Global Polyamines Market Insights
The global polyamines market has witnessed steady growth at a CAGR of 3.2% over the past half-decade. However due to the ongoing outbreak of COVID-19, the market has generated a sharp decline in demand for fiscal year 2020. Post this timeframe, with the resurrection in global demand, the polyamines market is forecast to witness an upswing with a CAGR of 3.6% during the forecast period (2020-2030).
Polyamines (Epi-DMA) belong to a class of organic coagulants which are used in coagulation, decolorant and shale inhibitor applications. Polyamines are showcasing lucrative growth opportunities in the oil & gas sector. They are being used in high-performance, water-based drilling fluids for their ability to stabilize clays while drilling through water-sensitive shales.
In addition, polyamines are used to treat industrial wastewater for the removal of color, turbidity and organic compounds, particularly from dye effluents. Based on these applications, the global polyamines market is poised to leverage in the future.
Global Polyamines Market Application Insights
Shale inhibitors have emerged as a lucrative application area for the polyamines market. Their soaring popularity has been observed owing to their applications in the oil & gas industry. Based on this trend, market players are leveraging their footprints by providing polyamines for utilization in the oil & gas industry.
This increase in demand of polyamines in shale inhibitor applications has revived the polyamines market, driving growth in the mid-term forecast. However, long-term factors such as growth in water treatment chemicals industry and oil-well explorations are set to provide further impetus to the demand for polyamines.
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Global Polyamines Market End-Use Industry Insights
Polyamines are being primarily consumed in the water treatment industry (55% of total market). This is followed by the paper & pulp industry, where polyamines are used to coagulate the pulp and remove color from paper mill waste effluents.
Aforementioned factors with regard to polyamines applications in paper & pulp industry are set to provide a boost to the polyamines market. Oil & gas is the most lucrative end-use, owing to the extensive polyamine application as a shale inhibitor which is set to boost demand in the long-run.
Global Polyamines Market Regional Insights
North America accounted for the largest market share in 2019. This trend is anticipated to continue throughout the forecast period. Currently, North America accounts for more than one fourth of the polyamines demand. Consumption of polyamines in North America is mainly backed by increasing demand from oil & gas industry for shale inhibitor and coagulant applications.
The polyamines market was the fastest growing in North America during the historical period. This is attributed to the increasing consumption of polyamines in shale inhibitor applications. However, the COVID-19 pandemic has contracted demand, thus affecting the production of polyamines.
This trend is anticipated to continue for more than 15 months. By the 4th quarter of 2021, the market is set to recover its pace. The market will gain momentum once the manufacturing sites and oil & gas industry operates at maximum capacity.
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Global Polyamines Market Manufacturers: Key Strategies
The global polyamines market is fairly consolidated in nature. Kemira Oyj, SNF Floegler and BASF S.E are among the Tier 1 players. Together, they are anticipated to account for more than 85% of the global market share in 2020. Key manufacturers are involved in material optimization, manufacturing technological automation, and productivity enhancement.
Prominent manufacturers are also expanding their manufacturing facilities. For instance, SNF Floegler has doubled its polyamines production to support the growing demand from oil & gas industry in across the regions.
“Firms’ inclination towards polyamines, owing to its properties such as ease of handling and faster coagulation is poised to supplement market growth and market expansion in the forecast period” says a Fact.MR analyst.
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COVID-19 Impact Insights
The coronavirus pandemic has brought the whole world to a standstill. Business activities have registered a downturn in the form of dwindling sales due to reduced production and demand.
The same is true for the polyamines market. One of the prominent end uses of polyamines is in the coagulant application. The ongoing pandemic has led to a decline in all industrial activities, in the wake of disrupted supply chains.
Extended lockdowns in different countries have nullified the production of polyamines for the past month, as key manufacturing units and factories are shut. Even after the lockdown is lifted, it will take at least a couple of months to restore production to normal. Thus, contracting demand from allied industries in second quarter of 2020 will have prolonged effects on the global polyamines market.
About the Report
Fact.MR published an exclusive forecast report for Polyamines market between 2020 and 2030. The foremost objective of this report on Polyamines market is to pitch spearhead insights on market scenario, demand generators and technological advancements in the Polyamines market. Also, the study on Polyamines market addresses key dynamics, which are expected to diversify the sales and future prominence of Polyamines market.
The report on Polyamines market begins with an executive overview in which product definition has been provided. The report further proceeds with taxonomy of Polyamines market elaborating on the key segments. Also, the report outlines visionary insights on dynamics Polyamines market including drivers, restraints, opportunities and trends and pricing analysis along with the key buying factors for Polyamines.
Supply chain analysis and pricing analysis of Polyamines market along with the difference between Polyamines used as per applications have also been included in the report to help the readers clearly understand the product framework map in Polyamines market.
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Polyamines Market Segmentation
Fact.MR has studied the Polyamines market with detailed segmentation on the basis of solid content, application, end-use industry, and key regions.
By Solid Content
- Shale Inhibitor
- Oil & Gas
- Water Treatment
- Pulp & Paper
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than the addressee(s) is unauthorized and prohibited.”
Polyamines Market- Scope Of The Report
The recent study by Fact.MR on Polyamines market offers a 10-year forecast between 2020 and 2030. The study analyzes crucial trends that are currently determining the growth of Polyamines market. This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of Polyamines. The study also provides dynamics that are responsible for influencing the future status of the Polyamines market over the forecast period.
A detailed assessment of Polyamines value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report. A list of prominent companies operating in the Polyamines market along with their product portfolio enhances the reliability of this comprehensive research study.
Polyamines Market: Report Summary
The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in Polyamines market across the globe.
A comprehensive estimate on Polyamines market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of Polyamines during the forecast period. Price point comparison by region with global average price is also considered in the study.
Polyamines Market: Analysis on Market Size Evaluation
Polyamines market has been analyzed for each market segment, in terms of volume (Kilo tons) and value (US$ Mn).
Market estimates at global and regional levels for Polyamines is available in terms of “US$ Mn” for value and in “Kilo tons” for volume. A Y-o-Y growth contrast on prominent Polyamines market segments, along with market attractiveness evaluation has been incorporated in the report. Furthermore, the absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve along with identifying potential resources, considering sales and distribution perspective in the global Polyamines market.
Polyamines Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the Polyamines report, which have helped to deliver projection on the regional markets. These chapters include the regional macros (political economic, and business environment outlook), which are expected to have a momentous influence on the growth of Polyamines market during the forecast period.
Country-specific valuation on demand for Polyamines has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
Polyamines Market: In-Depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of Polyamines along with their detailed profiles. Essential and up-to-date data information related to the market performers, who are principally engaged in the production of the Polyamines, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.
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