Market Overview:
The three-dimensional
cross-linked polymer network structure of polymer gels that can also undergo
significant deformation is one of the main characteristics driving the growth
of the Polymer Gel Market globally. The combination of their
distinctive physiochemical properties along with the display of a
range of stimuli-responsive actions to external environmental changes has added
to a great extent to the development of the market in the past few years. The
market is likely to expand with a 6.55% CAGR during the assessment period
(2018-2023).
The wide-range of applications of
polymer gels include several end-use industries such as personal care,
robotics, pharmaceuticals, paints & coatings, food, and
healthcare. The rising levels of health consciousness among the masses
coupled with the emergence of complex diseases and infection based disorders
has fast tracked the demand for polymer gel in the production of personal care
and hygiene products. The applications commonly observed in the healthcare
domain are sanitary pads, diapers, wet wipes, burn treatment, bandages, and
face masks among others. The application scope for polymer gel covers an
extensive range of products in the personal care industry as well. This demand
in the personal care industry is inspired by the increasing focus on personal
well-being and maintenance of a trendy lifestyle. As a result of these factors,
the cosmetics industry has emerged as one of the foremost consumers in the Polymer
Gel Market. Moreover, an extensive level of investment by the governments is
likely to offer a lucrative opportunity for the personal care product
manufacturers globally to launch their facilities in this market.
The key strategic moves being
initiated by the noteworthy industry players include product launches, capacity
expansions, and supply agreements that are being leveraged upon to expand the
market share in the forecast period dramatically. Additionally, advantageous
foreign direct investment (FDI) policies offered by the emerging economies for
this market are among one of the significant drivers of the market.
Competitive Analysis
The market includes a substantial
number of the well-known Tier-1 and Tier-2 companies, along with a considerable
incidence of small and medium scale industries. The vital companies in this
market are implementing collective approaches and business tactics to increase
a significant revenue and market share. LG Chem Ltd., Evonik Industries AG,
BASF SE, Nippon Shokubai Co., Ltd., Sumitomo Seika Chemicals Co., Ltd., Aspen
Aerogels, Inc., Archer Daniels Midland Company, SNF Holding Company, KATECHO,
INC., Cabot Corporation, Chemtex Speciality Limited, and Aerogel Technologies,
LLC among others are a few of the important players functioning in the Polymer
Gel Market.
Segmental Analysis
The segmentation of the Polymer
Gel Market is carried out on the basis of type, raw material, form and
end use industry. On the basis of raw material, the market is segmented into
Poly Vinyl Alcohol (PVA), Poly Acrylic Acid (PAA), Poly Acrylonitrile (PAN) and
Silicon. The Poly Acrylic Acid (PAA) is responsible for the major share of the
market in 2017 and is estimated to reach USD 7,833.3 million. By Type, the
market is segmented into Hydrogel and Aerogel. The hydrogel segment controlled
the market in 2017. Nevertheless the aerogel is projected to expand at a high
CAGR of 8.69 percent in the forecast period. The end-use industry comprises of
healthcare, oil & gas, building & construction, cosmetics &
personal care, agriculture, water treatment and electrical & electronics.
The cosmetics & personal care is controlling the market is expected to
achieve the value mark of USD 4,785.2 million till 2023. The form based
segmentation of the market consist of semi-crystalline, particle, amorphous,
blanket, and monolith. The semi-crystalline form is expected to grow at a
maximum CAGR of 7.26 percent by 2023.
Detailed Regional
Analysis
The Polymer Gel Market covers
regions around the world such as Europe, North America, Asia Pacific, Latin
America, and Middle East & Africa. The Asia Pacific region is expected to
be the major market for polymer gel over forecast period. This is primarily due
to the altering lifestyle of the people in this region and promising government
policies implemented by the emerging economies i.e. China, India, and South
Korea. India is expected to appear as a significant revenue pocket and a strong
market for polymer gel in the review period due to growing emphasis of
policymakers on refining health index of the people in their country. Following
the Asia Pacific region, the North American region is the next major region in
this market. The Europe region is another considerable region in this market,
after the North American region. The Latin America and the Middle East &
Africa region holds a relatively small share in this market.
Impact of COVID-19 on Recycled Polyethylene Terephthalate Market
@ https://www.marketresearchfuture.com/report/covid-19-impact-recycled-polyethylene-terephthalate-market
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