Water Soluble Polymer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Water Soluble Polymer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A5490
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Market Overview:

The global water soluble polymer market size reached US$ 35.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 48.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.

Water soluble polymers are organic substances that dissolve, disperse or swell in water and alter the physical properties of the aqueous system in the form of gelation, thickening, or emulsification. They are used in cleaning applications with heavy soil loads, hard water, and moderate temperatures. Apart from this, they are utilized as dispersants, suspending agents, thickeners, stabilizers, coagulants, flocculants, film-formers, binders, humectants, and lubricants in aqueous media. As a result, water soluble polymers find applications in water treatment, food and beverage (F&B), personal care, oil and gas, pulp and paper, and pharmaceutical industries across the globe.

Global Water Soluble Polymer Market

Water Soluble Polymer Market Trends:

Presently, there is a rise in the utilization of water soluble polymers in water treatment plants to remove suspended solids or contaminants from the water. This, along with the growing demand for water soluble polymers in the oil and gas industry for cementing, fracturing, acidizing, controlling water production, preventing sand production, and clay stabilization represent one of the key factors driving the market. Moreover, there is an increase in the employment of water soluble polymers as additives to improve the performance of water-based fluids in proppant transport and loss of fluid in the formation. This, coupled with the rising application of water soluble polymers in well drilling, is propelling the growth of the market. In addition, key market vendors are extensively investing in research and development (R&D) activities to develop water-based emulsion polymers from biological resources for a clean environment. They are also focusing on synthesizing water soluble polymers from amino acids that can resist high temperatures, which is positively influencing the market. Besides this, the increasing employment of water soluble polymers in the pharmaceutical industry to dissolve drugs, which are not soluble in water and reduce blood viscosity, is bolstering the growth of the market.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global water soluble polymer market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, raw material type, and end use industry.

Breakup by Type:

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • Polyacrylamide
  • Polyvinyl Alcohol
  • Guar Gum
  • Gelatin
  • Xanthan Gum
  • Polyacrylic Acid
  • Polyethylene Glycol
  • Others
     

Breakup by Raw Material Type:

  • Synthetic
  • Natural
  • Semi-Synthetic
     

Breakup by End Use Industry:

  • Water Treatment
  • Food and Beverage
  • Personal Care and Hygiene
  • Oil and Gas
  • Pulp and Paper
  • Pharmaceutical
  • Others
     

Breakup by Region:

 

 
 

 

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  • 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 Arkema S.A., Ashland Inc., BASF SE, Dow Inc., DuPont de Nemours Inc., J.M. Huber Corporation, Kemira Oyj, Kuraray Co. Ltd., Merck KGaA, Mitsubishi Chemical Holdings Corporation, SNF and Sumitomo Seika Chemicals Company 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 Type, Raw Material Type, End Use Industry, 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 Arkema S.A., Ashland Inc., BASF SE, Dow Inc., DuPont de Nemours Inc., J.M. Huber Corporation, Kemira Oyj, Kuraray Co. Ltd., Merck KGaA, Mitsubishi Chemical Holdings Corporation, SNF and Sumitomo Seika Chemicals Company Ltd.
Customization Scope 10% Free Customization
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Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global water soluble polymer market was valued at US$ 35.8 Billion in 2022.

We expect the global water soluble polymer market to exhibit a CAGR of 4.9% during 2023-2028.

The rising demand for water soluble polymers in the oil and gas industry for cementing, fracturing, acidizing, controlling water production, etc., is primarily driving the global water soluble polymer 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 closure of numerous end use industries for water soluble polymer.

Based on the type, the global water soluble polymer market can be segmented into polyacrylamide, polyvinyl alcohol, guar gum, gelatin, xanthan gum, polyacrylic acid, polyethylene glycol, and others. Currently, polyacrylamide holds the majority of the total market share.

Based on the raw material type, the global water soluble polymer market has been divided into synthetic, natural, and semi-synthetic. Among these, synthetic currently exhibits a clear dominance in the market.

Based on the end use industry, the global water soluble polymer market can be categorized into water treatment, food and beverage, personal care and hygiene, oil and gas, pulp and paper, pharmaceutical, and others. Currently, the water treatment industry 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 water soluble polymer market include Arkema S.A., Ashland Inc., BASF SE, Dow Inc., DuPont de Nemours Inc., J.M. Huber Corporation, Kemira Oyj, Kuraray Co. Ltd., Merck KGaA, Mitsubishi Chemical Holdings Corporation, SNF, and Sumitomo Seika Chemicals Company Ltd.

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Water Soluble Polymer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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