Water Soluble Elastomers Market Forecast and CAGR
According to latest research by Fact.MR., the water soluble polymer market is set to witness stable growth over the period 2021-2031. Owing to the increased growth of the shale gas industry, oil production from unconventional basins and water treatment industries, the market is expected to witness incremental demand. Growing concerns regarding marine and water pollution in several countries and increased spending by governments on the water treatment and various industrial effluent treatment is helping the demand for water soluble elastomers to rise.
What is Driving Demand for Water Soluble Elastomers?
With the growing adoption of increasingly stringent regulations made for the disposal of sewage water from numerous industries, the global market of water soluble elastomers is estimated to witness considerable growth in the coming years. The use of these polymers as flocculants in the treatment of sewage water and in the enhanced oil recovery to eradicate unnecessary expenditure is resulting in higher demand for the product.
Varied use of water soluble elastomers is also seen in the industries of personal care, cosmetics, household care and pharmaceuticals. Due to urbanization and growth in the purchasing power of customers with the growing concern about person al hygiene, the need and demand for personal and household care products is also growing. These factors are estimated to increase the demand for these elastomers to be used as thickening agents.
Numerous other applications in end use industries like food, paper, pharmaceuticals, textiles and paint industry are also leading to be a lucrative avenue for the producers and the manufacturers.
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Wastewater treatment sector likely to augment sales of Water Soluble Elastomers
Due to its properties of being water soluble flocculants and the rising concerns of aquatic pollution and related treatment measures, stringent pollution prevention & waste treatment policies have been enacted by various governments. Such regulations in the major economies are expected to drive the demand for the water soluble elastomers in the water treatment industry especially in the regions of APAC, North America and Europe.
Despite to the ongoing covid-19 crisis, the water treatment industry witnessed steady growth and is expected to grow, thus, driving the demand for the water soluble elastomers in the forecast period.
APAC Water Soluble Elastomers Market Outlook
China is one of the largest market for water soluble elastomers as water treatment industry in this region is consistently growing due to growing investments for wastewater treatment, in accordance with their 13th five year plan and constant focus of the government on the availability of fresh water and curbing of marine pollution. This in turn has also increased the demand of the elastomers in the region of APAC. In India, investments in water treatment projects of various companies such as Suez and Abengoa could help the market of water soluble elastomers to increase.
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Europe Demand Outlook for Water Soluble Elastomers
As a result of rapid consumption in personal care, detergents, and the oil and gas industry in the United Kingdom, Germany, and Spain, a significant rise in demand is expected to be realized in the applications of thickeners, emulsifiers and texture stabilizer of the water soluble elastomers.
The Europe market, driven by Germany, UK, Italy, France, etc. is expected to see some growth in the polyacrylamide market due to its strict regulations pertaining to sewage water disposal by the European commission.
US and Canada Outlook for Water Soluble Elastomers
The U.S. is also one of the major markets along with China due to its huge oil and gas extraction sector. Extensive use of hydraulic fracturing technology in the oil and gas industry and also in the shale gas exploration process is further expected to drive the market of these elastomers. The market of North America is expected to further grow due to its ever-changing and fast-growing cosmetic industry that would further boost the market for these elastomers.
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Who are the Key Manufacturers and Suppliers of Water Soluble Elastomers?
Some of the leading manufacturers and suppliers include -
- Shandong polymers Bio-chemicals Co. Ltd.
- BASF company
- SNF Group
- DuPont company
- CP Kelco US Incorp.
- Arkema Group
- The Dow Chemical Company
- Nitta Gelatin Inc.
- Kuraray Group
- SNF Group
- Kemira Oyj
- Gelita AG
- Sumitomo Seika Chemicals Company
- Kemira OYJ
- J.M. Huber Corporation
- Mitsubishi Chemical Holdings Corporation
- LG Chemicals Ltd.
The manufacturers are placing increased emphasis on the technology used in production, for instance the use of polyvinyl alcohol technology. Manufacturers are now focusing on improving the product by serving various other complementary functionalities and investing in technologies to improve the industrial process efficiency so as to meet the projected demand.
- Detailed overview of parent market
- Changing market dynamics in the industry
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- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
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- Polyethylene Glycol
- Guar Gum
- Polyvinyl Alcohol
- Xanthan Gum
- Polyacrylic Acid
- Others like Cellulose Ethers, Pectin, and Starch
- Water Treatment industry
- Food and Beverage industry
- Personal Care and Hygiene
- Oil and Gas industry
- Pulp and Paper industry
- Pharmaceutical industry
- Other End-user Industries
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- East Asia
- South Korea
- South Asia Pacific
- ASEAN Countries
- Rest of South Asia Pacific
- Middle East and Africa
- GCC Countries
- Northern Africa
- South Africa
- Rest of MEA
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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