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
- Polyvinyl Alcohol
Breakup by Application:
- Personal Care
- Drug Delivery System
- Waste Treatment
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
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.
|Base Year of the Analysis
||Raw Material, Application, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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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