Global Water Soluble Polymer Market:
The global water soluble polymer market size reached US$ 37.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 55.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2024-2032. The increasing demand in water treatment industries due to growing environmental concerns is stimulating the market.
Report Attribute
|
Key Statistics
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Base Year
|
2023
|
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 37.5 Billion |
Market Forecast in 2032
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US$ 55.4 Billion |
Market Growth Rate 2024-2032 |
4.3% |
Water Soluble Polymer Market Analysis:
- Major Market Drivers: The growing use of this organic substance in pharmaceuticals for controlled drug release and biodegradable applications is propelling the market.
- Key Market Trends: The expanding applications in agriculture, especially for soil conditioning and crop protection, are acting as significant growth-inducing factors.
- Competitive Landscape: Some of the major market companies 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., among many others.
- Geographical Trends: Asia-Pacific exhibits a clear dominance in the market due to rising demand in agriculture, water treatment, and rapid industrialization in China, India, and Southeast Asia.
- Challenges and Opportunities: The sensitivity to temperature and pH changes is hindering the market. However, developing more robust, modified polymers with enhanced stability will continue to strengthen the market over the forecast period.
Water Soluble Polymer Market Trends:
Increasing Demand For Sustainable Packaging
Water-soluble polymers are gaining traction in the packaging industry due to their eco-friendly properties. Moreover, these polymers disintegrate easily in water, helping to reduce plastic waste and supporting environmental goals. Also, their use aligns with increasing global emphasis on reducing environmental impact and enhancing waste management solutions. For instance, in June 2024, Mondi launched SolmixBag, a water-soluble cement bag made from 100% kraft paper. It aids in reducing dust and waste. This innovation, developed with Cemex, supports sustainability goals and complies with Spain's waste management regulations.
Growth in Pharmaceutical Excipient Applications
Water-soluble polymers are widely used in the pharmaceutical industry for drug delivery systems. In contrast, they help in controlling the release of active ingredients in medications, thereby improving bioavailability and patient compliance. Furthermore, their role in enhancing the functionality of oral and injectable drugs drives demand in the pharmaceutical sector. This is accelerating the water soluble polymer market growth. For instance, in September 2024, Evonik opened a new facility in Darmstadt for drying aqueous dispersions of EUDRAGIT polymers, a key water-soluble polymer for oral drug delivery. This expansion improves supply security, reduces delivery times, and operates sustainably using green electricity and waste-incineration-generated steam.
Cost-efficient and Energy-saving Manufacturing Solutions
Water-soluble polymers offer cost benefits in production processes by eliminating the need for complex solvent-based systems. In addition, they reduce energy consumption as they often do not require extensive heating or special equipment. Also, this efficiency lowers operational costs and promotes resource conservation in manufacturing industries. For instance, in June 2024, Kuraray launched water-based polyvinyl alcohol solutions, Kuraray Poval/Exceval, enhancing the market. These ready-to-use solutions offer consistent quality, energy savings, customizable blends, and reduced processing costs by eliminating the dissolution process while promoting sustainability with a low carbon footprint from Frankfurt.
Global Water Soluble Polymer Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with the market forecast at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on type, raw material type, and end use industry.
Breakup by Type:
- Polyacrylamide
- Polyvinyl Alcohol
- Guar Gum
- Gelatin
- Xanthan Gum
- Polyacrylic Acid
- Polyethylene Glycol
- Others
Polyacrylamide currently dominates the market
The report has provided a detailed breakup and analysis of the market based on the type. This includes polyacrylamide, polyvinyl alcohol, guar gum, gelatin, xanthan gum, polyacrylic acid, polyethylene glycol, and others. According to the report, polyacrylamide represented the largest market segmentation.
Polyacrylamide exhibits a clear dominance in the market due to its extensive use in water treatment, where it helps in flocculation and sedimentation. For example, BASF launched new polyacrylamide-based products, which enhance efficiency in industrial wastewater management applications.
Breakup by Raw Material Type:
- Synthetic
- Natural
- Semi-Synthetic
Synthetic currently dominates the market
The report has provided a detailed breakup and analysis of the market based on the raw material type. This includes synthetic, natural, and semi-synthetic. According to the report, synthetic represented the largest market segmentation.
Synthetic water-soluble polymers lead the market due to their versatility and cost-effectiveness. For example, Ashland launched a synthetic polymer, Polyplasdone Ultra, used in pharmaceutical formulations to enhance drug solubility, thereby highlighting its growing applications across industries.
Breakup by End Use Industry:
- Water Treatment
- Food and Beverage
- Personal Care and Hygiene
- Oil and Gas
- Pulp and Paper
- Pharmaceutical
- Others
Water treatment currently holds the largest water soluble polymer market share
The report has provided a detailed breakup and analysis of the market based on the end use industry. This includes water treatment, food and beverage, personal care and hygiene, oil and gas, pulp and paper, pharmaceutical, and others. According to the report, water treatment represented the largest market segmentation.
Water treatment dominates the market, which is driven by increasing demand for clean water in industrial and municipal applications. For instance, BASF launched its Zetag series of polymers, enhancing water purification efficiency in wastewater treatment plants.
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Asia-Pacific currently dominates the market
The market outlook report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia-Pacific accounted for the largest water soluble polymer market share.
Asia-Pacific dominates the market, which is driven by strong demand from industries like pharmaceuticals, water treatment, and agriculture. In contrast, countries such as China and India are leading due to rapid industrialization and growing environmental concerns, particularly in water treatment solutions. For instance, Kuraray, a major player, expanded its production of water-soluble polyvinyl alcohol in Asia to meet rising demand in the agriculture and textile sectors. Moreover, this region's economic growth and expanding applications across sectors further boost market leadership.
Competitive Landscape:
The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all market companies have also been provided. Some of the key players in the market 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
- Sumitomo Seika Chemicals Company Ltd.
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
Water Soluble Polymer Market Recent Developments:
- September 2024: Evonik opened a new facility in Darmstadt for drying aqueous dispersions of EUDRAGIT polymers, a key water-soluble polymer for oral drug delivery.
- June 2024: Mondi launched SolmixBag, a water-soluble cement bag made from 100% kraft paper, which disintegrates during cement mixing, reducing dust and waste.
- June 2024: Kuraray introduced water-based polyvinyl alcohol solutions, Kuraray Poval/Exceval, which offer consistent quality, energy savings, customizable blends, and reduced processing costs by eliminating the dissolution process.
Water Soluble Polymer Market Report Scope:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
- Type
- Raw Material Type
- End Use Industry
- Region
|
Types Covered |
Polyacrylamide, Polyvinyl Alcohol, Guar Gum, Gelatin, Xanthan Gum, Polyacrylic Acid, Polyethylene Glycol, Others |
Raw Material Types Covered |
Synthetic, Natural, Semi-Synthetic |
End Use Industries Covered |
Water Treatment, Food and Beverage, Personal Care and Hygiene, Oil and Gas, Pulp and Paper, Pharmaceutical, Others |
Regions Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
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, Sumitomo Seika Chemicals Company Ltd., etc. |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the water soluble polymer market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the global water soluble polymer market.
- The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the water soluble polymer industry and its attractiveness.
- The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.