Polymer Gel Market Size, Share, Growth, Demand and Forecast 2023-2028

IMARC Group's report titled "Polymer Gel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". The global polymer gel market size reached US$ 48.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 69.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.

A polymer gel is a substance employed in various industrial applications due to its unique properties and versatility. It is a material consisting of a three-dimensional network of polymer chains and a liquid component, creating a gel-like structure. It can be synthesized with several polymers, each offering specific characteristics tailored to industries and applications. Additionally, polymer gel is widely employed in healthcare, cosmetics, agriculture, and electronics sectors due to its exceptional absorbency, adhesion, and stability properties, making it indispensable in numerous processes. Nowadays, polymer gel is gaining immense traction across the globe.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/polymer-gel-market/requestsample

Polymer Gel Market Trends and Drivers:

The global polymer gel market is primarily driven by the widespread adoption of polymer gels in the healthcare sector. In addition, the increasing use of polymer gels in wound care, drug delivery systems, and tissue engineering is due to their ability to provide a moist environment, facilitate the healing process, and control drug release is influencing the market growth. Moreover, the emergence of eco-friendly polymer gel variants with low environmental impact, known for their minimal volatile organic compounds (VOCs), is gaining traction in response to growing environmental concerns, representing another major growth-inducing factor. Also, businesses are seeking sustainable solutions, and the availability of eco-friendly polymer gels is influencing purchasing decisions. Besides this, the growing agriculture sector is using polymer gels as soil conditioners and water retention agents in water scarcity regions to improve crop yields by enhancing water availability to plants and reducing water wastage, accelerating the product adoption rate. Along with this, the electronics industry is applying polymer gels for encapsulation and insulation purposes as they exhibit excellent dielectric properties and thermal stability, making them ideal for protecting sensitive electronic components from environmental factors and ensuring their long-term functionality, propelling the market growth. Furthermore, the growing demand for polymer gel in the oil and gas industry for various purposes, including improved oil recovery, drilling fluids, and wellbore stability to improve the efficiency of oil and gas operations, is creating a positive market outlook.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Raw Material:

Polyacrylic Acid
Polyacrylamide
Polyvinyl Alcohol
Polyacrylonitrile
Silicone
Others

Breakup by Application:

Personal Care
Agriculture
Construction
Drug Delivery System
Waste Treatment

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Competitive Landscape with Key Player:

3M Company
Ashland LLC
BASF SE
Chemtex Speciality Limited
Dow Inc
Evonik Industries AG
LG Chem
Nippon Shokubai Co. Ltd
Sanyo Chemical Industries Ltd.
SUMITOMO SEIKA CHEMICALS CO. LTD.

Explore full report with table of contents: https://www.imarcgroup.com/polymer-gel-market

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

Follow us on Twitter: @imarcglobal

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.