Analysis of Polyamines market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
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.
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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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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.
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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.
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.
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.
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.
Fact.MR has studied the Polyamines market with detailed segmentation on the basis of solid content, application, end-use industry, and key regions.
“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.”
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The global polyamines market projects a CAGR of 3.6% during the forecast period.
Water treatment industry consumes 55% of total polyamines and tops the consumption list.
Currently, North America accounts for more than one-fourth of the polyamines demand and expects to dominate in the future as well.
Kemira Oyj, SNF Floegler and BASF S.E are among the Tier 1 players. Together they accounted for more than 85% of the global market share in 2020.
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