Global Water-Soluble Polymer Market 2017-2021
About Water-soluble Polymer
Water-soluble polymers are chemical compounds with hydrophilic groups that contain macromolecules derived synthetically or naturally. The naturally derived water-soluble polymers are derived from plants. Synthetic water-soluble polymers are derived from the chemical processing of petrochemicals such as propylene, which is a prime source of acrylonitrile and acrylamide. Most of these synthetic water-soluble polymers are considered as biodegradable in nature. This eco-friendly characteristic is driving the demand for water-soluble polymers worldwide.
Technavio’s analysts forecast the global water-soluble polymer market to grow at a CAGR of 5.83% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global water-soluble polymer market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Water-soluble Polymer Market 2017-2021
Technavio recognizes the following companies as the key players in the global water-soluble polymer market: Akzo Nobel, Arkema, Ashland, BASF, and The Dow Chemical Company.
Other Prominent Vendors in the market are: Chemstar Products Company, KURARAY, Solvay, SNF Group, and Sigma-Aldrich.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing demand from the pharmaceutical industry. Water-soluble polymers are used in the making of drug delivery systems in pharmaceutical industries. For instance, polyacrylamides that contain less than 0.18% of acrylamide monomers are used in soft-shell gelatin capsules for the film-forming purpose. The pharmaceutical industry is growing at a rapid pace due to the increasing rate of diseases.”
According to the report, one driver in the market is increasing initiatives toward guar planting. Guar gum is derived from the endosperms of guar plants. India is the leading producer of guar gum, accounting approximately 81% of the global value. Rajasthan is the leading Indian state that produces approximately 70.12% of guar in India. The Indian government offers subsidies to encourage more guar plantation in the country. Currently, the government is offering 50% subsidy on micronutrient and bio-pesticides utilized in guar plantation. Some vendors, along with cosmetic companies, are undertaking projects to teach farmers on sustainable cultivation methods of guar gum.
Further, the report states that one challenge in the market is increasing economic downturns worldwide. Unforeseen macroeconomic obstacles are expected to indirectly hamper the demand for water-soluble polymers. This was witnessed in the past, during the economic recession of 2008, and recently, with the advent of Brexit and change of presidency in the US. This led to a significant decline in investment patterns of the manufacturing industries, citing new policies and uncertain ROI (Return on investment). Some European countries are still recovering from the Eurozone crisis in 2009, which resulted in low monetary outcome from the manufacturing sector due to financial constraints. Also, post-Brexit, changes in trade agreements between EU countries and the UK has affected the manufacturing industry.
Akzo Nobel, Arkema, Ashland, BASF, and The Dow Chemical Company, Chemstar Products Company, KURARAY, Solvay, SNF Group, and Sigma-Aldrich.
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