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2020

Hydrogel Market

Hydrogel Market Size, Share, Competitive Landscape and Trend Analysis Report, by Raw Material Type, Composition, Form, Product and End-User : Global Opportunity Analysis and Industry Forecast 2020-2027

MC : Advanced Materials

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Author's: Snehal Mohite | Eswara Prasad
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Hydrogel Market Outlook - 2027

The global hydrogel market was valued at $22.1 billion in 2019, and is projected to reach $31.4 billion by 2027, growing at a CAGR of 6.7% from 2020 to 2027. 

Hydrogel is interlinked with three-dimensional polymeric structures which can absorb and retain significant amounts of water. Hydrogel is a polymeric substance that shows the ability to swell and hold some water without dissolving in water. The ability of hydrogels to absorb water originates from functional hydrophilic groups attached to the polymeric backbone. The hydrogel resistance to dissolution originates from the cross-links between their network chains. It is categorized into polyacrylate, polyacrylamide, silicone-modified hydrogels, and others based on their structure. It is used for products such as sanitation, medication delivery systems, packaging, coal dewatering, nutrition, food additives, tissue engineering, and others.

Hydrogel Market

The global hydrogel market growth is expected to witness profitable opportunities during the forecast period, Because of factors such as hydrogel, it contributes to advance recyclability, reduces contamination of the environment and provides sustainability. Innovations and growing hydrogel applications fuel the global market during the forecast period. In addition, hydrogel is used in the pharmaceutical industry to prolong drug shelf-life. An increasing phenomenon in the pharmaceutical industry is evaporative cooling hydrogel packaging, which increases the storage stability of existing pharmaceutical products. This is the major factors that drive hydrogel market growth globally. In addition, hydrogel is also used for cure purposes. Wound dressing made of hydrogel provides moisture to the wound and helps to fix the epidermis, remove excess dead tissue and granulation in typical healing processes. Furthermore, increased awareness of hydrogel formulations has motivated product-focused R&D manufacturers to create new hydrogel products, and applications are expected to provide lucrative growth opportunities for the market.

The global hydrogel market is segmented based on raw material type, composition, form, product, and end-user, and region. Based on raw material type, the market is categorized into synthetic, natural, and hybrid hydrogels. Based on composition, the market is segmented into polyacrylate, polyacrylamide, silicone-modified hydrogels, agar-based, and others. By form, it is classified into amorphous hydrogels and semi-crystalline hydrogels. By product, it is bifurcated into semi-crystalline buttons, amorphous gels, impregnated gauze, films & matrices, and hydrogel sheets. Based on end-users, the market is segmented into contact lenses, hygiene products, wound care, drug delivery, tissue engineering, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some of the key players operating in the global hydrogel market are Ashland, B. Braun Holding GmbH & Co. KG, Cardinal Health, Essity, Medline Industries, Paul Hartmann, Procyon Corporation, Smith & Nephew plc., The Cooper Companies, and 3M Company.

Hydrogel Market
By Raw Material Type
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Synthetic is projected as the most lucrative segment.

Based on raw material type, synthetic accounted for highest hydrogel market share in 2019. Synthetic hydrogels have long service life, high water absorption ability and high gel strength. Fortunately, synthetic polymers typically have well-defined structures that can be adjusted to provide degradability and flexibility capable of tailoring. These factors are expected to drive the demand for synthetic hydrogel forecast.

Hydrogel Market
By Composition
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Others is projected as the most lucrative segment.

By composition, the others segment is expected to lead the global market for hydrogel during the forecast period. Others include polyethylene glycol (PEG), polyvinyl pyrrolidone (PVP), polyvinyl alcohol ( PVA), gelatin, etc. Hydrogels of polyethylene glycol (PEG) are commonly used in a number of biomedical applications including matrices for controlled release of biomolecules and regenerative medicine scaffolds.

Hydrogel Market
By Form
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Semicrystalline is projected as the most lucrative segment.

By form, the semicrystalline segment is expected to lead the global market for hydrogel during the forecast period. Semi-cristalline hydrogels are hydrogel polymers which are superabsorbent. This has made the use of semicrystalline hydrogels for pressure ulcers, venous leg ulcers and postoperative wound in wound dressing industry.

Hydrogel Market
By Product
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Films & Matrices is projected as the most lucrative segment.

By product, the films & matrices segment is expected to lead the global market for hydrogel during the forecast period. Hydrogel films that are used as membranes or coatings are important components of biologically interfaced devices. Hydrogel films are used in a number of biomedical applications, such as wound healing, drug delivery, anti-adhesive membranes, reconstruction of soft tissues, and cell culture.

Hydrogel Market
By End-user
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Contact Lenses is projected as the most lucrative segment.

By the end-user, contact lenses are the major revenue contributing segment in 2019. The increase in consumption of personal care & hygiene products is one of the most significant factors driving the growth of the hydrogel market during the forecast period. In addition, the rise in disposable income of consumers and increase in the applicability of hydrogels in the healthcare industry are other factors influencing the growth of the hydrogel market.

Hydrogel Market
By Region
2027
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific holds a dominant position in 2019 and would continue to maintain the lead over the forecast period.

By region, Asia-Pacific dominated the global market with the largest consumption from countries, such as the China, Japan and India this is because of their increase in population and the growth that they are showing in their per capita income.

Key Benefits for Stakeholders:

  • The report provides an in-depth analysis of the hydrogel market trends along with the current and future market forecast.
  • This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period.
  • Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the global hydrogel industry for strategy building.
  • A comprehensive hydrogel market analysis covers factors that drive and restrain market growth.
  • The qualitative data in this report aims on market dynamics, trends, and developments.

Hydrogel Market Report Highlights

Aspects Details
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By RAW MATERIAL TYPE
  • Synthetic
  • Natural
  • Hybrid
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By COMPOSITION
  • Polyacrylate
  • Polyacrylamide
  • Silicone-modified hydrogels (SiH)
  • Agar
  • Others (polyethylene glycol (PEG), polyvinyl pyrrolidone (PVP), polyvinyl alcohol (PVA), gelatin, and other polysaccharides)
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By FORM
  • Amorphous
  • Semicrystalline
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By PRODUCT
  • Semicrystalline buttons
  • Amorphous Gels
  • Impregnated Gauze
  • Films & Matrices
  • Hydrogel Sheets
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By END-USER
  • Contact Lenses
  • Hygiene Products
  • Wound Care
  • Drug Delivery
  • Tissue Engineering
  • Others (Agriculture, Forensics, and Research)
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By Region
  • North America  (U.S, Canada, Mexico)
  • Europe  (Germany, UK, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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Key Market Players

B. Braun Holding GmbH & Co. KG, Essity, Ashland Global Holdings Inc, Smith & Nephew, Paul Hartmann, Procyon Corporation, Cardinal Health, Medline Industries, 3M Company, The Cooper Companies, Inc

Analyst Review

As per the CXO of the leading companies, the global hydrogel market is moving toward growth stabilization phase in its industry life cycle. Therefore, the market is expected to witness steady growth opportunities during the forecast period. The segments polyacrylate and polyacrylamide hydrogel are leading the market by composition due to their increasing use in tissue engineering and biomedical applications worldwide. The application segment of hygiene products is expected to grow at a significant pace mainly driven by baby and child-specific products, depilatories, and oral care products during the forecast period. Furthermore, developed countries such as the U.S. and Germany have seen substantial growth in the hydrogel market due to increased demand for personal, healthcare & hygiene products such as sanitary napkins, baby diapers, and paper towels. High disposable income and advancing technology are expected to propel the hydrogel market in developing countries such as India and China during the forecast period.

Author Name(s) : Snehal Mohite | Eswara Prasad
Frequently Asked Questions?

The global hydrogel market was valued at $22.1 Billion in 2019

Cardinal Health, Essity, Medline Industries, Paul Hartmann, Procyon Corporation, Smith & Nephew plc., The Cooper Companies, and 3M Company are the top players in Hydrogel market.

Tissue engineering and drug delivery are the major areas of development for Hydrogel market

Medical industry is projected to increase the demand for Hydrogel Market

The benefits of hydrogel over traditional/conventional substitutes, increasing product based R&D activities by the main market players, and growing request for hydrogel-based products in the up-coming countries are propelling the growth of the global hydrogel market

Based on raw material type synthetic segment is the most influencing segment in the global hydrogel market

Product segment is expected to lead the global hydrogel market during the forecast period

Contact lenses, hygiene products and drug delivery applications are expected to drive the adoption of Hydrogel

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Hydrogel Market

Global Opportunity Analysis and Industry Forecast 2020-2027