What is Polymer Gel Market?
Polymer gel is defined as the gel which is a mixture of solid polymers and liquid electrolytes. It helps to reduce the amount of fertilizers in agriculture and it prevents leaching of fertilizers in the ground. It contains three-dimensional cross-linkage that provides important deformation properties of the gel. Rising demand for polymer-based biodegradable products from the agriculture sector, the super-absorbing property of the polymer gel, increasing requirement from various application industries such as personal care & cosmetics, medical, electrical & electronics, among others are expected to drive the global polymer gel market growth.
The market study is being classified by Type (Hydrogel and Aerogel), by Application (Personal Care & Cosmetics, Medical, Electrical & Electronics, Construction, Fire Protection, Oil & Gas, Environmental, Packaging, Paints & Coatings, Agriculture, Outdoor Gear & Apparel, Space Exploration, Transportation and Food Processing) and major geographies with country level break-up.
BASF SE (Germany), LG Chem Ltd. (South Korea), Evonik Industries AG (Germany), Nippon Shokubai Co., Ltd., (Japan), Sumitomo Seika Chemicals Co., Ltd. (Japan), Archer Daniels Midland Company (United States), Aspen Aerogels, Inc. (United States), Cabot Corporation (United States), Chemtex Speciality Limited (India) and SNF Holding Company (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Katecho, Inc. (United States) and Aerogel Technologies, LLC (United States).
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global polymer gel market can witness an upsurge in the forecast period. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Polymer Gel market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Polymer Gel market by Type, Application and Region.
On the basis of geography, the market of Polymer Gel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Penetration of Digital Technology for Marketing Personal Care Products
- Rising Demand for Food Coupled with Increasing Government’s Support
Market Trend
- Adoption of Smart Farming Techniques
Restraints
- Availability of Substitute Material Regarding Polymer Gel
- Stringent Regulation Regarding the Usage of Glucose Concentration in Synthetic Polymer Gels
Opportunities
- Growing Demand from Emerging Economics such as India, China, and others
In October 2018, the Evonik Industries AG (Germany) Company had launched Visiomer Products, which is composite resins, and gel coats. Hence, this product launched has helped to strengthen the polymer gel product portfolio. and In October 2016, the BASF SE (Germany) Company had launched Lavergy products, which is suitable for the formulation of liquid laundry detergents and gels. Hence, it will increase the product portfolio of the company.
Key Target Audience
Manufacturers of Polymer Gel, Suppliers of Polymer Gel, Wholesalers, Distributors and Retailers of Polymer Gel, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others