Hydrogel Market to Witness Robust Expansion: Emerging Applications and Opportunities| MarketsandMarkets™
A hydrogel is a three-dimensional network of hydrophilic (water-loving) polymer chains that can absorb and hold huge quantities of water or biological fluids. It is a one-of-a-kind gel-like material made of a solid matrix filled with water or other liquid components. Hydrogels are made up of crosslinked polymer chains that give structural stability while also allowing for water absorption and release. Polymer chains can be natural or manufactured, with polyacrylates, polyvinyl alcohol (PVA), polyethylene glycol (PEG), and sodium polyacrylate being popular polymers utilized in hydrogel formation.
The report "Hydrogel Market by Raw Material Type (Natural, Synthetic, Hybrid), Composition (Polyacrylate, Polyacrylamide, Silicon), Form (Amorphous, Semi-crystalline, Crystalline), Application (Contact Lens, Personal Care & Hygiene), Region - Global Forecast to 2022". The hydrogel market was estimated to be USD 11.43 Billion in 2017 and is projected to reach USD 15.33 Billion by 2022, at a CAGR of 6.04% between 2017 and 2022.
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The agriculture segment is projected to grow at the highest CAGR during the forecast period
In the context of hydrogel applications, the agriculture industry is expected to develop at the fastest compound annual growth rate (CAGR) during the projection period. Hydrogels provide various advantages in agriculture, which contributes to their growing usage and market growth in this industry. Hydrogels are used in agriculture for soil conditioning and water retention. They have the ability to absorb and hold enormous amounts of water, gradually releasing it to the plant roots as needed. This feature aids in increasing water efficiency, lowering water stress, and guaranteeing adequate crop hydration, particularly in dry and drought-prone areas.
The polyacrylate segment is projected to be the fastest-growing composition segment of the hydrogel market
The polyacrylate section of the hydrogel market is expected to be the fastest-growing composition segment. Polyacrylate hydrogels are widely used in a variety of applications due to their unique characteristics and adaptability.
Polyacrylate hydrogels have a high capacity for water absorption, great gel strength, and good biocompatibility. These characteristics make them useful for wound dressings, contact lenses, hygiene products, and drug delivery systems. Polyacrylate hydrogels may absorb and hold huge volumes of water or biological fluids, creating a moist environment for wound healing or assuring comfort and extended contact lens usage time.
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Polyacrylate hydrogels are popular in the healthcare and personal care industries because to their biocompatibility, elasticity, and ability to swell without dissolving. They are ideal for medication delivery systems because they may be modified to release active components or pharmaceuticals in a regulated manner.
The hydrogel market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period
During the forecast period, the Asia Pacific hydrogel market is expected to develop at the fastest compound annual growth rate (CAGR). Several reasons contribute to this region's strong growth in the hydrogel industry. The Asia Pacific region has a sizable population as well as a developing middle class with rising disposable income. This increases demand for healthcare and personal care products, where hydrogels have a wide range of applications. The growing knowledge of enhanced wound care, skin care, and hygiene products is driving the region's adoption of hydrogels.
Key players operating in the hydrogel market include Johnson & Johnson (US), Cardinal Health (US), the 3M Company (US), Coloplast (Denmark), B. Braun Melsungen (Germany), Smith & Nephew (UK), Derma Sciences (US), Royal DSM (Netherlands), Dow Corning Corporation (US), Paul Hartmann (Germany), Momentive Performance Materials (US), Ocular Therapeutix (US), ConvaTec (UK), Ashland (US), Evonik Industries (Germany), Cosmo Bio USA (US), MPM Medical (US), Molnlycke Health Care (Sweden), Hollister (US), Medline Industries (US), Gentell (US), and Alliqua BioMedical (US) and others.
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