Published on : Jun 15, 2017
Albany, New York, June 15, 2017: According to new study findings, rising use of hydrogel in a number of applications across the personal care and hygiene sectors is expected to present vast growth opportunities for hydrogel market in coming few years. Market Research Hub (MRH) has recently broadcasted this new study to its online repository, with the title of “Hydrogel Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017- 2025”. It provides a comprehensive view of the market and estimates the hydrogel market growth on the global, regional and country levels. The study also includes drivers and restraints for the hydrogel market along with their impact on demand during the forecast period of 2017-2025. The study also provides key market pointers impacting the growth of the market.
As per the key findings, the global hydrogel market is expected to exhibit a healthy 6.3% CAGR from 2017 to 2025 and rise to a valuation of US$17,487.6 million by 2024, which was valued at US$10, 084.9 million in 2016. The high demand for hydrogels in the global personal care and hygiene industry is one of the key factors creating substantial growth opportunities for the market. The capability of hydrogels to absorb and retain large volumes of water and aqueous solutions, which is useful in baby diapers and adult incontinence pads, is another key factor supporting market’s growth.
Initially, the report starts by defining the hydrogel market overview along with key industry developments and market dynamics. Hydrogel is a water-insoluble polymer chain network that can retain high water content within its structure (about 90% water in the gel base), which are mainly of amorphous, crystalline and semi-crystalline type. Hydrogels are used in hygiene products such as baby diapers, sanitary pads, adult incontinence pads and soft contact lenses. In addition, they are increasingly used in wound care dressings. The use of hydrogels in wound care is anticipated to increase rapidly, owing to benefits such as convenience of use, water retention efficiency and improved time efficiency during medical procedures and wound closure.
The report further segments the market on the basis of structure, type, application and geography. Geographical segmentation includes the current and forecast demand for hydrogel in Europe, Asia-Pacific, North America, Latin America and MEA. Major types of hydrogel include polyacrylate, polyacrylamide, silicone and others. In terms of application, the hydrogel market has been segmented into healthcare, personal care & hygiene, pharmaceuticals, food, agriculture and others. Regionally, the strong demand for hydrogel in the North America region is primarily attributable to the growing research activities in the medical and pharmaceutical industries.
Later, the report presents competitive outlook by profiling key players operating in the global hydrogel market. They are 3M Company, Takiron Co. Ltd., Johnson & Johnson Services Inc., Conva Tec Inc., BSN Medical GmbH, Procyon Corporation, Altergon Italia Srl, H.B. Fuller Company, Medico Electrodes International Ltd., Katecho Inc., R&D Medical Products Inc., Spes Medica Srl., Sekisui Plastics Co. Ltd., Alliqua Biomedical Inc., The Cooper Companies, Inc., and Axelgaard Manufacturing Co., Ltd.
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