Report Id: SNS/C&M/1482 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Hydrogel Market Size was valued at USD 26.68 billion in 2022 and is expected to reach USD 44.17 billion by 2030, and grow at a CAGR of 6.5% over the forecast period 2023-2030. The hydrogel consists of three-dimensional polymeric structures that can absorb and retain huge amounts of water. A hydrogel is a polymeric material that has the ability to swell and hold water without dissolving it. Functional hydrophilic groups connected to the polymeric backbone give hydrogels their ability to absorb water. The cross-links between the network chains of hydrogels provide resistance to disintegration. Based on their structure, it's divided into polyacrylate, polyacrylamide, silicone-modified hydrogels, and others. It's used in a variety of applications, including sanitation, drug delivery systems, packaging, coal dewatering, nutrition, food additives, tissue engineering, and others.
The demand from the microwave industry.
The prevalence of hydrogen.
Increasing Demand for Medical Industries.
The complexity in production.
High cost of production.
Personal and hygiene products are in high demand.
Increasing Demand in Medical Sector.
The market's supply chain interruptions.
Due to covid 19 such as less production
Impact of Covid-19:
The world economy is having a difficult time in Covid 19. During this time, global business demand and supply rates are decreasing. Many markets' output rates are also declining. The closure of manufacturing plants is a significant setback for the markets. From 2020, the workforce in industries will be decreasing. The year 2020 will be a year with fewer business activities. The labor shortage in this sector is a problem that many markets face. The need for hydrogels is expected to increase starting in 2021. Nonetheless, some industries have a strong demand for hydrogel. Hydrogel has a high adoption rate in the medical field. This market's demand was sustained by the use of hydrogel products in the medical industry.
Ashland Global Holdings Inc, Cardinal Health, Essity, Inc, 3M Company, B. Braun Holding GmbH & Co. KG, Medline Industries, Paul Hartmann, Procyon Corporation, Smith & Nephew, The Cooper Companies, and other players.
By Raw Material Type:
Others (Agar and PVP)
Personal Care & Hygiene
Asia Pacific, Europe, and North America make up the hydrogel market. North America is a major country with a large portion of the market. Various industries in North America are in need. The contact lens market is growing at the fastest rate in the industry. The United States and Canada are the leading investors in the market. In addition, the tissue engineering market is experiencing strong demand. The market has a high per capita income. In the market, hygiene, healthcare, and drug delivery subsystems are in high demand. Latin America is the region with the largest hydrogel consumption. The market for tissue engineering and medicine has the biggest demand. In addition, the European market is growing. Personal hygiene products are in high demand.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 26.68 Billion|
|Market Size by 2030||US$ 44.17 Billion|
|CAGR||CAGR of 6.5% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Raw Material Type (Natural, Synthetic, Hybrid)
• By Composition (Polyacrylate, Polyacrylamide, Silicon, Others)
• By Form (Amorphous, Crystalline, Semi-crystalline)
• By Application (Wound Care, Contact Lens, Drug Delivery, Agriculture, Personal Care & Hygiene, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Ashland Global Holdings Inc, Cardinal Health, Essity, Inc, 3M Company, B. Braun Holding GmbH & Co. KG, Medline Industries, Paul Hartmann, Procyon Corporation, Smith & Nephew, The Cooper Companies, and other players.|
|DRIVERS||• The demand from the microwave industry.
• The prevalence of hydrogen.
• Increasing Demand for Medical Industries.
|Restraints||• The complexity in production.
• High cost of production.
Frequently Asked Questions (FAQ) :
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Ashland Global Holdings Inc, Cardinal Health, Essity, Inc, 3M Company, B. Braun Holding GmbH & Co. KG, Medline Industries, Paul Hartmann, Procyon Corporation, Smith & Nephew and The Cooper Companies are the key players in the us Hydrogel Market.
Ans: Natural, Synthetic and Hybrid are the sub-segments of by Raw Material Type segment.
Ans: The demand from the microwaves industry, The prevalence of hydrogen and Increasing Demand for Medical Industries are the drivers for Hydrogel Market.
Ans: Global Hydrogel Market Size was valued at USD 25.06 billion in 2021, and expected to reach USD 38.95 billion by 2028, and grow at a CAGR of 6.5% over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
220.127.116.11 United Kingdom
18.104.22.168 South Korea
22.214.171.124 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Hydrogel Market Segment, By Raw Material Type
9. Global Hydrogel Market Segment, By Composition
9.4 Others (Agar and PVP)
10. Global Hydrogel Market Segment, By Form
11. Global Hydrogel Market Segment, By Application
11.1 Wound Care
11.2 Contact Lens
11.3 Drug Delivery
11.5 Personal Care & Hygiene
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1. Ashland Global Holdings Inc
12.1.4Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS view
13.2 B. Braun Holding GmbH & Co. KG
13.3 Cardinal Health
13.5 Medline Industries
13.6 Paul Hartmann
13.7 Procyon Corporation
13.8 Smith & Nephew
13.9 The Cooper Companies, Inc
13.10 3M Company
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land on an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on filed participants. The below-mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.