[FURL=https://www.industryarc.com/Report/11731/water-soluble-polymers-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Water soluble polymers market[/FURL] size is forecast to reach US$35.2 billion by 2026, after growing at a CAGR of 5.9% during 2021-2026, owing to the increasing usage of water soluble polymers such as quaternary ammonium compounds, polyacrylamide, polyacrylic acid, hydroxyethylcellulose, tetrachloroethylene in a wide range of applications that includes food processing, water treatment, paper, detergents, textiles, personal care products, pharmaceuticals and more.Key Takeaways
Asia-Pacific dominates the water soluble polymers market, owing to the increasing government initiatives, which are bolstering the growth of the water treatment sector in the region. For instance, the Indian government announced to allocate Rs 3.6 trillion (US$50 billion) to the Jal Jeevan Mission, the government’s ambitious program to provide piped water to all households in the country by 2024.
The rising demand for bio-based acrylamide, as well as its growing use in the pharmaceutical business, will most certainly provide manufacturers with several chances in the future.
The developing cleaning industry, along with the rising demand for personal care and hygiene products, is likely to provide profitable prospects for water soluble polymers market players.
Furthermore, enhanced oil recovery of crude oil has gained huge adoption in the petroleum industry, which is further increasing the demand for water soluble polymers.
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Water Soluble Polymers Market Segment Analysis – By Geography
Asia-Pacific region held the largest share in the water soluble polymers market in 2020 up to 33.6%, owing to the increasing water treatment activities, which is accelerating the demand for water soluble polymers such as quaternary ammonium compounds, polyacrylamide, polyacrylic acid, hydroxyethylcellulose, and tetrachloroethylene in the region. Asia-Pacific governments are also striving to expand water reuse. For example, Suwon City, Korea will build a wastewater treatment facility by 2025 to purify 325,000m3 of wastewater per day and supply industrial water to companies in Suwon and nearby. According to NITI Aayog, by 2030, India’s water demand is projected to be twice the available supply.
Water Soluble Polymers Market Drivers
Expanding Oil & Gas Exploration Activities Sector
Growing Prevalence of Cancer Patients
Water Soluble Polymers Market Landscape
Water soluble polymers market top companies are Arkema SA, Ashland Inc., DuPont, LG Chem, The Dow Chemical Company, Nitta Gelatin Inc., BASF SE, SNF SAS, and Kuraray Group.
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