Global water soluble polymers market projected to reach USD 63.79 billion by 2033 with 5.48% CAGR

From GlobeNewswire: 2024-07-15 10:00:00

The Global Water Soluble Polymers Market is projected to grow from USD 37.43 billion in 2023 to USD 63.79 billion by 2033, with a CAGR of 5.48%. Water-soluble polymers have electronegative atoms capable of hydrogen bonding with water, used in oil fields and water treatment plants. Synthetic polymers dominate, especially in water treatment applications.

The water treatment segment is expected to contribute the most to the water soluble polymers market revenue during the projected period. Rising demand is fueled by increased wastewater production from various industries. Asia Pacific is forecasted to lead the market due to expanding municipal and industrial wastewater treatment sectors influenced by environmental concerns and government spending.

North America is anticipated to experience the fastest growth in the water soluble polymers market. Increased demand from the oil and gas industry, particularly in enhanced oil recovery operations, is driving growth. Companies like Arkema, The Dow Chemical Company, and DuPont are key players in the market. In March 2022, Kemira launched a polymer from biobased feedstock, suitable for water and energy industries.

The market for water-soluble polymers is segmented based on raw materials like Polyacrylamide, PVA, Polyacrylic Acid, Guar Gum, and Methylcellulose, among others. Applications include food processing, water treatment, paper making, detergents, petroleum, and more. Regions covered are North America, Europe, Asia Pacific, South America, and Middle East & Africa. Contact Spherical Insights for more detailed analysis and market insights.



Read more at GlobeNewswire: Global Water Soluble Polymers Market Size To worth USD