According to a new report by Expert Market Research titled, “Global Water Soluble Polymers Market Share, Size, Report and Forecast 2024-2032″, the global water soluble polymers market size reached a value of USD 42.31 billion in 2023. Aided by the rising demand for water treatments, booming personal care sector, and rising application of pharmaceuticals, the market is projected to further grow at a CAGR of 5.50% between 2024 and 2032 to reach a value of USD 68.51 billion by 2032.
Water-soluble polymers are versatile macromolecules that dissolve, disperse, or swell in water to modify the physical properties of aqueous systems. They find applications in sectors such as pharmaceuticals, food and beverages, water treatment, oil and gas, and personal care due to their thickening, stabilising, flocculating, and film-forming properties.
The need for clean water is propelling the water soluble polymers market growth. These polymers are used extensively in flocculation and coagulation processes, which are essential in treating industrial wastewater and drinking water. The growing emphasis on environmental conservation and stricter wastewater discharge regulations are further fuelling this demand.
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Water-soluble polymers are widely used in personal care products, including shampoos, conditioners, lotions, and gels, owing to their film-forming, thickening, and stabilising properties. With the increasing demand for skincare and haircare products driven by rising consumer awareness, the personal care sector is bolstering the growth of the market.
In the oil and gas sector, these polymers play a vital role as drilling fluids and enhanced oil recovery agents. The global rise in oil exploration and the adoption of advanced drilling techniques necessitate the use of water-soluble polymers to reduce friction, improve drilling speed, and enhance recovery, leading to water soluble polymers market development.
Water-soluble polymers are extensively utilised in the pharmaceutical sector for drug formulation, particularly as binders, film coatings, and thickeners. The rapid growth of the pharmaceutical sector, driven by increased health awareness and technological advancements, has significantly contributed to the rising demand for these polymers.
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The food and beverage sector utilises water-soluble polymers as stabilisers, emulsifiers, and thickeners in various processed foods. Growing demand for processed and convenience foods, particularly in emerging economies, is a key driver for the market.
The primary raw materials for manufacturing water-soluble polymers, such as acrylic acid and natural gums, are subject to price fluctuations. This volatility poses challenges for market players in maintaining profitability.
Synthetic polymers often raise environmental concerns due to their non-biodegradable nature. Consequently, regulatory scrutiny and consumer preferences are shifting towards natural or biodegradable alternatives, which may affect the growth of certain synthetic polymer segments.
The growing emphasis on sustainability has led to increased research and development of bio-based water-soluble polymers. These environmentally friendly alternatives are gaining traction, particularly in regions with stringent environmental regulations, leading to water soluble polymers market expansion.
Water-soluble polymers are also increasingly used in agriculture as soil conditioners and superabsorbent agents. The rising demand for efficient water management in agriculture presents significant growth opportunities.
As per the water soluble polymers market analysis, Asia Pacific holds a considerable portion of the market. The market growth in this region is being fuelled by the increasing development of key industrial sectors like pulp and paper, pharmaceuticals, and oil and gas in emerging economies such as India and China. The market is expected to experience a boost in demand due to the significant role played by the thriving food and beverage sector. Additionally, the water soluble polymers market is receiving further momentum from the existence of local manufacturers.
Market Segmentation
The market can be divided based on the product type, application, and region
Market Breakup by Product Type
• Polyacrylamide
• Polyvinyl Alcohol
• Guar Gum
• Gelatin
• Xanthan Gum
• Casein
• Polyacrylic Acid
• Others
Market Breakup by Application
• Water Treatment
• Household Products and Detergents
• Oil and Gas
• Pulp and Paper
• Pharmaceuticals
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global water soluble polymers market. Some of the major players explored in the report by Expert Market Research are as follows:
• BASF SE
• SNF Group
• Nutrition & Biosciences (Dupont)
• Arkema S.A.
• Ashland Inc.
• Kuraray Group
• Nuoer Group
• CP Kelco
• Polysciences, Inc.
• Others
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