According to the latest report by IMARC Group "Polymer Gel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global polymer gel market size reached US$ 46.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 65.8 Billion by 2027, exhibiting a growth rate (CAGR) of 6.07% during 2022-2027.
A polymer gel is a soft and wet material that can undergo considerable deformation by external stimuli like temperature, ionic strength, and the potential of hydrogen (pH). It is mainly used in sensors, actuators, and modulators for drug delivery and keeping different polymers separated. Apart from this, it also finds application in robotics, petrochemicals, chemical manufacturing, and paints and coatings around the world.
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Market Trends:
The rising utilization of polymer gel due to its low tack, absorbent, and non-oily properties represents one of the major factors strengthening the growth of the market. It is also used in personal care and cosmetic products like facial masks, mascaras, cuticle coats, and clear gels. Furthermore,there is a significant rise in the demand for polymer-based biodegradable to reduce the use of fertilizers, improve water retention quality of crops, and minimize the overall cost of irrigation. Besides this, leading players are introducing newer technologies and improving existing formulations to expand their market share.
Breakup by Raw Material:
- Polyacrylic Acid
- Polyacrylamide
- Polyvinyl Alcohol
- Polyacrylonitrile
- Silicone
- Others
Breakup by Application:
- Personal Care
- Agriculture
- Construction
- Drug Delivery System
- Waste Treatment
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- 3M Company
- Ashland LLC
- BASF SE
- Chemtex Speciality Limited
- Dow Inc
- Evonik Industries AG
- LG Chem
- Nippon Shokubai Co. Ltd
- Sanyo Chemical Industries Ltd.
- SUMITOMO SEIKA CHEMICALS CO. LTD.
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