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Polymer Gel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A3985
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Market Overview:
The global polymer gel market size reached US$ 48.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 69.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.
A polymer gel is an elastic cross-linked polymer network of three dimensions. It is a soft and wet material capable of undergoing large deformations like growing and shrinking in huge volumes. It undergoes deformation by external stimuli, such as the potential of hydrogen (pH), temperature, and ionic strength. It is primarily utilized in actuators, sensors, modulators for the delivery of drugs and keeping different polymers separated. Besides this, it is also utilized in robotics, petrochemicals, paints and coatings, and chemical manufacturing across the globe.
Polymer Gel Market Trends:
Significant increase in the utilization of polymer gel on account of its low tack, effective absorbent, and non-oily properties represents one of the key factors bolstering the market growth. It is also employed in the personal care and cosmetic sectors for preparing facial masks, mascaras, cuticle coats, and clear gels. Besides this, there is a considerable rise in the demand for polymer-based biodegradable products in the agricultural sector around the world for reducing the use of fertilizers, improving water retention quality of crops, and minimizing the overall cost of irrigation. Additionally, the growing implementation of smart farming techniques is contributing to the sales of polymer gel. Moreover, increasing product utilization in the robotics industry for the manufacturing of artificial muscles and robotic actuators is acting as another growth-inducing factor. Furthermore, the key players are focusing on developing newer technologies and improving the formulations of the final products. They are also heavily investing in research and development (R&D) activities, which is creating a favorable market outlook. Other major factors, including the increasing industrialization and rising spending capacity of the population, are anticipated to strengthen the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global polymer gel market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on raw material and application.
Breakup by Raw Material:
- Polyacrylic Acid
- Polyacrylamide
- Polyvinyl Alcohol
- Polyacrylonitrile
- Silicone
- Others
Breakup by Application:
- Personal Care
- Agriculture
- Construction
- Drug Delivery System
- Waste Treatment
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:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Ashland LLC, BASF SE, Chemtex Speciality Limited, Dow Inc, Evonik Industries AG, LG Chem, Nippon Shokubai Co. Ltd, Sanyo Chemical Industries Ltd. and SUMITOMO SEIKA CHEMICALS CO. LTD.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Raw Material, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | 3M Company, Ashland LLC, BASF SE, Chemtex Speciality Limited, Dow Inc, Evonik Industries AG, LG Chem, Nippon Shokubai Co. Ltd, Sanyo Chemical Industries Ltd. and SUMITOMO SEIKA CHEMICALS CO. LTD |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global polymer gel market was valued at US$ 48.8 Billion in 2022.
We expect the global polymer gel market to exhibit a CAGR of 6% during 2023-2028.
The rising utilization of polymer gel across various industries, such as robotics, petrochemicals, paints and coatings, etc., owing to its low tack, effective absorbent, and non-oily properties, is primarily driving the global polymer gel market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous production activities for polymer gel.
Based on the application, the global polymer gel market can be categorized into personal care, agriculture, construction, drug delivery system, and waste treatment. Currently, personal care accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market
Some of the major players in the global polymer gel market include 3M Company, Ashland LLC, BASF SE, Chemtex Speciality Limited, Dow Inc, Evonik Industries AG, LG Chem, Nippon Shokubai Co. Ltd, Sanyo Chemical Industries Ltd., and SUMITOMO SEIKA CHEMICALS CO. LTD.
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