Water Soluble Polymer Market Analysis

Water Soluble Polymer Market Analysis

The polyacrylamide & copolymers segment accounted for a revenue of over USD 5 billion in 2016 and the segment is likely to exhibit promising gains over the forecast timeframe due to prevalence of stringent government regulations to reduce the release of harmful agents into the environment. This has been extensively used as an effective coagulant and flocculant, owing to its properties such as good thermal stability, high miscibility, solubility, and nontoxic nature, and so forth for separating all kinds of suspended solid particles present in industrial liquid effluents.

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Water treatment segment lead the application base in 2016 and accounted for approximately 25% of the total business share. Increasing demand for effluent treatment is majorly driving the growth of this segment. Rising effluent generation from the manufacturing companies is creating a huge demand for water treatment processes, which in turn is accelerating the water soluble polymer market segment. Over the future years, the demand for potable water is going to rise and drive towards growth over the forecast period.

Asia Pacific held a major share of 30% in 2016. Increasing industrialization, coupled with the favorable industrial regulations in developing economies of this region are creating an enormous growth avenue for manufacturing companies, which is leading to massive wastewater generation. The stringent regulations regarding industrial effluents disposal are creating a high demand for wastewater treatment processes, thereby driving the water soluble polymer market size by 2024.

North America will witness a sluggish growth, owing to a highly matured market in this region. In 2016. Europe will also witness a moderate CAGR close to 5%. However, tightening regulations regarding wastewater treatment plays a vital role in driving the water soluble polymer market.