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Polymer Gel Market Growth & Forecast 2018-2024 by Top Manufacturers – 3M, Smith & Nephew, BASF, Coloplast, Cardinal Health, KAO Corporation, Hydrogel Healthcare Ltd

Polymer gel market is projected to witness significant demand in medical industry by 2024. Hydrogels, which led the polymer (crosslink) gels industry in 2016, have been achieving rising popularity in drug delivery system, wound care, contact lenses, cosmetic surgeries and tissue engineering

Posted: Tuesday, January 08, 2019 at 6:08 AM CST

Sellbyville, DE -- (SBWire) -- 01/08/2019 --The qualitative research study conducted by Global Market Insights, Inc. titled "Polymer Gel Market" provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the Global Polymer Gel Market.

Polymer Gel Market Size will surpass USD 55 billion by 2024. Polymer gel market is projected to witness significant demand in medical industry by 2024. Hydrogels, which led the polymer (crosslink) gels industry in 2016, have been achieving rising popularity in drug delivery system, wound care, contact lenses, cosmetic surgeries and tissue engineering. Hydrogels have been used in moist dressings, as components of pastes for wound care and as debriding agents. Their high-water content allows vapor and oxygen transmission in various wounds & burns.

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Personal care & hygiene sector contributed to more than 50% share in global polymer gel market in 2016. Crosslink gel applications in this sector have been majorly in feminine care products, adult incontinence care products and baby diapers. Population escalation across the globe, rising living standards in the emerging economies, ageing population particularly in Japan and China will be some factors facilitating the scope for crosslink gels in personal care segment.

Rising needs of sustainability will encourage the crosslink gel applications in various environmental applications. Hydrogels are having rising demand in industrial wastewater treatment, waste solidification in oil & natural gas drilling fluid & drilling mud, etc. Aerogels are used in filtration applications, for instance, in water filters to remove Naphta products (crude oil); in antimicrobial air filters for ventilators, etc. These traits present brighter growth aspects for polymer gel market in environmental applications in the near future.

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The processes for liquefaction and gasification of liquefied natural gas (LNG) have been the challenging services demanding industrial thermal insulation. Polymer gel market from aerogels products are projected to hold substantial demand with CAGR over 8% for insulation application in oil & gas industry by 2024.

Space exploration is estimated to be a significant area of growth for aerogels by 2024. Aerogels are used as flexible, thin insulation in space suits, cryogenic insulation in space shuttle, etc.

North America polymer gel market led the demand for aerogels in 2016 holding high share above 40% and is estimated to follow the similar trend by 2024. Hydrogels industry was led by Asia Pacific in 2016, which will also to see robust demand by 2024.

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Major manufacturers in polymer gel market include: BASF, Paul Hartmann, ADM, Evonik, Nippon Shokubai Co. Ltd., Buhler AG, ConvaTec Healthcare, SNF Holding Company, Chemical Industries, Ltd., Aspen Aerogels, Active Aerogels, Cabot Corporation, Aerogel UK Ltd, JIOS Aerogel, etc.

About Global Market Insights:
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.