Hydrogel Market

Hydrogel Market Snapshot

The global hydrogel market size is expected to reach US$ 3.9 Billion in 2022 and US$ 8.4 Billion in 2032. It is likely to exhibit astonishing growth at a CAGR of 9.1% in the forecast period from 2022 to 2032. The increasing demand for personal care and hygiene products is estimated to propel the sales of hydrogel in the evaluation period.

Hydrogel is referred to as a crosslinked hydrophilic polymer that does not dissolve in water. These are capable of maintaining well defined structures and are highly absorbent in nature.

Hydrogels have a degree of flexibility that is similar to natural tissue because of their high water content. These can encapsulate chemical systems as responsive smart materials.

These are responsive to certain molecules, such as antigens and glucose. These can also be used as biosensors. The surging utilization of hydrogels in disposable diapers, dressings for healing wounds, fibers, cell culture, and glue is projected to augur well for the global market.

Which are Some Prominent Drivers Spearheading Hydrogel Market Growth

The increasing trend of using organic and chemical-free skincare products among millennials is a major factor that is estimated to spur the demand for hydrogel in future years. Many companies in both developed and developing countries are nowadays launching cutting-edge products with novel ingredients to attract more customers.

For instance, in January 2022, Oscar Mayer, an American meat and cold cut producer joined hands with Seoul Mamas, a Korea-based skincare company, to launch its new Bologna Hydrogel Sheet Face Mask. The sheet mask is infused with seaweed and witch hazel-derived ingredients. The increasing number of similar other product launches are anticipated to bolster the growth in this market.

What are the Challenges Faced by the Hydrogel Industry

Hydrogels exhibit poor response in the external environment, which may hamper the growth in this market. These have polymeric networks that often swell rapidly by absorbing large quantities of biological fluids or water. These also de-swell in response to changing environmental conditions. The process of de-swelling makes hydrogels very fragile and reduces its physical strength. Spurred by the above-mentioned factors, the demand for hydrogels may get hindered in the evaluation period.

Why is North America Emerging as an Opportunistic Hydrogel Market

The presence of a large number of cosmetics, pharmaceutical, and packaging companies in Canada and the U.S. is anticipated to drive the North America hydrogel market share in the assessment period. The rising usage of hydrogel products in consumer and healthcare applications is another crucial factor that is set to augur well for the regional market.

In January 2022, for instance, U.S.-based NEXGEL, Inc. introduced its latest MEDAGEL ClearComfort Hydrogel Patch. It is made using the company’s advanced hydrogel technology to treat and prevent foot blisters. It can comfortably insulate the skin from friction caused by chafing and rubbing in shoes. The increasing focus of several key players on the development of such innovative products is likely to push the regional market.

Ismail Sutaria

Principal Consultant

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How is Asia Pacific Contributing to Growth of the Hydrogel Market

The increasing adoption of wound dressings made of hydrogel in China, India, Singapore, and Malaysia is anticipated to foster the Asia Pacific market in the near future. This type of wound dressing helps to fix the epidermis, provides moisture to the wound, and removes excess granulation, as well as dead tissue during the healing process.

The growing awareness among people regarding the advantages of hydrogel formulations is set to compel manufacturers to invest huge sums in research and development activities. Besides, the rising usage of hydrogel in the agriculture sector to improve crop yield and lower soil erosion is likely to boost the Asia Pacific hydrogel market growth.

Market Competition

Some of the renowned companies present in the global hydrogel market include The Cooper Companies, Smith & Nephew plc, Procyon Corp., 3M Company, BSN Medical GmbH, ConvaTec Inc., Altergon Italia, Johnson & Johnson, AMBU, Alliqua Biomedical, Inc., and HB Fuller Company among others.

Leading companies operating in the global market are focusing on developing innovative products for a wide range of end-use industries. Meanwhile, a few other key players are aiming to partner up with chemicals and healthcare companies to develop new products and generate a large customer base.

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Report Scope

Key Segments Profiled in the Hydrogel Industry Survey

By Polymeric Composition:

• Homopolymeric
• Copolymeric
• Multipolymer Interpenetrating Polymeric

By Configuration:

• Natural
• Synthetic
• Hybrid

By Product Type:

• Amorphous (Non-crystalline)
• Semi-crystalline
• Crystalline

By End Use:

• Healthcare and Hygiene
• Contact Lenses
• Drug Delivery Systems
• Tissue Engineering
• Agriculture
• Pharmaceutical & Medical
• Packaging

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa