What is the global market size of Water Soluble Polymers Market?

Water Soluble Polymers Market size was valued at USD 31.53 billion in 2021 and is poised to grow from USD 33.37 billion in 2022 to USD 54.33 billion by 2030, growing at a CAGR of 5.76% in the forecast period (2023-2030).

Water Soluble Polymers Market Size, Share, Growth Analysis, By Raw Material (Synthetic, Natural, Semisynthetic), By Application (Food Processing, Water Treatment), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15E2370 | Region: Global | Published Date: November, 2024
Pages: 265 | Tables: 74 | Figures: 75

Water Soluble Polymers Market News

In Mar 2022, Kemira started producing a novel polymer at full capacity using biobased feedstock. One of the wastewater treatment facilities operated by Helsinki Region Environmental Services (HSY) received the first commercial quantities for testing. Kemira offers this biomass-balanced polyacrylamide, a water-soluble polymer, as a functionally equivalent alternative for this specific polymer type. These polymers may be used in a number of industries, including the water and energy sectors as well as papermaking applications with significant demand.
In Nov 2021, a peptide sensor was developed by researchers at the Tokyo Institute of Technology to identify water-soluble polymers in wastewater, a severe problem on par with microplastics. The innovative technique creates a machine learning system that can recognize and quantify several pollutants in a single solution via peptide-polymer bonding.
In May 2021, LG Chem will start making bio-based polymers at its two factories. On nine bio-balanced products, including SAP, PO (polyolefin), and PC (polycarbonate) compounds, LG Chem earned ISCC Plus accreditation.

Water Soluble Polymers Market Report Snapshots

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Global Water Soluble Polymers Market size was valued at USD 36.34 billion in 2022 and is poised to grow from USD 38.48 billion in 2023 to USD 57.39 billion by 2031, growing at a CAGR of 5.88% during the forecast period (2024-2031).

The Global 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 (Germany) ', 'Ashland Global Holdings Inc. (USA) ', 'E. I. du Pont de Nemours and Company (USA) ', 'Kuraray Co. Ltd. (Japan) ', 'AkzoNobel N.V. (Netherlands) ', 'SNF Group (France) ', 'Nitta Gelatin Inc.(Japan) ', 'CP Kelco (USA) ', 'The Dow Chemical Company (USA) ', 'Solvay SA (Belgium) ', 'Arkema Group (France) ', 'LG Chem Ltd. (South Korea) ', 'Wacker Chemie AG (Germany) ', 'Sumitomo Seika Chemicals Co. Ltd. (Japan) ', 'Kemira Oyj (Finland) ', 'Anhui Sunsing Chemicals Co. Ltd. (China) ', 'The Lubrizol Corporation (USA) ', 'Shandong Polymer Biochemicals Co. Ltd. (China) ', 'Gelymar SA (Chile) ', 'China National Chemical Corporation (ChemChina) (China)'

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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Water Soluble Polymers Market Size, Share, Growth Analysis, By Raw Material (Synthetic, Natural, Semisynthetic), By Application (Food Processing, Water Treatment), By Region - Industry Forecast 2024-2031

Water Soluble Polymers Market News

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