The global polymer gel market is expected to grow at a CAGR of around 5% during 2021-2026.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
A polymer gel is an elastic cross-linked polymer network of three dimensions. It is a soft and wet material capable of undergoing large deformations like growing and shrinking in huge volumes. It undergoes deformation by external stimuli, such as the potential of hydrogen (pH), temperature, and ionic strength. It is primarily utilized in actuators, sensors, modulators for the delivery of drugs and keeping different polymers separated. Besides this, it is also utilized in robotics, petrochemicals, paints and coatings, and chemical manufacturing across the globe.
Polymer Gel Market Trends: Significant increase in the utilization of polymer gel on account of its low tack, effective absorbent, and non-oily properties represents one of the key factors bolstering the market growth. It is also employed in the personal care and cosmetic sectors for preparing facial masks, mascaras, cuticle coats, and clear gels. Besides this, there is a considerable rise in the demand for polymer-based biodegradable products in the agricultural sector around the world for reducing the use of fertilizers, improving water retention quality of crops, and minimizing the overall cost of irrigation. Additionally, the growing implementation of smart farming techniques is contributing to the sales of polymer gel. Moreover, increasing product utilization in the robotics industry for the manufacturing of artificial muscles and robotic actuators is acting as another growth-inducing factor. Furthermore, the key players are focusing on developing newer technologies and improving the formulations of the final products. They are also heavily investing in research and development (R&D) activities, which is creating a favorable market outlook. Other major factors, including the increasing industrialization and rising spending capacity of the population, are anticipated to strengthen the market growth.
Key Market Segmentation: the analyst provides an analysis of the key trends in each sub-segment of the global polymer gel market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on raw material and application.
Breakup by Raw Material: Polyacrylic Acid Polyacrylamide Polyvinyl Alcohol Polyacrylonitrile Silicone Others
Breakup by Application: Personal Care Agriculture Construction Drug Delivery System Waste Treatment
Breakup by Region: 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 3M Company, Ashland LLC, BASF SE, Chemtex Speciality Limited, Dow Inc, Evonik Industries AG, LG Chem, Nippon Shokubai Co. Ltd, Sanyo Chemical Industries Ltd. and SUMITOMO SEIKA CHEMICALS CO. LTD. Key Questions Answered in This Report: How has the global polymer gel market performed so far and how will it perform in the coming years? What has been the impact of COVID-19 on the global polymer gel market? What are the key regional markets? What is the breakup of the market based on the raw material? What is the breakup of the market based on the application? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global polymer gel market and who are the key players? What is the degree of competition in the industry?
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