Press release
Water Soluble Polymer Market Expanding at 5.6% CAGR over 2019-2024 | Key players are BASF, Ashland Inc, Arkema S.A., Kemira OYJ, Kuraray Group, The Dow Chemical Company, LG Chem Ltd.
Water Soluble Polymer Market
In further, the growing consumption across verticals like chemicals, pharmaceuticals, mining, textiles, and F&B will further boost the demand for water soluble polymer market over the coming years. Additionally, in most if the developing countries of Latin America, and Asia Pacific, the increasing demand for industrial effluent treatment will further boost this market till the end of the forecast timeframe.
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Water Soluble Polymer Market will exceed USD 38 billion; according to a new research report. Highly oscillating prices of raw materials of synthetically derived water soluble polymers will act as a unique challenge to existing players. Also, the environmental impacts of these synthetic water soluble polymers will further show a negative impact on the growth of water soluble polymer market and may restrain its growth till the end of the forecast period.
In 2016, polyacrylamide & copolymers product segment held the largest share. Due to its exceptional solubility, miscibility, non-toxicity, and thermal stability, this product is highly employed in all kinds of wastewater treatment processes, where there is a presence of high suspended solid particulate matter. This product segment will increase at a reasonable CAGR, owing to the eco-friendly nature offered.
Water soluble polymer market by product
• Polyacrylamide & copolymers
• Guar gum & derivatives
• Polyvinyl alcohol
• Casein
• Gelatin
• Polyacrylic acid & copolymers
• Others
Water soluble polymer market by application
• Water treatment
• Detergents & household products
• Paper making
• Petroleum
• Others (Food, etc.)
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Water treatment application segment will be the major segment by 2024. High market growth would be primarily assisted by being further beneficial in lessening the toxicity in industrial effluents, helping to reduce industrial wastes, and further attaining sustainability to the environment.
Asia Pacific water soluble polymer market's was around USD 9 billion in 2016. Massive industrialization in developing economies such as India and China are creating huge wastewater generation, and will further assist the growth of Asia Pacific water soluble polymer market by 2024. In further, robust growth in regional verticals like oil & gas, pharmaceutical, and F&B will make a notable influence on global water soluble polymer growth over coming years.
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Major players in this market include: Kemira, BASF, SNF, Ashland, Kuraray, Arkema, Dow, DuPont, LG Chem, and Nitta Gelatin.
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