Global Water Soluble Polymers Market Insights Forecasts to 2033

• The Global Water Soluble Polymers Market Size was Valued at USD 37.43 Billion in 2023
• The Market Size is Growing at a CAGR of 5.48% from 2023 to 2033
• The Worldwide Water Soluble Polymers Market Size is Expected to Reach USD 63.79 Billion by 2033
• North America is Expected to Grow the fastest during the forecast period.

The Water Soluble Polymers Market Size is Anticipated to Exceed USD 63.79 Billion by 2033, Growing at a CAGR of 5.48% from 2023 to 2033.

Market Overview

Water-soluble polymers dissolve in water and are defined by having an adequate number of electronegative atoms and/or functional groups capable of forming hydrogen bonds with water. Water-soluble polymers can expand or change shape in solution, make solvents more viscous at low concentrations, and adsorb on surfaces. Water-soluble polymers are substances that change physical characteristics when exposed to watery environments. Water-soluble polymer chains usually contain hydrophilic groups that are substituted or integrated into the polymer backbone. Water-soluble polymers are utilized in oil fields to assist in various stages of drilling and production. In this regard, the predicted increase in demand for crude oil and petroleum is expected to fuel the growth of the oil and gas sector, opening up new prospects for the worldwide water-soluble polymers market. The increasing use of water-soluble polymers in well drilling is driving market expansion. Furthermore, prominent market vendors are making significant investments in research and development (R&D) initiatives to create water-based emulsion polymers from biological resources for a cleaner environment. They are additionally focusing on developing water-soluble polymers from amino acids that can withstand high temperatures, which is favorably influencing the industry.

Report Coverage

This research report categorizes the market for the water soluble polymers market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the water soluble polymers market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the water soluble polymers market.

Driving Factors

The market for water-soluble polymers is primarily fueled by the growing demand for these materials in water treatment plants around the world. The significant element driving revenue growth in the water soluble polymers market is the increasing popularity of bio-based and renewable polymers. These polymers are manufactured from natural ingredients and are less harmful to the environment than their synthetic substitutes. The drive to reduce carbon footprint and the rise in environmental concerns are increasing demand for bio-based and renewable polymers.

Restraining Factors

High molecular weight polyacrylamide is frequently used as a viscosity modifier in enhanced oil recovery and as a flocculant in wastewater treatment. However, use and poor management could contaminate nearby water supplies, harming the region.

Market Segmentation

The water soluble polymers market share is classified into raw material and application.

• The synthetic segment dominates the market with the highest market share through the forecast period.

Based on the raw material, the water soluble polymers market is categorized into synthetic, natural, and semisynthetic. Among these, the synthetic segment dominates the market with the highest market share through the forecast period. Synthetic polymers are mainly used in industrial, municipal and wastewater treatment applications. In the process of treating industrial wastewater, it is frequently used to remove bacteria, viruses, grease, surfactants, nitrogenous and phosphorous materials, and heavy metals from urban sewage.

• The water treatment segment is predicted to account the largest revenue share through the forecast period.

Based on the application, the water soluble polymers market is categorized into food processing, water treatment, paper making, detergent, petroleum, and others. Among these, the water treatment segment is predicted to account the largest revenue share through the forecast period. The market is growing due to increased demand for the water treatment process driven by growing wastewater generation by various manufacturing companies. Environmental restrictions regarding the quality of drinking water and wastewater discharge have the potential to increase demand for synthetic polymers.

Regional Segment Analysis of the Water Soluble Polymers Market 

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the water soluble polymers market over the predicted timeframe.

Asia Pacific is projected to hold the largest share of the water soluble polymers market over the forecast period. Demand for water-soluble polymers in Asia-Pacific is primarily driven by rising demand from several end-use sectors, including water treatment, oil and gas, and food and beverage. The region's fast industrialization and urbanization, together with increased knowledge and emphasis on environmental practices, are projected to fuel demand for water-soluble polymers. Furthermore, increased expenditures in R&D activities to create new and improved water-soluble polymers with enhanced characteristics are likely to fuel market expansion in Asia-Pacific.

North America is expected to grow at the fastest CAGR growth in the water soluble polymers market during the forecast period. Drilling, well-completion, production, and enhanced oil recovery operations account for the majority of the oil and gas industry’s growing need for these products. The improved oil recovery method is anticipated to play a major role in oil and gas extraction operations as the United States advances its fracturing technology, propelling the expansion of the regional market. Market expansion is expected to be driven by rising demand from the oil and gas sector since these polymers offer more customization than other injection fluids used in improved oil recovery.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the water soluble polymers market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Arkema
• The Dow Chemical Company
• Nitta Gelatin, NA Inc.
• Ashland Global Holdings Inc.
• SPCM
• Gantrade Corporation
• Nuoer Group
• DuPont
• Nutrition & Biosciences
• LG Chem 
• Kuraray Co., Ltd.
• Merck KGaA
• Mitsubishi Chemical Holdings Corporation
• BASF SE
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In January 2024, SNF Group wanted to increase the capacity of its production in Oman. As part of its expansion strategy, the organization committed USD 250 million to support the Sultanate of Oman. In 2024, SNF intends to establish a regional SNF Technical Centre in Muscat, which would act as a center for research and development for the whole Gulf region. This facility will support SNF’s mission to provide its clients with the most advanced polymer information available worldwide.

• In August 2023, BASF declared the intention to invest to grow its dispersant business in Europe to aid customers of BASF in multiple industries in Europe and the Middle East, including the cleaning, detergent, and chemical processing industries.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Water Soluble Polymers Market based on the below-mentioned segments: 

Global Water Soluble Polymers Market, By Raw Material

• Synthetic

• Polyacrylamide
• PVA
• Polyacrylic Acid
• Others

• Natural

• Guar Gum
• Gelatin
• Xanthan Gum
• Others

• Semisynthetic

• Methylcellulose
• Hydroxyethylcellulose
• Others

Global Water Soluble Polymers Market, By Application

• Food Processing
• Water Treatment
• Paper Making
• Detergent
• Petroleum
• Others

Global Water Soluble Polymers Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa