Water Soluble Polymers Market To Reach $58.94 Billion By 2030

Water Soluble Polymers Market Growth & Trends

The global water soluble polymers market size is anticipated to reach USD 58.94 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 6.9% from 2024 to 2030. Increasing demand for water-soluble Polymers in water treatment, EOR techniques, drilling, and fracking is expected to increase market size over the next seven years.

Growing personal care and detergents sector in various countries including India, China, U.S., and Saudi Arabia is likely to increase demand. Increasing usage of water-soluble Polymers as dispersing and suspending agents, gellants, stabilizers, flocculants and coagulants, film-formers, thickeners, humectants, binders, and lubricants will drive industry growth. Mounting consumption in various sectors including paper, mining, agriculture, and textile is expected to drive demand over the forecast period.

Rising environmental concerns and increasing efforts to modernize municipal water treatment facilities on account of strict wastewater management and municipal water standards is expected to augment industry growth. Asia Pacific is expected to witness high growth as a result of booming food & beverage sector, increasing investment by companies along with growing number of the manufacturing facilities by BASF and SNF in China. However, fluctuating raw material prices are expected to restrict growth over the next seven years.

Polyacrylamide was the largest segment in 2014 and is expected to gain market share in light of increasing consumption in drilling activities, wastewater treatment along with the pulp & paper sector. Polyacrylamide is expected to witness the fastest growth at a CAGR of 6.5% from 2015 to 2022 on account of growing consumption in mining and wastewater treatment owing to stringent environmental regulations

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Water Soluble Polymers Market Report Highlights

• The polyacrylamide segment accounted for a leading revenue share of 26.8% in the global market in 2023. Polyacrylamide is widely used in water treatment due to its flocculating and coagulating properties, which aid in removing suspended particles from water. 

• The water treatment segment accounted for the largest revenue share in 2023. As manufacturing, mining, and energy generation industries continuously expand their operations, a corresponding increase in industrial wastewater is generated. 

• The Asia Pacific water soluble polymers market accounted for the largest revenue share of 45.4% in 2023. The regional food and beverage industries have become significant water-soluble polymers consumers.

Water Soluble Polymers Market Segmentation

Grand View Research has segmented the global water soluble polymers market report based on product, application, and region:

Water Soluble Polymers Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Polyacrylamide

• Polyvinyl Alcohol

• Guar Gum

• Cellulose Ether

• Gelatin

• Xanthan Gum

• Casein

• Polyacrylic Acid

• Others

Water Soluble Polymers Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Water Treatment

• Food

• Personal Care & Detergents

• Oil & Gas

• Paper

• Pharmaceuticals

• Others

Water Soluble Polymers Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Russia

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Indonesia

  • Vietnam

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List Of Key Players in the Water Soluble Polymers Market

• BASF

• Ashland

• DuPont

• KURARAY CO., LTD.

• Akzo Nobel N.V.

• SNF

• NITTA GELATIN, INC.

• CP Kelco U.S., Inc.

• Solvay

• Arkema

• LG Chem

• Wacker Chemie AG

• SUMITOMO SEIKA CHEMICALS CO.,LTD.

• Kemira

• Anhui Sunsing Chemicals Co.,Ltd.