The main characteristics for driving the growth of the polymer gel market globally is the three dimensional cross-linked polymer network structure of polymer gels that can also undergo significant deformation.
Pune, India -- (SBWIRE) -- 12/21/2018 -- The global market size for polymer gel surpassed a valuation of USD 11,300 Mn. The market is likely to expand with a 6.55% CAGR during the assessment period (2018-2023). This MRFR report provides actionable and value-focused insights on the global polymer gel market. It delivers a holistic perspective on the current market scenario by analyzing its historical growth as well as a forecast for the next five years. Users of this report will come across megatrends that are likely to influence the market during the assessment period.
Competitive Analysis and Key Players:
The market includes a substantial number of the well-known Tier-1 and Tier-2 companies, along with a considerable incidence of small and medium scale industries. The vital companies in this market are implementing collective approaches and business tactics to increase a significant revenue and market share. LG Chem Ltd., Evonik Industries AG, BASF SE, Nippon Shokubai Co., Ltd., Sumitomo Seika Chemicals Co., Ltd., Aspen Aerogels, Inc., Archer Daniels Midland Company, SNF Holding Company, KATECHO, INC., Cabot Corporation, Chemtex Speciality Limited, and Aerogel Technologies, LLC among others are a few of the important players functioning in the polymer gel market.
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Polymer gel has gained a significant amount of popularity because of its unique physiochemical properties. The liquid-like wet and soft material can undergo large deformation and is expected to find greater industrial application in the years to come. Increased demand for the product in the cosmetics & personal care industry has provided an impetus to the market and thereby attracting more investments. Also, the agricultural sector is expected present application opportunities to polymer gel in the forthcoming years. Nevertheless, the complex nature of the material coupled with the cost-intensive production process remains a major obstacle for market players.
Market revenue statistics based on types of polymer gels (hydrogel and aerogel) has been offered in the report. The scope of the discussion also covers amorphous, semi-crystalline, blanket, particle and monolith forms of polymer gel. Market sizing has been also considered on the basis of raw material types such as poly acrylic acid (PAA), poly vinyl alcohol (PVA), poly acrylonitrile (PAN) and silicon. Cosmetics & personal care, healthcare, oil & gas, agriculture, building & construction, water treatment, electrical & electronics are among the primary end use industries discussed in the report. The information available in the report is interlinked with performance of regional markets covering North America, Asia Pacific (APAC), Latin America and the Middle East & Africa (MEA).
Polymer Gel Market Research Methodology:
Considering the fact that market dynamics are constantly changing, we strive to analyzing every parameter that affects the market to provide clients with objective, intelligent and actionable insights. We use primary methods such as conducting surveys and primary interviews with top-level executives of the relevant industry which is validated and supported by secondary research including the use of credible sources such as white papers and SEC filings. Our systematic approach to market size estimation and validation includes both top-down and bottom-up approaches, allowing for the deduction of unique insights into the inner workings of the given market. Our passion for providing comprehensive market research data that meet client needs is reflected in our scientific approach and innovative use of advanced research tools.
Polymer Gel Market: Segmentation
MRFR's report offers a comprehensive segmental analysis of the global market for polymer gel:
By Raw Material-
Poly Acrylic Acid (PAA)
Poly Vinyl Alcohol (PVA)
Poly Acrylonitrile (PAN)
By End Use Industry-
Cosmetics & personal care
Oil & gas
Building & construction
Electrical & electronics
North America; The U.S., and Canada
Europe; Germany, Russia, the U.K, France, Spain, and Rest of the Europe
Asia Pacific (APAC); China, Japan, India, South Korea, and Rest of Asia Pacific
The Middle East & Africa (MEA); GCC and South Africa
Latin America; Brazil and Mexico
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The Polymer Gel Market covers regions around the world such as Europe, North America, Asia Pacific, Latin America, and Middle East & Africa.
The Asia Pacific region is expected to be the major market for polymer gel over forecast period. This is primarily due to the altering lifestyle of the people in this region and promising government policies implemented by the emerging economies i.e. China, India, and South Korea. India is expected to appear as a significant revenue pocket and a strong market for polymer gel in the review period due to growing emphasis of policymakers on refining health index of the people in their country.
Following the Asia Pacific region, the North American region is the next major region in this market. The Europe region is another considerable region in this market, after the North American region.
The Latin America and the Middle East & Africa region holds a relatively small share in this market.