The Partially Hydrolyzed Polyacrylamide (PHPA) Market Size is valued at USD 2.24 Bn in 2022 and is predicted to reach USD 3.85 Bn by the year 2031 at a 6.5% CAGR during the forecast period for 2023-2031.
PHPA (Partially Hydrolyzed Polyacrylamide) is a synthetic polymer widely used in industrial and environmental applications. It is created by polymerizing acrylamide and is partially hydrolyzed to make it water-soluble. Various variables drive the Partially Hydrolyzed Polyacrylamide (PHPA) market dynamics, including industry demand, applications in various industries, regulatory developments, environmental concerns, technological improvements, and economic situations. The need for PHPA in the oil and gas industry, notably in drilling and enhanced oil recovery (EOR) applications, is a significant market driver. Oil price fluctuations, exploration and production operations, and the introduction of new drilling techniques all have an impact on PHPA demand.
However, global lockdowns and decreased economic activity resulted in a dramatic drop in oil demand, forcing oil prices to plunge. This had an influence on drilling and exploration operations, which in turn had an impact on the demand for PHPA in drilling fluids and improved oil recovery. Because the oil and gas industry consumes a substantial amount of PHPA, the decrease in drilling activities had a detrimental influence on the PHPA market.
Competitive Landscape:
Some Major Key Players In The Partially Hydrolyzed Polyacrylamide (PHPA) Market:
- BASF SE
- SNF Group
- Kemira
- Solvay
- Ecolab
- Ashland, Inc.
- Anhui Jucheng Fine Chemicals Co., Ltd.
- Shandong Polymer Biochemicals Co., Ltd.
- Beijing Hengju Chemical Group Corporation
- Jiangsu Feymer Technology Co., Ltd.
- Innova Corporate (India)
- Orange Chemicals
Market Segmentation:
The Partially Hydrolyzed Polyacrylamide (PHPA) Market is divided on the basis of type, function, application, and end-use. The segment, type, comprises anionic, cationic, non-ionic, and others types. The function segment includes a viscosifying agent, shale bore-hole stabilizer, encapsulator, and flocculation agent. As per the application, the market is segmented into drilling fluids, water treatment additives, soil stabilization, paper manufacturing, and others. The end-user segment includes oil & gas, wastewater treatment, mining, agriculture, paper, and others.
Based On Type, The Anionic Segment Is Accounted As A Major Contributor In The Partially Hydrolyzed Polyacrylamide (PHPA) Market
The anionic category is expected to hold a major share in the global Partially Hydrolyzed Polyacrylamide (PHPA) Market in 2022. Anionic-type PHPA is often employed in applications where the polymer's flocculation and clarifying qualities are critical. It is frequently used in industries requiring efficient solid-liquid separation, such as wastewater treatment, mining, and the paper industry. Anionic PHPA is used extensively in wastewater treatment to flocculate and settle suspended particulates, enhance water quality, and lessen the environmental effect of wastewater discharge. Stringent water quality and effluent rules promote demand for effective flocculants such as anionic PHPA.
The Oil & Gas Segment Witnessed Development At A Rapid Rate
The oil & gas segment is estimated to grow at a rapid rate in the global Partially Hydrolyzed Polyacrylamide (PHPA) Market. Advanced drilling techniques are required to produce unconventional oil and gas reserves such as shale and tight formations. PHPA is used in hydraulic fracturing (fracking) fluids to control viscosity, reduce fluid loss, and aid in forming and maintaining cracks, all of which improve hydrocarbon recovery. As energy demand rises, oil and gas corporations seek new deposits and optimise existing fields. This increases drilling activity, resulting in a steady demand for drilling fluids, of which PHPA is an important component.
In The Region, The Asia Pacific Partially Hydrolyzed Polyacrylamide (PHPA) Market Holds A Significant Revenue Share
Asia Pacific Partially Hydrolyzed Polyacrylamide (PHPA) Market is expected to record the maximum market share in terms of revenue in the near future. The region is undergoing substantial infrastructural development, including the construction of bridges, roads, buildings, and other projects. The use of PHPA in soil stabilization for these projects contributes to its demand in the building industry. Several countries in this region, including China, India, and Southeast Asian nations, have considerable oil and gas exploration and production activities.
PHPA is a crucial ingredient in drilling fluids and enhanced oil recovery (EOR) technologies, making it an crucial component in the oil and gas sector. Moreover, in North America, PHPA is used in mineral processing, tailings management, and other solid-liquid separation operations. The need for minerals, metals, and aggregates influences the demand for PHPA.
Partially Hydrolyzed Polyacrylamide (PHPA) Market Report Scope:
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 2.24 Bn |
|
Revenue Forecast In 2031 |
USD 3.85 Bn |
|
Growth Rate CAGR |
CAGR of 6.5% from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn, Volume (Tons) and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Type, Function, Application, End-User |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
BASF SE, SNF Group, Kemira, Solvay, Ecolab, Ashland, Inc., Anhui Jucheng Fine Chemicals Co., Ltd., Shandong Polymer Biochemicals Co., Ltd., Beijing Hengju Chemical Group Corporation, Jiangsu Feymer Technology Co., Ltd., Innova Corporate (India), Orange Chemicals |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Corporate
Office :
Office No.5170, 5th Floor Marvel Fuego, Magarpatta Rd, Pune, 411028
info@insightaceanalytic.com
