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Polymer Gel Market Expected To Grow At A Highest CAGR Over The Forecast Timeframe

Author : Rahul Varpe | Published Date : 2019-06-20 

The Polymer Gel Market report Added by Global Market Insights, enumerates information about the industry in terms of market share, market size, revenue forecasts, and regional outlook. The report further illustrates competitive insights of key players in the business vertical followed by an overview of their diverse portfolios and growth strategies.

Polymer gel market is slated to collect a revenue of USD 55 billion by the end of 2024. At present, polymer gels are becoming more popular for several medical purposes such as cosmetic surgeries, contact lenses, wound care, tissue engineering, and drug delivery systems. Increasing use of hydrogels in moist dressing creams as a debriding agent for wound care will fuel polymer gel industry size over the forecast years. 

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According to a new research report by Global Market Insights, Inc. Polymer Gel Market Size will surpass USD 55 billion by 2024.

In 2016, personal care and hygiene applications accounted for 50% of polymer gel industry share, given that crosslink gel is prominently used in most of the personal care and cosmetic products such as baby diapers, adult incontinence and feminine care products. Increasing use of crosslink gel in personal care products along with enhanced living standards will drive product demand over the coming timeframe. In addition, the rising elderly population mainly across Asia Pacific region including China and Japan is slated to fuel the demand for personal care and hygienic products. 

The raw material landscape of polymer gel market comprises aerogels and hydrogels, aerogels among which has been witnessing relatively higher demand. Over the coming years, aerogels will contribute considerably to polymer gel industry share pertaining to its notable characteristics such as corrosion resistance, compact size, and uniform performance in high-temperature environment. In addition, aerogels are also preferred for filtration purposes.

In addition, WHO predicts that by 2020, the proportion of geriatric populace is likely to increase tremendously as compared to the young generation, which will augment the product demand. The proposed healthcare plans of regional governments regarding quality treatment and enhanced care are also slated have a positive influence on polymer gel market share.

Subject to the increasing use of aerogel for insulation purposes across the oil & gas industry, aerogel-based polymer gel market will register an annual growth rate of more than 8% over 2016-2024. Hydrogel-based polymer gel industry, on the other hand, has also been witnessing considerable demand, pertaining to the material’s deployment for industrial wastewater treatment plants and waste solidification process in oil & gas industries.

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Regionally, North America polymer gel industry has been forecast to generate considerable revenue by the end of 2024. In 2016 alone, North America covered 40% of the overall polymer gel market share.

The competitive landscape of polymer gel market is inclusive of SNF Holding Company Inc., Archer Daniels Midland, BASF, Bühler AG, Cabot Corporation, Evonik Industries, ConvaTec Healthcare, Aspen Aerogels, Paul Hartmann, JIOS Aerogel, Nippon Shokubai Co. Ltd, Aerogel UK Ltd., and Active Aerogels.

Read More @ https://www.marketwatch.com/press-release/Polystyrene-PS-expanded-polystyrene-EPS-market-Expected-To-Grow-At-A-Highest-CAGR-Over-The-Forecast-Timeframe-2019-06-18

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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