Water Soluble Polymers Market to grow well till end of decade

29-Jan-15

The global water soluble polymers market value is projected to reach US$39,540.34 mln by 2019, as per MarketsandMarkets. Manufacturing industries are increasingly shifting from the U.S., Western Europe and Japan to other regions such as Southeast Asia and China, leading the global water soluble polymer market in the region. Increasing per capita consumption in economies with rapidly rising GDP such as of China and Southeast Asia is driving the demand of water soluble polymers in segments such as food, personal care products and pharmaceuticals. China, Japan and India are the major markets in the region. China is the leading country and the fastest growing market in the region and across the globe in terms of consumption and in terms of value. Polyacrylamide is among the fastest growing market because of its applications in water treatment and petroleum segment. Guar gum, which is majorly produced in Asia, is the second biggest market among the various types of water soluble polymers. Due to its wide applications, the market is projected to rise at a CAGR of 4.93% between 2014 and 2019. India and Pakistan are the leading producers of guar seeds and gum which are used for the production of guar gum. Among the various applications of water soluble polymers, the fastest growth is observed in the water treatment industry due to the strict environmental standards that are being implemented in various countries and sewage treatment activities. Other major application of water soluble polymers includes detergent & household products, petroleum and paper making. Synthetic water soluble polymers has more than 50% of the water soluble polymers market in2013, and the market is projected to rise at a CAGR of 3.90% between 2014 and 2019. Water soluble polymer from semi-synthetic raw materials is expected to have the fastest growth rate between 2014 and 2019.Europe, the second largest market for water soluble polymers market has the highest consumption of natural water soluble polymers.