water-soluble polymers market call was valued at around US $ 33.1 billion in 2022 and is predicted to generate revenue of around US $ 37.5 billion by the end of 2028, at a CAGR. of about 6.6% between 2023 and 2028.
Asia is the largest and fastest-growing market with a significant share of 46.83% of the total market size in 2013. Market trends for water-soluble polymers and their various types continuously show a trend This is mainly due to the increase in shale oil and gas extraction activities around the world. China is the first country and the fastest-growing market in the region and the world in terms of consumption and value.
Water-soluble polymers are compounds that exhibit a change in their physical properties after exposure to aqueous systems. Typically, water-soluble polymer chains include hydrophilic groups that are substituted or incorporated into the polymer backbone. Hydrophilic groups can be nonionic, anionic, amphoteric, or cationic. Water-soluble polymers have many applications in food, pharmaceutical, paper, construction, adhesives, water treatment, paint, textiles, coatings, and other industries. Polyvinyl alcohol, a water-soluble polymer, is widely employed to strengthen textile yarns and papers, especially textile yarns to make them more resistant to oils and fats. In food, casein is employed as a nutritional supplement, thickener, emulsifier, and texture stabilizer in creamy soups, sorbets, puddings, custards, and others.
Growing applications in various industries, including household products, construction, detergents, personal care, food, paints and coatings, and pharmaceuticals, are predicted to drive call during the foreseen period. Increased consumption of polyvinyl alcohol for eco-friendly packaging in light of government support will stimulate expansion in the industry. Increased consumption due to superior properties including quick drying, sweet smell, and flammable and eco-friendly nature, will drive the expansion of the industry. During the foreseen period, the food and beverage market is predicted to register strong expansion due to the escalating speed of production and escalating competition between catering and catering companies. In addition, factors such as the expansion of the world population, the increase in disposable income, and the escalating call for food products will have a positive impact on the expansion of the world market for water-soluble polymers.
The escalating call for water-soluble polymers in water treatment plants around the world primarily drives the market for water-soluble polymers. Additionally, enhanced crude oil recovery has been widely adopted in the petroleum industry, further escalating the call for water-soluble polymer. Growing applications in various industries are predicted to fuel call during the foreseen period, including household goods, manufacturing, detergents, personal care, food, paints and coatings, and products. pharmaceutical products. Increased use of polyvinyl alcohol for eco-friendly packaging would boost market expansion in light of government funding. Increased usage can drive market expansion due to superior properties such as quick drying, sweet odor, flammability, and eco-friendly design. The growing call for water-soluble polymers in water treatment plants around the world is greatly influencing the market for water-soluble polymers. Additionally, accelerated oil recovery for crude oil has gained wide acceptance in the petroleum industry, further escalating the call for water-soluble polymers.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2022-2028 |
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Base Year |
2022 |
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Forecast Period |
2023-2028 |
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CAGR |
6.6% |
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Segments Covered |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
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Market Leaders Profiled |
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The volatility of prices for water-soluble polymers is hampering the expansion of the market.
Opportunities in the Water Soluble Polymers Market:
The growing call for water-soluble polymers in emerging Asia and the Pacific economies is predicted to provide new opportunities for major players. The tightening of environmental regulations in developing economies regarding the discharge of effluents from manufacturing companies and the purity of drinking water further accelerates the call for these products and will improve the worldwide market for water-soluble polymers during the period of foreseen. . The consumption of products will increase in the coming years due to their escalating call in developing countries. These countries are completely focused on the use of green products, as they help limit pollution levels. Favorable government regulation in these economies will further help increase the market calls for water-soluble polymers. Population expansion around the world has increased the challenges associated with access to fresh water. Additionally, rapid urbanization and economic expansion have dramatically increased the call for potable water and wastewater treatment. As a result, the use of water-soluble polymers such as polyamines, polyacrylamides, amino resins, and flocculants as chemicals for treating water in large tanks, swimming pools, and reservoirs is also escalating. These water-soluble polymers effectively maintain pH values and improve water quality. One of the key factors driving market expansion is the escalating call for these chemicals.
The market for water-soluble polymers could face restrictions due to the adverse environmental and health impacts of synthetic polymers. These products can affect the environment in several direct or indirect ways. This market could be further affected by the volatility of commodity prices for synthetic derivatives in recent years. Over the next few years, commodity prices are predicted to fluctuate sharply, which in turn could have a negative impact on their expansion.
Polyacrylamide & copolymer
Guar gum
Derivatives
Polyvinyl alcohol
Casein
Gelatin
Polyacrylic acid and copolymers
The polyacrylamide and copolymers segment accounted for sales of more than USD 5 billion in 2020 and the segment is predicted to show promising earnings during the foreseen period due to the prevalence of strict government regulations aimed at reducing the release of chemicals. harmful agents in the environment.
The water treatment segment led the application base in 2020 and accounted for around 25% of the total business share. The growing call for effluent treatment is the main expansion engine in this segment.
In terms of value, North America is predicted to grow at a considerable CAGR due to the natural gas boom combined with the expansion of the pharmaceutical and food and beverage industries in the United States, Canada, and Mexico. Due to the rapid consumption of personal care products, detergents, and the oil and gas industry in the UK, Germany, and Spain, Europe is predicted to show significant expansion. Asia-Pacific was the main market, representing more than 40.0% of the worldwide sales share, and will show strong expansion in China, India, and Indonesia due to the increase in the personal care food and beverage, and pharmaceutical industries.
Asia-Pacific had a significant 30% share in 2016. Escalating industrialization, coupled with favorable industrial regulation in the developing economies of this region, creates a huge expansion path for manufacturing companies, resulting in massive production of wastewater. Strict industrial effluent disposal regulations are creating a high call for wastewater treatment processes, thus escalating the market size for water-soluble polymers by 2025. North America will experience slow expansion and a very mature market in this region. In 2019, Europe will also experience a moderate CAGR of close to 5%. However, stricter regulations for wastewater treatment are playing a critical role in boosting the market for water-soluble polymers.
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