3rd January 2020 – Global Water
Soluble Polymer Market Research Report Presents Intellect by Leading
Players, Type, Applications, Distribution Channel, Consumption, Revenue (Mn/Bn
USD) and Region –Forecast to 2022.
The global Water Soluble Polymer Market
size is expected to value at USD 43.79 billion by 2022. The market is subject
to witness a substantial growth due to the rise in the number of application of
water soluble polymers in drilling, enhanced oil recovery, mining, wastewater
treatment, and food. Increasing adoption of water-soluble polymers as
stabilizing agents, thickeners, film formation agent, emulsifiers, rheology
modifiers, lubricity aids, and conditioners, are expected to fuel market demand
for water soluble polymers over the forecast period. Globally, the water
soluble polymers industry is predicted to grow at higher CAGR in the forecast
period, providing numerous opportunities for market players to invest for
research and development in the water soluble polymers market.
Water soluble polymers are vital for
production of various household products, detergents, personal care, and paints
& coatings. Increasing adoption of water soluble polymers in food &
beverages industry, building & construction industry and pharmaceuticals as
a stabilizing agents, thickeners, film formation agent are anticipated to fuel
the growth of water soluble polymers industry over the forecast period.
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Growing use of polyvinyl alcohol in
green packaging along with favorable government laws & regulations are
expected to boost market expansion over the next seven years. Some of important
properties of water soluble polymers include quick drying, mild odor,
inflammable, and environment-friendly nature. These factors are expected to
amplify market performance in the near future.
Substantial investment by prominent
industry participants such as SNF Group, China National Petroleum Corporation,
BASF SE and Beijing HengjuCo., Ltd., in research & development is
propelling market demand for water soluble polymers. Significant rise in
overall production of shale gas and wet shale gas, particularly in developed
economies across the globe such as the U.S., Algeria and Australia is estimated
to escalate market growth in the near future. However, volatility in cost of
raw material and their availability are some of the key challenges for industry
growth the next seven years. Additionally, rising concerns in regards to
adverse environment effect are hindering market growth to a certain extent.
The water soluble polymer market is
broadly categorized into six major segments based on the application type such
as water treatment industry, food& beverages industry, personal care &
detergents sector, oil & gas industry, pulp & paper industry, and
pharmaceuticals sector. The water treatment industry is considered as one of the
fastest growing segment in the market with substantial revenue generation in
the last few years. Growing popularity of water soluble polymers in the water
treatment segment is attributed to the favorable government policies and rising
ecological concerns. The oil & gas industry segment has also witnessed
substantial growth owing to the growing shale gas production.
The water soluble polymers industry is
divided by region as North America, Europe, Asia-Pacific, Latin America and
Africa. North America has shown major growth in recent years owing to the rise
in the implementation of latest technologies in pharmaceutical and food &
beverages industry, rapid growth in shale gas manufacturing, and existence of
well-established industrial infrastructure in the region.
Asia-Pacific region is predicted to hold
major market share in the water soluble polymers market with massive growth in
forecast period. Countries such as India, China and Singapore are leading the
Asia-Pacific market with rapid growth in industries including personal care,
food & beverages and pharmaceuticals sector, strong economic growth in the
region, growing infrastructure development expenditure, and significant
investment by leading industry players considering potential growth
opportunities in the region.
The key players in the water soluble
polymer industry are Ashland Inc., Arkema S.A., E. I. du Pont de Nemours and
Company, The Dow Chemical Company, BASF Group AG, , Gantrade Co., Nitta
Gelatin, Inc., Kuraray Co., Ltd., SNF Group Ltd., Kemira Oyj, AkzoNobel N.V.,
Gelita AG, Shandong polymers Bio-chemicals Co., Ltd., Sumitomo Seika Chemicals
Company, and CP Kelco, Inc.
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