Expert Market Research’s new report titled “Global Hydrogel market Size, Share, Price, Trends, Growth, Analysis, Report and Forecast 2021-2026′, gives an in-depth analysis of the global hydrogel market, assessing the market based on its segments such as structure, material, end use and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
• Historical market size (2020): 23.6 billion USD
• Forecast CAGR (2021-2026): 7%
• Projected market size (2026): 35.5 billion USD
Hydrogels are found in a range of products such as disposable diapers, hair gel, plant water storage crystals, biosensors, contact lenses, and more. Hydrogels in biosensors help create protective layers to control diffusion and are also used as stimuli-responsive material to enable detection. Since biosensors themselves are in high demand due to their utility in various fields, the market for hydrogels will also benefit from the expansion. Hydrogels are also used in contact lenses for greater comfort, which is a significant market driver as a massive proportion of the population uses contact lenses for vision correction purposes. The Asia-Pacific region is witnessing an increase in disposable income, and with it, the growing demand for hygiene and personal care products is expected to maintain a strong market for hydrogels. Along the same lines, Europe is also expected to show growth due to rising per capita income and technological advancements. North America uses hydrogels in several industries like agriculture, biotechnology, healthcare, among others, through which it holds a major share in the overall hydrogel market.
Industry definition and major segments
Hydrogel is a 3D structure of hydrophilic polymers that are held together due to chemical or physical cross-linking of individual polymer chains and water constitutes at least 10% of the total volume. Due to their high water content, they are very flexible. Hydrogels find application in a wide range of fields ranging from industrial to biological.
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On the basis of structure, the market is split into:
Based on Material, market is segmented into:
The end uses involved in the market are:
• Personal care and hygiene
• Pharmaceuticals and health care
• Contact lenses
Market regions include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Hydrogels are extremely beneficial in increasing the water holding capacity of soils, which contributes to higher net plant yields. In addition to this, hydrogels also improve soil fertility. These properties make it a desirable choice in agricultural practices. With the rapid increase in population and growing demand for high yield, the hydrogel market is expected to grow to reach arable land. Additionally, the biodegradability of hydrogels makes it friendly as environmental concerns increase. Hydrogel-based vaccines are further increasing research and invigorating the market. Additionally, the growing awareness of sanitation and personal hygiene due to the pandemic will drive the demand for these products and hence push the hydrogel market towards a growing trajectory.
Main market players
Major market players include Cardinal Health, Inc., 3M Co., Smith & Nephew, CooperVision, Inc., Johnson & Johnson Services, Inc., among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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