Global Water Soluble Polymers Market

Water Soluble Polymers Market Size, Share, Growth Analysis, By Raw Material(Synthetic (Polyacrylamide, PVA, Polyacrylic Acid, Others)), By Application(Food Processing, Water Treatment, Paper Making, Detergent), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15E2370 | Region: Global | Published Date: July, 2001
Pages: 265 | Tables: 74 | Figures: 75

Water Soluble Polymers Market Dynamics

Water Soluble Polymers Market Driver

Rising Use in the Oil & Gas Industry

  • In the oil and gas business, especially in the upstream and midstream segments, water-soluble polymers are widely used. It is employed in drilling, well completion, cementing, the production of oil and gas wells, the use of diverting agents, well stimulation, the management of deposit formation, and the treatment of oil and oil-contaminated systems. 
  • Oil companies mainly rely on chemically enhanced oil recovery and hydraulic fracturing processes to reach maximum production levels and meet escalating energy demand.

Water Soluble Polymers Market Restraints

Environmental Effects of Synthetic Water-Soluble Polymer

  • High molecular weight polyacrylamide is frequently used as a flocculant in the treatment of wastewater and as a viscosity modifier in improved oil recovery. Overuse and poor management might contaminate the area's water supplies, harming the flora and animals of the area. 
  • High molecular weight polymers are also less damaging to the environment. However, during the process, these polymers are subjected to a particularly severe mechanical, chemical, and thermal environment. Due to this aspect, high molecular weight materials deteriorate and disintegrate, changing their physical and chemical properties and impeding water soluble polymers market expansion overall.
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Water Soluble Polymers Market size was valued at USD 31.53 billion in 2019 and is poised to grow from USD 33.37 billion in 2023 to USD 54.33 billion by 2031, growing at a CAGR of 5.76% in the forecast period (2024-2031).

The Water Soluble Polymers market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase water soluble polymers market share and profitability. 'BASF SE', 'Ashland Holdings Inc.', 'E. I. du Pont de Nemours and Company', 'Kuraray Co. Ltd.', 'AkzoNobel N.V.', 'SNF Group', 'Nitta Gelatin Inc.', 'CP Kelco', 'The Dow Chemical Company', 'Solvay SA', 'Arkema Group', 'LG Chem Ltd.', 'Wacker Chemie AG', 'Sumitomo Seika Chemicals Co. Ltd.', 'Kemira Oyj', 'Anhui Sunsing Chemicals Co. Ltd.', 'The Lubrizol Corporation', 'Shandong Polymer Biochemicals Co. Ltd.', 'Gelymar SA', 'China National Chemical Corporation (ChemChina)'

In the oil and gas business, especially in the upstream and midstream segments, water-soluble polymers are widely used. It is employed in drilling, well completion, cementing, the production of oil and gas wells, the use of diverting agents, well stimulation, the management of deposit formation, and the treatment of oil and oil-contaminated systems. 

Technological Advances: Ongoing research has enabled new and effective water treatment technologies. Besides, the technological advances might help expand the potential use of water soluble polymers and make them cost-effective.

Rising demand from the wastewater treatment sector is anticipated to be the main driver in the Asia Pacific area. Due to growing environmental concerns and expenditures from corporate and governmental parties to stop ecological harm, the municipal and industrial wastewater treatment industry will increase. Water-soluble polymers are produced and consumed in large quantities in China. Given that the wastewater treatment sector is anticipated to grow over the course of the forecast period, there will likely be an increase in the demand for polymers like polyacrylamide in the region. Polyacrylamide is a common flocculating and coagulating agent in wastewater treatment.

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Global Water Soluble Polymers Market

Report ID: SQMIG15E2370

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