USD 31.53 billion
Report ID: SQSG15E2018 | Region: Global | Published Date: October, 2022 | Pages: 265 | Tables: 74 | Figures: 75
Water Soluble Polymers Market size was valued at USD 31.53 billion in 2021 and is poised to grow from USD 33.37 billion in 2022 to USD 54.33 billion by 2030, growing at a CAGR of 5.76% in the forecast period (2023-2030).
Among the polymers used in cleaning and water treatment applications are polyacrylamide, polyacrylic acids, and acrylic copolymers. In the upcoming years, demand is anticipated to be stimulated by rising expenditures in wastewater treatment and industrial water treatment, particularly in developed nations. By 2025, it is anticipated that the market for wastewater recycling would be worth USD 23.4 billion. Additionally, throughout the projection period, water soluble polymers market participants are projected to benefit greatly from sustainability developments such as bio-based acrylamide and rising demand for polyvinyl alcohol polymers in green packaging for usage in domestic goods, personal care, food, and pharmaceuticals.
US Water Soluble Polymers Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 31.53 billion
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The Global Water Soluble Polymers Market is segmented based on the Raw Material, Application, and Region. Based on the Raw Material, the Global Water Soluble Polymers Market is segmented as Synthetic (Polyacrylamide, PVA, Polyacrylic Acid, and Others), Natural (Guar Gum, Gelatin, Xanthan Gum, and Others), Semisynthetic (Methylcellulose, Hydroxyethylcellulose, and Others). Based on the Application, the Global Water Soluble Polymers Market is segmented as Food Processing, Water Treatment, Paper Making, Detergent, Petroleum, and Others. Based on Region Water Soluble Polymers Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Water Soluble Polymers Market Analysis by Application
The segment of applications for water treatment will dominate over the forecast period. Due to the increasing need for effluent treatment, water treatment accounted for the majority of the market in 2022. Growing effluent production from various industrial businesses increases the need for water treatment, which propels market expansion. Strict environmental regulations will aid in the market's expansion as a result of rising ecological concerns in the US, UK, China, and Germany. Environmental rules governing the discharge of wastewater and the quality of drinking water may increase the demand for synthetic polymers.
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Rising demand from the wastewater treatment sector is anticipated to be the main driver in the Asia Pacific area. Due to growing environmental concerns and expenditures from corporate and governmental parties to stop ecological harm, the municipal and industrial wastewater treatment industry will increase. Water-soluble polymers are produced and consumed in large quantities in China. Given that the wastewater treatment sector is anticipated to grow over the course of the forecast period, there will likely be an increase in the demand for polymers like polyacrylamide in the region. Polyacrylamide is a common flocculating and coagulating agent in wastewater treatment.
Due to the increased demand from the oil and gas industry, North America is anticipated to see considerable expansion. The oil and gas industry's growing need for these materials is primarily driven by activities including drilling, well completion, production, and improved oil recovery.
The increased customizability offered by these polymers over conventional injection fluids used in improved oil recovery is expected to lead to a rise in demand from the oil and gas sector, which is expected to fuel water soluble polymers market expansion.
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Water Soluble Polymers Market Driver
Rising Use in the Oil & Gas Industry
Water Soluble Polymers Market Restraints
Environmental Effects of Synthetic Water-Soluble Polymer
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The Global Water Soluble Polymers market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase water soluble polymers market share and profitability.
Water Soluble Polymers Market Top Player's Company Profiles
Water Soluble Polymers Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by robust Secondary Desk research.
According to the global water soluble polymers market report analysis, during the projection period, market participants would profit from sustainable technologies such as bio-based acrylamide and rising demand for polyvinyl alcohol polymers in green packaging for domestic goods, personal care products, food, and pharmaceuticals. Due to expanding usage in personal care products, construction materials, household detergents, paint, textiles, and the treatment of municipal and industrial wastewater. Demand for the product might rise in the next years as a result of environmental rules controlling manufacturing business effluent discharge and environmental protection.
|Market size value in 2021||USD 31.53 billion|
|Market size value in 2030||USD 33.37 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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For the Global Water Soluble Polymers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Water Soluble Polymers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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