The global water soluble polymer market size is expected to reach USD 39,477 Million by 2026, expanding at a CAGR of 5.1% during the forecast period, 2021-2028. The growth of the market is attributed to increasing demand for water soluble polymers from water treatment units. Moreover, growing shale gas industry due to enhanced oil recovery is driving the market growth.
Water-soluble polymers are polymers that easily gets dissolved in water and modify physical properties of the aqueous system in order to perform specific functions such as cleaning, strengthening, and thickening. These polymers are actively used in water treatments systems, paper making, detergents, and other household products. Casein, PVA, and polyacrylamide are some example of water-based polymers.
There are two types of water-soluble polymers, namely, natural water-soluble polymers and synthetic water-soluble polymers. Guar gum, gelatin, xanthan gum, and pectin are some of the naturally occurring water-soluble polymers.
Market Drivers, Restraints, Trends, and Opportunities
- Growing demand from the medical industry for drug delivery, tissue engineering, and artificial organ development are driving the market growth.
- The COVID-19 pandemic led to supply chain disruptions, which disrupted the market growth.
- Stringent government regulations on polymer usage can restrain the growth of the market.
- Increasing demand for water-soluble polymer from emerging economies is anticipated to create major opportunities for the industry players in the water soluble polymers market.
- Rising demand for bio-based acrylamide and growing application of this polymer in the pharmaceutical industry is expected to provide numerous opportunities for the manufacturers in the coming years.
Scope of Water Soluble Polymer Market Report
The report on the global water soluble polymer market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Water Soluble Polymer Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Polyacrylamide, Polyvinyl Alcohol, Guar Gum, Gelatin, Xanthan Gum, Polyacrylic Acid, Polyethylene Glycol, and Others) and Applications (Water Treatment, Food and Beverage, Personal Care and Hygiene, Oil and Gas, Pulp and Paper, Pharmaceutical, and Others)
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Regional Scope
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Asia-Pacific, North America, Europe, South America and Middle-East and Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Ashland Inc., Arkema SA, DuPont, The Dow Chemical Company, BASF, Gantrade, Nitta Gelatin Inc., Kuraray Group, SNF Group, Kemira Oyj, AkzoNobel, Gelita AG, Shandong polymers Bio-chemicals Co. Ltd., Sumitomo Seika Chemicals Company, and CP Kelco
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Global Water Soluble Polymer Market Segment Insights
Guar gum segment to account a considerable market share
Based on types, the market is divided into polyacrylamide, polyvinyl alcohol, guar gum, gelatin, xanthan gum, polyacrylic acid, polyethylene glycol, and others. The guar gum segment is projected to account for a considerable market share during the forecast period owing to its increasing usage in the treatment of constipation, diarrhea, irritable bowel syndrome (IBS), high cholesterol, and high blood pressure. India is the leading producer of guar gum and accounts for approximately 81% of the global market share.
Water treatment segment to grow at a rapid pace
Based on applications, the market is segregated as water treatment, food and beverage, personal care and hygiene, oil & gas, pulp & paper, pharmaceutical, and others. The water treatment industry segment is projected to grow at a high rate during the forecast period owing to the growing need for pure water for industrial and household purposes. The investment opportunities in the water treatment industry are expected to increase to USD 130 billion by 2030.
Asia Pacific to account a considerable market share
Based on regions, the market is classified as Asia Pacific, North America, Europe, Latin America, and Middle East and Africa. Rising growth in the personal care, food & beverages, and pharmaceuticals sectors in emerging countries such as China, India, and Indonesia is driving the market growth in Asia Pacific.
Segments
The global water soluble polymer market has been segmented on the basis of
Types
- Polyacrylamide
- Polyvinyl Alcohol
- Guar Gum
- Gelatin
- Xanthan Gum
- Polyacrylic Acid
- Polyethylene Glycol
- Others
Applications
- Water Treatment
- Food and Beverage
- Personal Care and Hygiene
- Oil & Gas
- Pulp & Paper
- Pharmaceutical
- Others
Regions
- Asia Pacific
- North America
- Europe
- South America
- Middle East and Africa
Key players
- Ashland Inc.
- Arkema SA
- DuPont
- The Dow Chemical Company
- BASF
- Gantrade
- Nitta Gelatin Inc.
- Kuraray Group
- SNF Group
- Kemira Oyj
- AkzoNobel
- Gelita AG
- Shandong polymers Bio-chemicals Co. Ltd.
- Sumitomo Seika Chemicals Company
- CP Kelco.
Competitive Landscape
Some of the major players of the market are Ashland Inc., Arkema SA, DuPont, The Dow Chemical Company, BASF, Gantrade, Nitta Gelatin Inc., Kuraray Group, SNF Group, Kemira Oyj, AkzoNobel, Gelita AG, Shandong polymers Bio-chemicals Co. Ltd., Sumitomo Seika Chemicals Company, and CP Kelco.
