The global polymer gel market is expected to reach USD 7.93
million by 2025, according to a new report by Grand View Research, Inc. The
market is expected to witness a CAGR of 5.7% over the forecast period, owing to
increasing personal care products consumption has been a major factor driving market
growth. In addition, growing consciousness regarding the advantages of these
products coupled with the trends of adopting smart farming techniques has led
to the increased utilization of polymer gel in agricultural activities.
Demand for polymer gels is
anticipated to witness promising growth during the forecast period on account
of rapidly growing personal care market. Polymer gel is mainly driven by the
demand from the personal care industry, as it has high absorbing capacity. The
demand for polymer gel is expected to grow owing to the rising growth in
various end-use industries in the Asia Pacific region.
Personal care was the largest
application category in 2016 and is expected to maintain fastest growth rate
over the forecast period. Agricultural applications are anticipated to grow at
a CAGR of 5.5% from 2017 to 2025.
Polymer gels are widely used in
manufacturing of diapers across the world. Rapidly expanding infant population
coupled with rising awareness regarding personal hygiene are contributing
towards demand for diapers. Moreover, rising participation of women in
workforce and increasing disposable income is also supplementing demand for
baby diapers, which in turn is driving the overall polymer gel market
demand.
U.S. polymer gel market volume
by application, 2014 - 2025 (Kilo Tons)
Browse full research report on
Polymer Gel Market
Further key findings from the
report suggest:
- The global
polymer gel demand reached 2,126 kilo tons in 2016 and is expected to grow
at a CAGR of 4.7% from 2016 to 2025. The key end-use industries include
personal care, construction, agriculture, drug delivery system, and waste
treatment.
- Personal care
emerged as the largest application segment in 2016 and this trend is
expected to continue over the forecast period. Polymer gel are widely used
in personal care products as they act as an effective absorbent for water
and other aqueous solutions. These products include baby & adult
diapers and female hygiene products.
- The U.S.
polymer gel market in personal care was 331.6 kilotons in 2016 and is
estimated to witness a lucrative growth over the forecast period. Robust
growth in construction industry, on account of ongoing recovery in
residential and commercial construction in the country, is expected to
propel market growth over the forecast period.
- The industry
in Asia Pacific is projected to witness substantial growth over the next
decade owing to various developments across major economies. The regional
market is expected to grow at a CAGR of 6.6% from 2017 to 2025. The
presence of various potential markets in the region such as Japan, China,
South Korea, and India is fueling the demand for personal care products.
- Key market
players include Saudi Arabian Amiantit Company, Enduro Composites, Inc.,
Ma’s Group Inc., FIMA Group Ltd., Sumitomo Seika Chemicals Co., Ltd,
Nippon Shokubai Co., Ltd., LG Chemicals Ltd., Evonik Industries, BASF
Corporation, Dow Chemicals and Chemxtex Speciality Limited.
About Grand View Research,
Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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