Segmentation by Type (Natural, and Synthetic); by Material (Guar Gum, Polyvinyl Alcohol, Casein, Gelatin, and Others); and by Application (Food & Beverages, Pharmaceutical, Water Treatment, Detergent, Oil & Gas, and Others) – Global Demand Analysis & Opportunity Outlook 2030
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On the basis of geographical analysis, the global water-soluble polymer market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region witnessed modest growth in 2020, and is estimated to grow notably over the forecast period on the back of growing chemical industry in the region, and presence of major end-user industries for water-soluble polymers, including paper & pulp industry, textile industry, and food & beverages industry. According to the report by the Asia-Pacific Economic Cooperation (APEC), the chemical industry of APAC region represents more than 45% of the global chemical production.
The market in the North America region is anticipated to gain the noteworthy market share throughout the forecast period owing to the increasing production of shale gas, and other petroleum products in the region. The increasing use of these polymers in the extraction of shale gas is expected to boost the regional market growth.
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The global water-soluble polymer market is further classified on the basis of region as follows:
The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favourable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labour as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.
Our in-depth analysis of the global water-soluble polymer market includes the following segments:
By Type
By Material
By Application
Growth Drivers
Challenges
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: The growing applications of these polymers amongst various end-user industries to boost the market growth.
Ans: The market is anticipated to attain a CAGR of ~5.5% over the forecast period, i.e., 2022 – 2030.
Ans: Absence of proper supply-chain, and negative impacts of COVID-19 are estimated to hamper the market growth.
Ans: The market in the Asia Pacific region is estimated to provide more business opportunities over the forecast period owing to the growing chemical industry in the region.
Ans: The major players in the market are Ashland Global Holdings Inc., Kuraray Co., Ltd., Nitta Gelatin, Inc., SIKA AG, The Dow Chemical Company, L G CHEM Ltd., DuPont de Nemours, Inc., and Arkema S.A.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by type, material, application, and by region.
Ans: The pharmaceutical segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities.
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