Growth in Demand from Petrochemical Industry Expected to Drive Global Industrial Grade Hydrogel Market: Ken Research

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Hydrogel is a cross-linked three dimensional (3D) polymeric structure that fascinates and retain considerable amounts of water. Its ability to absorb water ascends from hydrophilic functional groups attached to the polymeric backbone. It is used in coal dewatering, drug delivery systems, agriculture, hygienic products, packaging, food additives, tissue engineering etc. It is also used for food packaging and has great potential as carriers of bioactive components. It controls the moisture generated by food materials when packaged with higher water content. Although, it is not widely use in the food packaging but offers innovative or potential applications in the food packaging field. Some products have to be stored in an adaptable humidity environment in order to preserve the products. Hydrogel is an ideal high-quality for humidity control applications. The increasing demand for ecofriendly products in order to overwhelmed problems such asenvironmental issues, sustainability, and biodegradability boosts the demand for hydrogel during the forecast period.

Global Industrial Grade Hydrogel MarketAccording to study, “Global Industrial Grade Hydrogel Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global industrial grade hydrogel market are Smith & Nephew United Plc., ConvaTec Inc., 3M Company, Coloplast, Derma Sciences, Molnlycke Health Care, Axelgaard, Ocular Therapeutix, Paul Hartmann, NIPRO PATCH, Covidien, ESI BIO, Ashland, Ambu.

Based on form type, industrial grade hydrogel market is segmented into crystalline form, semi-crystalline form and amorphous form (non-crystalline). Based on raw material, market is segmented into synthetic, natural and hybrid hydrogel. Synthetic hydrogel segment is expected to witness higher growth rate owing to growth in consumption in drug delivery systems and biotechnology & medicine during the forecast period. Based on composition, market is segmented into polyacrylate, silicone, polyacrylamide and others (Agar and poly vinyl pyrrolidone (PVP)).Polyacrylate segment holds major share in market due to its superior properties, for instance high water retention ability and flexibility. In addition, based on application, market is segmented into pharmaceutical & medical, petrochemical, architecture and others.

The industrial grade hydrogel market is driven by rise in investments in product focused research & development (R&D), followed by wide range of applications & advantage over conventional products and high growth in end-user industries. However, potential environmental hazard and relatively complex process and high production cost may impact the market. Moreover, increase in R&D through Collaboration between institutes and companies is a key opportunity for market.

Based on geography, the North-American is a leading region in globalindustrial grade hydrogel market owing to rise in demand from petrochemicals and oil & gas industry and increase in number of both international and domestic players in the region. Whereas, the Asian-Pacific and European regions are expected to exhibit substantial growth rate due to growth in architecture industry, increase in urbanization & rise in population over the forecast period. In upcoming years, it is estimated that the market will be reached at quick pace as a result of rise in disposable income and growth in technological advancements during the forecast period.

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Global Industrial Grade Hydrogel Market

Related Reports:-

Global Industrial Grade Hydrogel Market Analysis 2013-2018 and Forecast 2019-2024

Global Industrial Grade Hydrogel Market Status and Future Forecast 2015-2024

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Ken Research

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