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The latest report by IMARC Group, titled “Polymer Gel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the global polymer gel market share. 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 or aerogel is a three-dimensional network of crosslinked elastic polymers. It is a wet and soft material that can undergo significant deformations, such as expansion and contraction in large volumes. The deformation is triggered by external stimuli, such as temperature, the potential of hydrogen (pH), and ionic strength. It is employed in sensors, actuators, and drug-delivery modulators. As a result, polymer gel is widely adopted in paints and coatings, agriculture, petrochemicals, and personal care industries across the globe.
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Polymer Gel Market Trends and Drivers:
The market is primarily driven by the increasing product demand in the agricultural industry. In addition, the widespread adoption of smart farming techniques and polymer-based biodegradable products to reduce fertilizer use, improve crop water retention, save water, and reduce irrigation costs are contributing to market growth. Moreover, the escalating product demand in the personal care industry to produce facial masks, mascaras, cuticle coats, skincare, hair care, and clear gels due to their effective absorbent capabilities, low tack, and non-oily properties represent another major growth-inducing factor. Besides this, the increasing use of polymer gel in the electronic industries for insulating the wirings, particularly in a subsea insulation system, and surging product applications for bellows, pumps, mechanical clashes, and acoustic insulations are accelerating the product adoption rate. Furthermore, the growing use of hydrogel in the medical sector to crosslink gel for curing emergency burns and dry chronic wounds as hydrogel-based wound dressings absorb wound exudate and debris, remove devitalized tissue, and soften dry necrotic tissue along with the extensive research and development (R&D) activities are 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.
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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.
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