Water soluble polymers are commonly used in different industrial application. These polymers perform different stabilizing, flocculating, gelling and thickening functions, which make them useful across different applications. These polymers are categorized in synthetic, semi-synthetic and natural types. According to the researchers, the global water soluble polymers market is expected to witness steady rise over the next few years. Strong rise in the applications and advancing technologies in the market are expected to drive this market over the next few years. Rapid rate of industrialization across the regions like Asia Pacific and Middle East are also expected to create business opportunities for this industry over the next few years.
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Segmentation in the Water Soluble Polymer Market
In order to understand the growth trends and revenue forecasts in the market, researchers segment it on the basis of the types of raw materials, types of products, their applications and demand across different geographic regions. Based on the types of products, the water soluble polymers market is divided into guar gum, polycrylamide, casein and caseinates, polyacrylic acid, gelatin, polyvinyl alcohol and so on. The types of raw materials in the market include semi-synthetic, synthetic and natural water soluble polymers. Major application segments in the market include petroleum, detergents and household products, water treatment, food processing, paper making, surface coating and so on.
What Drives and Restraints the Market
According to the experts, the global water soluble polymers market is mainly driven by the rising demand from different industrial verticals. This rise in the demand for the market products is attributed to the increased applications and advancing technologies in the industry. Growth in industrialization across the emerging markets is also expected to provide major business traction to the key industry players. The global market is estimated to continue growing at a significant rate over the next few years. Innovative applications are expected to create business opportunities for the established as well as emerging players in the market.
As per the latest research reports, the water soluble polymers market is expected to reach 8,953.75 KT by the end of the year 2019. By the year 2019, the market is expected to grow at a healthy CAGR of over 6%. The Asia Pacific region is expected to dominate the global market on the basis of the overall market shares. The region is also expected to emerge as the fastest growing region in the global market. Europe and North America regions are also expected grow at a steady rate with rising demand from different industrial verticals.
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Summary: Water soluble polymers market will grow at a steady rate with rising demand from emerging markets, rapid technological advancements and increasing applications.