Global Hydrogel Market Expected To Reach $31.4 Billion by 2027

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:

• Based on raw material type, the synthetic segment is anticipated to witness the growth rate of 80%, in terms of revenue, during the forecast period.
• Based on composition, the others segment emerged as the global leader with more than 36% share in 2019. This can be highly attributed to high demand for silicone-modified hydrogels in various end-use industries
• By form, the semicrystalline segment is anticipated to witness moderate growth rate of 66%, in terms of revenue, during the forecast period.
• Based on product, films & matrices segment is anticipated to witness the growth rate of 38%, in terms of revenue, during the forecast period.
• By end-user, the contact lenses segment dominated the global hydrogel market with around 40% global market share in 2019.
• Countries such as China, India, and Indonesia are emerging as an investment centric hub due to wide scope in the manufacturing sector.