Ocean View, Delaware, Sept. 21, 2017 (GLOBE NEWSWIRE) --
Water Soluble Polymer Market share will cross USD 38 billion by 2024; according to a new research report by Global Market Insights, Inc. High growth in consumption in the water treatment industry will augment the demand for these products throughout the forecast years. The rising demand from oil & gas industry for reducing the hydrate formation in the oil pipelines will further complement the global water soluble polymer market size during the forecast timeframe.
These polymers are used in various industry verticals such as pharmaceuticals, chemicals, mining, F&B and textiles. High growth in consumption of these products across all these industry verticals will drive their demand, and will eventually drive the demand throughout the forecast period. In further, the rising demand for wastewater treatment in the developing nations of Asia Pacific and Latin America will give a significant boost to water soluble polymer market size.
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This market is also subjected to some restraints over the forecast period. Fluctuating raw material prices will likely present a significant challenge to the existing players. This market will also be liable to hinder, due to bearing a threat of showing negative impacts on the environment as well as humans.
Polyacrylamide & copolymers held the largest water soluble polymer market share in 2016. The product is primarily used for its excellent thermal stability, solubility, high miscibility, and non-toxicity. They are mainly utilized in treating wastewater, where there are more suspended solid particles. This segment is projected to grow at a moderate CAGR due to its eco-friendly features.
Browse key industry insights spread across 142 pages with 170 market data tables & 12 figures & charts from the report, “Water Soluble Polymer Market Size By Product (Polyacrylamide & Copolymers, Guar Gum & Derivatives, Polyvinyl Alcohol, Casein, Gelatin, Polyacrylic Acid & Copolymers), By Application (Water Treatment, Detergents & Household Products, Paper Making, Petroleum), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Argentina, Brazil, Mexico, Saudi Arabia, UAE, Kuwait, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/water-soluble-polymer-market
Water treatment is likely to grow at a CAGR close to 6% by the end of 2024. The market growth will be majorly attributed to being more useful in reducing the toxic effects of the industrial effluents, further helping in the reduction of waste and further assist in achieving environmental sustainability. Growing concerns against water-pollution have led to the devising of stricter laws and regulations to take the initiative against wastewater generation, which will show a positive impact on the water soluble polymer market share by the end of 2024.
In 2016, the Asia Pacific regional market size was close to USD 9 billion. Substantial market share along with a decent growth rate by 2024 will be due to rapid industrialization in China and India, and massive wastewater generation. Furthermore, strong growth indicators in regional F&B, pharmaceutical and oil & gas will create a remarkable contribution to the water soluble polymer market growth in the coming years.
Key contributors of this market are BASF, Kemira, Ashland, SNF SAS, Arkema, Kuraray, DuPont, Dow, Nitta Gelatin, LG Chem.
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Browse Related Reports:
- Polyvinyl Alcohol (PVA) Films Market Forecast, 2016 – 2024
Water Soluble Polyvinyl Alcohol (PVA) Films Market size was valued nearly USD 241 million in 2015 and is anticipated to reach the mark of USD 376 million by 2024. Whereas polarizing application of PVA films market was valued at USD 5 billion in 2015. The growing concerns about health hazards from waste disposal of products packaging have given rise to the need of biodegradable packaging solutions.
https://www.gminsights.com/industry-analysis/polyvinyl-alcohol-PVA-films-market
- Polyacrylamide Market Forecast, 2017 – 2024
Polyacrylamide Market size was more than USD 5.5 billion in 2016 and will witness 8.5% growth over the projected timespan. Strong product demand in industrial sector primarily in the water treatment facilities will majorly influence polyacrylamide market size over the projected time spell. This is credited to consistently improving environmental regulations imposed by government and regional regulatory bodies to reduce harmful agents in the environment capable of spreading fatal diseases, to ultimately attain sustainable business growth in the coming years.
https://www.gminsights.com/industry-analysis/polyacrylamide-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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