Water-Soluble Polymer Market Size

Water-Soluble Polymer Market size was valued at USD 38.93 Billion in 2023 and is set to cross USD 78.08 Billion by 2036, registering more than 5.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of water-soluble polymer is evaluated at USD 40.96 Billion. The growth of the market can be attributed to the increasing use of these polymers in a variety of end-user industries. The chemical industry is a major component of the economy. The rise in the chemical industry is projected to spur the product supply. According to the World Bank, the Chemical industry in the U.S. accounted for 16.43% of manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in the future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030.

Furthermore, the expanding demand for bio-based acrylamide and its increasing usage in the pharmaceutical business is expected to most certainly provide manufacturers with several prospects. Its applications in processing minerals, wastewater from factories and municipalities treatment, oil sand tailings dewatering, paper manufacturing, and biotechnology are also likely to contribute to market growth over the projection period.