Report Code : A01087
Hydrogel is a water-insoluble polymer chain network that can retain high water content within its structure. Hydrogels are used in hygiene products such as baby diapers, sanitary pads, adult incontinence pads, and soft contact lenses. Hydrogel is also used for healing purposes. Therefore, the global hydrogel market size is expected to witness profitable growth opportunities during the forecast period.
Eswara Prasad
Manager, Chemical and Materials
According to a new report published by Allied Market Research titled, " Hydrogel Market by Raw Material Type, Composition, Form, Product, and End-User: Global Opportunity Analysis and Industry Forecast, 2020–2027," 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 consists of a three-dimensional network structure whose hydrophilic structure holds large volumes of water. This is developed with the use of polyacrylate sodium, polyvinyl alcohol, acrylate polymers, and other polymers. The important trends and factors that influence the market are the viscoelastic, lubrious, multifunctional and permeable properties. It is used in various applications such as agriculture, healthcare and hygiene, contact lenses, drug delivery, tissue engineering, and others owing to these features.
One of the most important factors driving the growth of the hydrogel market during the forecast period is the rise in use of personal care & hygiene products. However, surge in consumer disposable income and the increase in the applicability of hydrogels in the healthcare sector are other factors affecting the growth of the hydrogel industry.
Rising demand for feminine hygiene products during the forecast period is projected to drive the hydrogel market. The hygiene industry will be powered by raising hygiene awareness & ever-increasing ageing population. As the hygiene & hydrogel market interconnects, the hydrogel market will also be driven by rising demand for the hygiene market. Increasing hydrogel adoption in contact lenses, wound care dressing for debridging necrotic tissues & cleansing will also help in market growth. Following with its superior properties such as hydrogel transparency & elasticity, the polyacrylate segment market is expected to witness growth.
The polyacrylate segment is expected to grow at the highest level during the forecast period. This growth can be attributed to the water retention capacity of polyacrylate hydrogels which increase their applicability in the application of personal care & hygiene. Moreover, superior hydrogel properties, such as transparency and elasticity, have further led to the growth of the polyacrylate segment.
Based on end-user, the application segment of hygiene products is expected to develop at a significant pace during the forecast period, driven primarily by baby and child-specific products, depilatories, and oral care products.
Players analyzed and profiled 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.
Key Findings of the Study:
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Hydrogel Market by Raw Material Type (Synthetic, Natural, and Hybrid Hydrogels), Composition (Polyacrylate, Polyacrylamide, Silicone-Modified Hydrogels, Agar-Based, and Others), Form (Amorphous Hydrogels and Semi-Crystalline Hydrogels), Product (Semi-Crystalline Buttons, Amorphous Gels, Impregnated Gauze, Films & Matrices, and Hydrogel Sheets), and End-User (Lenses, Hygiene Products, Wound Care, Drug Delivery, Tissue Engineering, and Others): Global Opportunity Analysis and Industry Forecast 2020–2027
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