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Water Soluble Polymer Market Comprehensive Study 2018: Arkema, Kemira, BASF, Kuraray, The Dow Chemical Company, LG Chem, Ashland
Water Soluble Polymer Market
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Water Soluble Polymer Market size will exceed USD 38 billion by 2024. High growth in consumption in the water treatment industry will augment the demand for these products throughout the forecast years. The rising demand from oil & gas industry for reducing the hydrate formation in the oil pipelines will further complement the global water soluble polymer market size during the forecast timeframe.
Water soluble polymer market by product
o Polyacrylamide & copolymers
o Guar gum & derivatives
o Polyvinyl alcohol
o Casein
o Gelatin
o Polyacrylic acid & copolymers
o Others
Water soluble polymer market by application
o Water treatment
o Detergents & household products
o Paper making
o Petroleum
o Others (Food, etc.)
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Polyacrylamide & copolymers held the largest water soluble polymer market share in 2016. The product is primarily used for its excellent thermal stability, solubility, high miscibility, and non-toxicity. They are mainly utilized in treating wastewater, where there are more suspended solid particles. This segment is projected to grow at a moderate CAGR due to its eco-friendly features.
Water treatment is likely to grow at a CAGR close to 6% by the end of 2024. The market growth will be majorly attributed to being more useful in reducing the toxic effects of the industrial effluents, further helping in the reduction of waste and further assist in achieving environmental sustainability. Growing concerns against water-pollution have led to the devising of stricter laws and regulations to take the initiative against wastewater generation, which will show a positive impact on the water soluble polymer market share by the end of 2024.
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In 2016, the Asia Pacific regional market size was close to USD 9 billion. Substantial market share along with a decent growth rate by 2024 will be due to rapid industrialization in China and India, and massive wastewater generation. Furthermore, strong growth indicators in regional F&B, pharmaceutical and oil & gas will create a remarkable contribution to the water soluble polymer market growth in the coming years.
Key contributors of this market are BASF, Kemira, Ashland, SNF SAS, Arkema, Kuraray, DuPont, Dow, Nitta Gelatin, LG Chem.
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