The rising demand from oil & gas industry for reducing the hydrate formation in the oil pipelines will further complement the global water soluble polymer market size during the forecast timeframe.
Sellbyville, DE -- (SBWIRE) -- 12/06/2018 -- The qualitative research study conducted by Global Market Insights, Inc. titled "Water Soluble Polymer 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 Water Soluble Polymer Market.
Water Soluble Polymer Market size will exceed USD 38 billion by 2024; according to a new research report by Global Market Insights, Inc.High growth in consumption in the water treatment industry will augment the demand for these products throughout the forecast years. The rising demand from oil & gas industry for reducing the hydrate formation in the oil pipelines will further complement the global water soluble polymer market size during the forecast timeframe.
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The recent years have witnessed the occurrence of conclusive alliances in the water soluble polymer market, primarily on account of the fact that companies partaking in this business space seem intent on extending their product portfolio that may be imperatively used across industrial spheres along the likes of detergents & household products, petroleum, water treatment, oil and gas, and paper making.
The recent partnership between the life sciences giant, Pressure Biosciences Incorporation, and Phasex Corporation, a major biotech firm, is an exemplification of the numerous developments that water soluble polymer market is currently being defined by. The collaboration has been intended toward integrating Pressure Biosciences' ultra shear technology with the latter's supercritical fluid-based processing methods in order to develop stable water-soluble Nanoemulsion-based delivery systems for nutraceuticals. Considering Phasex Corp's expertise in fractionating a wide range of polymers, it has been predicted that its alliance with Pressure Biosciences would prove lucrative for the company to further strengthen its stance in water soluble polymer industry.
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Water soluble polymers are widely used in petroleum, water treatment, paper making, and detergents & household product sectors. Water soluble polymer industry size from the water treatment domain, in particularly, is expected to emerge as a rather lucrative end-use sector. Estimates claim water soluble polymer market share from water treatment to accrue a CAGR of 6% over the coming seven years. This growth rate may be driven by global awareness pertaining to water-pollution, which has resulted in the implementation of strict legislations against wastewater production.
Despite the technological innovations favoring the growth of water soluble polymer market, oscillations in raw materials costs may hamper the business development in the ensuing years. Moreover, environmentalists claim that the product may adversely impact the ecological balance and human health, which may further inhibit the growth graph of this industry. Companies partaking in water soluble polymer industry share, in response, have been undertaking tremendous efforts to brainstorm novel products that may have a considerably minimal impact on the environment.
Asia Pacific has been projected to emerge as one of the most opportunistic avenues for water soluble polymer market. In 2016 alone, APAC contributed nearly USD 9 billion toward the overall business revenue, driven by the execution of stringent norms regarding industrial waste disposal, which have subsequently necessitated the requirement of wastewater treatment in the region. The rapid rate of industrialization in countries such as India and China, especially, has led to acute water contamination due to industrial waste disposal in water bodies. In consequence, authorized bodies have formulated a series of regulations to control water pollution, which would lead to increased product demand and by extension, would impel the regional water soluble polymer industry.
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Reputed firms such as BASF SE, LG Chem Limited, DuPont, Ashland Incorporation, Kuraray Company Limited, Arkema S.A., Kemira Oyj, and The Dow Chemical Company have been striving to launch novel water-soluble materials to substantially expand their product pipeline. Additionally, these multinational firms have been forming tie-ups with local companies to further ante up their brand value across water soluble polymer industry. As per analysts, water soluble polymer market size is likely to garner a CAGR of nearly 5.6% over the coming seven years, having held a valuation of over USD 24 billion in 2016.
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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.