Global Water Soluble Polymers Market Report, published by Variant Market Research, forecast that the global market is expected to reach $61 billion by 2025 from $38 billion in 2017; growing at a CAGR of 6.1% from 2017 to 2025. By geography, Asia-Pacific, and RoW are expected to grow at a CAGR of 7.5% and 6.4%, respectively, during the forecast period. Water soluble polymers are organic substances used in various applications including water treatment, paper, food processing, enhanced oil & natural gas recovery, detergents, pharmaceuticals, textiles, and petroleum production.
Water Soluble Polymers Market (By Material Type:Synthetic, Natural, and Mixed; By Physical Form: Emulsion, Powder, and Solutions; By End Use Industry: Food Processing Industry, Mining Industry, Paper Industry, Petrochemical and Oilfield Industry, Personal Care Industry, Textile Industry, Water Treatment, and Other Industries;By Geography: North America, Europe, Asia-Pacific and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 – 2025
Growing water treatment plants across the globe to drive the growth of the global market
The factors supporting growth of the global water soluble polymers market are rapid urbanization coupled with growing water and wastewater treatment plants, mounting application of water soluble polymers in many end use industries, growing use in petroleum exploration activities, and high demand from emerging countries. However, the adverse health & environmental impact of synthetic polymers may act as a restraint for the growth of the market. Moreover, introduction of bio-based acrylamide would provide several growth opportunities for the market in the future years.
Material type, physical foam, end use industry, and geography are the major segments considered in the global water soluble polymers market. By material type, the market is bifurcated into synthetic, natural, and mixed. By physical foam, the market is categorized into emulsion, powder, and solutions. End use industry includes food processing industry, paper industry, mining industry, petrochemical and oilfield industry, personal care industry, textile industry, water treatment, and other industries. By geography, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America covers the U.S., Canada, and Mexico. UK, Germany, and Rest of Europe are analyzed under the European market. China, India, and Rest of Asia-Pacific are included under the Asia-Pacific market while RoW is bifurcated into South America, Middle East, and Africa.
Synthetic accounted for the largest market share in thematerial type segment
Synthetic accounted for the largest market share in 2017, in the material type segment, and are expected to continue its dominance during the forecast period 2017 – 2025. The growth is attributed to high use of synthetic water soluble polymers in many waste water treatment processes. These are widely used to dewater sludge in treating several types of wastewater.
Solutions accounted for the largest market share in thephysical formsegment
Solutions accounted for the largest market share in 2017, in the material type segment, and are expected to continue its dominance during the forecast period 2017 – 2025. The growth is attributed to high utilization of solutions of water soluble polymers in variety of end use industries.
Water treatment accounted for the largest market share in theend use industry segment
Water treatment accounted for the largest market share in 2017, in the physical form segment, and is expected to continue its dominance during the forecast period 2017 – 2025. The growth is attributed to growing ecological concerns coupled with execution of strict environmental standards in many countries such as U.S., Germany, China, and the UK. Environmental rules regarding drinking water purity & wastewater discharge stimulate the usage of synthetic polymers.
Asia-Pacific dominated the global market with highest market share over the forecast period
Asia-Pacific dominated the global market with largest market share of 35.6% in 2017 and expected to continue its dominance during the forecasted period. The growth is attributed to growing food & beverages, and development of personal care and pharmaceuticals industry in India, China, and Indonesia. Growth in waste water treatment industry in India due to supportive government policy supporting private investments in projects is also expected to stimulate demand.
The major players operating in the market are Nitta Gelatin Inc., Arkema SA, Ashland, E. I. du Pont de Nemours and Company, The Dow Chemical Company, BASF SE, SNF Group, Kemira Oyj, Kuraray Co., Ltd., and LG Chem Ltd., among others.