Wilmington, Delaware, United States, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global polyelectrolytes market is projected to flourish at a CAGR of 4.5% from 2023 to 2031. As per the report published by TMR, a valuation of US$ 1.8 billion is anticipated for the market in 2031. As of 2023, the market for polyelectrolytes is expected to close at US$ 1.26 billion.
Increasing demand for polyelectrolytes in water and wastewater treatment processes for coagulation, flocculation, and solid-liquid separation, is likely to drive the market for polyelectrolytes during the forecast period.
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Competitive Landscape
The polyelectrolytes market is highly consolidated with the presence of a few global players. The leading players in the market are investing in new product development, mergers, and acquisitions to gain a competitive edge. Transparency Market Research has profiled the following players in its global polyelectrolytes market report
- SNF
- Thermax Limited
- Dow Chemical
- BASF SE
- Arkema
- Kemira Oyj
- Henan GO Biotech Co., Ltd
- Ecolab Inc.
- Solenis
- Buckman Laboratories International, Inc.
- Veolia Water Technologies & Solution
- Lenntech B.V.
- KURITA (SINGAPORE) PTE. LTD
Key Developments in the Polyelectrolytes Market
- SNF is known for its commitment to research and innovation. The company invests significantly in R&D to develop new and improved polymer solutions with an emphasis on sustainable practices and technologies in its operations and products. The company's polymers play a role in improving the environmental performance of industries by facilitating efficient water treatment and waste management.
- Kemira Oyj Introduced new polyelectrolyte products optimized for water treatment processes, emphasizing improved efficiency and sustainability. The industry making collaborations with research institutions and water treatment facilities to develop innovative solutions for challenging water quality issues.
The surging industrialization and expansion of industries such as textiles, paper and pulp, chemicals, and mining generate demand for polyelectrolytes for applications like process optimization, solid-liquid separation, and wastewater treatment.
The increasing demand for enhanced oil recovery in oil and gas leads to increased demand for polyelectrolytes. Polyelectrolytes are also used in mining operations for ore processing, separation, and tailings treatment.
Increasing stringent government environmental regulations and awareness related to water quality and waste management encourage industries to adopt efficient water treatment solutions that utilize polyelectrolytes for effective pollutant removal, spurring market growth.
Key Takeaways from the Market Study
- As of 2022, the polyelectrolytes market was valued at US$ 1.2 billion
- Based on type, the polycation segment is estimated to lead the global market during the forecast period.
- Based on source, the synthetic segment accounts for the highest market share
- Based on the application, the enhanced oil recovery segment accounts for a high share of the galvanized steel coil market, due to growing applications of polyelectrolytes in enhanced oil recovery (EOR).
Polyelectrolytes Market: Key Trends and Opportunistic Frontiers
- The growing global population, urbanization, and industrialization drive the demand for effective water treatment solutions, contributing to the growth of the polyelectrolytes market.
- Increasing demand for polyelectrolytes in drug delivery systems and biopharmaceutical formulations, and as stabilizers for proteins and enzymes, is expected to boost the market growth
- The rising demand for efficient treatment solutions for their wastewater and process streams in industries such as oil & gas, mining, paper and pulp, and textiles is expected to offer significant opportunities for the polyelectrolytes market
- Rapid industrialization and infrastructure development in emerging economies create new opportunities for polyelectrolytes in various applications.
- Increased technological advances and ongoing research and development efforts to improve the performance of polyelectrolytes and develop new formulations that meet specific application requirements contribute to market growth.
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Polyelectrolytes Market – Regional Analysis
- North America is expected to account for a significant market share in the polyelectrolytes market. The presence of various industries such as paper and pulp, textiles, and pharmaceuticals, contribute to the demand for polyelectrolytes. Increasing focus on water quality and environmental regulations, driving the demand for polyelectrolytes in water and wastewater treatment processes.
- Asia Pacific is expected to dominate the polyelectrolytes market during the forecast period. The region’s population growth and water quality challenges drive the use of polyelectrolytes in water treatment. Increasing industrial growth in countries like China and India contributes to the demand for polyelectrolytes in applications ranging from water treatment to textiles.
Polyelectrolytes Market – Key Segments
By Type
- Polycations
- Polyanions
- Polysalts
By Source
- Natural
- Synthetic
- Chemically Modified
By Composition
- Homopolymer
- Copolymer
By Application
- Coagulants
- Flocculants
- Thickener
- Emulsifier
- Enhanced Oil Recovery
- Drug Delivery Systems
- Batteries & Supercapacitors
- Others
By End-use
- Wastewater Treatment
- Sugar Industry
- Paper & Pulp
- Power
- Mining & Metallurgy
- Personal Care
- Oil & Gas
- Medical
- Energy Storage
- Others
Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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About Transparency Market Research
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