Water Soluble Polymers Gain Traction in Pharmaceutical and Oil & Gas Industries, Fueling Market Growth

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Nov 06, 2023, 20:30 ET

DUBLIN, Nov. 6, 2023 /PRNewswire/ -- The "Water Soluble Polymer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global water soluble polymer market demonstrated remarkable growth in 2022, reaching a size of US$ 35.8 Billion. Looking ahead, the market is expected to soar to US$ 48.1 Billion by 2028, marking a steady growth rate (CAGR) of 4.9% during the period from 2023 to 2028.

Water Soluble Polymers: Transforming Aqueous Systems

Water soluble polymers are versatile organic substances that dissolve, disperse, or swell in water, altering the physical properties of aqueous systems. They find application in various industries, including cleaning, where they are used in heavy soil loads, hard water, and moderate temperatures.

Additionally, these polymers serve as dispersants, suspending agents, thickeners, stabilizers, coagulants, flocculants, film-formers, binders, humectants, and lubricants in aqueous media. Consequently, they play a vital role in water treatment, food and beverage, personal care, oil and gas, pulp and paper, and pharmaceutical industries worldwide.

Key Market Trends:

Water Treatment Advancements: Water soluble polymers are increasingly employed in water treatment plants to remove suspended solids and contaminants from water. This, coupled with their rising demand in the oil and gas sector for various applications, is a significant driver of market growth.
Enhanced Fluid Performance: The use of water soluble polymers as additives to improve the performance of water-based fluids, particularly in proppant transport and loss of fluid in the formation, is fueling market expansion. These polymers are also gaining prominence in well drilling.
Environmentally Friendly Solutions: Market leaders are investing heavily in research and development to create water-based emulsion polymers from biological resources, promoting environmental sustainability. Efforts are focused on synthesizing water soluble polymers from amino acids capable of withstanding high temperatures.
Pharmaceutical Applications: Water soluble polymers are finding increased use in the pharmaceutical industry for dissolving drugs that are not soluble in water and reducing blood viscosity, contributing to market growth.

Key Market Segmentation:

The market is segmented based on type, raw material type, and end-use industry as follows:

Breakup by Type:

Polyacrylamide
Polyvinyl Alcohol
Guar Gum
Gelatin
Xanthan Gum
Polyacrylic Acid
Polyethylene Glycol
Others

Breakup by Raw Material Type:

Synthetic
Natural
Semi-Synthetic

Breakup by End Use Industry:

Water Treatment
Food and Beverage
Personal Care and Hygiene
Oil and Gas
Pulp and Paper
Pharmaceutical
Others

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:

Key players in the industry include Arkema S.A., Ashland Inc., BASF SE, Dow Inc., DuPont de Nemours Inc., J.M. Huber Corporation, Kemira Oyj, Kuraray Co. Ltd., Merck KGaA, Mitsubishi Chemical Holdings Corporation, SNF, and Sumitomo Seika Chemicals Company Ltd.

Key Questions Answered in This Report:

What was the size of the global water soluble polymer market in 2022?
What is the expected growth rate of the global water soluble polymer market during 2023-2028?
What are the key factors driving the global water soluble polymer market?
What has been the impact of COVID-19 on the global water soluble polymer market?
What is the breakup of the global water soluble polymer market based on the type?
What is the breakup of the global water soluble polymer market based on the raw material type?
What is the breakup of the global water soluble polymer market based on end use industry?
What are the key regions in the global water soluble polymer market?
Who are the key players/companies in the global water soluble polymer market?

For more information about this report visit https://www.researchandmarkets.com/r/ieptce

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