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Global Hydrogel Market | North America is growing at the highest CAGR by 2023
Global Hydrogel Market Information by- Type (Natural, Synthetic and Hybrid), Composition (Polyacrylate, Polyacrylamide, Silicon), Form (Amorphous, Semi Crystalline, Crystalline), Application (Agriculture, Health Care and Hygiene, Contact Lenses, Drug Delivery Systems, Tissue Engineering) – Forecast till 2023
The Global Hydrogel Market has been driven by its growing production in agriculture, contact lenses, personal hygiene and health care products. Moreover, it is estimated that the health care and hygiene segment is set to witness the highest growth in the market due to increasing consumption of hydrogels in different products such as perfumes, baby diapers, and others.
A three dimensional network structure which is capable of holding water to a large extent due to its hydrophilic properties is called a hydrogel. Sodium polyacrylate, polyvinyl alcohol, acrylate polymers, and copolymers are the different ingredients used in manufacturing the product. It is mainly known for excellent viscoelastic, lubricious, multifunctional and permeable properties. It is used to provide the flexibility, comfort and biocompatibility nature in the product.
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Major Key Players:
The Major Players operating in the Hydrogel Market are:
- Johnson & Johnson Pvt. Ltd. (U.S.A),
- Cardinal Health (U.S.A),
- The Cooper Companies, Inc. (U.S.A),
- Dow Corning Corporation (U.S.A),
- R&D Medical Products Inc (U.S.A),
- H.B. Fuller Company (U.S.A),
- Alliqua BioMedical, Inc (U.S.A),
- Axelgaard Manufacturing Co., Ltd.(U.S.A),
- BSN medical (Germany)
The Global Hydrogel Market is categorized on the basis of Type, Composition, Form, Application:
On The Basis Of Type-
On The Basis Of Composition-
On The Basis Of Form-
- Semi Crystalline,
On The Basis Of Application-
- Health Care and Hygiene,
- Contact Lenses,
- Drug Delivery Systems,
- Tissue Engineering
Geographically, Hydrogel Market is segmented across Five Regions in the world namely:
- Asia Pacific,
- North America,
- Latin America,
- Middle East & Africa.
North America holds a major share of the global market and is expected to continue its dominance due to rising demand for hydrogels in various applications. Due to these factors, U.S.A, Canada and Mexico are the major players in this region. The Asia Pacific region is predicted to witness a higher CAGR in countries such as China, India and Japan owing to growing demand for hydrogels in healthcare and hygiene, drug delivery systems and tissue engineering applications. A rapid development is observed in the European region owing to the growing consumption of hydrogels in paper towels, baby diapers, and others. Moreover, it is projected that the tissue engineering segment is set to grow at a rapid rate in the market due to innovation and technological advancement. Due to these factors, Germany, the U.K. and Italy are the major contributors to the hydrogels market in Europe. The Middle East & Africa, and Latin America regions are estimated to observe a significant growth in the market due to the rapid production of hydrogels in contact lenses, biotechnology.
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