POLYACRYLAMIDE MARKET ANALYSIS

Market News

Key Developments

1. Key companies in the market are focused on adopting various growth strategies such as capacity expansion, in order to gain competitive edge in the market. For instance, in April 2019, BASF SE, the German chemicals company, expanded its commercial production of polyacrylamide powder at its site in Nanjing, China. This expansion would add 20,000 metric ton per year to capacity of polyacrylamide.
2. Major market players are focused on various business strategies such as capacity expansion, in order to enhance their product portfolio. For instance, in August 2019, SNF invested US$ 1.2 billion to expand its polyacrylamide production capacity. This expansion was done in the wake to meet increasing demand of polyacrylamide.
3. Major companies in the market are focused on various business strategies such as capacity expansion, in order to enhance their market presence. For instance, in February 2019, Kemira, a Finland-based chemicals company, announced US$ 66.13 million of investment to expand production of high molecular weight emulsion polymers. This expansion will allow the company to modernize intro-based acrylamide capabilities. Acrylamide is a crucial monomer in the production of polyacrylamide.