The ‘Global Water Soluble Polymers Market Size, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global water soluble polymers market, assessing the market on the basis of its segments like product type, application, and region.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 40.1 billion
- Forecast CAGR (2023-2028): 50%
- Forecast Market Size (2028): USD 55.3 billion
The numerous industrial uses of water soluble polymers, including in food, medicine, textiles, building materials, paints, paper, water treatment, coatings, and adhesives are propelling the global water soluble polymers market growth. The superior high-temperature stability of advanced water soluble polymers is leading to an increase in their use in many end-use sectors, particularly in oilfields, which is anticipated to positively affect market growth.
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Novel drug delivery methods are being created as a result of advancements in polymer science, and the introduction of new polymers is creating polymers with distinctive features. In the pharmaceutical sector, water soluble polymers are frequently used as stabilisers, solubilisers, and mechanical supports for sustained release of pharmaceuticals.
Additionally, major market players are investing in research and development projects to create bio-based water-based emulsion polymers for clean environments. The global water soluble polymers market is being positively affected by their work on creating water soluble polymers from amino acids that can withstand high temperatures.
Water soluble polymers are also in increasing demand for use in water treatment projects as thickeners, stabilisers, flocculants, coagulants, and humectants, among others. The growth in demand for clean water is anticipated to increase the need for water soluble polymers over the course of the forecast period.
Industry Definition and Major Segments
Water soluble polymers are compounds that when dissolved in water, expand or scatter to show certain distinctive properties. When dissolved in water, the electronegative atoms of these compounds, which are present in sufficient numbers, tend to form hydrogen bonds. The molecular weight of the polymer affects how quickly it dissolves in water.
Based on product type, the market is segmented into:
- Polyvinyl Alcohol
- Guar Gum
- Xanthan Gum
- Polyacrylic Acid
On the basis of application, the market is categorised into:
- Water Treatment
- Household Products and Detergents
- Oil and Gas
- Pulp and Paper
By region, the market is divided into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Rising population, increasing need for freshwater, and low resources of fresh drinking water are heightening the demand for water soluble polymers to lessen water contamination, further bolstering the water soluble polymers market. Potable water, municipal sewage, and ores are all treated using water soluble polymers.
In the oil and gas sector, water soluble polymers are frequently utilised in the drilling, workover, completion, and production phases of oil and gas wells in oil fields. As a result, increased shale gas production and improved crude oil recovery are increasing the demand for water soluble polymers in the petrochemicals industry. Rising investments in research and development to develop effective water soluble polymers to enhance their applications in oil and gas fields are also projected to support the growth of the global water soluble polymers market.
An increase in the use of water soluble polymers in the food and pharmaceutical industries are one of the key trends driving the growth of the global water soluble polymers market. The expanding use of polyvinyl alcohol for ecologically friendly packaging and rising government support for its manufacturing are driving demand for water soluble polymers in the packaging sector. In the pulp and paper industry, water soluble polymers are utilised for a variety of purposes, including in the treatment of stickies and the dewatering and treatment of debarking water and green liquor.
Key Market Players
The major players in the global water soluble polymers market report are BASF SE, SNF Group, Nutrition & Biosciences (Dupont), Arkema S.A., Ashland Inc., Kuraray Group, Nuoer Group, CP Kelco, and Polysciences, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.