Hydrogel is a cross-linked three dimensional
(3D) polymeric structure that fascinates and retain considerable amounts of
water. Its ability to absorb water ascends from hydrophilic functional groups
attached to the polymeric backbone. It is used in coal dewatering, drug
delivery systems, agriculture, hygienic products, packaging, food additives,
tissue engineering etc. It is also used for food packaging and has great
potential as carriers of bioactive components. It controls the moisture
generated by food materials when packaged with higher water content. Although,
it is not widely use in the food packaging but offers innovative or potential
applications in the food packaging field. Some products have to be stored in an
adaptable humidity environment in order to preserve the products. Hydrogel is
an ideal high-quality for humidity control applications. The increasing demand
for ecofriendly products in order to overwhelmed problems such asenvironmental
issues, sustainability, and biodegradability boosts the demand for hydrogel
during the forecast period.
According to study, “Global
Industrial Grade Hydrogel Market Status (2015-2019) and Forecast
(2020-2024) by Region, Product Type & End-Use” the key companies operating
in the global industrial grade hydrogel market are Smith & Nephew United
Plc., ConvaTec Inc., 3M Company, Coloplast, Derma Sciences, Molnlycke Health
Care, Axelgaard, Ocular Therapeutix, Paul Hartmann, NIPRO PATCH, Covidien, ESI
BIO, Ashland, Ambu.
Based on form type, industrial grade hydrogel
market is segmented into crystalline form, semi-crystalline form and amorphous
form (non-crystalline). Based on raw material, market is segmented into
synthetic, natural and hybrid hydrogel. Synthetic hydrogel segment is expected
to witness higher growth rate owing to growth in consumption in drug delivery
systems and biotechnology & medicine during the forecast period. Based on
composition, market is segmented into polyacrylate, silicone, polyacrylamide
and others (Agar and poly vinyl pyrrolidone (PVP)).Polyacrylate segment holds
major share in market due to its superior properties, for instance high water
retention ability and flexibility. In addition, based on application, market is
segmented into pharmaceutical & medical, petrochemical, architecture and
others.
The industrial grade hydrogel market is driven
by rise in investments in product focused research & development (R&D),
followed by wide range of applications & advantage over conventional
products and high growth in end-user industries. However, potential
environmental hazard and relatively complex process and high production cost
may impact the market. Moreover, increase in R&D through Collaboration
between institutes and companies is a key opportunity for market.
Based on geography, the North-American is a
leading region in globalindustrial grade hydrogel market owing to rise in
demand from petrochemicals and oil & gas industry and increase in number of
both international and domestic players in the region. Whereas, the
Asian-Pacific and European regions are expected to exhibit substantial growth
rate due to growth in architecture industry, increase in urbanization &
rise in population over the forecast period. In upcoming years, it is estimated
that the market will be reached at quick pace as a result of rise in disposable
income and growth in technological advancements during the forecast period.
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