The global water-soluble polymers market size was USD 38.70 Billion in 2020 and is expected to register a revenue CAGR of 5.9% during the forecast period. Water-soluble polymers have a wide range of industrial applications, such as pharmaceuticals, food, textiles, construction, paints, paper, water treatment, coatings, and adhesives, which is driving market revenue growth.
Water-soluble polymers dissolve, disperse, or swell in water, thereby modifying the physical properties of aqueous systems in the form of gelation, thickening, or emulsification/ stabilization. They are utilized in combination with other detergent components for optimum cleaning performance and costs. Water-soluble polymers are designed for use in cleaning applications with hard water conditions, high soil loadings, and moderate temperatures. They facilitate cleaning by dispersing particulate soils, sequestering mineral ions such as magnesium and calcium ions, and preventing re-deposition of soils.
Top Companies Operating in the Global Water-Soluble Polymers Market:
BASF SE, Ashland Global Specialty Chemicals Inc., Arkema S.A., DuPont, SNF Group, Kuraray Co., Ltd, Merck Group, Mitsubishi Chemical Corporation, LG Chem Ltd., and Kemira Oyj.
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Rising usage of water-soluble polymers, such as polysaccharides and protein-based polymers, in food and pharmaceutical industries is boosting revenue growth of the market. Protein-based films are gaining more popularity, especially in the field of food packaging, due to their nutritive values. Gelatin obtained from collagen is widely studied for its application in food packaging, and it is widely used in drug, food, and photographic film applications. Increasing use of polyvinyl alcohol for green packaging, coupled with government support for its manufacturing, are driving demand for water-soluble polymers in the packaging industry.
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
The adoption of digital technologies by oil, gas, and chemical firms has been fueled primarily by cost savings and greater reliability. Many organizations in these areas saw excellent benefits from advanced market sensing, improved operational optimization, and expanded usage of “in silico” simulations. Companies’ existing digital technologies provided an advantage with the abrupt entrance of COVID-19 and the accompanying shutdown of facilities and work sites, but they were often insufficient for the level of remote working and cybersecurity that was suddenly required.
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The Water-Soluble Polymers market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Water-Soluble Polymers market.
The global Water-Soluble Polymers market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Product Type Outlook:
- Polyacrylamide
- Polyvinyl Alcohol
- Guar Gum
- Gelatin
- Casein
- Polyacrylic Acid
- Others
Raw Material Outlook:
- Natural
- Synthetic
- Semi-Synthetic
End-Use Outlook:
- Water Treatment
- Oil & Gas
- Food
- Personal Care & Detergents
- Pharmaceuticals
- Pulp & Paper
- Others
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