A recent study by Transparency Market Research (TMR) forecasts that the global water soluble polymers market will grow at a CAGR of 5.9% between 2013 and 2019. TMR, a market intelligence company based in the U.S., states that the global water soluble polymers market will reach a market value of US$29.63 billion by 2019, up from US$23.38 billion in 2012. The report, titled ‘Water Soluble Polymers (Polyacrylamide, Guar Gum, Polyvinyl Alcohol, Casein, Gelatin, Polyacrylic Acid and Others) Market for Water Treatment, Detergent & Household Products, Petroleum, Paper Making and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019’, is available for sale on the website.
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Greater focus on wastewater treatment owing to growing ecological concerns is a key factor that fuels the demand for water soluble polymers. Surging demand for flocculants and coagulants and high production of shale gas and wet shale gas are the other demand drivers for the global water soluble polymers market. Apart from being used as chemical additives, water soluble polymers are used for flocculation, friction reduction, thickening, rheology modification, gelling, coagulation, and dispersion. Ongoing industry trends indicate that extensive oil drilling activities will drive the global water soluble polymers market in the forthcoming years.
The global water soluble polymers market is segmented on the basis of raw materials, types, application, and geography. On the basis of raw materials used, this market is segmented into natural, synthetic, and semi-synthetic. Polyacrylic acid and copolymers, gelatin, casein and caseinates, polyvinyl alcohol, guar gum and derivatives, polyacrylamide and copolymers are some of the commonly used products in the water soluble polymers market. With a market share exceeding 24%, the market for polyacrylamide is anticipated to grow robustly in the forthcoming years. The market for polyacrylamide is driven by high demand from the petroleum and water treatment segments.
Application-wise, the water soluble polymers market is categorized into petroleum, water treatment, detergents, paper making, household products, and others. Food, agriculture, pharmaceuticals, and mining are other major areas of application in the water soluble polymers market. Owing to pressure from regulatory bodies, the water treatment segment is expected to expand substantially in the years to come.
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From the regional perspective, the global water soluble polymers market is segmented into Asia Pacific, North America, Europe, and Rest of the World. Being mature markets, North America and Europe will register average rates of growth during the forecast period. At present, Asia Pacific dominates the global water soluble polymers market and is expected to retain its leading position till 2019. Some of the glaring challenges facing the global water soluble polymers market include fluctuating raw material prices, multiple uses of inputs, and regulatory bottlenecks. The focus of the water soluble polymers market is gradually shifting towards the development and commercialization of bio-based feedstock.
The prominent companies in the global water soluble polymers market are The Dow Chemical Company, SNF Group, Nitta Gelatin Inc., LG Chem, Kuraray Group, Kemira, DuPont, Catalent Pharma Solutions, Arkema SA, and Ashland Inc.
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