North America Polyacrylamide Market to worth $1.5bn by 2024

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According to the Graphical Research new growth forecast report titled North America Polyacrylamide Market By Application (Water Treatment, Petroleum, Paper Making), By Product (Non-ionic, Cationic, Anionic), Industry Analysis Report, Regional Outlook (U.S., Canada) to collect USD 1.5 billion by 2024.

Developments in the oil & gas sector will be a significant growth driver in the North America polyacrylamide market. The major areas of application are enhanced oil recovery, drilling fluid additives, oil sand flocculants, fracturing fluid additive, etc. Its high molecular weight and excellent friction reduction makes it appropriate to be used in this industry. It is suitable to be used in applications with high temperature and diverse Ph and salinity levels. The U.S. produced about 570 MMT of oil and 730 billion cubic meters of natural gas in 2017. Also, the U.S. is the largest consumer of oil & gas which accounted for nearly 900 MMT of oil and 27 trillion cubic feet of natural gas in 2017. Such rising oil & gas production coupled with rising demand for fuel would lead to increased use of polyacrylamide in the future.

Cationic product segment occupied the second largest share in the North America polyacrylamide market in 2018 due to its strong absorption capability. They are mainly used as filtration agent, for breaking an emulsion, and sludge dewatering. It is used in wastewater treatment plants as a coagulant which neutralizes negative colloidal particles to promote sedimentation and reduce the volume of sludge. Increasing population and scarce water sources will result in rising demand for wastewater treatment plants which would in turn boost the North America polyacrylamide market in the future.

Paper making applications segment is likely to hold a share of about 21% in the North America polyacrylamide market due to extensive product usage in this industry to improve dewatering and retention. The product is used as a drainage aid to tackle with the issue of slow drainage of fiber furnishes comprising of pulps. Rising paper recycling activities would increase the demand in the North America polyacrylamide market.

Key participants in the North America polyacrylamide market includes Ashland Inc., SNF Group, BASF SE, Solenis, Kemira Oyj, etc.

North America 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:

North America Polyacrylamide Market Share, By Product

  • Non-ionic
  • Cationic
  • Anionic
  • Others

North America Polyacrylamide Market Value, By Application

  • Water treatment
  • Petroleum
  • Paper making
  • Others

The above information is provided on a country basis for the following:

  • North America
    • US
    • Canada