Water Soluble Polymers Market Size, Share and Trend Report

Water Soluble Polymers Market Size, Share and Trend Analysis Report, By Product (Polyacrylamide, Polyvinyl Alcohol, Guar Gum, Gelatin, Cellulose Ether, Casein, Xanthan Gum, Polyacrylic Acid), By Application And Segment Forecasts To 2022

  • Published Date: Feb, 2016
  • Base Year for Estimate: 2015
  • Report ID: 978-1-68038-533-5
  • Format: Electronic (PDF)
  • Historical Data: 2013-2015
  • Number of Pages: 120

Industry Insights

The global water soluble polymers market size was valued at USD 27.30 billion in 2014 and is expected to witness significant growth over the next seven years owing to growing applications in drilling, enhanced oil recovery, mining, wastewater treatment, and food. Growing demand for water soluble polymers as stabilizers, thickeners, film formers, emulsifiers, rheology modifiers, lubricity aids, and conditioners will augment industry growth over the forecast period.

Increasing applications in various sectors including household products, construction, detergents, personal care, food, paints & coatings, and pharmaceuticals are expected to fuel demand over the forecast period. Increasing polyvinyl alcohol consumption for green packaging in light of government support will propel industry growth. Rising consumption owing to superior properties including quick-drying, mild odor, inflammable, and eco-friendly nature will propel industry growth.

U.S. water soluble polymers revenue

Increasing investments by various players including SNF, CNPC, BASF, and Beijing Hengju is expected to stimulate growth. Rising shale gas and wet shale gas production in the U.S., China, Algeria, and Australia will drive demand. However, fluctuating raw material prices over the next seven years are likely to restrain growth. In addition, harmful impact on health and environment is expected to hinder growth. The introduction of bio-based acrylamide on account of growing environmental concerns is likely to open new market avenues.

The Asia Pacific dominated the water soluble polymers market the trend is expected to continue over the forecast period. Rising personal care, food & beverages, and the pharmaceuticals sector in China, India, and Indonesia is likely to propel demand growth. Growing investment for wastewater treatment in China owing to the 12th Five Year Plan will drive demand for water soluble polymers over the next seven years.

However, fluctuating raw material prices over the next seven years are likely to restrain growth. In addition, harmful impact on health and environment is expected to hinder growth. The introduction of bio-based acrylamide on account of growing environmental concern is likely to open new market avenues.

Product Insights

Water soluble polymers market includes various product segments including polyacrylamide, polyvinyl alcohol, guar gum, polyacrylic acid, cellulose ether, gelatin, casein, xanthan gum and others including polyethylene glycol, polyamides, maleic anhydride, and polyvinylpyrrolidone (PVP).

Polyacrylamide was the largest segment and accounted for over 25.0% of the market volume in 2014 and will witness major growth over the forecast period in light of increasing consumption in pulp & paper and drilling activities. Growing usage of coagulants and flocculants in wastewater treatment along with the mining sector is expected to spur demand for polyacrylamide over the forecast period.

Cellulose ether was the third-largest market and accounted for over 680.0 kilo tons in 2014 and is expected to witness significant growth as a result of rising applications in various industries including food, cosmetics, pharmaceuticals, paper, textile, construction, and paints & coatings over the next seven years.

Rising demand for water soluble PVA films as green packaging in agrochemicals and detergents owing to government initiatives is expected to fuel demand for polyvinyl alcohol. Mounting polyacrylic acid consumption in detergents is further expected to increase its market share over the next seven years.

Application Insights

Water-soluble polymers find applications in various sectors including water treatment, oil & gas, personal care & detergents, food, pulp & paper, pharmaceuticals, and others including construction, mining, paints, explosives, agriculture, adhesives, and textiles.

Water treatment was the largest application segment in 2014 accounting for over 24.0% of market demand and is expected to witness significant growth in light of rising ecological concerns coupled with the implementation of stringent environmental standards in various countries including the U.S., China, Germany, and the U.K. Owing to pressure from regulatory bodies, the segment will expand substantially over the upcoming years. Environmental regulations concerning drinking water purity and wastewater discharge stimulate the use of synthetic polymers.

Global water soluble polymer market

Oil & gas is expected to grow at a CAGR of 6.4% in terms of revenue from 2015 to 2022 on account of growing shale gas production in various countries including the U.S., Canada, Mexico, China, Australia, Africa, Argentina, and Brazil. Also, increasing drilling and completion activities in the U.S., UK, Brazil, China, and Canada is further expected to fuel market size. Increasing the pharmaceutical industry in the U.S., China, and India is predicted to offer substantial opportunities for growth.

Regional Insights

The Asia Pacific was a dominant market in 2014 accounting for over 40.0% of the global revenue share and will show high growth on account of rising personal care, food & beverages, and the pharmaceuticals sector in China, India, and Indonesia. Growing investment for wastewater treatment in China in accordance with the 12th Five Year Plan will drive demand for polymers over the next seven years. In addition, the growing waste water treatment industry in India owing to supportive government policy encouraging private investments in projects will stimulate demand.

North America is expected to grow at a CAGR of over 4.5% from 2015 to 2022 in terms of volume on account of shale gas boom coupled with growing pharmaceuticals and food & beverage sectors in the U.S., Canada, and Mexico. Europe is likely to show substantial growth as a result of rapid consumption in personal care, detergents, and the oil & gas sector in the U.K., Germany, and Spain. In the MEA, major countries contributing to industry growth were Saudi Arabia, South Africa, Kuwait, and Qatar. The major application industries were oil field products, water treatment, construction, and paints & coatings.

In Latin America, Brazil was the largest sub-regional market, owing to the rising disposable income of consumers and rapid urbanization. Latin America is also predicted to add to the growth over the upcoming years on account of increasing enhanced oil recovery activities and the need for soil stabilization in this region owing to high agricultural production.

Water Soluble Polymers Market Share Insights

The global industry is highly competitive with major companies involved in constant product innovation and R&D activities. Key players include Ashland Inc., Arkema SA, DuPont, The Dow Chemical Company, BASF, Gantrade, Nitta Gelatin Inc., Kuraray Group, SNF Group, Kemira Oyj, AkzoNobel, Gelita AG, Shandong polymers Bio-chemicals Co. Ltd., Sumitomo Seika Chemicals Company, and CP Kelco.

SNF Group offers various polymers having wide applications in mining, paper, cosmetics, and the petroleum sector. Ashland Nexton offers unique textures in gypsum, cement, and latex-based products thereby improving cohesiveness, workability, and appearance of building material. AkzoNobel Alcoguard uses innovative hybrid bio-polymers technology which offers effective performance and an improved environmental profile for the detergent sector.

Report Scope

Attribute

Details

Base year for estimation

2015

Actual estimates/Historical data

2012 - 2014

Forecast period

2016 - 2022

Market representation

Volume in Kilotons, Revenue in USD Million & CAGR from 2016 to 2022

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Country Scope

The U.S., Germany, China, India, Brazil

Report coverage

Volume Forecast, Revenue forecast, competitive landscape, growth factors and trends

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