Polyacrylamide Copolymer Market Overview | Growth, Industry Analysis, Share, Trend, Top Key Players and Forecast by 2027
India Polyacrylamide Copolymer – Market
Insights
Recently,
Market Research Future, a firm which specializes in providing research reports
on various domains released a report on this market. According to it, this
market will experience significant growth in the forthcoming years. The CAGR
for the projection span of 2017-2021 is estimated to be 9.3%. The probable
revenue return figures also look good and promise a great future ahead from a
fiscal point of view.
As
already mentioned, polyacrylamide
copolymer Market Overview can
facilitate wastewater management in an efficient manner. This substance
possesses ionic properties, hence it has the ability to act like a flocculating
and coagulating agent. It is effectively employed for sewage treatment as it
can segregate solid and liquid. At present, the awareness regarding
environmental conservation is widespread in India and this fact plays a pivotal
role in driving the growth of the India polyacrylamide copolymer market.
Some
other factors that further propel the already growing India polyacrylamide
market are the rapid development in the petroleum industry, shifting lifestyle
patterns of individuals, increased demand for comfort food items, augmented
need for pure drinkable water and lastly the speedy development in shale and
gas production.
Apart
from these aspects, additional factors that positively influence the market’s
expansion are higher investments to procure exceptional resources by major
players, expansion and development of the mining business.
However,
the market will have to overcome certain restraints like negative health
effects of this compound. Efforts are being undertaken to resolve this issue
and soon enough the India polyacrylamide copolymer market will cope with such
small issues.
Market Segmentation
The
research report published by Market Research Future on ‘India Polyacrylamide
Copolymer Market’ has dedicated a distinct section to provide a comprehensive
segmental analysis of this market. Here are some of the most important insights
of the same.
By
application – Oil & gas, waste water treatment and paper making. Wastewater
treatment segment governs the market and grabs the largest chunk of the market
share. The main reason for this has been identified as the numerous initiatives
implemented by the government in order to protect the leftover natural water
resources of India. The oil & gas segment accounts for the second largest
share of the market and is expected to grow at a steady pace during the
forecast period.
By
type – Cationic, amphoteric and anionic.
Comprehensive Regional Analysis
India
polyacrylamide market overview is the most prominent in Southern-India.
According to the research report by Market Research Future, South-India holds
the maximum number of market shares. West-India is anticipated to be the
fastest growing area during the forthcoming forecast span. And lastly,
North-India is also expected to witness a considerable amount of development in
the coming years.
Industry News
October
27, 2017 – BASF an Indian company announced last year in the month of October
that it will be building a biocatalysed acrylamide plant in Nanjing Chemical
Industrial Park, China. With this new plant, this company aims to enhance the
supply of cost-effective acrylamide across the Asia Pacific region.
Market
Players & Key Strategies
Some
of the most well-known brands in this industry can be listed down as Dow Chemical’s
Corporation, BASF, Sanyo Chemicals, Nippon Shokubai, Lg Chemicals and Sumitomo
Seika.
To
make sure that they stay ahead of the competitors these brands employ various
growth strategies like an expansion of business, acquisitions and strategic partnerships
with other firms.
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