×
Request Free Sample ×

Kindly complete the form below to receive a free sample of this Report

Leading companies partner with us for data-driven Insights

clients tt-cursor
Hero Background

Polymer Gel Market

ID: MRFR/CnM/4518-CR
100 Pages
Chitranshi Jaiswal
July 2018

Polymer Gel Market Research Report Information: by type (hydrogel, aerogel), forms (particle forms, amorphous gel, sheets, solid molded forms, blankets), raw material (PVA, PAA, PAN, PAM, silicone), end-use industry (cosmetics & personal care, healthcare, agriculture, water treatment, building & construction, chemical, electrical & electronics), and region – Forecast till 2035

Share:
Download PDF ×

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Polymer Gel Market Infographic
Purchase Options

Polymer Gel Market Summary

As per Market Research Future Analysis, the Global Polymer Gel Market is projected to exceed USD 55 billion by 2030, with a CAGR of 6% from 2022 to 2030. Polymer gels, also known as aerogels, are utilized across various industries including personal care, medical, and oil and gas due to their unique properties. They are essential in applications such as waste management, drug delivery, and agriculture. However, challenges such as raw material price volatility and complex synthesis processes may hinder growth. The COVID-19 pandemic disrupted supply chains, affecting market dynamics. Despite these challenges, advancements in production and increasing investments in healthcare and agriculture present significant growth opportunities.

Key Market Trends & Highlights

Key trends driving the polymer gel market include increasing applications and technological advancements.

  • Market value in 2019: USD 39 billion; expected to surpass USD 55 billion by 2024.
  • Asia-Pacific region holds over 40% market share during the forecast period.
  • Increasing demand for superabsorbent polymers in agriculture and medical applications.
  • Emerging key players and innovations in biodegradable products are expected to boost market growth.

Market Size & Forecast

Current Market Size USD 39 Billion
Expected Market Size by 2030 USD 55 Billion
CAGR 6%

Major Players

3M, Smith & Nephew, BASF, Coloplast, Cardinal Health, KAO Corporation, Hydrogel Healthcare Ltd., SILIPOS Holding LLC, B. Braun Melsungen AG, Medtronic Inc., LG Chem Ltd., Sanyo, Alliqua Biomedical Inc., Formosa Plastics Corporation, Medline Industries Inc., Cooper Company, Ashland, Hollister

Polymer Gel Market Drivers

Growth in Agricultural Applications

The Global Polymer Gel Market Industry is significantly influenced by the agricultural sector, where polymer gels are utilized for water retention and soil conditioning. These gels enhance soil structure and improve moisture retention, which is crucial for sustainable agriculture. As global agricultural practices evolve towards more efficient water usage, the adoption of polymer gels is expected to rise. This trend is particularly relevant in arid regions where water scarcity is a pressing issue. The increasing focus on sustainable farming practices suggests that the Global Polymer Gel Market Industry will see a steady growth, contributing to the overall market value projected to reach 73.6 USD Billion by 2035.

Rising Demand in Healthcare Applications

The Global Polymer Gel Market Industry experiences a notable surge in demand due to its extensive applications in the healthcare sector. Polymer gels are increasingly utilized in drug delivery systems, wound care products, and tissue engineering. For instance, hydrogels are employed in advanced wound dressings that promote healing and reduce infection risks. As the global healthcare expenditure continues to rise, projected to reach 55 USD Billion in 2024, the demand for innovative polymer gel solutions is likely to increase. This trend indicates a robust growth trajectory for the Global Polymer Gel Market Industry, particularly in biocompatible and biodegradable materials.

Technological Advancements in Material Science

Innovations in material science are propelling the Global Polymer Gel Market Industry forward. The development of new polymer formulations and crosslinking techniques enhances the performance characteristics of polymer gels, making them more versatile for various applications. For example, advancements in smart hydrogels that respond to environmental stimuli are gaining traction in sectors such as drug delivery and biosensors. These technological improvements not only expand the application range but also increase the market's attractiveness to investors. As a result, the Global Polymer Gel Market Industry is poised for growth, with a projected CAGR of 2.68% from 2025 to 2035, reflecting the ongoing evolution in polymer technology.

Expansion of the Cosmetics and Personal Care Sector

The Global Polymer Gel Market Industry benefits from the expansion of the cosmetics and personal care sector, where polymer gels are widely used in formulations for skincare, haircare, and makeup products. These gels serve as effective thickeners, stabilizers, and moisturizers, enhancing product performance and consumer experience. The increasing demand for innovative and high-quality personal care products is driving manufacturers to incorporate polymer gels into their formulations. As the global cosmetics market continues to grow, the Global Polymer Gel Market Industry is likely to experience a corresponding increase in demand, further solidifying its position in the market.

Increasing Consumer Awareness of Eco-Friendly Products

The Global Polymer Gel Market Industry is witnessing a shift towards eco-friendly products, driven by increasing consumer awareness regarding environmental sustainability. Biodegradable polymer gels are gaining popularity as consumers seek alternatives to traditional materials that contribute to pollution. This trend is particularly evident in packaging and personal care products, where sustainable options are becoming a priority. As manufacturers respond to this demand by developing greener polymer gel solutions, the market is likely to expand. The emphasis on sustainability aligns with global initiatives aimed at reducing plastic waste, thereby enhancing the growth potential of the Global Polymer Gel Market Industry.

Key Companies in the Polymer Gel Market market include

Industry Developments

In the year 2020, one of the leading market players, BASF had brought in a new version of polymer gel that is named Luviset 360, which is considered as the new styling polymer and is designed especially for humid regions.

In the year 2020, one of the leading market players, Evonik had stated that they were exploring the characteristics of superabsorbent polymers.

Future Outlook

Polymer Gel Market Future Outlook

The Global Polymer Gel Market is projected to grow at a 2.68% CAGR from 2024 to 2035, driven by advancements in healthcare, agriculture, and consumer products.

New opportunities lie in:

  • Develop biodegradable polymer gels for sustainable packaging solutions.
  • Innovate in drug delivery systems utilizing polymer gels for enhanced efficacy.
  • Expand applications in agriculture for water retention and soil conditioning.

By 2035, the Global Polymer Gel Market is expected to achieve substantial growth, reflecting evolving industry demands and innovations.

Report Scope

Report Attribute/Metric Details
  Market Size   2030: USD 55 Billion
  CAGR   6.55% (2022-2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Raw Material, Form and End Use Industry
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   BASF SE, LG Chem Ltd., Evonik Industries AG, Nippon Shokubai Co., Ltd., SUMITOMO SEIKA CHEMICALS CO., LTD., Archer Daniels Midland Company, Aspen Aerogels, Inc., Cabot Corporation, Chemtex Speciality Limited, SNF Holding Company, KATECHO, INC., and Aerogel Technologies, LLC
  Key Market Opportunities   The agricultural sector is expected present application opportunities to polymer gel in the forthcoming years.
  Key Market Drivers   Increased demand for the product in the cosmetics & personal care industryhttps://www.marketresearchfuture.com/reports/china-cosmetics-personal-care-ingredients-market-6105

Market Highlights

Author
Chitranshi Jaiswal
Research Analyst Level I

In her 3 years of experience in the market research field, she has handled critical cross-domain projects. She has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.She holds an engineering degree and is an MBA professional from a well-known university, capable of evaluating the market and competitive conditions. An exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. Proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. Generated business through active client and project development, networking, and high-quality responses. Her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.

Leave a Comment

FAQs

What was the polymer gel market valuation in 2035?

In 2035, the valuation was USD 11,357.2 million.

What would be the valuation of the polymer gel market by 2035?

The polymer gel valuation would be USD 16,312.5 million.

What is the market size of the polymer gel industry?

The market value of the polymer gel industry was at USD 39 billion in the year 2019 and it is expected to surpass the market value of over USD 55 billion by the year 2024 while registering a CAGR of 6% during the forecast period.

What would be the valuation of the polyacrylic acid by 2035?

The valuation would reach USD 7.83 billion.

Which form would dominate the polyacrylic acid market?

The amorphous segment would have the upper hand in the market.

What are the common raw materials used?

• Poly Acrylic Acid • Poly Vinyl Alcohol

Download Free Sample

Kindly complete the form below to receive a free sample of this Report

Compare Licence

×
Features License Type
Single User Multiuser License Enterprise User
Price $4,950 $5,950 $7,250
Maximum User Access Limit 1 User Upto 10 Users Unrestricted Access Throughout the Organization
Free Customization
Direct Access to Analyst
Deliverable Format
Platform Access
Discount on Next Purchase 10% 15% 15%
Printable Versions