The global Hydrogels Market is anticipated at USD 3.3 billion in 2022. Demand is likely to remain high for hydrogels during the assessment period. This is due to the rising application of hydrogels across various end-use industries and garnering USD 6.7 billion in 2033, recording a CAGR of 6.6% from 2023 to 2033. The market is likely to secure USD 3.5 billion in 2023.
| Data Points | Kay Statistics |
|---|---|
| Hydrogels Market Size Value in 2023 | USD 3.5 billion |
| Hydrogels Market Forecast Value in 2033 | USD 6.7 billion |
| Global Growth Rate | 6.6% |
| Forecast Period | 2023 to 2033 |
Key Factors Shaping the Demand Outlook of the Hydrogels Industry:
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| Historical CAGR (2018 to 2022) | 8.3% |
|---|---|
| Forecasted CAGR (2023 to 2033) | 6.6% |
The growth of the hydrogels market is due to the increasing investment in the agriculture industry and increased demand for sustainable biodegradable hydrogels due to the increasing environmental concerns and the need to reduce the environmental impact of hydrogel products.
Increasing demand from various industries and ongoing research and development efforts to improve the properties and applications of hydrogels is expected to drive the growth of the hydrogels market during the forecast period. Hydrogels are used in pharmaceuticals to extend the shelf life of the drugs.
Silicon constitutes hydrogels are used in contact lenses as they allow significant amounts of oxygen to pass through them. The hydrogels market is projected to show a noteworthy growth of USD 6.7 billion by the end of the forecast period of 2033.
Rising Need for Hydrogels in The Agriculture Industry to Drive the Growth of The Hydrogels Market
Hydrogels are highly used in the agriculture industry. Hydrogels have the ability to absorb and retain a large amount of water, it can help to improve water management by reducing water loss through evaporation and improving water availability to the plants.
Hydrogels are also utilized to improve soil structure and fertility and also in soil stabilization and erosion control. Hydrogels are used in soil conditioning, water management, and crop protection. The need to improve crop yields, and reduce water consumption in agriculture is driving the growth of the hydrogel market in the agriculture industry.
Increasing application in Healthcare & Hygiene to boost the Market Growth
Hydrogels are used for wound dressings, increasing the prevalence of chronic wounds such as diabetic ulcers, and increasing the application of hydrogel wounds to treat minor burns and abrasions as hydrogel gives moisture to the wound and aids in the repair of the epidermis, removal of extra dead tissue, and proliferation. The healthcare industry remains the primary end-use industry for hydrogels.
The increasing healthcare expenditure and increasing incidences of chronic wounds and advancement in remote monitoring technology are likely to drive the growth of the hydrogels market. Hydrogels are also used in personal care industry, in skincare products, hair care products, and cosmetics.
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High Costs Associated with The Production of Hydrogels May Restrain the Market Growth
The high production cost may hamper the growth of the hydrogel market as production of the hydrogel by using high-quality materials and sophisticated manufacturing processes is cost-consuming. The lack of awareness among many end-use industries and the easy availability of alternatives such as synthetic polymers and natural materials may also hamper the market growth.
Presence of Well-Developed Healthcare Infrastructure in the Region Boost the Growth of the Hydrogels Market in the United States
The global hydrogels market is expected to be dominated by North America. The market is anticipated to expand at a CAGR of 6.5% and is expected to accumulate a market value of USD 1.3 billion over the forecast period. The United States is the leading market for hydrogels.
The growth of the market in the region is attributed to the rising demand for hydrogels in various applications like hygiene products, drug delivery and wound care, and others. The presence of leading healthcare infrastructure and growing investment in research & development activities are the main factors driving market growth in the region
The presence of leading hydrogel manufacturers in the region like 3M Company, Johnson & Johnson, and DuPont, and increasing investment in research and development activities to develop new hydrogel products with improved properties and performance are likely to provide opportunities for the growth of the market
Increasing Applications in Various Industries to Drive the Growth of the Market in China
China’s hydrogels market is expected to rise at 6.3% CAGR between 2023 to 2033. The market is expected to gain a market value of USD 1.4 billion by the end of the forecast period. The rapid growth of the healthcare sector in China due to the rise in population and growing industrialization is expected to drive market growth.
Increasing demand for innovative products in the region and increasing investment in research & development activities are expected to drive market growth.
The increasing prevalence of chronic wounds, rising healthcare expenditure, and the growing aging population are some of the factors driving the growth of the hydrogel market in the healthcare industry in China. Increasing awareness regarding the benefits of hydrogels and increased application of organic personal care products are driving the growth of the hydrogel market.
Growing Technological Advances in Healthcare to Boost the Growth of the Market in the United Kingdom
Hydrogel sales in the United Kingdom are expected to keep rising with a CAGR of 6.2% and are expected to gain a market value of USD 262.7 million by the end of the forecast period.
The healthcare industry is the largest end-user of hydrogels in the UK, followed by the personal care industry and agriculture industry. The increasing aging population and growing demand for advanced wound care products are some of the factors driving the growth of the hydrogel market in the United Kingdom.
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Natural Segment to Gain Significant Traction During the Forecast Period
Based on raw materials, the hydrogels market is segmented into natural, synthetic, and hybrid segments. The natural segment is expected to dominate the market in the forecast period. The segment is projected to exhibit a CAGR of 6.4% during the forecast period.
Natural hydrogels offer several advantages over synthetic hydrogels, including biocompatibility, biodegradability, and low toxicity. They are also renewable and sustainable, which makes them an attractive option for environmentally conscious applications
The Polyacrylate Segment Generates High Revenue
Based on the composition, the market is segmented into polyacrylate, polyacrylamide, silicon, and others segments. Among all these polyacrylate segments remains the composition category is expected to expand with a CAGR of 6.2% throughout the forecast period.
Polyacrylate hydrogels can absorb large amounts of water, up to several hundred times their dry weight. This high water content makes them ideal for applications where water absorption is important, such as wound dressings, contact lenses, and diapers.
Polyacrylate hydrogels are biocompatible and non-toxic, which makes them suitable for biomedical applications, such as drug delivery and tissue engineering. Polyacrylate hydrogels are versatile materials that have found applications in various fields, including medicine, agriculture, and environmental science.
New players in the hydrogels market are GelSana, Gel-e, Gelmetix, and Genecis
among others, are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interest of potential buyers and create a larger customer base. For instance
The company has also developed the first bi-inert adhesive hydrogel delivery system that offers controlled delivery of therapeutics to promote healing and accelerate wound closure while avoiding unwanted inflammatory responses.
Prominent players in the hydrogels market are 3M Company; B. Braun Melsungen AG; Cardinal Health, Inc.; Coloplast Group; Advanced Medical Solutions Group PLC among others.
The key players in the hydrogels market are focusing on improved productivity and quality of their products in order to gain more customer base. Key players are working on research & development activities for the effective composition of the material that is to be used for manufacturing.
Other expansion strategies of key players include extensive research & development activities, collaborations, and mergers & acquisitions. Some notable developments are as follows:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.6% from 2023 to 2033 |
| Market Value in 2023 | USD 3.5 billion |
| Market Value in 2033 | USD 6.7 billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Raw Material, Composition, Application, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Singapore, Thailand, Indonesia, Australia, New Zealand, GCC, South Africa, Israel |
| Key Companies Profiled | 3M Company; B. Braun Melsungen AG; Cardinal Health, Inc.; Coloplast Group; Advanced Medical Solutions Group PLC |
The growth potential of the hydrogels market is 6.6% through 2033.
The market is pegged to attain USD 6.7 billion by 2033.
China market is expected to expand at a CAGR of 6.3% through 2033.
Natural segment is a highly preferred raw material for hydrogels.
Polyacrylate is highly deployed for hydrogels.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Raw Material 5.1. Natural 5.2. Synthetic 5.3. Hybrid 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Composition 6.1. Polyacrylate 6.2. Polyacrylamide 6.3. Silicon 6.4. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Agriculture 7.2. Healthcare & Hygiene 7.3. Contact Lenses 7.4. Drug Delivery 7.5. Tissue Engineering 7.6. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. 3M Company 16.2. B. Braun Melsungen AG 16.3. Cardinal Health, Inc 16.4. Coloplast Group 16.5. Advanced Medical Solutions Group PLC 16.6. BioCat GmbH 16.7. CK Hutchison Enterprise Limited 16.8. Axelgaard Manufacturing Co., Ltd 16.9. Chemtex Speciality Limited 16.10. Contamac Ltd. 17. Assumptions & Acronyms Used 18. Research Methodology
Chemicals & Materials
May 2023
REP-GB-17221
298 pages
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Hydrogel Market
