According to the latest report from IMARC Group, the global polymer gel market is expected to grow at a CAGR of around 5% during the period 2021-2026.
SHERIDAN, WYOMING, USA, Jan. 31, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report “Polymer Gel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, The Le The global polymer gel market showed stable growth over the period 2015-2020. Looking ahead, IMARC Group expects the market to grow at a CAGR of around 5% during the period 2021-2026.
A polymer gel is a soft, moist material that can undergo considerable deformation under the influence of external stimuli such as temperature, ionic strength and hydrogen potential (pH). It is mainly used in sensors, actuators and modulators for drug delivery and separation of different polymers. Apart from that, it also finds applications in robotics, petrochemicals, chemical manufacturing, and paints and coatings all over the world.
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One of the major factors enhancing the growth of the market is the increasing use of polymer gel due to its low sticking, absorbent and non-greasy properties. It is also used in personal care and cosmetic products like face masks, mascaras, cuticle coats and clear gels. Furthermore, there is a significant increase in the demand for biodegradable polymers to reduce the use of fertilizers, improve the quality of water retention of crops, and minimize the overall cost of irrigation. Additionally, major players are introducing new technologies and improving existing formulations to increase their market share.
Breakdown by raw material:
Breakdown by application:
Drug delivery system
Market Breakdown by Region:
North America (USA, Canada)
Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, UK, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, others)
Middle East and Africa
Competitive landscape with a key player:
Chemtex Specialty Limited
Evonik Industries AG
Nippon Shokubai Co.Ltd
Sanyo Chemical Industries Ltd.
SUMITOMO SEIKA CHEMICALS CO. LTD.
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