Press release
Water Soluble Polymer Market to exceed $38 billion by 2024 | BASF SE, Ashland Inc, Arkema S.A., The Dow Chemical Company, LG Chem Ltd.
Water Soluble Polymer Market
It is a man-made material designed for usage in cleaning applications with hard water conditions, and high soil loadings under moderate temperature. These polymers facilitate cleaning of water by its particulate soils dispersing, re-disposition of soil prevention property along with sequestering mineral such as calcium and magnesium ions.
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Water-soluble polymers showcase an expansive field of application in various industries including chemicals, textile, mining, pharmaceuticals, F&B and others. The product demand is majorly driven growing focus of the developing countries of Asia Pacific and Latin America region on industrial effluent treatment. Moreover, demand from the oil & gas sector is also generating high demand for water soluble polymers as they are quite effective in reducing the formation of hydrates in oil & gas pipelines.
Stringent regulations set forth by government across the globe for proper wastewater management along with other water conservation initiatives will open various avenues for the deployment of these compounds.
Demand from wastewater treatment facilities
Water treatment application is expected to be amongst the highest revenue generating segment. The compounds effectively lessen the toxicity in industrial effluents led into water and aid in reducing industrial wastes. Water soluble polymer benefits pertaining to sustainability and environment will fuel product adoption in the coming years.
Polyacrylamide & copolymer products held the largest share in the global water soluble polymer market in 2016. The high adoption rate was a result of exceptional solubility, non-toxicity, thermal stability and miscibility of product in all kinds of wastewater treatment processes.
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Industrialization in APAC region
In 2016, APAC water soluble polymer markets accounted for revenue generation of US$9 billion and is likely to gain traction in the coming years. Large scale industrialization in economies like India and China are generating huge volumes of wastewater. Moreover, robust growth in oil & gas, pharmaceutical, F&B and manufacturing industries across the region has favored regional growth of the industry players in recent times.
Unstable raw material prices
Unstable prices of raw materials for synthetically derived water soluble polymers may remain a challenge for players in the industry. Moreover, negative impacts of these synthetic water soluble polymers on environment may hamper large-scale product deployment.
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