic (APAM)
- Others (Homopolymers, copolymers, etc.)
Europe Polyacrylamide Market Value, By Application
- Water Treatment
- Paper Making
- Others (Chemical, Bio-Medical, etc.)
The above information is provided on a country basis for the following: