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Global Polymer Gel Market Overview:
A polymer gel is a type of gel that consists of a three-dimensional cross-linked polymer network that can undergo significant deformation. Polymer gels can be divided into two groups based on the type of solvent used hydrogels and non-aqueous gels in which a solution of an acid in a highly polar organic solvent is used.
Polymer gel systems composed of network polymer and solvent are a special state. Polymer gels can be obtained both by the setting solutions and by swelling a polymer in a solvent in which its solubility is limited.
Rapid industrialization in developed and developing economies and increasing demand from industrial sector, owing to various properties such as high absorbance are major factors expected to drive growth of the global market.
In addition, rising spending capacity, flourishing cosmetic sector, coupled with increasing demands from personal care industry in products such as sanitary products and diapers are some other factors expected to further support growth of the global market.
Moreover, increasing government expenditure on healthcare sector for R&D activities, coupled with growing demand form the pharmaceutical sector in order to increasing efficiency of medicine and reduce its side effect simultaneously are among other factors expected to boost growth of the global market.
In addition, rising adoption of smart farming techniques is another factor anticipates to increase the growth of the polymer gels market
However, fluctuating raw material prices is a major factor expected to hamper growth of the global market to certain extent.
Increasing adoption of products that are polymer based and are biodegradable in agricultural activities in order to save water are factor expected to create potential revenue opportunities in terms of revenue for players operating in the target market over the forecast period. Rising investment for R&D activities by major players is expected to further support growth of the market to certain extent.
Global Polymer Gel Market Segment Analysis:
Among raw material, PAA segment followed by silicon segment is expected to register significant growth in terms of revenue over the forecast period.
Global Polymer Gel Market Region Analysis:
North America is expected to dominate the global market and is expected to continue its dominance over the forecast period. The dominance can be attributed to increasing demand from various end use industries and presence of major players operating in the countries in this region.
The market in Asia pacific is expected to witness faster growth, owing to flourishing agriculture sector, coupled with increasing adoption of polymer from agriculture sector. In addition, increasing government expenditure on pharmaceutical sector and rising demand from pharmaceutical sector for R&D activities is another factor expected to further support growth of the target market in this region.
The market in Latin America is anticipated to witness faster growth, owing to increasing presence of major manufacturers in the countries such as Brazil and Argentina in this region.
Global Polymer Gel Market Segmentation:
By Raw Material:
- Pressed powder matrices
- Custom shapes
- Others (Particles, Amorphous gels, Solid molded forms, Panels, Tiles, and Soft gel capsules)
- Water treatment
- Cosmetics & personal care
- Building & construction
- Electrical & electronics.
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- LG Chem Ltd.
- Nippon Shokubai Co., Ltd.
- Archer Daniels Midland Company
- Cabot Corporation
- SNF Holding Company
- Aerogel Technologies, LLC
- BASF SE
- Evonik Industries AG
- Sumitomo Seika Chemicals Co., Ltd.
- Aspen Aerogels, Inc.
- Chemtex Speciality Limited
- Katecho, Inc.
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