Polymer Gel Market Size Expected To Grow At 6% CAGR & Attain The Value of USD 83.40 Billion by 2032
According to the report published by Zion Market Research, global Polymer Gel Market was worth USD 52.85 Billion in 2023. The market is forecast to reach USD 83.40 Billion by 2032, growing at a compound annual growth rate (CAGR) of 5.2% during the forecast period 2024–2032. Polymer gel is a 3D cross-linkage between the polymers that can be deformed significantly. The cross-linked polymer gel is filled with water or electrolyte-like solvent.
Some of the key polymer hydrogel manufacturers influencing the growth of the global polymer gel market are Ashland, Medline Industries Inc, Alliqua Biomedical Inc, LG Chem Ltd., B. Braun Melsungen AG, Hydrogel Healthcare Ltd., Cardinal Health, BASF, 3M, Hollister, Formosa Plastics Corporation, SILIPOS Holding LLC, Smith & Nephew, Sanyo, Coloplast, Cooper Company, KAO Corporation, and Medtronic Inc. Almost 50% of the global polymer gel market share is under the key market contenders.
Broad Range Of Application Of Polymer Gels Projected To Boost The Market Growth
Polymer gels offer a wide range of applications in several industries. Different types of polymer gels are likely to undergo a rise in demand owing to their distinctive properties appropriate to the needs for different end-users such as oil & gas, medicals, and personal care, among others by 2025. Moreover, the growing number of aged people in China and Japan along with globally expanding population and rising awareness toward healthcare will fuel the demand for polymer gels during the forecast period.
Besides gels, polymer-based ecological (biodegradable) products are also used extensively in the agricultural sector. By using such polymer-based products, water wastage while irrigation can be controlled. By adding these products onto the fields, 40 to 70% of irrigation water can be saved. Apart from this, it also reduces the fertilizer leaching by binding them tightly to the roots of the crops. Thus, it is an extremely beneficial product for retaining water and fertilizers in water-scarce regions.
Advancing technologies and constant developments in the formulations of polymer gels based on the altering regulatory trends and customer preferences are driving the industry growth. One of the most recent technological advancements in the market is the use of PHASE transition, which is expected to gain prominence in the coming few years.
The global polymer gel market report segments the market based on the raw material, form, type, end-use industry, and region. Based on raw material, the report segregates the market into polyvinyl alcohol (PVA), polyacrylic acid (PAA), silicon, polyacrylonitrile (PAN), and others. Based on the form, the report segments the market into particle, semi-crystalline, monolith, blanket, amorphous, and others. By type, the market is classified into aerogel, hydrogel, and others. Based on the end-use industry, the global polymer gel market is segmented into personal care & cosmetics, healthcare, agriculture, water treatment, oil & gas, electrical & electronics, building & construction, and others.
Asia Pacific To Attain Global Leading Position Owing To Growing Personal Care Products Demand
In 2016, Asia Pacific held a significant share for the global polymer gels market and this trend is projected to remain the same throughout the forecast period. The demand for personal care products is fueling in the region comprising potential markets such as India, China, South Korea, and Japan. Several factors are propelling the growth for the personal care industry in the region such as rising awareness concerning skincare, aging demography, and consumer spending. Moreover, the commercial availability of carbonated skincare, anti-pollution, TMC-based, and halal beauty products, is likely to drive the personal care industry during 2019–2025.
Browse the full “Polymer Gel Market By Raw Material (PAA, PAM, PVA, PAN, Silicone) By Type (Aerogel, Hydrogel) By Form (Pressed powder matrices, Membranes/sheets, Blankets, Films, Monoliths, Custom shapes, Others) End-use Industry (Healthcare, Water treatment, Chemical, Cosmetics & personal care, Agriculture, Building & construction, Electrical & electronics): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024–2032.” Report at https://www.zionmarketresearch.com/report/polymer-gel-market
Global Polymer Gel Market: Competitive Players
Some main participants of the polymer gel market are-
- LG Chem
- NIPPON SHOKUBAI CO., LTD.
- ADM
- Cabot Corporation
- SNF Holding Company
- Aerogel Technologies
- BASF SE
- Evonik Industries AG Procurement Building
- Sumitomo Seika Chemicals Co., Ltd.
- Aspen Aerogels
- Chemtex Speciality Limited
- Katecho, LLC
- among others.
The global polymer gel market is segmented as follows:
By Raw Material:
- Polyvinyl alcohol (PVA)
- Polyacrylic acid (PAA)
- Silicon
- Polyacrylonitrile (PAN)
- Others
By Form:
- Particle
- Semi-crystalline
- Monolith
- Blanket
- Amorphous
- Others
By Type:
- Aerogel
- Hydrogel
- Others
By End-User Industry:
- Personal care & cosmetics
- Healthcare
- Agriculture
- Water treatment
- Oil & gas
- Electrical and electronics
- Building and construction
- Others
By Region
- North AmericaThe U.S.Canada
- EuropeFranceThe UKSpainGermanyItalyRest of Europe
- Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
- Latin AmericaBrazilMexicoRest of Latin America
- Middle East & AfricaGCCSouth AfricaRest of Middle East & Africa
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