PUBLISHER: SkyQuest | PRODUCT CODE: 1244219
PUBLISHER: SkyQuest | PRODUCT CODE: 1244219
Global Water Soluble Polymers Market was valued at USD 34.75 billion in 2021, and it is expected to reach a value of USD 51.12 billion by 2028, at a CAGR of 5.2% over the forecast period (2022 - 2028).
The utilization of polymers like polyacrylamide, polyacrylic acids, and acrylic copolymers is prevalent in cleaning and water treatment applications. The increasing investment in wastewater and industrial water treatment, particularly in developed countries, is expected to boost the demand for these polymers in the foreseeable future. The market players in the water-soluble polymers industry stand to benefit from sustainability initiatives such as the production of bio-based acrylamide and the growing usage of polyvinyl alcohol polymers in eco-friendly packaging for various sectors including personal care, food, pharmaceuticals, and household goods.
The water-soluble polymers are in high demand because of their superior characteristics, such as biodegradability, water solubility, and compatibility with various substances. The water treatment, oil and gas extraction, and paper manufacturing sectors, among others, are also fueling the growth of the water-soluble polymers market. Furthermore, advancements in water treatment technologies are expected to provide significant opportunities for market participants. Nevertheless, fluctuations in raw material prices may impede the growth of the water-soluble polymers market
Segments covered in report
The Global Water Soluble Polymers Market is segmented based on the Raw Material, Application, and Region. Based on the Raw Material, the Global Water Soluble Polymers Market is segmented as Synthetic (Polyacrylamide, PVA, Polyacrylic Acid, and Others), Natural (Guar Gum, Gelatin, Xanthan Gum, and Others), Semisynthetic (Methylcellulose, Hydroxyethylcellulose, and Others). Based on the Application, the Global Water Soluble Polymers Market is segmented as Food Processing, Water Treatment, Paper Making, Detergent, Petroleum, and Others. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Drivers
Water-soluble polymers have widespread applications in the upstream and midstream sectors of the oil and gas industry. They are utilized for various purposes such as drilling, well completion, cementing, oil and gas well production, deposit formation management, utilization of diverting agents, and treatment of oil and oil-contaminated systems. To satisfy the increasing energy demand and attain peak production levels, oil companies mainly depend on chemical enhanced oil recovery and hydraulic fracturing methods.
Restrains
High molecular weight polyacrylamide is a commonly used substance in wastewater treatment as a flocculant and in enhanced oil recovery as a viscosity modifier. However, its excessive and inappropriate use can contaminate local water sources and harm the local ecosystem. Although high molecular weight polymers are less harmful to the environment, they may undergo degradation and disintegration due to physical, chemical, and thermal conditions during the process, resulting in changes in their properties. This factor may hinder the overall development of the water-soluble polymers market..
Trends
A study was recently presented by a group of researchers from the United States and Japan, showcasing their findings on novel water-soluble polymers that can withstand high temperatures. Current soluble polymers are not sufficiently heat-resistant to meet the requirements of modern applications that require processing under difficult conditions. On the other hand, highly heat-resistant plastics like polyimides have limited water solubility. The researchers sought to exhibit a new approach to develop a molecular building block for plastic engineering, which can improve the water solubility of polyimides without compromising the backbone structure.