According to the latest report by IMARC Group, "Global Water Soluble Polymer Market Growth, Share, Size, Industry Trends, Opportunity and Forecast 2022-2027", the global water-soluble polymer market reached a value of US$ 33.77 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 45.88 Billion by 2027, exhibiting a CAGR of 5.10% during 2022-2027.
Water soluble polymers are substances that dissolve, disperse or swell in water and modify the physical properties of the aqueous system in the form of thickening, emulsification, or gelation. They are utilized for cleaning applications with heavy soil loads, moderate temperatures and hard water. They also find applications as suspending agents, dispersants, stabilizers, thickeners, coagulants, flocculants, binders, film formers, humectants and lubricants in an aqueous medium. As a result, water soluble polymers aid in water treatment, food and beverages (F&B), personal care, oil and gas, pulp and paper and pharmaceutical industries all over the world.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Water Soluble Polymer Market Trends:
The primary factor driving the market is the rising usage of water-soluble polymers in water treatment plants to remove suspended soil or contaminants from the water. Along with this, water-soluble polymers are also utilized in the oil and gas industry for fracturing, controlling water production, cementing, acidizing, preventing sand production and clay stabilization.
Additionally, water-soluble polymers are gaining traction as additives to enhance the performance of water-based fluids in proppant transport of loss and fluid in the formation. Furthermore, the pharmaceutical industry is widely using these substances to dissolve drugs, which are insoluble in water and reduce blood viscosity.
Moreover, key players are extensively investing in research and development (R&D) activities with the intent to develop water-based emulsion polymers from biological resources for a clean environment. This, coupled with their focus on synthesizing water soluble polymers from amino acids that can withstand high temperatures, is also propelling the market growth.
Global Water-Soluble Polymer Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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The report has segmented the market on the basis of region, type, raw material type, and end use industry.
Breakup by Type:
Breakup by Raw Material Type:
Breakup by End Use Industry:
Breakup by Geography:
Key highlights of the report:
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