Water soluble polymers are components or substance that dissolve, disperse or swell in water and are obtained from a wide range of sources Including natural, synthetic and semi-synthetic. The natural water soluble polymers are basically obtained from plant, microbial and animal sources. Synthetic water soluble polymers are derived by either chemical modification of natural polymers or from microbial sources. Both, natural and semisynthetic water soluble polymers are polysaccharides, which vary substantially in their basic sugar units, linkages and substituents.
The global market is estimated and forecasted in terms of volume (KT) and revenue (USD million) generated by the water soluble polymers market. Water soluble polymers market is primarily driven by increasing demand from end user application like water treatment, petroleum and personal care products industry and rising demand for environment friendly and less expensive products. However, unfavourable factors hindering the growth of water soluble polymers market includes material inconsistency and fluctuation in the prices of raw materials.
The report analyses the water soluble polymers market based on raw material, type, application and geography.
Based on raw material the global water soluble polymers market is segmented into synthetic, natural and semi-synthetic. In 2017, synthetic segment accounted for the largest share of the water soluble polymers market and is projected to maintain its dominance over the forecast period. The largest share of the synthetic segment is attributed to its increasing demand for coagulants and flocculants from the water treatment industry, easy availability and low cost as compared to natural and semi-synthetic.
Based on type, the global water soluble polymers market is categorized into polyacrylamide, guar gum, polyvinyl alcohol, casein, gelatine, polyacrylic acid & copolymers and other. Other including polysaccharides, PEG and quaternary ammonium compounds. In 2017, polyacrylamide segment leads the global water soluble polymers market and is estimated to register for highest CAGR during the forecast period, owing to increasing consumption in pulp & paper and drilling activities.
By application, the water soluble polymers market is bifurcated into, water treatment, detergent & household products, petroleum, paper making and others. Others include mining, agriculture and food & pharmaceuticals. Water treatment segment, by application dominated the global water soluble polymers market in 2017 and is expected to witness significant growth over the projected period. Factors such as rising ecological concerns and implementation of stringent environmental standards in various developed and developing countries including the U.S., China, Germany, and the UK are propelling the growth of the water treatment application segment in the global water soluble polymers market.
By geography, the global water soluble polymers market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world. Rest of the world includes Latin America, and Middle East & Africa. In 2017, Asia Pacific dominated the global water soluble polymers market. Asia Pacific accounted for the largest market share in 2017 and is expected to grow at the highest CAGR during the forecast period. The major factor driving the growth of the water soluble polymers in Asia Pacific is rising investment for wastewater treatment by the government and rapid industrialization in develop and developing countries like China and India.
Some of the key participants of the global water soluble polymers market are E. I. DU Pont De Nemours, KURARAY CO., LTD, LG Chem, SNF Group, Arkema Group, Ashland, BASF SE, Catalent, Inc, Gelita AG, Kemira, Mitsubishi Chemical Corporation, Nitta Gelatin, NA Inc, The Dow Chemical Company and Sumitomo Chemical Co., Ltd. The water soluble polymers market players are adopting various strategies like mergers, acquisitions, agreements and new product development to attract and retain the customers globally. SNF Group is the largest manufactures of polyacrylamide and offers a wide range of products mostly used in mining, paper, cosmetic and petroleum sector.
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