|Fastest Growing Market:||Asia Pacific|
|Largest Market:||Asia Pacific|
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The water-soluble polymer market was valued at more than USD 30,500 million in 2021, and it is expected to register a CAGR of over 5% during the forecast period (2022 - 2027).
The COVID-19 pandemic affected the water-soluble polymer market negatively; however, the market has been estimated to have reached pre-pandemic levels.
The factors driving the growth of the market are the growing shale gas industry in North America and the water treatment industry in the Asia-Pacific region.
The Asia-Pacific region dominated the global market, and it is projected to register the highest CAGR during the forecast period.
The increasing demand for bio-based acrylamide and the growing application in the pharmaceutical industry are likely to provide numerous opportunities for manufacturers in the future.
Scope of the Report
Water-soluble polymers are materials that possess the ability to be soluble in water. There are two types of water-soluble polymers, namely, natural water-soluble polymers and synthetic water-soluble polymers. Guar gum, gelatin, xanthan gum, and pectin are some of the naturally occurring water-soluble polymers. The water-soluble polymer market is segmented by type, end-user industry, and geography. By type, the market is segmented into polyacrylamide, polyvinyl alcohol, guar gum, gelatin, xanthan gum, polyacrylic acid, polyethylene glycol, and other types. On the basis of end-user industry, the market is segmented into water treatment, food and beverage, personal care and hygiene, oil and gas, pulp and paper, pharmaceutical, and other end-user industries. The report also covers the market sizes and forecasts for the water-soluble polymer market in 15 countries across the major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).
|Other Types (Cellulose Ethers, Pectin, and Starch)|
|Food and Beverage|
|Personal Care and Hygiene|
|Oil and Gas|
|Pulp and Paper|
|Other End-user Industries|
Key Market Trends
The Water Treatment Industry is Expected to Dominate the Market
Water treatment serves a wide range of purposes, which includes meeting requirements for agricultural, medical, household, pharmacological, chemical, and industrial applications.
Flocculants are substances that promote the clumping of destabilized particles, which are obtained after being treated with coagulants. The coagulants neutralize the charge on colloidal particles responsible for keeping them apart.
Water-soluble polymer flocculants are important constituents of solid-liquid separation units for the treatment of process‐affected effluents. They are long-chain water-soluble polymers used to separate non‐settling fine solids from aqueous suspensions.
Water-soluble polymers are used in mineral processing, industrial and municipal wastewater treatment, oil sands tailings dewatering, paper making, and biotechnology.
Asia-Pacific accounted for a major share of the water and wastewater treatment market due to the high demand from countries like China, India, and Japan. The water and wastewater sector in the region is one of the largest globally.
In India, various companies, such as Suez, Abengoa, and SPML Infra, are investing in water treatment projects. The investment opportunities in the water industry are expected to increase to USD 130 billion by 2030.
Based on the aforementioned factors, the water treatment industry is expected to dominate the market during the forecast period.
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China is Expected to Dominate the Asia-Pacific Market
Water treatment is one of the largest application industries for water-soluble polymers in China. China’s water treatment industry has been consistently growing due to the government’s focus on the availability of freshwater and water pollution (wastewater treatment).
Under the 13th Five-year plan, the country has spent more than CNY 559 billion on its water treatment industry, which is about 0.75% of the country’s total GDP. This has increased the demand for water-soluble polymers in the country.
Pharmaceuticals is another major end-user industry for water-soluble polymers in the country. In the recent past, Chinese pharmaceutical manufacturers have largely concentrated on the production of basic chemicals, intermediates, and active pharmaceutical ingredients (APIs). Hence, in a short period of time, China has become the leading global supplier of APIs in terms of volume.
Recently, Chinese pharmaceutical manufacturers have become focused on developing and producing finished pharmaceutical products, primarily to serve the local market. However, the pharmaceutical industry is poised for high growth during the forecast period, with the government's push with policy reforms in line with the Made in China 2025 industrial plan.
Based on the aforementioned aspects, China is expected to dominate the Asia-Pacific region.
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The water-soluble polymer market is fragmented in nature, with the presence of many players accounting for a less share in the market. Some of the major players in the market studied (in no particular order) include SNF Group, Ashland, DuPont, CP Kelco US Inc., and Arkema Group, among others.
- The recent developments pertaining to the major players in the market are being covered in the complete study.
Table of Contents
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1.1 Growing Shale Gas Industry in North America
4.1.2 Growing Water Treatment Industry in Asia-Pacific
4.2.1 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.1.2 Polyvinyl Alcohol
5.1.3 Guar Gum
5.1.5 Xanthan Gum
5.1.6 Polyacrylic Acid
5.1.7 Polyethylene Glycol
5.1.8 Other Types (Cellulose Ethers, Pectin, and Starch)
5.2 End-user Industry
5.2.1 Water Treatment
5.2.2 Food and Beverage
5.2.3 Personal Care and Hygiene
5.2.4 Oil and Gas
5.2.5 Pulp and Paper
5.2.7 Other End-user Industries
184.108.40.206 South Korea
220.127.116.11 Rest of Asia-Pacific
5.3.2 North America
18.104.22.168 United States
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
5.3.4 South America
188.8.131.52 Rest of South America
5.3.5 Middle-East and Africa
184.108.40.206 Saudi Arabia
220.127.116.11 South Africa
18.104.22.168 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share(%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.3 BASF SE
6.4.4 CP Kelco US Inc.
6.4.6 Gantrade Corporation
6.4.8 Kuraray Co. Ltd
6.4.9 Merck KGaA
6.4.10 Mitsubishi Chemical Corporation
6.4.12 Polysciences Inc.
6.4.13 SNF Group
6.4.14 Sumitomo Seika Chemicals Company
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increasing Demand for Bio-based Acrylamide
7.2 Growing Application in the Pharmaceutical Industry
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Frequently Asked Questions
What is the study period of this market?
The Water-soluble Polymer Market market is studied from 2017 - 2027.
What is the growth rate of Water-soluble Polymer Market?
The Water-soluble Polymer Market is growing at a CAGR of >5% over the next 5 years.
Which region has highest growth rate in Water-soluble Polymer Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Water-soluble Polymer Market?
Asia Pacific holds highest share in 2021.
Who are the key players in Water-soluble Polymer Market?
DuPont, Ashland, CP Kelco US Inc., Arkema Group, SNF are the major companies operating in Water-soluble Polymer Market.