New York
City, 25 January 2019: The Report Polymer Gel Market is anticipated to reach around USD 8,836
million by 2026. In 2017, the personal care segment dominated the global
market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority
share in the global polymer gel market.
The use of polymer gel in wide
applications such as personal care, healthcare, agriculture, pharmaceutical,
and construction among others majorly drives the growth of this market. Growing
awareness regarding personal care and increasing disposable income, especially
in developing regions boost the growth of the. The consumers are increasingly
using products such as contact lenses, cosmetics, and personal care products,
thereby augmenting the growth of polymer gel market. Technological advancements
and increasing applications in pharmaceuticals and healthcare sectors would
provide growth opportunities in the future. New emerging markets, emerging
consumer demographics, and technological advancements would provide growth
opportunities for polymer gel market in the coming years.
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The personal care
segment is expected to lead the market during the forecast period owing to wide
applications in the industry. Polymer gel is used in diapers and female hygiene
products owing to their high absorbing properties. Polymer gel is also used in
cosmetics and contact lenses. Increasing disposable income and
rising awareness regarding personal hygiene boosts the growth of the market.
Competitive Landscape and Key Vendors:
Asia-pacific is expected to lead the
global polymer gel market during the forecast period. A significant rise in the
infant and geriatric population has been registered over the past few years,
boosting the growth of polymer gel market. Increasing awareness personal care
and hygiene, and rising disposable incomes in developing countries of this
region augment the market growth in the region. Increasing application of
polymer gel in healthcare and pharmaceutical also supports growth in this
region. Use of polymer gel in agriculture, construction, and waste
treatment further increases the demand of polymer gel in Asia-Pacific. Polymer
gels are increasingly being used in manufacturing robotic actuators and
artificial muscles. The increasing need of automation in manufacturing and
other industries in the region drive the growth of robotics, thereby
strengthening the market of polymer gel. Leading global players are expanding
their presence in developing nations of China, Japan, India, Indonesia, and
Malaysia to tap the growth opportunities offered by these countries.
The well-known
companies profiled in the report include LG Chemicals Ltd., Chemtex Specialty
Limited, BASF Corporation, Evonik Industries, FIMA Group Ltd, Nippon Shokubai
Co., Ltd., SDP Global Co., Ltd., Sumitomo Seika Chemicals Co., Ltd, Ma’s Group
Inc., and Dow Chemicals among others. These companies launch new products and
collaborate with other market leaders to innovate and launch new products to
meet the increasing needs and requirements of consumers.
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