Water Soluble Polymer Market to grow at 5.6% CAGR till 2024 | Arkema, Kemira, BASF, Kuraray, The Dow Chemical Company, LG Chem, Ashland
According to Verbatim, BVOH enables successful printing of complex objects with 3D printers and is endowed with dual extrusion and quick dissolve time as well. Verbatim views BVOH as a major disruption in the 3D printing arena that would enable designers to swiftly realize 3D models, which would, by extension, increase the demand for BVOH. In effect, this would have a perpetual impact on the commercialization scope of water soluble polymer market in the years to come.
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One of the most eminent factors contributing toward the growth of water soluble polymer industry size is the increased number of regulations mandated by authoritative bodies, especially in emerging economies, with respect to water purity maintenance and waste discharge from manufacturing sites. With the rising amount of waste disposal leading to water pollution, the demand for waste water treatment will continue to surge, which would lead to the genesis of a lucrative growth avenue for water soluble polymer market.
As per statistics, more than 12.5 million people die annually as a result of air pollutant borne disease, water contamination, and other hygiene related ailments brought forth by carcinogenic pollutants released by pharma, mineral processing, oil & gas, and paper companies. In a bid to fight against wastewater generation and elimination, water soluble polymer industry players have been striving to brainstorm innovative products by the day and promote sanitization in lesser developed areas.
One of the many precedents validating the aforementioned statement is Dow’s commendable efforts in providing affordable hygiene solutions to economically backward geographies. The company’s launch of POLYOX™ water soluble polymers that help produce an upgraded soap formulation endowed with the characteristics of a longer life, improved sensory feel, and enhanced value demonstrates its commitment toward wastewater borne disease prevention.
Be that as it may, the water soluble polymer market player’s POLYOX water soluble polymers are also harnessed by other companies to be used in their soap formulations. Consequently, Dow’s superior product has successfully strengthened its stance in water soluble polymer industry while helping to improve sanitization in some of the debilitated parts of the globe.
- Water soluble polymer market by product
o Polyacrylamide & copolymers
o Guar gum & derivatives
o Polyvinyl alcohol
o Polyacrylic acid & copolymers
- Water soluble polymer market by application
o Water treatment
o Detergents & household products
o Paper making
o Others (Food, etc.)
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It is quite vivid that the wastewater treatment segment accounts for a major proportion of water soluble polymer market share. In fact, in 2016, as per estimates, water treatment dominated the application spectrum of water soluble polymer industry, covering close to 25% of the overall revenue share, driven by the stringent enforcement of regulations pertaining to water safety. The rising demand for water treatment processes due to effluents released by manufacturing companies is certain to further augment this end-use domain, slated to grow at a CAGR of around 6% over 2017-2024.
Speaking along the same lines, it is noteworthy to mention that the rising number of plastic and aluminum sachets have had a rather hazardous impact on the environment. As per estimates, between 500 billion to 1 trillion plastic bags are consumed across the globe, and merely a few minutes later, most of them end up in the dumpster.
Pertaining to the same, three undergrads from the Indian Institute of Technology, Chennai, have brainstormed a printable three thin-layered sachet encompassing starch, PVA, cellophane, and a water-soluble synthetic polymer that is being touted as the best biodegradable solution to plastic. If and when these eco-friendly sachets are sponsored and commercialized, they are likely to have a commendable impact on water soluble polymer market trends.
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Besides water treatment, the application spectrum of water soluble polymer industry is inclusive of papermaking, detergents & household products, and petroleum. Numerous companies have been undertaking appreciable efforts to ensure the development of a unique, flexible product portfolio that would have a massive impact on the revenue graph of this business vertical in addition to supporting environmental causes. Endorsed by a favorable regulatory landscape, water soluble polymer market size is likely to be pegged at a valuation exceeding USD 38 billion by the end of the year 2024.
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