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Water Soluble Polymer Market - Growth, Trends, and Forecast (2022 - 2030)
SKU ID : INH-14244322 | Publishing Date : 01-Apr-2019 | No. of pages : 115
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Market Overview
The water soluble polymer market is expected to register a CAGR of over 4% during the forecast period, 2019 - 2024. The major factors driving the market studied include growing shale gas industry in North America and the growing water treatment industry in Asia-Pacific. Government regulations on polymer usage is expected to significantly hinder the growth of the market studied.
- The North America and Asia-Pacific regions are expected to dominate the global market during the forecast period.
- Increasing demand for bio-based acrylamide is likely to act as opportunities in the future.
Key Market Trends
Growing Demand from the Water Treatment Industry
- The water-soluble polymer market is dominated by the water treatment industry. This is due to the heavy requirement of water-soluble polymers in applications, such as flocculation and coagulation, in order to separate suspended materials from aqueous solutions. It further aids in sludge dewatering at various separation steps.
- The water treatment industry is dominated by Europe and North America, following strict regulations established by their respective governments in both the municipal and wastewater sectors.
- The water treatment market is expected to grow at a rapid rate during the forecast period, especially in the Middle Eastern economies, in response to the diminishing freshwater resources.
- The government has taken many initiatives to deal with water scarcity and for promoting economic growth.
- There has been an increase in commercialization of new concepts for desalination, including forward osmosis, membrane distillation, tri-hybrid applications using nano-filtration, and low-temperature distillation. These technologies are expected to increase efficiency and decrease the energy requirement.
- Hence, the demand for water soluble polymers from the water treatment sector is expected to grow during the forecast period.
North America is Expected to Experience the Highest Market Growth
- North America is expected to experience the highest growth rate during the forecast period, owing to the demand from countries, such as United States, Canada, etc.
- The growing shale gas industry in the United States, with growing exploration activities, has been the major reason for the growth of the market studied during the forecast period.
- Apart from this, growing end users, like water treatment and food and beverages in the country are also augmenting the growth.
- Canada is expected to be the second-largest market after the United States in the North American region. The country is expected to achieve steady growth, with the growth of industries, such as water treatment, food processing, laundry, oil and gas, pharmaceutical, and personal care.
- Additionally, increasing investment and new projects for water treatment plants are further expected to augment the growth of the market studied in the country.
Competitive Landscape
The water soluble polymer market is partially consolidated in nature. Some of the major players of the market studied include Nouryon, BASF SE, Ashland, and DowDuPont, among others.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
The water soluble polymer market is expected to register a CAGR of over 4% during the forecast period, 2019 - 2024. The major factors driving the market studied include growing shale gas industry in North America and the growing water treatment industry in Asia-Pacific. Government regulations on polymer usage is expected to significantly hinder the growth of the market studied.
- The North America and Asia-Pacific regions are expected to dominate the global market during the forecast period.
- Increasing demand for bio-based acrylamide is likely to act as opportunities in the future.
Key Market Trends
Growing Demand from the Water Treatment Industry
- The water-soluble polymer market is dominated by the water treatment industry. This is due to the heavy requirement of water-soluble polymers in applications, such as flocculation and coagulation, in order to separate suspended materials from aqueous solutions. It further aids in sludge dewatering at various separation steps.
- The water treatment industry is dominated by Europe and North America, following strict regulations established by their respective governments in both the municipal and wastewater sectors.
- The water treatment market is expected to grow at a rapid rate during the forecast period, especially in the Middle Eastern economies, in response to the diminishing freshwater resources.
- The government has taken many initiatives to deal with water scarcity and for promoting economic growth.
- There has been an increase in commercialization of new concepts for desalination, including forward osmosis, membrane distillation, tri-hybrid applications using nano-filtration, and low-temperature distillation. These technologies are expected to increase efficiency and decrease the energy requirement.
- Hence, the demand for water soluble polymers from the water treatment sector is expected to grow during the forecast period.
North America is Expected to Experience the Highest Market Growth
- North America is expected to experience the highest growth rate during the forecast period, owing to the demand from countries, such as United States, Canada, etc.
- The growing shale gas industry in the United States, with growing exploration activities, has been the major reason for the growth of the market studied during the forecast period.
- Apart from this, growing end users, like water treatment and food and beverages in the country are also augmenting the growth.
- Canada is expected to be the second-largest market after the United States in the North American region. The country is expected to achieve steady growth, with the growth of industries, such as water treatment, food processing, laundry, oil and gas, pharmaceutical, and personal care.
- Additionally, increasing investment and new projects for water treatment plants are further expected to augment the growth of the market studied in the country.
Competitive Landscape
The water soluble polymer market is partially consolidated in nature. Some of the major players of the market studied include Nouryon, BASF SE, Ashland, and DowDuPont, among others.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
