Hydrogel Market Analysis

Hydrogel Market Analysis and In-depth Study on Industry Size Trends, Emerging Growth Factors and Regional Forecast

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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.

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Europe and North America are the Matured Markets for the Hydrogel, Says MarketsandMarkets™

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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 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 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.

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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.