September 10, 2021 04:37 ET | Source: Market Research Future Market Research Future
New York, September 10, 2021 (GLOBE NEWSWIRE) - Water-soluble polymer market overview: According to a comprehensive research report by Market Research Future (MRFR), "Water-soluble polymer market information: According to raw materials (synthetic, semi-synthetic and natural ), type (polyacrylamide and copolymers, guar gum and derivatives, casein, polyvinyl alcohol, gelatin, polyacrylic acid, etc.), applications (wastewater treatment, cosmetics and personal care products, oil and gas, food, Pulp and paper, pharmaceuticals and others) and regions (North America, Europe, Asia Pacific, South America, and the Middle East and Africa)-forecasted by 2028 "By 2028, the market size is expected to reach 57.32 billion U.S. dollars, with a compound annual growth rate of 6.18%. During the forecast period (2021-2028), the market value in 2020 will be USD 38.25 billion.
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MRFR analysis lists several major manufacturers in the water-soluble polymer industry, namely
These companies have a considerable market share of water-soluble polymers and are known for expanding their geographic coverage by launching highly innovative products and solutions. They also adopted many strategies, such as cooperation, agreements and partnerships, which increased the market value of water-soluble polymers. For example, in June 2021, the well-known 3D printing material developer Infinite Material Solutions launched its latest water-soluble 3D printing filament, which can promote the development of lightweight foam parts similar to sponges. The company claims that it is the world's first extrudable thermoplastic with a water-soluble, microporous, co-continuous form.
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Due to the continuous expansion of applications in oil production, drilling, wastewater treatment, food and mining, the market size of water-soluble polymers is expected to expand rapidly in the next few years. The installation and use of water-soluble polymers as thickeners, stabilizers, emulsifiers, film-forming agents, lubricating aids, regulators and rheology modifiers is also advantageous.
The surge in applications of water-soluble polymers in various fields such as construction, household products, personal care, detergents, paints and coatings, pharmaceuticals and food should also promote business growth in the next few years. The increased use of polyvinyl alcohol in green packaging and government support will also promote the market value of water-soluble polymers. Due to its mild odor, quick-drying, environmental protection, and flammability, the consumption of this product is high.
As leading companies such as PetroChina, SNF, Beijing Hengju and BASF have invested heavily in R&D activities, it is expected that the market share of water-soluble polymers will continue to grow rapidly in the next few years. The production of wet shale gas and shale gas in China, the United States, Australia and Algeria has increased significantly, which has also driven product demand. In addition, given the strong growth in multiple industries such as food and beverages, pharmaceuticals, and personal care, especially in emerging countries such as China, Indonesia, and India, global suppliers will find lucrative opportunities in the Asia-Pacific region.
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Instability of raw material prices and the toxic impact of water-soluble polymers on the environment and health may weaken demand in the coming years.
The COVID-19 pandemic has given way to various industries, especially the multiple challenges of the chemical industry. This largely limits the growth of the water-soluble polymer market. The global industry has been under tremendous financial pressure and the imbalance between supply and demand.
However, the market size of water-soluble polymers will be continuously supported by the government and cultivated in the form of investment in R&D activities.
The different raw materials considered in the report are natural, semi-synthetic and synthetic. The synthetic part of the water-soluble polymer market is in a leading position and may achieve considerable growth rates in the future. However, in view of environmental standards prohibiting the use of synthetic polymers and various physiological and functional benefits, the demand for natural water-soluble polymers has soared significantly in recent years.
Various water-soluble polymers on the global market include guar gum and derivatives, polyacrylamide and copolymers, polyvinyl alcohol, casein, polyacrylic acid, gelatin, etc.
Water-soluble polymers are widely used in a variety of applications, including cosmetics and personal care products, wastewater treatment, food, oil and gas, pharmaceuticals, pulp and paper, etc.
North America is the largest market for water-soluble polymers, thanks to a booming industrial base and fast-growing industries including pharmaceuticals and food. The amazing increase in shale gas production and strict regulations on wastewater treatment in the region have also promoted the demand for water-soluble polymers. Widespread use in cosmetics and personal care fields has also increased the market value of water-soluble polymers.
The Asia-Pacific region may be the fastest-growing market in the next few years, and emerging countries such as India, Thailand, China, Malaysia, and South Korea have made great contributions. The surge in China's industrial output has prompted industries to focus on reducing the total amount of waste discharged into water bodies. This has been promoting the use of water-soluble polymers in industrial processes across the country.
Market segments covered by the research:
Water-soluble polymer market information: by raw material (synthetic, semi-synthetic and natural), type (polyacrylamide and copolymers, guar gum and derivatives, casein, polyvinyl alcohol, gelatin, polyacrylic acid, etc.), application ( Wastewater treatment, cosmetics) and personal care products, oil and gas, food, pulp and paper, pharmaceuticals, etc.) and regions (North America, Europe, Asia Pacific, South America and the Middle East and Africa)-forecast to 2028
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