Pune, India, June 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Hydrogel Market.
Hydrogel demand is witnessing an upward trend. The material is popular in various industry verticals for its properties such as permeability, lubricity and viscoelasticity. Its multi-functional characteristics makes it a sought-after industrial material. As per the report published by Market Research Future (MRFR), the global hydrogel market is expected to witness a healthy growth during the forecast period (2023-2030).
Hydrogel finds application across sectors such as healthcare, pharmaceutical, agriculture, biotechnology, etc. It is added to several commercial products such as paper towels, sanitary napkins, baby diaper among others. The global market for hydrogel is expected to remain highly attractive in foreseeable future.
The segmental analysis of the global hydrogel market is based on composition, type, form and application.
Based on composition, the market has been segmented into silicon hydrogels, polyacrylamide and polyacrylate. The polyacrylamide segment and polyacrylate segment account for higher market shares as compared to silicon hydrogels segment. Polyacrylamide and polyacrylate are used in manufacturing different products owing to features such as transparency, water absorbent and elasticity. Based on type, the market has been segmented into hybrid hydrogel, synthetic and natural. The synthetic gel segment accounts for the lion’s share of the market and the trend is likely to continue throughout the assessment period. This is primarily attributed to the extensive application of synthetic gel in medicine, biotechnology, tissue engineering, drug delivery among others. The hybrid hydrogel segment is poised to exhibit a strong growth during the forecast period due to increased usage of hybrid hydrogel in medicine manufacturing. On the basis of form, the market has been segmented into crystalline, semi crystalline and amorphous. Based on application, the market has been segmented into healthcare and hygiene, drug delivery systems, agriculture, tissue engineering, contact lenses and others. The agriculture segment is expected to remain highly attractive during the forecast period. Over the years, use of hydrogel in agriculture has increased significantly. The healthcare and hygiene segment is also expected to exhibit a healthy growth over the next couple of years.
Cardinal Health (U.S.A), Johnson & Johnson Private Limited (U.S.A), Dow Corning Corporation (U.S.A), H.B. Fuller Company (U.S.A), Axelgaard Manufacturing Co., Ltd.(U.S.A), The Cooper Companies, Inc. (U.S.A), R&D Medical Products Inc (U.S.A), BSN medical (Germany) and Alliqua BioMedical, Inc (U.S.A) are among the leading companies operating in the global hydrogel market.
Global Hydrogel Market: Regional Segmentation
MRFR’s report covers five key world regions, which include North America, Latin America, the Middle East & Africa (MEA), Europe, Asia Pacific (APAC). North America is one of the leading markets for hydrogel. A robust demand from end use sectors such as biotechnology and medicine, agriculture, tissue engineering among others. Hydrogel demand in the U.S., Mexico, and Canada is expected to grow further in forthcoming years.
The market in Asia Pacific is touted to exhibit an impressive growth during the forecast period. Rapid expansion of end-use sectors has opened new growth avenues for hydrogel suppliers in APAC. China has emerged as a manufacturing hub of the world, benefiting several industries including hydrogen.
Market prospects in Europe is expected to remain bright during the forecast period. However, investors are likely to move ahead with a cautious optimism. Fluctuation in Euro zone and Brexit uncertainties continue to influence investor confidence in Europe. The U.K., Germany, Italy, BENELUX union are expected to make significant contribution to the market growth in Europe.
The economy in Latin America is showing signs of recovery after severe socio-political turmoil in countries such as Brazil and Argentina. The LatAm hydrogel market has high potential and could raise fast in the near future. In MEA, increased focus on economic diversification is expected to attractive growth opportunities during the forecast period.
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