November 07, 2017
WELLESLEY, Mass., Nov 07, 2017 – New developments in hydrogels and applications, along with increased competition between hydrogel chemistries and forms, are driving solid growth in the global market for hydrogels. In a new report published today, Hydrogels: Applications and Global Markets to 2022, BCC Research estimates the market will gain $5.8 billion from 2017-2022, to reach $22.3 billion in the end year, achieving a compound annual growth rate (CAGR) of 6.3%.
Hydrogels have been in commercial use for more than two decades. Their widespread use started only with advancements in polymer technologies, but now these hydrophilic polymers are mostly used in soft contact lenses, hygiene products, wound dressings, tissue engineering scaffolds, drug delivery, agriculture and food products like jellies.
This study discusses forecasted trends, demand and demand factors, manufacturers and technologies. Various types of hydrogels are analyzed and classified on the basis of raw material origin, composition (key polymer chemistry) and form.
“Demand for disposable diapers, contact lenses and wound care products are the primary market drivers,” said Kevin Fitzgerald, BCC Research editorial director. “In our latest report, we uncover how drug delivery and wound care are witnessing exponential growth, driven by active research and the development of novel technologies. Hydrogels are excellent wound closers, especially for burn and diabetic wounds. Furthermore, in pharmaceuticals they have also enabled timed release of active ingredients, helping to reduce multiple doses while enhancing their efficacy.”
Key Market Drivers - Research Highlights:
Companies included in this report: 3m Co., Agarindo Bogatama, Ashland, Inc., HB Fuller Co., LG Chem, Nippon Shokubai Co. Ltd., Ocular Therapeutix Inc., Phoenix Chemicals Inc., Setexam, Smith & Nephew PLC, Sumitomo Seika Chemical Co. Ltd., and Valeant Pharmaceuticals International Inc.
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Hydrogels: Applications and Global Markets to 2022 (AVM148A)
Publish Date: Nov 2017
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Hydrogels: Applications and Global Markets to 2022( AVM148A )
Publish Date: Nov 2017
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email email@example.com or visit www.bccresearch.com/media to request access to our library of market research.