Hydrogel Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2025
Global Hydrogel Market: Snapshot
Hydrogels
are a cross-linked, three-dimensional network of synthetic or organic
polymer chains that contain 90% water. The capability of hydrogels of
holding a significant amount of water and their softness make them
flexible, hydrophilic in nature, and unique. Sodium polyacrylate,
polyvinyl alcohol, acrylate polymers, and copolymers are ingredients
widely used during the manufacture of hydrogels. Hydrogels are widely
employed in soft contact lenses, disposable diapers, wound dressings,
drug delivery, and components of medical electrodes. Rising use of
hydrogel in a number of applications across the personal care and
hygiene sectors is expected to present vast growth opportunities for the
global hydrogel market in the next few years.
This
200 page report gives readers a comprehensive overview of the Hydrogel
Market. Browse through 24 data tables and 75 figures to unlock the
hidden opportunities in this market.
Transparency
Market Research states that the global hydrogel market was valued at
US$10,084.9 mn in 2016. The market is expected to exhibit a healthy 6.3%
CAGR from 2017 to 2025 and rise to a valuation of US$17,487.6 mn by
2024. In terms of volume, the market is expected to exhibit a 5.5% CAGR
over the said period.
Polyacrylamide- and Polyacrylate-based Hydrogels to Witness Strong Demand
On
the basis of type, hydrogel can be broadly categorized into
polyacrylate, polyacrylamide, silicone and others. Polyacrylate
polymers, also known as water-lock polymers, are prepared by
polymerizing acrylic acid via physical or chemical crosslinking. Sodium
polyacrylate-based hydrogels are employed in product such as baby
diapers, sanitary napkins, adult incontinence products, feminine hygiene
products, and paper towels. Polyacrylamide is used in tissue
engineering as well as in drug treatment, sanitary napkins, diapers,
food packaging products, ophthalmic operations, wrinkle filling, and
water purification. Silicone-based hydrogel is widely employed in soft
and disposable daily wear contact lenses.
Of
these, the segments of polyacrylamide and polyacrylate are expected to
expand significantly during the forecast period due to the rising
adoption of disposable sanitary products by consumers. The segment of
silicone-based hydrogel is also anticipated to develop rapidly over the
report’s forecast period owing to the growing demand for daily disposable soft contact lenses.
North America Market to Remain Dominate
North
America held significant share of hydrogel market in 2016 followed by
Europe and Asia Pacific. The U.S. accounted for a significant share of
the hydrogel market in North America in 2016. The U.S. has the highest
standards for healthcare. Rising prevalence of chronic wounds such as
diabetic foot ulcer, venous ulcer, and pressure ulcer is likely to
increase the usage of hydrogel in healthcare industry.
The
rest of Europe held a significant share in the hydrogel market in
Europe in 2016; however, Germany accounted for the dominant share. Owing
to the immense demand for personal care & hygiene products such as
baby diapers and adult incontinence products in Europe, the need for
hydrogel has been experiencing a significant surge in the last few
years. This trend is predicted to continue during the forecast period as
well.
In
Asia Pacific region China led the hydrogel market in 2016. Rise in
population in the region is anticipated to boost the usage of feminine
hygiene products, adult incontinence products, and baby diapers in the
near future. This, in turn, is estimated to drive the demand for
hydrogel during the forecast period. The hydrogel market in Latin
America and Middle East & Africa is likely to provide steady market
demand during the forecast period.
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Some
of the leading vendors operating in the global hydrogel market are
Procyon Corporation, 3M Company, Conva Tec Inc., Johnson & Johnson
Services Inc., BSN Medical GmbH, Medico Electrodes International Ltd.,
The Cooper Companies, Inc., H.B. Fuller Company, Altergon Italia Srl,
R&D Medical Products Inc., Spes Medica Srl., Katecho Inc., Takiron
Co. Ltd., Sekisui Plastics Co. Ltd., Alliqua Biomedical Inc., and
Axelgaard Manufacturing Co., Ltd. Company.
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