According to a new research
published by Polaris Market Research the worldwide Polymer
Gel Market is anticipated to reach around USD 8,836 million by
2026. In 2017, the personal care segment dominated the global market, in terms
of revenue. In 2017, Asia-Pacific accounted for the majority share in the
global polymer gel market.
The use of polymer gel in wide applications such as
personal care, healthcare, agriculture, pharmaceutical, and construction among
others majorly drives the growth of this market. Growing awareness regarding
personal care and increasing disposable income, especially in developing
regions boost the growth of the. The consumers are increasingly using products
such as contact lenses, cosmetics, and personal care products, thereby
augmenting the growth of polymer gel market. Technological advancements and
increasing applications in pharmaceuticals and healthcare sectors would provide
growth opportunities in the future. New emerging markets, emerging consumer
demographics, and technological advancements would provide growth opportunities
for polymer gel market in the coming years.
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Asia-pacific is expected to lead the global polymer
gel market during the forecast period. A significant rise in the infant and
geriatric population has been registered over the past few years, boosting the
growth of polymer gel market. Increasing awareness personal care and hygiene,
and rising disposable incomes in developing countries of this region augment
the market growth in the region. Increasing application of polymer gel in
healthcare and pharmaceutical also supports growth in this region. Use of
polymer gel in agriculture, construction, and waste treatment further increases
the demand of polymer gel in Asia-Pacific. Polymer gels are increasingly being
used in manufacturing robotic actuators and artificial muscles. The increasing
need of automation in manufacturing and other industries in the region drive
the growth of robotics, thereby strengthening the market of polymer gel.
Leading global players are expanding their presence in developing nations of
China, Japan, India, Indonesia, and Malaysia to tap the growth opportunities
offered by these countries.
The personal care segment is expected to lead the
market during the forecast period owing to wide applications in the industry.
Polymer gel is used in diapers and female hygiene products owing to their high
absorbing properties. Polymer gel is also used in cosmetics and contact lenses.
Increasing disposable income and rising awareness regarding
personal hygiene boosts the growth of the market.
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The well-known companies profiled in the report
include LG Chemicals Ltd., Chemtex Specialty Limited, BASF Corporation, Evonik
Industries, FIMA Group Ltd, Nippon Shokubai Co., Ltd., SDP Global Co., Ltd.,
Sumitomo Seika Chemicals Co., Ltd, Ma’s Group Inc., and Dow Chemicals among
others. These companies launch new products and collaborate with other market
leaders to innovate and launch new products to meet the increasing needs and
requirements of consumers.
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