Polymer Gel Market is anticipated to surpass $55 billion by 2024

Global Polymer Gel Market Report offers market size, share, overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.

Extending its reach across a wide-ranging application spectrum including medical, personal care and cosmetics, and food processing sectors, polymer gel market share has been witnessing a massive upsurge over the last decade. Polymer gels, prominently divided into hydrogels and aerogels, have been gaining significant traction across the globe owing to their robust absorption capacities and unique deformation characteristics which befit the requirements of a diverse set of end-users. In fact, as per reliable estimates, the overall polymer gel industry lapped up a total remuneration of about USD 38 billion in the year 2016, which demonstrates the lucrative growth opportunities in this business sphere.

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Apart from the aforementioned aspects, one of the pivotal factors to have fostered the growth potential of the overall polymer gel market is the rapid pace of technological innovations being observed with regards to hydrogels utilized in the medical sector. Various renowned universities, research institutions, and private entities have been investing heavily in research and development schemes to enhance existing product portfolio of the global polymer gel industry.

Enumerated below are a few prominent instances that validate the progressive research activities that have swept the medical applications of polymer gel market:

  • In 2017, researchers from Princeton University announced the discovery of a ground-breaking hydrogel that can be used in treating wounds effectively. Reportedly, the latest hydrogel is an injectable and chemical free polymer gel which has been formed via the effect of flexible fiber strands when forced through a syringe. The discovery of such radical polymer gel has opened up striking possibilities of improving upon an entirely new genre of injectable hydrogels for the healthcare sector. Apparently, the unveiling of such technologically sound products is expected to set an astounding benchmark that would further encourage polymer gel industry contributors to scale up research activities.
  • Engineers from Massachusetts of Technology have recently designed a hydrogel material that can be coated onto standard rubber or plastic medical devices such as catheters, intravenous lines, and other types of surgical tubing to treat inflammation in patients. Apparently, the hydrogel coating can be embedded with compounds to sense inflammatory molecules and can also be incorporated with medicines that would further be released in the body. Providing a softer and more slippery exterior that can significantly lower a patient’s discomfort, the coating can even be tailored to monitor and treat signs of infections. Powered by such pioneering technological advancements, the medical applications segment is bound to prominently contribute toward global polymer gel market landscape over the forthcoming years.

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By virtue of the operationalization of extensive research and development plans, leading companies in the polymer gel market have been attempting to unveil tailored products that can be deployed with profound efficiency across an assortment of commercial arenas. Consequentially, the enhanced forms of polymer gels have found widespread applications in various business sectors along the likes of construction, agriculture, electrical and electronics, transportation, oil and gas, space exploration, packaging, fire protection, environmental, and paints & coatings, which has further extended the growth potential of polymer gel industry share. Testimony to the aforementioned claims can be affirmed by glancing through the recently compiled research report of Global Market Insights, Inc., which states that the global market would surpass a stupendous remuneration portfolio of more than USD 55 billion by 2024.

While contemplating upon the prospective growth of the global polymer gel market, it is quite imperative to take note of the fact that this business space is inherently defined by a plethora of R&D efforts toward revamping the current product spectrum. In consequence, this has led to the swift acceptance of hydrogels in the medical sector – a factor that has significantly boosted the fortunes of polymer gel industry. Owing to their high-water content absorption rate, porosity, squishiness, and other discrete properties, polymer gels are being utilized extensively across the healthcare domain as debriding agents in wound care, sustained drug delivery system, tissue engineering, contact lenses, cosmetic surgeries, spinal cord repair, bone regeneration, cardiac regeneration, and cartilage repair, etc.

 

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