Who are the leading companies in the polyacrylamide market?

SNF Floerger Group (France), Kemira Oyj (Finland), BASF SE (Germany), China National Petroleum Corporation (China), and Anhui Jucheng Fine Chemicals (China) are the leading companies in the polyacrylamide market. These companies are expected to account for a significant market share in the near future.

What are the key growth strategies in the polyacrylamide market?

Companies such as, BASF SE (Germany), Kemira OYJ (Finland), and SNF Floerger Group (France) adopted agreements, expansions, and new product launches as their key growth strategies in the polyacrylamide market.

What is the demand for polyacrylamide?

This demand is mainly driven by its use in the enhanced oil recovery industry in China, Japan, and India. North America was the second-largest market of polyacrylamide in 2015, due its increasing demand in water treatment in the region.

Who makes polyacrylamide?

Kemira OYJ (Finland) is another major player in the polyacrylamide market. Kemira signed a licensing agreement with Mitsui Chemicals, Inc. for acrylamide manufacturing technology, and completed a substantial capacity expansion for three sites in North America, thereby increasing its total manufacturing capacity by 60%.

Does SNF FLOERGER manufacture polyacrylamide based polymers & acrylamide monomers?

For instance, SNF Floerger Group installed 60,000 metric tons (MT) of polyacrylamide-based polymers and acrylamide monomers capacity at its Plaquemine, Louisiana site before the end of 2014. This expansion helped the company to create the second production site for polyacrylamide-based polymers and acrylamide monomers in the U.S.

How big is the polyacrylamide market?

The polyacrylamide market is estimated to reach USD 3.85 Billion by 2021, at a CAGR of 6.8% from 2016 to 2021. The rapid industrialization and growing oil & gas industry in Asia-Pacific and the rising demand for polyacrylamide for enhanced oil recovery are the major factors expected to drive the growth of the polyacrylamide market.