Water Soluble Polymer Market To Reach $ 50.76 Billion By
Pune, India, December 08, 2021 (GLOBE NEWSWIRE) – The world water-soluble polymers market the size was $ 33.02 billion in 2020. The market is expected to grow by $ 34.82 billion in 2021 to $ 50.76 billion in 2028 at a CAGR of 5.5% during the period 2021-2028. This information is provided by Fortune Business Insights â„¢, in its report, entitled, “Water Soluble Polymers Market, 2021-2028.” According to our analysts, inflexible environmental protocols regarding wastewater discharges from industrial companies and ecological fortification could accelerate the demand for products in the years to come.
Impact of COVID-19: Strict government protocols for water management to stimulate demand
The COVID-19 pandemic has had a serious impression, both positive and negative, on the growth of countless end-use industries as well as supply chain turmoil. Strict business rules on polymer deployment are expected to have the opposite effect in the market due to the persistence of coronavirus disease.
Human well-being and environmental protection are calculated as remarkable measures, therefore the spirit of wastewater and water management practices serves the codes imposed by government establishments. In addition, the Water Management Division perceived an unexpected acceleration in demand due to the need for uncontaminated and non-toxic water resources in the midst of the epidemic of early 2020.
List of Key Players Covered By This Water Soluble Polymers Market Report
- Arkema SA (Colombes, France)
- Ashland (Delaware, United States)
- DuPont (Delaware, United States)
- LG Chem (Seoul, South Korea)
- The Dow Chemical (Michigan, United States)
- Nitta Gelatin, NA Inc. (Osaka, Japan)
- BASF SE (Ludwigshafen, Germany)
- SNF (AndrÃ©zieux-BouthÃ©on, France)
- Kuraray Co., Ltd. (Tokyo, Japan)
- Kemira (Helsinki, Finland)
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Cover of the report
We provide our reports which are conducted with an all-inclusive review approach that primarily emphasizes the delivery of accurate material. Our researchers applied a data triangulation method that further helps us to come up with reliable estimates and accurately test general market dynamics. In addition, our analysts have been admitted to numerous international and regional registries funded to provide up-to-date material so that stakeholders and professionals only invest in essential areas.
On the basis of raw materials, the water soluble polymers market is divided into synthetic, natural and semi-synthetic. In terms of region, the global market is categorized into North America, Europe, Asia-Pacific, South America, Middle East, and Africa.
Based on application, the market is categorized into food processing, water treatment, papermaking, detergents, petroleum, and others.
Water treatment was responsible for the majority of the share in 2020 due to the increasing demand for wastewater treatment. The increasing production of waste from several manufacturing companies is intensifying the demand for water management procedures, hence fueling the growth of the water soluble polymers market.
Conductors and constraints
Expanding the oil and gas industry to fuel market growth
Water soluble polymers are widely applied in the oil and gas industry, mainly in the upstream and middle sector. It is used for drilling, finding wells, producing oil and gas wells, controlling deposit formation, cementing, avoidance agents, well stimulation, oil and gas management. petroleum contaminated systems. Oil companies are deeply applying technologies such as hydraulic fracturing and improved chemical methods of oil recovery to achieve a production capacity determined to meet the growing demand for energy.
Hydraulic treatment is expected to be used to power 40% of the world’s total oil wells. In between, most hydraulic fracturing procedures use water-based fracturing fluid to stimulate unusual oil and gas reservoirs.
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The Asia-Pacific region held the maximum market share of water soluble polymers and is expected to be ruled by the growing demand from the wastewater management industry. The municipal and industrialized wastewater treatment segment is expected to swell, due to growing environmental concerns and funds from private and administrative investors to avoid environmental destruction.
North America is expected to see substantial growth due to increasing demand from the oil and gas industry. The increasing demand for water soluble polymers in the oil and gas industry, primarily for well completion, drilling, production and improving the oil recovery price.
Europe is expected to show a remarkable growth rate during the forecast period. The growth of the region is attributed to increasing demand from the detergents and personnel care products industry. Cost-effective liquid cleaners and liquefied dishwashing products use water-soluble polymers as additives.
Main Table of Contents
- Scope of research
- Market segmentation
- Research methodology
- Definitions and assumptions
- Market dynamics
- Market factors
- Market constraints
- Market opportunities
- Key ideas
- Main emerging trends – for the main countries
- Latest technological advances
- Regulatory Analysis
- Recent Industry Developments – Policies, Partnerships, New Product Launches, and Mergers and Acquisitions
- Qualitative Analyzes – Impact of COVID-19 on the Global Water Soluble Polymers Market
- Supply chain challenges
- Measures taken by government / companies to overcome this impact
- Potential opportunities due to the COVID-19 epidemic
Introducing a new product remains a key business tactic by major market players
This market is extremely competitive with significant companies involved in new product innovation, research and development, partnership and acquisition to expand production capabilities, expansion of product portfolio and create expansion of l industry globally.
In February 2021, Aquapak Polymers, a UK-based company, developed an innovative new polymer resin, Hydropol, which was formulated into a standard plastic pellet. The products are believed to remove plastic pollution because they are water soluble and safely biodegrade into mineralized natural biomass, water and carbon dioxide.
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January 2020: Nouryon got the carboxymethylcellulose (CMC) position from JM Huber Corporation. This purchase should expand Nouryon’s product portfolio in CMC, which is a biobased and bearable water-soluble polymer used as a binder, thickener, film-forming and stabilizer.
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