Polymer Gel Market Growth Analysis | 2022-2027

"The Polymer gel market is likely to witness a CAGR of 5.2% during the forecast period". 

Market Dynamics

Introduction

A polymer gel is a three-dimensional elastic cross-linked polymer network. It is a soft, wet material capable of large deformations such as growing and shrinking in large volumes. It is deformed by external stimuli such as hydrogen potential (pH), temperature, and ionic strength. It is primarily used in actuators, sensors, and modulators for drug delivery and separation of different polymers. Also, it is used in robotics, petrochemicals, paints and coatings, and chemical manufacturing worldwide.

Market Trends

• Polymer-based biodegradable materials in agriculture significantly reduce irrigation water use by 40% to 70%. These products also aid in reducing fertilizer use by binding to roots and preventing soil leakage, making them a popular choice in agriculture.
• The global polymer gel market is anticipated to expand due to the increasing popularity of smart farming methods like water conservation and fertilizer reduction.
• The market expansion is largely driven by the growing popularity of polymer gel due to its low tack, effective absorbent, and non-oily properties.
• Polymer gel is also utilized in the personal care and cosmetics industries to produce facial masks, mascaras, cuticle coatings, and transparent gels.
• The manufacturing sector is experiencing a surge in innovation and production procedures, with the PHASE transition becoming a significant trend. This growth is attributed to increased R&D expenditures and new regulatory requirements.
• Key players in the global polymer gel market include Saudi Arabian Amiantit Company, Ma's Group Inc., LG Chemicals Ltd., BASF Corporation, Dow Chemical, Chemtex Specialty Limited, Sumitomo Seika Chemicals Co. Ltd., Enduro Composites Inc., Evonik Industries, FIMA Group Ltd., and Nippon Shokubai Co. Ltd.
• North America is projected to lead the global market in the near future due to increasing demand from various end-use sectors and the presence of key players in the region.
• The personal care industry in Asia-Pacific is gaining momentum due to rising skincare awareness, consumer spending, and the aging demographic, with anti-pollution, carbonated skincare, halal beauty, and TMC-based products likely to drive growth.
• Polymer-based biodegradable materials in agriculture significantly reduce irrigation water use by 40% to 70%. These products also aid in reducing fertilizer use by binding to roots and preventing soil leakage, making them a popular choice in agriculture.
• The global polymer gel market is anticipated to expand due to the increasing popularity of smart farming methods like water conservation and fertilizer reduction.
• The market expansion is largely driven by the growing popularity of polymer gel due to its low tack, effective absorbent, and non-oily properties.
• Polymer gel is also utilized in the personal care and cosmetics industries for the production of facial masks, mascaras, cuticle coatings, and transparent gels.
• The manufacturing sector is experiencing a surge in innovation and production procedures, with the PHASE transition becoming a significant trend. This growth is attributed to increased R&D expenditures and new regulatory requirements.
• Key players in the global polymer gel market include Saudi Arabian Amiantit Company, Ma's Group Inc., LG Chemicals Ltd., BASF Corporation, Dow Chemical, Chemtex Specialty Limited, Sumitomo Seika Chemicals Co. Ltd., Enduro Composites Inc., Evonik Industries, FIMA Group Ltd., and Nippon Shokubai Co. Ltd.
• North America is projected to lead the global market shortly due to increasing demand from various end-use sectors and the presence of key players in the region.
• The personal care industry in Asia-Pacific is gaining momentum due to rising skincare awareness, consumer spending, and the aging demographic, with anti-pollution, carbonated skincare, halal beauty, and TMC-based products likely to drive growth.

Segment Analysis

By Application Type

"Personal care application segment is estimated to account for the largest share of the market"

The market is segmented as personal care, agriculture, construction, drug delivery system, and waste treatment. The personal care application segment is estimated to account for the largest share of the market during the forecast period owing to the widespread use of polymer gel in personal care products, which acts as an effective absorbent for water and other aqueous solutions.

By Region

"Asia-Pacific is estimated to be the leading region in the market during the forecast period"

Asia-Pacific is estimated to be the leading region in the market during the forecast period. Several countries in the region, including Japan, South Korea, India, and China, are expected to create a high demand for personal care products in the coming years. Increasing skincare awareness, rising consumer spending, and the region's aging population are all contributing to the region's personal care industry's growth. In addition, anti-pollution, carbonated skincare, halal beauty, and TMC-based products are expected to boost the personal care industry, thus assisting the overall growth of the market during the forecast period.

Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.The polymer gel market is segmented into the following categories.

By Application Type

• Personal Care 
• Agriculture 
• Construction 
• Drug Delivery System 
• Waste Treatment 

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

The following are the key players in the Polymer Gel Market (arranged alphabetically)

• BASF Corporation
• Chemxtex Speciality Limited.
• Dow Chemicals
• Enduro Composites, Inc.
• Evonik Industries
• FIMA Group Ltd.
• Ltd, Nippon Shokubai Co.,Ltd.
• LG Chemicals Ltd
• Ma’s Group Inc.
• Saudi Arabian Amiantit Compan
• Sumitomo Seika Chemicals Co.

Report Features

This report provides market intelligence most totally. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players and those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by any one of the application types by country.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.