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Hydrogel Market is estimated to Push Growth Margin to $27.2 Billion by 2022 : Industry by Product (Semicrystalline buttons, Amorphous Gels, Impregnated Gauze, Films & Matrices, Hydrogel Sheets), Raw Material (Synthetic, Natural, Hybrid), Composition (Poly

06-20-2019 01:18 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Hydrogel Market

Hydrogel Market

Hydrogel is a water-insoluble polymer chain network that can retain high water content within its structure (about 90% water in the gel base). Hydrogels are used in hygiene products such as baby diapers, sanitary pads, adult incontinence pads, and soft contact lenses.

Hydrogel Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $27.2 billion by 2022, registering a CAGR of 6.3% during the period 2016-2022. The hydrogel contact lenses and hygiene product segments constitute about three-fourths share in the global hydrogel market and are expected to maintain this trend during the forecast period.

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Success of super absorbent polymers in hygiene and wound care products, growing use of contact lenses and availability of numerous chemistries and formulations are the major factors driving the market growth. The use of hydrogels in wound care is anticipated to increase rapidly, owing to benefits such as convenience of use, water retention efficiency, and improved time efficiency during medical procedures and wound closure. Increasing awareness about the available hydrogel formulations have stimulated product-focused R&D investment to develop new hydrogel products, which is anticipated to drive the hydrogel market during the forecast period. However, high costs associated with complex production process and potential environment hazards from disposable synthetic hydrogel products are the major restraining factors for the growth of hydrogel market.

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Key Findings of Hydrogel Market:

• In 2015, contact lenses and hygiene product segments jointly accounted for about three-fourths share of the hydrogel market.
• The Contact lenses segment is anticipated to grow at a CAGR of 5.8% from 2016 to 2022.
• Wound care segment is projected to be the fastest growing end user segment, registering a CAGR of 7.9% from 2016 to 2022.
• Synthetic raw material-based hydrogels segment is poised to continue to lead the hydrogel market throughout the forecast period.
• In 2015, polyacrylate and silicone-modified hydrogel segment together accounted for around half of the hydrogel market share.
• Semi-crystalline hydrogels segment constitutes a major share of the market.
• Polyacrylamide is anticipated to emerge as the fastest growing segment during the forecast period.

Other significant chemistries currently in use include polyethylene glycol (PEG), poly vinyl pyrrolidone (PVP), polyvinyl alcohol (PVA), gelatin, and other polysaccharides.

Geographically, North America, led by the U.S., dominated the hydrogel market in 2015 and is projected to grow at a CAGR of 6.3% during the forecast period. Asia-Pacific is projected to grow at the highest CAGR of about 7% from 2016 to 2022, due to increasing adoption of hydrogel products for hygiene products, disposable soft contact lenses, and wound care products. The agriculture sector is forecast to be the most promising end user for hydrogel based on controlled release and water retention technologies.

Ongoing research and development activities have been focused on the use of smart hydrogels (stimuli responsive) in drug delivery system, as injectable materials, in bone reconstruction, and on fast stimuli responsive hydrogels. In addition, numerous industry-focused tests have been conducted in order to develop hydrogels for novel applications such as water retention agents in the agriculture sector, as delivery vehicles for crop protection chemicals, in water purification, and as fire-fighting gels. The major market players profiled in this report include 3M Company, Smith & Nephew plc, ConvaTec Inc., Alliqua Biomedical, Inc., Johnson & Johnson, Procyon Corp, BSN Medical GmbH, HB Fuller Company, Altergon Italia, AMBU, and The Cooper Companies.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client's insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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