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Polymer Gel Market to witness a massive upsurge over 2019 - 2024

Author : Rahul Varpe | Published Date : 2019-05-07 

Global Market Insights provides a detailed overview of Polymer Gel market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Polymer Gel market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report. 

Extending its reach across a wide-ranging application spectrum including medical, personal care and cosmetics, and food processing sectors, polymer gel market share has been witnessing a massive upsurge over the last decade. Polymer gels, prominently divided into hydrogels and aerogels, have been gaining significant traction across the globe owing to their robust absorption capacities and unique deformation characteristics which befit the requirements of a diverse set of end-users. In fact, as per reliable estimates, the overall polymer gel industry lapped up a total remuneration of about USD 38 billion in the year 2016, which demonstrates the lucrative growth opportunities in this business sphere.

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Rising super absorbent polymer (SAP) hydrogel demand in agricultural applications will be another major factor propelling the crosslink gel market by 2024. SAP amended soils have high nitrification, better nutrient release, reduced bacterial and microflora content. The SAP demand shall be credited to their characteristics such as: soil quality improvisation, water saving, reduced fertilizer usage, decreased irrigation frequency.

Aerogels are projected to see the fastest rise in the overall polymer gel market during the forecast timeframe. The distinguished properties of aerogels such as: corrosion resistance, less space requirement and stability in diverse temperature range will divert the industry preference to aerogels over the conventional media of insulation by 2024.

One of the pivotal factors to have fostered the growth potential of the overall polymer gel market is the rapid pace of technological innovations being observed with regards to hydrogels utilized in the medical sector. Various renowned universities, research institutions, and private entities have been investing heavily in research and development schemes to enhance existing product portfolio of the global polymer gel industry.

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In 2016, personal care & hygiene applications had over 50% share in crosslink gel market. Polymer gel applications entailed in this area have been: adult incontinence care, feminine care products, baby diapers, etc. One of the key trends in this area is China's official implementation of "two-child' policy in October 2015. China is thus expected to witness increased consumption of baby care products including diapers, due to increase in infant population in the near future. This will substantially stimulate the demand for SAP hydrogels, thereby boosting the crosslink gel market by 2024.

Aerogels will lead to significant demand with the CAGR above 8% for the insulation in oil & gas in the next 7 years. Space exploration will be another key area for growth of aerogels. These polymer gels have been used as thin and flexible insulation for cryogenic insulation, space shuttle, space suits, etc.

Key manufacturers in crosslink polymer gel market are: Paul Hartmann, BASF, ADM, Nippon Shokubai, Evonik, Buhler AG, SNF Holding Company, Cooper Company, Ashland, ConvaTec Healthcare, Active Aerogels, Aspen, Cabot Corporation, JIOS Aerogel, Aerogel UK, etc.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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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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