The polymer gel market size is expected to rise owing to the increased use of superabsorbent polymer gels in personal care goods such as infant diapers, feminine hygiene products, and other items. Fortune Business InsightsTM has presented this information in its upcoming report titled, “Polymer Gel Market, 2022-2029”. Furthermore, polymer gels are widely used in a variety of applications, including personal care, construction, agriculture, waste management, medicine administration, and others.
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COVID-19 Impact -
The COVID-19 outbreak had a huge influence on a number of polymer gel market, and they are now focusing on long-term growth. Because of the government's lockdown to stop the spread of COVID-19, the supply chain has been disrupted, resulting in a shortage of raw materials and a halt to manufacturing. During the projection period, this is anticipated to impede market growth. However, the market is predicted to grow from 2021 onwards as developing countries eliminate economic constriction limitations, resulting in increased demand for polymer gel from the cosmetic and personal care, as well as the building and construction industries.
Segmentation -
On the basis of raw material, the market is segmented into polyacrylic acid, PAM, silicone, vinyl alcohol, PAN, and others. On the basis of application, the market is fragmented into construction, wastewater treatment, personal care, agriculture, drug delivery systems, and others. Geographically, the market is classified into Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa.
Report Coverage –
The report delivers detailed information on the polymer gel industry including new advancements in the production sector. Furthermore, the report includes data on new product launches, prominent players, regional growth, and market expansion. Lastly, it comprises data on the restraining and driving factors inclusive of the COVID-19 impact on the market.
Drivers & Restraints –
Superabsorbent Polymer Gels will Drive the Market for Personal Care Products
The market is expected to develop due to the rising demand for polymer gels from various end-use industries. Furthermore, the market will be driven by the increasing use of superabsorbent polymer gels in personal care items such as feminine hygiene products, infant diapers, incontinence pads, and others due to their excellent absorption qualities. In addition, the rising demand for polymer gels from the agriculture sector to save water in irrigation will fuel the polymer gel market growth. However, the prices of raw materials used to make polymer gels, such as polyacrylic acid and polyvinyl alcohol, are, nevertheless, volatile. This is expected to be a stumbling block to market expansion.
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Regional Insights –
Asia Pacific is Expected to Dominate the Market due to Increasing Demand from Agricultural Countries
Asia Pacific is expected to dominate the polymer gel industry owing to the rising need for personal care products. Furthermore, the regional market for superabsorbent gels will be driven by increased demand from agricultural countries such as India. The well-established personal care business in North America is likely to account for a major portion of the polymer gel market share. The large spending on personal care and hygiene in Europe is expected to drive significant growth. Lastly, by the end of the projected period, Latin America and the Middle East and Africa would be experiencing slow development.
Competitive Landscape-
Key Players to Focus on Launching New Products
To suit the expanding client needs in the polymer gel industry, prominent players are focusing on launching new products. In addition, industry leaders are acquiring and cooperating with top companies in order to improve their market offers and grow their client base. Evonik Industries, Chemtex Specialty Limited, LG Chemicals Ltd., BASF Corporation, FIMA Group Ltd, Nippon Shokubai Co., Ltd., SDP Global Co., Ltd., Ma's Group Inc., Sumitomo Seika Chemicals Co., Ltd., and Dow Chemicals are among the market's top companies. For instance, in May 2020, Luviset 360, a novel styling polymer with a flexible grip, was introduced by BASF the product imbibes the quality of holding up even in high-humidity environments.
Industry Developments
October 2020: Luviset 360, a novel styling polymer with a flexible grip, was introduced by BASF. Even in high-humidity environments, this product holds up.
List of Key Players in the Market:
- Saudi Arabian Amiantit Company
- Ma’s Group Inc.
- Sumitomo Seika Chemicals Co. Ltd.
- LG Chemicals Ltd.
- BASF Corporation
- Dow Chemicals
- Chemtex Specialty Limited
- Enduro Composites Inc.
- Evonik Industries
- FIMA Group Ltd.
- Nippon Shokubai Co. Ltd.
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