According to the latest report by IMARC Group “Polymer Gel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global polymer gel market exhibited stable growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026.
A polymer gel is a soft and wet material that can undergo considerable deformation by external stimuli like temperature, ionic strength, and the potential of hydrogen (pH). It is mainly used in sensors, actuators, and modulators for drug delivery and keeping different polymers separated. Apart from this, it also finds application in robotics, petrochemicals, chemical manufacturing, and paints and coatings around the world.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The rising utilization of polymer gel due to its low tack, absorbent, and non-oily properties represents one of the major factors strengthening the growth of the market. It is also used in personal care and cosmetic products like facial masks, mascaras, cuticle coats, and clear gels. Furthermore,there is a significant rise in the demand for polymer-based biodegradable to reduce the use of fertilizers, improve water retention quality of crops, and minimize the overall cost of irrigation. Besides this, leading players are introducing newer technologies and improving existing formulations to expand their market share.
Breakup by Raw Material:
- Polyacrylic Acid
- Polyvinyl Alcohol
Breakup by Application:
- Personal Care
- Drug Delivery System
- Waste Treatment
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- 3M Company
- Ashland LLC
- BASF SE
- Chemtex Speciality Limited
- Dow Inc
- Evonik Industries AG
- LG Chem
- Nippon Shokubai Co. Ltd
- Sanyo Chemical Industries Ltd.
- SUMITOMO SEIKA CHEMICALS CO. LTD.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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