Hydrogel Market growth is attribute to growing demand from personal care & hygiene and agriculture sector globally

The hydrogel market is projected to reach USD 15.33 Billion by 2022, at a CAGR of 6.04%. The growth of the hydrogel market can be attributed to an increase in consumption of personal care & hygiene products in emerging economies and rise in the production facilities of hydrogels.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=181614457

Based on application, the agriculture segment is anticipated to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing agricultural activities in various regions, such as Asia Pacific, North America, Europe, and the Middle East & Africa. Moreover, the growing usage of hydrogels as a key material for farming, owing to its characteristics such as water holding ability, has contributed to the growth of the hydrogel market in agriculture.
The polyacrylate segment of the hydrogel market is anticipated to grow at the highest CAGR. This growth can be attributed to the water retention ability of polyacrylate hydrogels that increase their applicability in the personal care & hygiene application. Moreover, superior properties of hydrogels, such as transparency and elasticity, have further led to the growth of the polyacrylate segment.

Target Audience:

• Raw Material Suppliers
• Logistics Partners
• Machinery Suppliers
• Regulatory Bodies
• Market Research and Consulting Firms

Asia Pacific accounted for the largest share of the hydrogel market. Among all countries in the Asia Pacific region, the hydrogel market in India is projected to grow at the highest CAGR. This market in North America is projected to grow at the second-highest CAGR between 2017 and 2022, with the US registering the highest growth rate in this region.


Key players operating in the hydrogel market include Johnson & Johnson (US), Cardinal Health (US), the 3M Company (US), Coloplast (Denmark), B. Braun Melsungen (Germany), Smith & Nephew (UK), Derma Sciences (US), Royal DSM (Netherlands), Dow Corning Corporation (US), Paul Hartmann (Germany), Momentive Performance Materials (US), Ocular Therapeutix (US), ConvaTec (UK), Ashland (US), Evonik Industries (Germany), Cosmo Bio USA (US), MPM Medical (US), Molnlycke Health Care (Sweden), Hollister (US), Medline Industries (US), Gentell (US), and Alliqua BioMedical (US). These players have adopted various growth strategies to expand their global presence and increase their market share. Mergers & acquisitions, expansions, and new product launches are some of the major strategies adopted by key players operating in the hydrogel market.

Get in-depth analysis of the COVID-19 impact on the Hydrogel Market

Bench marking the rapid strategy shifts of the Top 100 companies in the Hydrogel Market:  https://www.marketsandmarkets.com/RequestCOVID19.asp?id=181614457

New Product Launches are Some of the Major Strategies Adopted by Leading Players Operating in the Hydrogel Market

Hydrogel is defined as a network of water-insoluble polymer chains that are utilized in the form of a gel in the healthcare and agriculture industries. It contains highly absorbent natural or synthetic polymers, and it has a hydrophilic structure. The hydrogel market is estimated to be USD 11.43 Billion in 2017 and is projected to reach USD 15.33 Billion by 2022, at a CAGR of 6.04% from 2017 to 2022. The rising demand for hydrogels in wound care application and increasing popularity of hydrogel contact lens are factors anticipated to drive the growth of the hydrogel market.

Download the PDF Brochure @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=181614457

The hydrogel market is led by major players in the healthcare and chemicals industries. Johnson & Johnson (US), Cardinal Health (US), The 3M Company (US), Coloplast (Denmark), B. Braun Melsungen (Germany), Smith & Nephew (UK), Derma Sciences (US), Royal DSM (Netherlands), Dow Corning Corporation (US), Paul Hartmann (Germany), Momentive Performance Materials (US), Ocular Therapeutix (US), ConvaTec (UK), Ashland (US), Evonik Industries (Germany), Cosmo Bio USA (US), MPM Medical (US), Molnlycke Health Care (Sweden), Hollister (US), Medline Industries (US), Gentell (US), and Alliqua Biomedical (US) are key players operating in the hydrogel market. These players have adopted various growth strategies to expand their global presence and increase their market share. Mergers & acquisitions, expansions, and new product launches are some of the major strategies adopted by leading players operating in the hydrogel market.

The mergers & acquisitions strategy accounted for the largest share of 58% of all strategic developments in the hydrogel market in 2016. Companies such as Johnson & Johnson (US), Derma Sciences (US), and Momentive Performance Materials (US) adopted this strategy to expand their geographic reach, strengthen their product & service portfolios, and enhance growth prospects in the hydrogel market.

Johnson & Johnson (US) is a leading manufacturer and distributor of hydrogels and related products for the healthcare industry. In 2017, the company acquired Abbott Medical Optics (AMO), a wholly-owned subsidiary of Abbott. This acquisition strategy helped Johnson & Johnson expand its contact lens business and enhance its customer base in the hydrogel market.  

Derma Sciences (US) is another key player in the hydrogel market. The company is engaged in the development, distribution, and sales of hydrogels and related products. In 2016, the company launched MEDIHONEY, a hydrogel-based wound care product, which is increasingly utilized in wound treatment. This development strategy helped the company offer improved products in wound care application.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Hydrogel Market worth 15.33 Billion USD by 2022

The report “Hydrogel Market by Raw Material Type (Natural, Synthetic, Hybrid), Composition (Polyacrylate, Polyacrylamide, Silicon), Form (Amorphous, Semi-crystalline, Crystalline), Application (Contact Lens, Personal Care & Hygiene), Region – Global Forecast to 2022″, The hydrogel market is estimated to be USD 11.43 Billion in 2017 and is projected to reach USD 15.33 Billion by 2022, at a CAGR of 6.04% between 2017 and 2022. The growth of the hydrogel market can be attributed to an increase in the consumption of personal care & hygiene products in emerging economies and a rise in the production facilities of hydrogels.

Browse 80 Market Data Tables and 31 Figures spread through 133 Pages and in-depth TOC on “Hydrogel Market”

Ask for Sample Pages @ 
https://www.marketsandmarkets.com/requestsampleNew.asp?id=181614457 

The agriculture segment is projected to grow at the highest CAGR during the forecast period

Based on application, the agriculture segment is anticipated to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing agricultural activities in various regions, such as Asia Pacific, North America, Europe, and the Middle East & Africa. Moreover, the growing usage of hydrogels as a key material for farming, owing to its characteristics such as water holding ability, has contributed to the growth of the hydrogel market in agriculture.

The polyacrylate segment is projected to be the fastest-growing composition segment of the hydrogel market

Based on composition, the polyacrylate segment of the hydrogel market is anticipated to grow at the highest CAGR between 2017 and 2022. This growth can be attributed to the water retention ability of polyacrylate hydrogels that increase their applicability in the personal care & hygiene application. Moreover, superior properties of hydrogels, such as transparency and elasticity, have further led to the growth of the polyacrylate segment.

Early buyers will receive 10% customization on reports.

The hydrogel market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period

Asia Pacific accounted for the largest share of the hydrogel market in 2016. This market in the Asia Pacific region is projected to grow at the highest CAGR from 2017 to 2022. Among all countries in the Asia Pacific region, the hydrogel market in India is projected to grow at the highest CAGR during the forecast period. This market in North America is projected to grow at the second-highest CAGR between 2017 and 2022, with the US registering the highest growth rate in this region.

Key players operating in the hydrogel market include Johnson & Johnson (US), Cardinal Health (US), the 3M Company (US), Coloplast (Denmark), B. Braun Melsungen (Germany), Smith & Nephew (UK), Derma Sciences (US), Royal DSM (Netherlands), Dow Corning Corporation (US), Paul Hartmann (Germany), Momentive Performance Materials (US), Ocular Therapeutix (US), ConvaTec (UK), Ashland (US), Evonik Industries (Germany), Cosmo Bio USA (US), MPM Medical (US), Molnlycke Health Care (Sweden), Hollister (US), Medline Industries (US), Gentell (US), and Alliqua BioMedical (US). These players have adopted various growth strategies to expand their global presence and increase their market share. Mergers & acquisitions, expansions, and new product launches are some of the major strategies adopted by key players operating in the hydrogel market.

Don’t miss out on business opportunities in Hydrogel Market. Speak to our analyst and gain crucial industry insights that will help your business grow.