Press Release: April 14, 2020
Polyacrylamides is basically a Flocculant agent which are widely used for the Treatment of raw water, urban sewage, Oil recovery and industrial wastewater. Anionic and cationic polyacrylamide are most popular Polyacrylamide which are commercially available in the market. Polyacrylamide (PAA) is the generic name of group polymers and copolymers on the basis of acrylamide and its derivatives. Polyacrylamide is used extensively in water processing, oil production, paper processing, production and processing of minerals. It is widely used for oil recovery drilling solutions which gives stabilizers, regulators of filterability and rheological properties. Also, anionic polyacrylamide is widely accepted in water treatment due to significantly high flocculation efficiency.
Growing use of polyacrylamide in the oil and gas industry for enhanced oil recovery, Diverse applications of polyacrylamide apart from oil & gas industry, increase in use of drilling and completion chemicals and growth in industrial activity in Kingdom of Saudi Arabia are expected to drive the market growth. Rising awareness and increasing water pollution are expected to drive the growth of the market. Also, the government initiative and Rising awareness lead to the increasing demand for polyacrylamide during the forecast period. However, the price fluctuation and stringent government laws and regulation may hinder the growth of the market during the forecast period.
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Saudi Arabia polyacrylamide Market is growing significantly due to surging demand from wastewater treatment and oil recovery industries. Saudi Arabian government initiated an industrial cluster program to the sustainable development of oil and gas and chemical sectors. Raw material availability and petroleum feedstock are anticipated to boost the growth of polyacrylamide during the forecast period. Also, smart water grid legislatures have implemented to process wastewater, which is expected to increase the growth of polyacrylamide during the forecast period.
Various notable players operating in the market, Ecolab Inc., Chevron Phillips Chemical Company LLC (Saudi Polymers Company), BASF SE, SNF Group, Sahara PCC, Solvay and Schlumberger Limited among others.
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Key questions answered in this research report:
1- At what pace is Saudi Arabia Polyacrylamide market growing? What will be the Saudi Arabia Polyacrylamide market forecast?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in Saudi Arabia Polyacrylamide and market size?
4- Saudi Arabia Polyacrylamide market outlook, application areas and how they are poised to grow?
5- Saudi Arabia Polyacrylamide market overview, industry analysis and scope of study?
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