The global hydrogels market is anticipated at US$ 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 US$ 6.7 billion in 2033, recording a CAGR of 6.6% from 2023 to 2033. The market is likely to secure US$ 3.5 billion in 2023.
| Data Points | Kay Statistics |
|---|---|
| Hydrogels Market Size Value in 2023 | US$ 3.5 billion |
| Hydrogels Market Forecast Value in 2033 | US$ 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 US$ 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.
Principal Consultant
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 US$ 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 US$ 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 US$ 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 | US$ 3.5 billion |
| Market Value in 2033 | US$ 6.7 billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ Billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
|
| Regions Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
The growth potential of the hydrogels market is 6.6% through 2033.
The market is pegged to attain US$ 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
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Raw Material
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Raw Material, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Raw Material, 2023 to 2033
5.3.1. Natural
5.3.2. Synthetic
5.3.3. Hybrid
5.4. Y-o-Y Growth Trend Analysis By Raw Material, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Raw Material, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Composition
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Composition, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Composition, 2023 to 2033
6.3.1. Polyacrylate
6.3.2. Polyacrylamide
6.3.3. Silicon
6.3.4. Others
6.4. Y-o-Y Growth Trend Analysis By Composition, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Composition, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Application, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Application, 2023 to 2033
7.3.1. Agriculture
7.3.2. Healthcare & Hygiene
7.3.3. Contact Lenses
7.3.4. Drug Delivery
7.3.5. Tissue Engineering
7.3.6. Others
7.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Raw Material
9.2.3. By Composition
9.2.4. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Raw Material
9.3.3. By Composition
9.3.4. By Application
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Raw Material
10.2.3. By Composition
10.2.4. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Raw Material
10.3.3. By Composition
10.3.4. By Application
10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Raw Material
11.2.3. By Composition
11.2.4. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Raw Material
11.3.3. By Composition
11.3.4. By Application
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. Singapore
12.2.1.5. Thailand
12.2.1.6. Indonesia
12.2.1.7. Australia
12.2.1.8. New Zealand
12.2.1.9. Rest of Asia Pacific
12.2.2. By Raw Material
12.2.3. By Composition
12.2.4. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Raw Material
12.3.3. By Composition
12.3.4. By Application
12.4. Key Takeaways
13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of MEA
13.2.2. By Raw Material
13.2.3. By Composition
13.2.4. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Raw Material
13.3.3. By Composition
13.3.4. By Application
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. USA
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2022
14.1.2.1. By Raw Material
14.1.2.2. By Composition
14.1.2.3. By Application
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2022
14.2.2.1. By Raw Material
14.2.2.2. By Composition
14.2.2.3. By Application
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2022
14.3.2.1. By Raw Material
14.3.2.2. By Composition
14.3.2.3. By Application
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2022
14.4.2.1. By Raw Material
14.4.2.2. By Composition
14.4.2.3. By Application
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2022
14.5.2.1. By Raw Material
14.5.2.2. By Composition
14.5.2.3. By Application
14.6. UK
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2022
14.6.2.1. By Raw Material
14.6.2.2. By Composition
14.6.2.3. By Application
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2022
14.7.2.1. By Raw Material
14.7.2.2. By Composition
14.7.2.3. By Application
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2022
14.8.2.1. By Raw Material
14.8.2.2. By Composition
14.8.2.3. By Application
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2022
14.9.2.1. By Raw Material
14.9.2.2. By Composition
14.9.2.3. By Application
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2022
14.10.2.1. By Raw Material
14.10.2.2. By Composition
14.10.2.3. By Application
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2022
14.11.2.1. By Raw Material
14.11.2.2. By Composition
14.11.2.3. By Application
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2022
14.12.2.1. By Raw Material
14.12.2.2. By Composition
14.12.2.3. By Application
14.13. Singapore
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2022
14.13.2.1. By Raw Material
14.13.2.2. By Composition
14.13.2.3. By Application
14.14. Thailand
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2022
14.14.2.1. By Raw Material
14.14.2.2. By Composition
14.14.2.3. By Application
14.15. Indonesia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2022
14.15.2.1. By Raw Material
14.15.2.2. By Composition
14.15.2.3. By Application
14.16. Australia
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2022
14.16.2.1. By Raw Material
14.16.2.2. By Composition
14.16.2.3. By Application
14.17. New Zealand
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2022
14.17.2.1. By Raw Material
14.17.2.2. By Composition
14.17.2.3. By Application
14.18. GCC Countries
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2022
14.18.2.1. By Raw Material
14.18.2.2. By Composition
14.18.2.3. By Application
14.19. South Africa
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2022
14.19.2.1. By Raw Material
14.19.2.2. By Composition
14.19.2.3. By Application
14.20. Israel
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2022
14.20.2.1. By Raw Material
14.20.2.2. By Composition
14.20.2.3. By Application
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Raw Material
15.3.3. By Composition
15.3.4. By Application
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. 3M Company
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. B. Braun Melsungen AG
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Cardinal Health, Inc
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Coloplast Group
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Advanced Medical Solutions Group PLC
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. BioCat GmbH
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. CK Hutchison Enterprise Limited
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Axelgaard Manufacturing Co., Ltd
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. Chemtex Speciality Limited
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Contamac Ltd.
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
Chemicals & Materials
May 2023
REP-GB-17221
298 pages
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Hydrogel Market
