Market Overview

The global Water-Soluble Polymer Market, according to MRFR, is poised to surpass USD 52.6 Billion by 2025 at a CAGR of 5.2%.

Market Dynamics

Water-soluble polymers are in high demand due to their increasing use in mineral processing, surface painting, enhanced oil recovery, food processing, personal care goods, and pharmaceuticals. Polyvinyl alcohol, casein, polyacrylamide, gelatin, and guar gum are three of the most widely used water-soluble polymers industry.

In the coming years, growing investments in wastewater treatment and industrial water treatment, especially in developing countries, are expected to fuel demand. Furthermore, market players will benefit from environmental innovations such as bio-based acrylamide and improved demand for polyvinyl alcohol polymers in green packaging for use in household goods, personal care, food, and pharmaceuticals during the forecast era.

SNF, CNPC, BASF, and Beijing Hengju have all increased their investments, which is expected to boost growth. Demand will be fuelled by increasing shale gas and wet shale gas production in the United States, China, Algeria, and Australia. However, fluctuating raw material prices are expected to restrict development over the next seven years. Aside from the effect of the COVID-19 pandemic on the development of numerous end-user sectors and supply chain disturbances, strict government restrictions on polymer use would stymie the market’s expansion.

Furthermore, the negative effect on health and the environment is supposed to stymie development. Because of rising environmental issues, the implementation of bio-based acrylamide is expected to open up new business opportunities.

Competitive Landscape

The global water-soluble polymer market is fragmented in nature, with the presence of many players accounting for a less share in the market. SNF Group (France), Kemira (Finland), BASF SE (Germany), Ashland (US) KURARAY CO., LTD. (Japan), DuPont (US), Arkema S.A. (France), The Dow Chemical Company (US), Nitta Gelatin, NA Inc. (US), Gantrade Corporation (US) Akzo Nobel N.V. (Netherlands) Sumitomo Seika Chemicals Co., Ltd. (Japan) and others are the major players of the market.

Segmental Analysis

By raw material, the market has been segmented into synthetic, natural, and semi-synthetic. In 2018, the synthetic segment held the largest market share, and this trend is expected to continue during the forecast period. Polymerization of petroleum or natural gas chemically modifies these polymers. The segment’s growth is expected to be fueled by rising oil and gas production.

Polyacrylamide and copolymers, guar gum and derivatives, gelatin, polyvinyl alcohol, polyacrylic acid, casein, and others make up the market by type segmentation. Polyacrylamide was the largest segment, and it is expected to grow significantly over the forecast period due to rising consumption in pulp and paper, as well as drilling activities. Polyacrylamide demand is expected to rise over the forecast period due to increased use of coagulants and flocculants in wastewater treatment and the mining industry. Due to its easy availability and low price, guar gum and derivatives are also one of the most profitable segments of the market. Guar gum is also widely used in the paper industry because it accelerates mass hydration of paper pulp while reducing the refining process significantly.

By Application, the market has been segmented into wastewater treatment, cosmetic personal care, oil gas, food, pulp paper, pharmaceuticals, and others. Due to rising environmental standards in developing regions regarding wastewater discharge and drinking water purity, the wastewater treatment segment is expected to hold the largest market share. Additionally, rising investments in water treatment in industrial and municipal processes are expected to drive market expansion.

Regional Analysis

In 2018, Asia-Pacific dominated and developed at the highest pace for water-soluble polymers. Increased spending on household goods and personal care, as well as increasing investment in the wastewater treatment industry, are driving demand growth. China, India, Japan, and South Korea are the main contributors to the Asia-Pacific market’s expansion. The growing industrial output of China has placed a lot of pressure on the industry to improve water management and minimise waste discharges into bodies of water. Over the next seven years, rising investment in wastewater treatment in China in line with the 12th Five Year Plan would fuel demand for polymers. In addition, demand will be boosted by India’s rising waste water treatment sector, which is bolstered by government policies that encourage private investment in projects. Despite the fact that China is the first country to be hit by COVID-19 and its associated lockout. It is the first nation to emerge from the siege and begin the long journey back to normalcy. However, since a significant portion of the Chinese economy is dependent on international exports, where demand remains strong, this may have a detrimental effect on the Chinese economy in the immediate future.

The expanding pharmaceutical, food, and oil gas industries are driving the growth of the North American water-soluble polymer industry. Growing shale gas exploration operations, as well as the pharmaceutical and food beverage industries in the United States, Canada, and Mexico, are expected to fuel regional demand expansion. In addition, the high demand for traditional food in this area is expected to drive the water soluble polymer market ahead.

During the forecast period, the European water-soluble polymers market is expected to expand at a moderate pace. The cosmetics and personal care industries’ healthy growth is expected to fuel demand for polymers like guar gum, gelatin, and polyvinyl alcohol, resulting in market growth in the area. As a result of rapid consumption in personal care, detergents, and the oil and gas industry in the United Kingdom, Germany, and Spain, Europe is expected to rise dramatically. I

The rising output of petroleum and natural gas in MEA is expected to boost demand for water-soluble polymers. Saudi Arabia, South Africa, Kuwait, and Qatar were significant contributors to industry development in the MEA. Due to increasing cosmetics use and high pulp and paper demand, Brazil and Mexico are major contributors to the growth of water-soluble polymers in this area. Due to increased enhanced oil recovery activities and the need for soil stabilisation in this area due to high agricultural demand, Latin America is expected to contribute to growth in the coming years.

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.

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